Skip to content
Tokyo Brief東 京 ブ リ ー フJapan's day, wrapped and delivered by morning.

Japan Capital and Governance

Share buybacks, offerings, activist stakes, shareholder votes and board changes at Japanese companies.

  1. Effissimo raises Tamron stake to 18.90%, leaves door open to more buying

    Effissimo Capital Management reports an 18.90% Tamron holding, up from 18.54%, and says it has no specific plan to add more than 5 percentage points, though takeover proposals including Sony's could lead it to buy more.

  2. Tokyo Electron has spent nearly all of its ¥150bn buyback budget on a third of the authorized shares

    Tokyo Electron had bought ¥149.999bn of stock against a ¥150bn board ceiling by the end of September, yet only 2,443,900 of the 7.5mn authorized shares, and the purchase window runs to March 2027.

  3. Sincere Lends Its Parent ¥1bn Again, at a Fixed 8% Until 29 December

    Sincere will lend its controlling shareholder ¥1bn unsecured at a fixed 8.0% for short-term factoring funding, due 29 December, after the parent repaid July's loan in full and Sincere's independent directors backed the new terms.

  4. Effissimo lifts Tamron stake to 18.54%, says takeover proposals could drive more buying

    Effissimo Capital Management now holds 18.54% of Tamron, up from 17.38%, and says price, liquidity and takeover proposals, including Sony's, could lead it to raise the ratio by more than 5 points, though it has no concrete plan to.

  5. Fujitsu has spent ¥32.82bn of its ¥150bn buyback, a fifth of the way in

    Fujitsu spent ¥10.87bn on its own shares in September, taking cumulative buyback spending to ¥32.82bn, or 21.9% of the ¥150bn authorization that runs to 31 March 2027.

  6. Kyocera has spent ¥177.63bn of its ¥250bn buyback after a ¥32.36bn September

    Kyocera spent ¥32.36bn on 9.29 million of its own shares in September, taking cumulative purchases under its ¥250bn April authorization to ¥177.63bn, with the window open until March 24, 2027.

  7. Sony Spent ¥26.0bn on Its Own Shares in September, Taking the Buyback Total to ¥263.4bn

    Sony Group spent ¥26.0bn buying back 6.89 million of its own shares in September, taking cumulative purchases under its ¥500bn authorization to ¥263.4bn as of September 30.

  8. Nidec Confirms It Is Studying a Leadership Change and a Large Writedown, But Says Neither Is Decided

    Nidec Corporation confirmed it is examining a change to its top executive ranks and a large-scale impairment charge, but said no decision has been made, after Diamond Online reported that the company had decided to dismiss its president and faced writedowns on the scale of ¥1 trillion.

  9. Asset Value Investors Lifts Wacom Stake to 19.16%, Presses for 65% Dividend Payout

    Asset Value Investors disclosed a stake increase to 19.16% in Wacom and revealed it has already proposed a 65% dividend payout ratio target, while reserving broader board and asset-sale options it has not yet used.

  10. FANUC Wraps Up ¥50bn Buyback More Than Seven Months Ahead of Schedule

    FANUC completed its share-buyback program on September 17, 2026, having spent ¥49,999,790,800 of its ¥50bn cap, well ahead of the April 2027 deadline the board originally set.

  11. ALPS ALPINE to Sell Its Entire Nippon Seiki Stake Into a ¥9.98bn Buyback

    ALPS ALPINE will sell all 3 million Nippon Seiki shares it holds into Nippon Seiki's own September 18 share buyback, expecting to book roughly ¥5.0bn in special profit if the off-exchange trade completes as planned.

  12. Oasis Lifts Nidec Stake to 7.97% and Puts Delisting, Board Control on the Table

    Oasis Management has lifted its Nidec stake to 7.97% and told regulators it wants new directors appointed, the manufacturer delisted from the Tokyo Stock Exchange and its capital policy reworked, while reserving the right to buy more than five additional percentage points of stock within roughly three months.

  13. Advantest's ¥150bn Share Buyback Nears Its Spending Cap With Two-Thirds of Shares Still Unbought

    Advantest has spent virtually all of the ¥150bn set aside for its share buyback but filled only a third of the 18 million-share ceiling the board authorized, leaving the value cap effectively reached with two months still on the clock before the program's October 2026 expiry.

  14. Nidec Sets September 30 Record Date for Delayed Accounting Vote

    Shareholders on Nidec's register as of September 30 will get a say on the financial statements and audit reports frozen since June by an internal accounting scandal, though the extraordinary meeting's date and agenda are still unset.

  15. Japan Activation Capital Buys Its Way to a 6.2% Stake in Nihon Kohden

    An off-market purchase worth ¥14.06bn lifted the Tokyo investment fund's stake in Nihon Kohden to 6.20%, and its filing pairs a "pure investment" label with a pledge to engage management through dialogue rather than public demands.

  16. Hitachi Buys Back ¥57.2bn of Stock in August, Passing 40% of Its ¥500bn Cap

    Hitachi bought back 10.5 million shares for ¥57.2bn in August, lifting cumulative repurchases to ¥202.8bn, or 40.55% of the ¥500bn cap the board set in April for a program that runs through March 2027.

  17. Sony's Buyback Clears Nearly Half Its ¥500bn Ceiling

    Sony Group spent ¥43.48bn repurchasing shares in August, bringing its ¥500bn buyback authorization to 47.47% completion by value and 29.38% by share count, with the program running through May 2027 and more than half the authorized spending still available.

  18. Kioxia burns through virtually all its ¥800bn buyback budget in six trading days, but banks only half the shares

    Kioxia Holdings has already used virtually all of the ¥800bn cash authorization behind its share buyback, all in a six-day stretch in early August, but has repurchased only 53.78% of the 30 million shares it aimed to buy before the program's October 30 deadline.

  19. Terra Drone Clears Final Warrant Tranche, Staged Financing Tops ¥11.98bn

    Terra Drone finished exercising its 21st warrant series on September 7, 2026, delivering 102,000 shares and closing a staged Mizuho Securities financing that landed ¥290.0mn above its original target.

  20. Canon Wraps Up ¥200bn Share Buyback Ahead of Deadline

    Canon spent ¥199,999,719,200 buying back 45.33 million shares under a board authorization that ran to January 2027, closing the program in early September with the yen budget almost fully used.

  21. GS Yuasa Plans First Green Bond to Fund Domestic Lithium-Ion Battery Capacity

    GS Yuasa Corporation plans to raise ¥10bn in its first-ever green bond, lending the entire sum to its battery subsidiary to expand domestic stationary lithium-ion production, with JCR blessing the framework against ICMA and Japanese environment-ministry green-bond guidelines.

  22. Nichicon Pairs a ¥22bn Zero-Coupon Bond With a Same-Week Buyback to Cap Future Dilution

    Nichicon is raising ¥22.165bn through a zero-coupon convertible bond generally designed to convert only if its stock clears a 30% premium for a sustained stretch, and it is spending nearly all of a linked ¥5bn buyback the next day to soften, not erase, the eventual dilution.

  23. UMC Electronics Drops to Tokyo's Standard Market, Ending a Three-Year Prime Push

    UMC Electronics' shares leave Tokyo's Prime market for the Standard market on September 8, and the company has withdrawn the compliance plan it filed in 2023 to try to keep its Prime listing.

  24. DKK Raises Shareholder-Return Budget, Targets 8% ROE to Fix a Stock Stuck Below Book Value

    DKK Co., Ltd. admits its stock has traded below book value for five straight years and is now targeting an ROE above its own cost of equity while lifting its three-year shareholder-return budget from ¥2.0bn to ¥2.5bn.