Earnings, deals and disclosures from Japan's listed trading houses & wholesale companies, in English.
Memory-chip price gains and faster-than-planned new business growth lift the Tokyo-listed distributor's operating profit forecast 135%, and its board has revised the year-end dividend forecast to include a one-off ¥100 special payout on top of the unchanged base dividend.
Marubeni raised its three-year shareholder-return target by ¥200bn to ¥900bn and approved a ¥100bn buyback after first-quarter net profit rose 20.7% to ¥186.4bn, already a third of the way to its full-year goal.
Kaga Electronics's stake in fellow electronics trader Shinko Shoji jumps from 1.74% to 72.45% after its tender offer cleared the minimum threshold, and a squeeze-out to delist the target from the Tokyo Stock Exchange comes next.
Commodity prices lifted Mitsubishi Corporation's Metal Resources profit and a one-off revaluation gain from removing engineering contractor Chiyoda Corporation from its consolidated accounts pushed quarterly net profit to ¥298.5bn, even as the trading house held its full-year target steady at ¥1.10tn.
A first-quarter surge in memory prices, driven by generative-AI product demand, pushed the Tokyo-listed chip distributor to lift its full-year operating profit forecast by 168.7% and raise its dividend to ¥1,640 a share from ¥600.
Data-center memory shortages, a quicker factory-automation recovery and heat-driven cooling sales push the distributor's full-year operating profit guidance up 25% to ¥7.5bn and its dividend up ¥20 a share to ¥170.
Quarterly sales fell 21% as pachinko machine shipments cooled from last year's hit title, but a China licensing rebound and sold-out amusement orders pushed Tsuburaya Fields to raise full-year profit guidance 18% and declare an Ultraman 60th-anniversary special dividend that doubles its annual payout.
Operating profit at the Tokyo-listed semiconductor and cybersecurity distributor more than doubled in the June quarter, powered by AI-server chip demand and testing-equipment orders, yet management held its full-year forecast unchanged, wary of memory shortages and longer component lead times.
Yokohama Reito is moving four logistics centers into a trust, selling the beneficiary rights to a Bentall GreenOak vehicle for an estimated ¥5.9bn gain, and leasing the buildings straight back to fund new cold-storage capacity near Haneda and along the Ken-O corridor.
Mitsui & Co. and Penske Corporation have submitted a non-binding proposal to buy out the roughly 27.8% of Penske Automotive Group they don't already own, valuing the New York-listed retailer at $13.8bn.
Kaga Electronics lowered the minimum acceptance level in its ¥1,580-a-share tender for Shinko Shoji from 66.67% to 55.73% of shares and pushed the deadline to August 3, after Shinko Shoji's stock traded above the offer price.
Medipal Holdings' stake in PALTAC has climbed to 97.79% after a completed tender offer, and it is now forcing out the rest of the shareholders at ¥6,650 a share, a move that will end PALTAC's Tokyo Stock Exchange listing next month.
Kobe Bussan paid about ¥1.68bn for a 13.28% stake in Makiya to cement a franchise alliance, but it signed a standstill barring further accumulation above the closing-level ratio, plus a lock-up and right of first refusal favoring Makiya.
BitcoinJPN, the company formerly known as textile wholesaler Marusho Hotta, is issuing convertible bonds and warrants to EVO Fund worth up to ¥9.7bn, with a conversion price that resets every two trading days and no ceiling, to fund a rare-earth mine, a robot-rental unit and more bitcoin after its first warrant round this year raised barely half its target.
Closing the Aethon acquisition on July 14 pushed five entities over the 10% capital threshold that makes them reportable specified subsidiaries, from a $2.2bn Houston holding company to a $142mn Delaware asset-holder.
HCMA Alpha sold its entire 13.03% stake in FTGroup on June 30, 2026, and neither filing says who bought it, leaving parent Hikari Tsushin as the only sizeable shareholder still on the register.
Toyota Tsusho bought back 118.1 million of its own shares at ¥5,620 apiece, settling 99.99% of the ¥663.7bn repurchase its board authorized in April.
A ¥162.7bn loan-funded tender offer has taken Medipal Holdings' stake in PALTAC past 90%, and the wholesaler now plans to force out remaining shareholders at the same ¥6,650-a-share price.
Medipal's ¥6,650-a-share tender for PALTAC drew nearly three times the shares it needed, taking its stake to 92.64% and opening the door to a squeeze-out that will delist the wholesaler from the Tokyo Stock Exchange's Prime Market.
The number: the Tokyo Labour Bureau has cancelled Kyodo Paper Holdings' employment adjustment subsidy and confirmed a ¥70.4mn refund, which the paper wholesaler will book as an extraordinary loss in the first quarter of the fiscal year ending March 2027. The company had already applied to return the money voluntarily on June 26 and says it is tightening internal checks after the episode.
An off-market sale of 441.6 million Chiyoda Corporation preferred shares drops Mitsubishi Corporation's holding ratio from 81.94% to 66.57%, a stake cut worth roughly ¥55.1bn.
Operating profit rose to ¥418.8mn, or 83.8% of KTK's full-year goal, as higher-margin reuse toner and IT cross-selling lifted both segments and left guidance unchanged.
¥483mn in dividends from two subsidiaries will show up as operating revenue at Fuji Unite Holdings in the year ending March 2027, but the company says the payment leaves consolidated results untouched.
The numbers: Sanrio posted ¥194.1bn in sales, ¥79.3bn in ordinary income and ¥54.6bn in parent profit for the year to March 2026, with total assets ending the period at ¥234.7bn.