Share buybacks, offerings, activist stakes, shareholder votes and board changes at Japanese companies.
Funds advised by Bain Capital and GIC plan to sell 42,735,200 existing WHI Holdings shares, with pricing on 7 December and trading planned from 15 December; the filing lists no new-share offering, and borrowings stand at ¥188.4bn.
Effissimo Capital Management reports a 6.14% stake in TOWA and says it plans to add more than five percentage points within three months, while warning that purchases may not proceed as planned.
SBI Holdings would cut its voting stake in FOLIO Holdings from 69.4% to as low as 59.8% in a planned December 17 Tokyo listing, remaining the consolidated parent while Daiwa acts as the independent lead underwriter.
The planned 15 December Tokyo listing offers 8,081,500 existing shares from the board chairman and investors, valued at ¥11.23bn on an assumed ¥1,390 price that will not be fixed until 7 December.
Chiba Kogyo Bank will buy back every remaining preferred share for cash on January 12, 2027, in three classes with ceilings of up to ¥6.0bn, ¥6.09bn and ¥244.9mn, ahead of its April 2027 holding company with Chiba Bank.
Anthropic's Class A shares carry one vote each and a preliminary $70–$78 range, but a founder vehicle would hold 50.1% of total voting power and a trust would elect the board majority, with pricing expected on November 19.
Takara Holdings' board opposes all six ValueAct proposals for a 16 December meeting, arguing the three outside directors targeted, elected with about 94% support in June, are needed to decide whether to keep its CDMO and gene medicine businesses.
Shionogi drew an unsecured ¥300bn bridge loan from Sumitomo Mitsui Banking Corporation on 10 November to fund its IntraBio purchase, and plans to refinance it into longer-term funding before the 29 October 2027 repayment date.
NTT priced 32.559mn NEC shares at ¥4,308.8 for overseas institutions and will tender a same-sized block at NEC's ¥3,462 buyback price, booking a gain of about ¥189bn in standalone accounts only.
NTT plans to sell its entire 4.90% NEC holding, tendering 32.6mn shares into NEC's ¥3,462 self-tender and placing the same number with mostly overseas investors, while both companies say their business alliance continues.
3D Investment Partners lifted its J.Front Retailing holding to 13.84% from 12.73%, says it is already in talks with management on capital allocation, and reserves the right to table formal proposals.
Toyota is offering ¥2,725 a share for up to 108.75mn of its own shares held by non-life insurers, a cash cost of about ¥296.4bn, with the shares to be cancelled.
Toyota raised its buyback ceiling to ¥1.3tn from ¥1tn and will tender for up to about 108.75 million shares held by Tokio Marine, Sompo Japan and MS&AD units at a 10% discount, using cash on hand.
Medipal Holdings will put a change to Article 39 of its articles to a December 15 meeting, letting shareholders decide dividends alongside the board, while recommending against the special dividend and ¥85bn buyback tied to the same vote.
Digital Hearts Holdings will put a share consolidation to shareholders on Nov 20 after Sandbox's tender offer succeeded, with delisting planned for Dec 11 and a ¥1.16bn debugging-business purchase already closed.
Anthropic's amended Japan registration statement shows $3.9bn of operating cash inflow in the six months to June 2026, after outflows in each earlier period shown, while the proposed offering of up to $3.5bn still awaits Nasdaq approval.
Mitsubishi Corporation's board authorized market purchases of up to ¥1tn or 420 million shares between 5 November 2026 and 31 July 2027, with all repurchased shares to be cancelled on 31 August 2027.
Oasis Management says it holds 5.04% of MIRAIT ONE and has already proposed delisting and a capital-policy change, while reserving board, asset and dividend proposals for the next 12 months.
Farallon Capital Management disclosed a 5.02% stake in Yamato Holdings and says it has proposed, by letter and in meetings, that the chairman leave the board and that all directors except the president be outside directors.
Anthropic has registered a Japanese offering of up to an estimated $3.5bn (¥552.9bn at the filing's rate), sold through six Japanese dealers, while Nasdaq approval, the price, the share count and the pricing date remain open.
TOTO's board authorized purchases of up to 9.5 million shares, or ¥30bn, between November 2026 and March 2027, and plans to cancel all but 100,000 of the acquired shares on April 30, 2027.
牧 寛之 no longer seeks more than 30% of BASE's voting rights after four governance commitments, but says he may still vote against directors; a transfer to Melco Group left the joint 28.36% stake unchanged.
Future will cancel 6,648,879 treasury shares on December 24 only if shareholders approve a 10,000,000-to-1 consolidation on November 30; delisting is planned for December 23 and the consolidation takes effect on December 25.
Dalton Investments reports a 5.05% stake in Premium Group, says the shares are undervalued, and plans to propose governance changes and a review of all strategic options, including going private and spin-offs.