Earnings, deals and disclosures from Japan's listed tech & telecom companies, in English.
Sandbox K.K., a holding company owned outright by Digital Hearts Holdings' chairman, is set to cross 50% of voting rights after shareholders tendered nearly double the required minimum, and the chairman and his vehicle now plan to squeeze out remaining holders before delisting the stock from the Tokyo Stock Exchange's Prime market.
Dentsu Group has agreed not to tender its 61.76% founding stake in Dentsu Soken to VIC's planned November tender offer, backing a squeeze-out that would take the IT consultancy private with Itochu Corporation as the bidder's parent.
Keywest Network's tender offer for Future Corporation has closed with the buyer group at 82.88% of the company, financed largely by a ¥106bn Sumitomo Mitsui Banking Corporation loan secured against the shares themselves, and a share consolidation to force out remaining holders is now planned for late November or early December.
A September 30 record date sets up a shareholder meeting that would leave just the tender offerer, Sandbox, and Digital Hearts' own chairman holding stock, but only if the takeover bid succeeds.
Key West Network, wholly owned by Future Corporation's own chairman through a Singapore holding vehicle, collected 43.3mn tendered shares at ¥2,451 each and is set to lift its voting stake to 82.78% once settlement begins on September 17, ahead of a planned squeeze-out that would delist the Tokyo Prime-listed firm.
SHARINGTECHNOLOGY's board is telling shareholders to tender into MBK Partners' ¥1,550-a-share offer, which needs 63.58% acceptance to proceed but carries no cap on how many shares the buyout vehicle will ultimately buy.
A monthlong bidding contest for Kakaku.com has pushed EQT's offer to ¥3,680 a share, and Digital Garage stands to collect roughly ¥122.4bn for its 20.68 percent stake once the deal, still contingent on completion, closes.
Sharing Technology (TSE Growth: 3989) confirmed a Nikkei report that it is reviewing going private, and said its board has already resolved to recommend a future tender offer, before naming a bidder, price or timetable.
ExaWizards will acquire 100% of a two-year-old Tokyo consulting firm for ¥704mn, keeping its current management in place as it tries to plug a nationwide shortage of business consultants who can pair with AI engineers.
Digital Hearts' chairman and his holding vehicle already own 45% of the company; through his own bidding company he is now offering ¥1,060 a share for the rest, with the tender window closing September 24, 2026.
Dentsu Group has pledged not to tender its majority stake into VIC LLC's planned takeover of Dentsu Soken, teeing up a share-consolidation squeeze-out once the tender offer, targeted for early November, settles.
Baudroie's fourth-largest shareholder has agreed to tender his full 3.93% stake into BCPE Neon Cayman's ¥2,970-a-share buyout, adding to a founder share sale struck at a lower price as the offeror works toward a two-thirds squeeze-out vote.
Bain Capital's ¥820-a-share tender for eSOL will delist the embedded-software maker, but insider-linked holding companies controlling 13% of the stock opted out of the offer for a lower ¥663 buyback after the deal closes, a structure meant to leave more of the premium for outside shareholders.
NEC agreed to skip SK-03's ¥1,650 tender offer for CE Holdings and wait for a cheaper company buyback, and that forced the bidder to lower its minimum acceptance threshold by 1.2mn shares to 3,768,300.
Baudroie corrected its MBO filing to show its ¥2,970 offer carries just a 3.81% premium to the pre-deal close, versus a 41.8% median premium in the 115 comparable Japanese buyouts the company cites to defend the price.
A 120,065-vote block, all of it currently with SON Financial, is due to move to Sony Music Entertainment on December 30, alongside a capital alliance that gives the buyer consent rights over GungHo's future share issuance.
Sony Music Entertainment will buy a 23.29% voting stake in GungHo Online Entertainment for ¥28.6bn from asset manager SON Financial, taking over as the mobile-game maker's largest shareholder, with veto rights limited to share moves that would dilute its stake below 22.65% before the deal closes in December.
An Itochu-controlled vehicle has offered ¥2,880 a share for Dentsu Soken, with parent Dentsu Group keeping its 61.78% stake instead of selling out, and the company plans to cancel its year-end dividend if the tender offer succeeds, matching the deal's pricing assumptions.
ITOCHU has offered ¥2,880 for every Dentsu Soken share not already held by parent Dentsu Group, and the IT consultancy's board is already recommending investors accept.
Orchestra Holdings is swapping stock, not cash, to take full ownership of Sharing Innovations, delisting the shrinking Growth-market subsidiary by late November and ending a costly parent-child listing arrangement.
The tendering pact between Oasis Management and Bain Capital's Kakaku.com bidding vehicle expired on 20 August, but Oasis says it won't tender into the rival's ¥3,570 offer unless it rises to ¥3,640 a share, a floor that keeps the vehicle's KDDI-contingent offer competitive ahead of the rival tender's close on 27 August.
Baudroie's board has cancelled its planned ¥10.10 year-end dividend for the year to February 2027, contingent on Bain Capital's ¥2,970-a-share tender offer, which runs through October 5, to take the Tokyo Prime IT firm private, with founder-executives selling their 54.65% stake at a discounted ¥2,350 a share to stay on and roll over into the new owner.
A shareholders' agreement giving ReYuu Japan board-appointment rights turns its 49% purchase of a cybersecurity target into full consolidation for ¥258.9mn, betting on cross-selling cybersecurity to its refurbished-device customers.
Kamgras 1 has lifted its take-private bid for Kakaku.com to ¥3,570 a share, the second price increase since the ¥3,000 opener in May, and pushed the deadline to August 27; Digital Garage and KDDI are declining to tender, choosing instead a post-squeeze-out buyback, with Digital Garage alone planning to reinvest part of its proceeds into a stake in the buyer's parent.