Share buybacks, offerings, activist stakes, shareholder votes and board changes at Japanese companies.
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.
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.
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.
Japan Exchange Group will split its shares two for one from April 2027, citing retail investors' wish for smaller trading units, and will cancel 9,486,700 treasury shares on 10 November.
Ariake Capital reports holding 10.09% of Tokyo Kiraboshi Financial Group, up from 9.00%, and says its talks with management cover UI Bank's deposit strategy, group governance and growth strategy; it reports no material proposals.
Shimane Bank forecasts a ¥5.98bn net loss for the year to March 2027 on a planned securities sale, and has proposed ¥10bn of non-voting preferred shares for SBI Shinsei Bank that need shareholder approval on December 24.
Tokio Marine bought ¥68.3bn of its own shares in September, 34.17% of the ¥200bn programme approved in May, after its March programme hit the yen ceiling. A 15-for-1 split took effect on 1 October.
Mizuho Bank converted preferred shares received in the Rakuten Card share delivery into 23,559,673 Rakuten Bank common shares, a 5.81% stake it cannot sell without consent and which carries the right to nominate one Rakuten Card outside director.
Rakuten Group's 72.35% holding in Rakuten Bank includes 181,470,943 non-voting Class A shares, and an agreement with the bank requires its consent before they convert to common stock unless the group's votes stay at 50% or less.
Net Protections' operating subsidiary pushed the maturity on a ¥5bn term loan and a ¥7bn credit line to December 2026, with covenants unchanged, while it negotiates a new funding framework with related financial institutions.
Itochu Corporation and Norinchukin Bank funded ¥12bn of new non-voting Tokyo Century class shares on September 18, but a same-day cut to capital and capital reserves swept the whole amount into other capital surplus, leaving the company's formal capital figures unchanged from before the deal.
Three Integral-linked funds that held 85% of interior-fit-out maker Oliver's votes fell to zero percent on its Tokyo Standard market debut, though millions of shares remain on loan to Nomura until mid-October and Oliver is guiding for an 8.5% revenue rise with a 70% payout ratio this year.
Ariake Capital's stake in Tokyo Kiraboshi Financial Group climbed to 9.00% on client-funded market buying since July, and its filing reserves the right to press capital-policy or restructuring proposals, though none has been made so far.
MUFG priced ¥200bn of perpetual bonds this week that pay fixed coupons of 3.311% and 4.072% before floating over yen Tibor, but the fine print lets the bank cancel principal outright, not merely defer it, if its core capital ratio drops below 5.125%, with recovery never guaranteed.
Japan Post Insurance is raising $1 billion offshore for 30 years to pad its capital base, fixing a 6.50% dollar coupon for the first decade and giving regulators, not the company alone, the final say on any early redemption from 2036.
Gunma Bank's board set September 30 as the record date for a December 23 shareholder vote on its share-exchange integration with Daishi Hokuetsu Financial Group, with venue and full resolution details still pending.
Tokio Marine will multiply its share count fifteenfold on October 1 to shrink the ticket price for retail buyers, but its new shareholder perk pays out only after three years of continuous holding, and while the ¥200bn buyback budget is unchanged, the split-adjusted dividend forecast is only substantively, not exactly, the same as before.
The Chiba prefecture lender is borrowing $300mn from international investors for five years at a fixed 4.863%, a Reg S deal rated A1 by Moody's Japan and listed in Singapore rather than sold to US buyers.
An amended EDINET filing fixes indicative pricing on a ten-year subordinated bond whose holders would lose their entire principal, not just deferred interest, if regulators ever declared Sumitomo Mitsui Trust Group failing.
Sumitomo Mitsui Financial Group used up all of the ¥180bn cash budget its board approved for share buybacks by July 31, but bought back only 70% of the accompanying 40mn-share allowance, according to a report filed with Japan's Kanto Local Finance Bureau and disclosed via the EDINET system.
Tokio Marine Holdings spent ¥90.8bn on its own shares in July, filling out the yen cap of a March buyback program while a separate ¥200bn authorization from May has yet to see a single purchase.
AEON Financial Service disclosed that Oasis Management raised its voting stake to 10.81% from 9.80% between May and August 2026, a bigger number with no stated plan attached to it.
Tokyo-listed fintech unbanked dismissed president Hu Yan on July 17 over claims he ordered the company's auditor out of a board meeting, disclosed that some of its own directors doubt the vote's legality, and now faces a shareholder request to dismiss the entire board, including his successor, Yasuto Hirai.
Mitsubishi UFJ Financial Group registered ¥257bn of new 10-year subordinated bonds in two same-day filings, yet ¥227bn of that debt is left out of its own shelf-usage tally until the notes settle on July 31.