Share buybacks, offerings, activist stakes, shareholder votes and board changes at Japanese companies.
Two lenders tied to ANAP Holdings' management will convert ¥7.6bn of loans into new shares priced at a steep discount and a new non-voting preferred stock, in a deal shareholders must approve on September 29 given dilution approaching 299%.
Umios Corporation sold 562,400 shares of the Tokyo Stock Exchange-listed fishery group at ¥887 apiece to four buyers on August 18, keeping only 3,500 shares for itself.
SoftBank Group is raising ¥1tn from mostly individual investors through a seven-year unsecured bond, with the coupon to be fixed in a 4.30%-4.90% range on September 4.
SURIGIKEN says its TOKYO PRO Market debut exists mainly to clear the credibility bar that keeps unlisted vendors out of large corporate tenders, even as its own guidance shows profit falling on the cost of getting there.
Ninety billion yen of five-year debt, priced at 2.35%, funds highway construction and repair work for West Nippon Expressway through the fiscal year ending March 2027, underwritten by Nomura, SMBC Nikko, Daiwa and Mitsubishi UFJ Morgan Stanley, with Japan's expressway debt agency assuming the obligation once the roads are built.
Oasis Management's stake in en inc. climbed to 12.41% from 11.40%, and its amended filing says it may push for the representative director's removal, board changes, dividend policy shifts or delisting within a year, while also planning to buy more than five additional percentage points if the price looks cheap enough.
A greenshoe sale worth 59,089,200 shares brought Daimler Truck's stake in ARCHION down to the 25% ceiling it and Toyota agreed to hit after last year's truck merger, with voting rights still split unevenly at 26.7% versus 19.9%.
Bull-Dog Sauce will sell ¥2.0bn of cross-shareholdings and return 60% of profit to shareholders as it targets return on equity of 5% by 2028, up from a level that barely covers its own 4-5% cost of capital.
An investor group that includes City Index Eleventh now holds 7.33% of Yamada Holdings and has disclosed it may push for higher dividends, buybacks, non-core asset sales, industry consolidation deals or a take-private transaction.
The trading house priced three unsecured bond tranches from 2.113% to 3.190%, with the entire ¥86.6bn net proceeds earmarked for general working capital.
A greenshoe exercise on August 14 completed a scripted reshuffle: Toyota's and Daimler Truck's combined hold in the merged Hino-Mitsubishi Fuso holding company fell from 54.29% to an even 50%, split exactly at 25% apiece.
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.
A single off-auction trade wiped Sega Sammy Holdings off PAPYLESS's shareholder register, as the digital comics retailer paid ¥875.7mn to buy back the entire 900,000-share block in one session.
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.
The UK value investor built an 18.45 million share position in Japan's advertising holding company entirely with client money, and wants talks on dividends, buybacks and board composition.
Amazon.com sold 43.6mn istyle stock acquisition rights back to the Tokyo-listed beauty-data company at ¥72 apiece on August 13, cutting its potential voting stake from 39.30% to 9.29% while keeping the four-year alliance alive.
The auto-parts maker will earmark all ¥10bn from a planned five-year bond for safety-system production and decarbonization capital spending, filling in terms left blank in January's shelf filing.
Sumitomo Mitsui Trust Asset Management and a second Tokyo-registered fund manager now jointly hold 5.01% of Aozora Bank, a stake built through routine portfolio mandates rather than any push for board influence.
A joint large-shareholding filing shows Sumitomo Mitsui Trust Asset Management and a Tokyo co-filer together hold 8,040,200 Goldwin shares, all through fund and discretionary mandates rather than any push for board influence.
Oasis Management has lifted its stake in Nichirei to 7.27% from 6.07% through near-daily on-market buying since July, and discloses ¥35.55bn as its total funding for the whole 18.68mn-share position; the activist fund is now pressing the frozen-food group on board composition, dividends and capital policy, with room to buy over 5 percentage points more within three months.
Be Brave's stake in Univance climbed to 7.09% from 6.08%, and the Tokyo fund wants the auto-parts maker to sell its policy shareholdings to fund an 8% dividend-on-equity payout, invoking the Tokyo Stock Exchange's 2023 request on capital cost and its revised governance code.
Five J.P. Morgan entities and asset manager Highbridge Capital Management jointly report a 5.08% stake in Nippon Steel, but most of that position sits in convertible bonds and a securities-lending book, not outright shares.
The Tokyo Stock Exchange-listed electronics maker bought back 173,800 shares for ¥860.3mn via ToSTNeT-3, using almost all of the buyback authority its board approved just a day earlier.
Hitachi, Ltd. sold its entire 10.1% stake in Hitachi Construction Machinery through SMBC Nikko Securities, and the machinery maker is now spending up to ¥34bn buying back about 30% of that block through November 30.