Share buybacks, offerings, activist stakes, shareholder votes and board changes at Japanese companies.
Axium Capital says it proposed an immediate ¥3bn-¥5bn buyback and a payout ratio of at least 60%, up from 30%, at Hirakawa Hewtech, and has raised its stake to 10.36% from 9.01%.
Nitto Denko raised its full-year dividend forecast from ¥64 to ¥72 a share and authorised repurchases of up to ¥50bn, or 17 million shares, between 4 November 2026 and 24 March 2027.
Hodogaya Chemical's Korean OLED-materials subsidiary SFC has Korea Exchange approval for a KOSPI listing and has filed its registration statement, though the parent has not yet given a listing date, offering size or proceeds.
Nippon Paper's sale of Lintec Corporation shares is expected to add an estimated ¥84.6bn gain to the parent company's own accounts, but only ¥37bn once consolidated with its group results, alongside a ¥3.6bn deferred-tax reversal.
Furukawa Electric sold part of its UACJ stake for about ¥28.3bn on September 25, booking a ¥21.7bn gain that was already priced into the previous day's revised interim forecast, leaving full-year guidance unchanged.
Furukawa Electric plans to sell its entire roughly 7% UACJ stake for about ¥28.6bn, moving the sale and its estimated ¥22bn special gain into the current half from a previously expected later booking, lifting half-year profit guidance 36.5% while sales and operating-profit forecasts stay flat.
Air Water shareholders approved a move to an audit-and-supervisory-committee board on September 22, 2026, and the board separately named an independent outside director as chair, but the president and a fellow board nominee were approved with only about 86% support, well below the 96% to 98% every other candidate received.
Oasis Management now holds 14.41 percent of Kobayashi Pharmaceutical and has told regulators it may propose dismissing the representative director, changing the board, delisting the company, or clearing the way for an outside buyer to take majority control within 12 months, none of which has been agreed or announced.
JFE Holdings priced a ¥20bn, five-year bond at 2.703% on September 9, with net proceeds set aside entirely to redeem part of a bond maturing nine days later, not to fund new capital spending.
A joint EDINET filing shows Nomura Securities, Nomura International and Nomura Asset Management holding just under 50 million JFE Holdings shares between them, with over 13 million tied to bonds carrying share-subscription rights rather than a takeover push.
A policy stake Kobe Steel has held since 1999 gets its first outside claim: 1.05 million shares go on loan to Nomura for an over-allotment option, with the rest locked up until December 8.
Osaka Titanium priced its public offering at ¥2,592 a share, raising ¥17.4bn, below the ¥19.2bn estimate it published in August, and scrapped a fallback plan to use leftover cash for debt repayment, committing up to ¥19.9bn to sponge-titanium capacity growth at Amagasaki by March 2028; a same-day filing showing two asset managers lifting their combined stake to 14.61% is an unrelated passive-holding update.
Nifco used an off-auction ToSTNeT-3 trade to buy back 7.54 million shares for ¥39.96bn on September 1, using nearly all the cash and share capacity under a buyback programme its board approved a day earlier.
Nippon Paper priced the sale of a large Lintec stake at ¥63.6bn after Lintec's ¥30bn ToSTNeT-3 buyback trimmed the block, and underwriters routed just over five million shares to European and Asian buyers, with settlement due September 8.
Investors priced the chemical maker's two-year notes at 2.048% and its five-year notes at 2.659%, with every yen of the proceeds earmarked to retire commercial paper due by the end of September.
A fresh EDINET filing shows Oji Holdings sold KPP Group Holdings shares on 35 separate trading days this summer, cutting a legacy cross-shareholding to 13.20% from 14.22% with no stated end point.
Osaka Titanium is combining a ¥22bn share sale with a government subsidy of up to ¥8.0bn to lift sponge-titanium capacity 25% at its Amagasaki plant, betting aerospace buyers keep substituting away from Russian metal.
Lintec's ¥30bn treasury buyback absorbed ¥29.4bn of Nippon Paper's stake directly, cutting the pending secondary offering to 12.4 million shares and handing Nippon Paper a ¥26.3bn gain ahead of pricing due September 1 to 3.
Lintec approved a ¥30bn share buyback the same day Nippon Paper agreed to sell nearly all its 20 million Lintec shares, a sale that ends Nippon Paper's run as Lintec's top shareholder and equity-method partner.
SFC CO., LTD., the South Korean subsidiary of Tokyo-listed Hodogaya Chemical, filed for preliminary KOSPI listing review on July 24, but regulatory approval and the listing timetable remain undecided.
A Singapore fund's stake in Soken Chemical has reached 22.60%, above the roughly 20% needed to block special-resolution votes at the company's annual meeting, and Soken's new defense plan sets out notice periods and a board review window, run past an independent committee, before any further buying toward 23% can proceed.
The metals group will collect no interest on ¥35bn of new bonds due 2030, priced above face value and sold only to investors in Europe and Asia, with a second tranche maturing in 2032 filed alongside it but not yet detailed.
Mitsubishi Materials' board approved roughly ¥70bn in zero-coupon convertible bonds to fund a pivot into metals recycling, but a separate buyer's plan to repackage those bonds could carry voting rights over 12.37% of the company, a threshold it says it will never actually use.
Mitsubishi Materials is issuing ¥70bn of zero-coupon convertible bonds, priced above today's share price to limit dilution, to fund a shift from mined ore to recycled copper and tungsten by early 2029; a separate filing shows an offshore buyer repackaging the same bonds for credit investors.