Share buybacks, offerings, activist stakes, shareholder votes and board changes at Japanese companies.
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.
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.
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.
Daiwa House Industry's three subordinated bonds run 35 to 40 years with first call dates in 2031, 2033 and 2036, and net proceeds of ¥228.3bn are planned to go toward short-term borrowings the company plans to repay by the end of October.
The T. Rowe Price group's combined stake in Taiheiyo Cement is 7.32%, the same as in its prior report; the amended filing was triggered by a change in material contracts covering shares lent to five banks.
Capital Research and Management Company and three Capital International entities now jointly report 103,770,581 IHI shares, 9.58% of the total, up from 7.75% in the previous report, with the lead entity alone at 8.87%.
A joint holding by Nippon Active Value Fund, NAVF Select and Dalton Investments in Meisei Industrial rose to 14.62% from 13.62%, driven by NAVF Select's purchases; the filing also recounts the filers' April 2026 shareholder proposal on a buyback and board-related changes.
Infroneer priced 47.8 million new shares at ¥2,179.5, a 3.00% discount to its reference price, and now expects net proceeds of up to ¥114.1bn, all for short-term loan repayment by December 2026.
A group holding 18.97% of Bunka Shutter wrote on 5 October 2026 proposing a repurchase of 5% of issued shares, to be paid out to employees as restricted stock. It is a shareholder proposal, not a company authorization.
SAAF Holdings will acquire and cancel all 24,340,846 defense warrants on October 28 after its calculation put a flagged shareholder group at 10.37% of votes, below the 20% trigger, though the board keeps the option to reimpose the measure.
Okumura's ¥15bn unsecured social bond pays 2.704% to October 2029, and the contractor plans to spend the net ¥14.936bn on cash payments to subcontractors by the end of December 2026.
Seven financial-institution shareholders will sell 3,570,800 CKD shares at a price set between October 19 and 22, and the company has authorised buying back up to 1.3mn shares or ¥5bn to ease supply.
Infroneer plans to issue 47.8 million new shares, with estimated net proceeds of up to ¥147.24bn, of which ¥117bn is earmarked to repay short-term loans from two acquisitions by December; pricing falls between 21 and 26 October.
Oasis Management says it plans to add more than 5% to its Shibaura Machine holding within three months of 24 September, conditional on price, after lifting its stake from 9.02% to 10.14% and citing serious governance defects.
Nippon Sheet Glass says payment for its third-party share allotment and the procedures required for a related share consolidation are finished, and its shares will leave the Tokyo Stock Exchange's Prime Market on September 28, 2026.
Shimizu is financing a construction acquisition push with a roughly ¥100bn zero-coupon convertible bond sale split across two maturities, and it doubled a parallel share-buyback program to ¥20bn on the same day to soften the eventual dilution.
A Tokyo court dismissed a shareholder's injunction bid against SAAF Holdings' takeover-defense warrants, ruling the dilutive treatment was justified because a 19-member investor group had concealed a joint stake to evade large-shareholding disclosure rules, and the company said it would carry out the allocation as planned on that day's record date.
A limited-liability company that held zero SAAF Holdings shares in June bought a 4.96% stake in two days, and SAAF's independent committee says it acted in concert with a dissident bloc whose voting power now tops 31% ahead of a September 14 warrant handout.
ACSL raised about ¥5.17bn selling 4.18 million new shares to non-resident investors at ¥1,237.25 each, and because that price undercut the reference level in its stock-option terms, exercise prices on eight warrant series approved between 2017 and 2026 all move down from September 9.
Okumura plans to pay every subcontractor in full cash instead of 60-day promissory notes, funding the switch with its first social bond, whose framework JCR has just rated Social 1(F), its top tier.
Sumitomo Forestry raised ¥243.5bn across three subordinated bond tranches maturing between 2061 and 2066, with coupons as high as 4.343% and full discretion to defer interest payments; the proceeds repay short-term debt taken out for its Tri Pointe Homes acquisition.
SMC Corporation has committed 94.6% of the ¥50bn its board approved in May for share repurchases, spent within roughly three months of a ten-month window that does not close until March 2027.
A correction to a large-shareholding filing on KYORITSU AIR TECH INC. swaps one filer's promise to pursue governance proposals for a mere possibility, without saying whether the underlying holding has changed.
Sumitomo Forestry signed a ¥69bn and ¥37.5bn subordinated syndicated loan, maturing in 2062 and 2064, to repay borrowings from its completed Tri Pointe Homes acquisition, with R&I and JCR expected to treat half the raised amount as equity.