Earnings, deals and disclosures from Japan's listed services companies, in English.
The Tokyo-listed education company paid ¥1.289bn in one off-auction trade to take shares from its founder and chairman, who no longer counts as a controlling or major shareholder, though he stays second on the register.
Ureru Net Advertising Group says shareholders' October 26 vote on large third-party allotments is non-binding and approves no issuance, after it learned the item did not qualify as Rule 432 consent; any actual allotment needs separate procedures.
Rakuten Group plans to use ¥265.6bn of the Series 26 bond's net proceeds to repay a dollar bond due February 2027, while the ¥40bn Series 27 is earmarked wholly for cash spent on its fintech restructuring.
Oasis Management holds 9.48% of M3, up from 8.46%, and says it intends to raise its holding ratio by more than 5 points within three months of 1 October, subject to price and other conditions.
Oasis Management's holding in en inc. rose from 14.54% to 15.63% on daily market purchases, and its filing says it plans to add more than 5 percentage points if the shares look undervalued.
Rakuten Group plans a ¥360bn unsecured bond maturing in April 2032, with a coupon range of 3.800% to 4.600% to be fixed on 16 October and payment on 29 October, and an A- rating from Japan Credit Rating Agency planned for 16 October.
Oasis Management says it holds 22.60% of Infomart and has already proposed asset disposals, director appointments, board changes and discontinuing part of a business, while listing mergers, delisting and majority control among matters it plans to raise within 12 months.
Oasis Management now holds 21.36% of Infomart and says it plans to raise that by more than 5% within three months of 17 September, price permitting, while listing delisting and a majority purchase among matters it may raise.
Kakaku.com dissolved its eight-year capital alliance with KDDI on September 28, stripping the telecom group of its board-nomination and pre-consultation rights, even though KDDI keeps its 17.70% stake and the underlying data-sharing business alliance.
Oasis Management's stake in M3 climbed to 8.46% from 7.40% through months of market buying funded by fund capital rather than borrowed money, and the fund now has notice on file that it may push for the dismissal of M3's representative director, changes to the board, delisting, or a takeover crossing majority control within the next year.
All nine of SUNWELS' lender banks have agreed to defer ¥574mn of loan principal due between October and March, the company's second repayment extension this year, with interest payments continuing unchanged during the deferral.
Cayman Islands activist Oasis Management has spent two months buying En Inc. shares on-market, pushing its stake to 14.54% from 13.45% and disclosing it has already asked the recruitment-listings operator to consider delisting and a capital-policy change, while planning to press for the representative director's dismissal and other officer changes over the next year.
Rakuten Group has registered up to ¥600bn in bond capacity running through September 2028, covering ordinary unsecured notes as well as dated and perpetual subordinated structures, though the filing leaves every coupon, price and issue size undetermined until specific offerings are priced.
Oasis Management's stake in Infomart has climbed to 20.13% from 19.00%, and the fund has already proposed asset disposals and a board reshuffle while reserving the right to push for delisting or a transaction handing an outside party majority voting control within the next year.
Oasis Management's SMS holding climbed to 26.97% from 25.93% in a filing that also formalizes proposals on director dismissals, asset sales, a business exit, and a possible delisting or change-of-control transaction, though the filing does not show SMS having agreed to or acted on any of them.
Oasis Management's regulatory filing puts total funding behind its Infomart stake at ¥27.18bn, all from fund resources, and keeps a possible delisting and boardroom overhaul on the table for the next year.
Activist fund Oasis Management now holds 7.40% of M3, Inc., up from 6.26%, after a roughly ¥82.3bn buying spree funded entirely from fund capital, and it says it has already proposed delisting the shares and, separately, a third-party share acquisition that would leave that party holding a majority of voting rights, with dismissal of the representative director and a dividend-policy fight flagged as possible next steps.
Oasis Management's Infomart holding has climbed to 17.97% and the fund is already proposing asset disposals and board changes, with mergers, delisting and a possible change-of-control sale flagged for the next 12 months.
Oasis Management has pushed its holding in SMS CO.,LTD to 25.93%, funding the ¥41.3bn buildup entirely from fund capital and including a single off-market block trade of 1,607,500 shares at ¥2,460 apiece. The fund is in dialogue with SMS on portfolio strategy, AI use and pricing, and has already put proposals to SMS, with more planned over the next year, touching board composition, business divestitures and delisting, though none of those specific actions has been announced.
ispace's board approved a ¥3bn loan from Shizuoka Bank for mission-development working capital, unsecured and on a three-year bullet repayment, but the loan requires the company to keep at least ¥3bn in cash and positive net assets at every fiscal year-end.
Oasis Management has already asked Infomart to consider selling assets and reshaping its board, disclosed plans to buy more than five additional percentage points within three months, and put delisting on its list of options for the next year.
The disability-support operator will delist from TOKYO PRO Market and Fukuoka PRO Market on October 12, then list on Nagoya's Next market and Fukuoka's Q-Board a day later, funding the move with a share offering whose price is still undecided and starting its first dividend since founding.
Oasis Management's stake in Tokyo-listed en inc. has climbed to 13.45% from 12.41%, and its filing shows the fund has already proposed delisting the shares and a capital-policy change that could hand a third party majority control, with a broader agenda, including possible dismissal of the representative director, reserved for the next 12 months.
Oasis Management's stake in Tokyo-listed SMS CO.,LTD climbed to 24.65% from 22.38% after a single off-market block trade of roughly 1.6 million shares, funded entirely from fund money, and the Cayman activist tells regulators it is already pressing proposals on board changes, asset sales and delisting, with more planned over the next year alongside dialogue on AI, pricing and portfolio strategy.