Oasis Management Crosses 10% Voting Stake in Infomart
A TDnet filing shows Oasis Management raised its Infomart stake from 9.77% to 10.97% in four days, triggering a major-shareholder disclosure with no accompanying proposal.
Japan Capital and Governance (Page 14)
Share buybacks, offerings, activist stakes, shareholder votes and board changes at Japanese companies.
Metaplanet Fixes the Dilution Ceiling on Its Legacy Executive Stock Options
Metaplanet has frozen the share count under its 2023 executive stock options at 319,464,000 shares and barred the five holders, including the company's representative CEO, from selling exercised shares until August 2031.
Oi Electric to Buy Back 13% of Its Stock to Catch Mitsubishi Electric's Planned Share Sale
Oi Electric will spend up to ¥866.25mn buying back 13.08% of its shares in a single off-auction trade on August 19, structured to absorb stock that its largest shareholder, Mitsubishi Electric, has told the company it wants to sell.
RENOVA's Credit Rating Moves Up a Notch on Biomass Cash Flow
Japan Credit Rating Agency lifted RENOVA's long-term issuer and bond ratings to BBB+ from BBB, saying cash flow from newly full-scale biomass plants and a growing battery-storage business justify the change.
Akippa Sets Terms for a Tokyo Listing, and Early Backers Are Selling Far More Than the Company Is Raising
Sompo Holdings and DeNA are selling nearly five times as many akippa shares as the parking marketplace itself is issuing in its planned Tokyo Standard Market listing, at an assumed ¥540 per share ahead of a September 18 target listing date.
Oasis Raises M3 Stake to 6.26% and Puts Board Removal, Delisting on the Table
Oasis Management's amended EDINET filing shows its M3, Inc. stake climbing to 6.26% from 5.03%, funded by ¥68.7bn in fund capital, with a stated plan to seek the representative director's removal, board changes, a dividend-policy rewrite, or delisting within the next year, and to potentially buy more shares.
Affiliated Holders Lift Combined Seiko Group Stake to 12.07% as One Sells Shares, Pledges Shares to Mizuho
A Ginza-based holding company trimmed its direct Seiko Group stake to 10.57% and kept 8.12 million shares pledged to Mizuho Bank against a ¥3.0bn loan, even as a stock-split gain at its affiliate pushed their combined position to 12.07%.
Tokyo Gas Sets Up ¥400bn Bond Shelf, Leaves the Numbers for Later
Tokyo Gas will be able to sell up to ¥400bn in bonds once its new shelf registration takes effect on August 26, but the filing fixes no coupon, maturity, or size for any individual note before then.
Amended Filing Names Citadel, JPMorgan and Barclays as Buyers in Taiyo Yuden Stake Sale
A corrected EDINET report shows a Delaware fund split its exit from a 10.81% Taiyo Yuden stake among four institutional buyers at two different prices, cutting its holding to 4.41% from 15.22%.
Toyota Finance Sells Second Blockchain Bond, Trades Yield for Speedway Tickets
Retail buyers of Toyota Finance's ¥1bn security token bond earn a fixed 1.72% a year and a shot at Fuji Speedway tickets, but the bond cannot be resold to anyone except the issuer.
Seika Corporation Plans to Lift Its Tokyo Sangyo Stake by More Than Five Points
Seika Corporation, already holding 11.58% of Tokyo Sangyo, has cleared itself to buy up to 1.9 million more shares by December 30, after updating the stated purpose of its stake to promote active dialogue on corporate value.
Iyotetsu Group Crosses 10% Stake in Shikoku Electric Power
Iyotetsu Group, the Ehime transport conglomerate, borrowed ¥8.35bn from Aozora Bank and Nomura Trust and Banking as part of a ¥27.81bn total outlay that lifted its Shikoku Electric Power stake to 10.17%, still filed as pure investment with no stated board or governance ambitions.
PowerX Draws ¥7.0bn Syndicated Loan to Refinance ¥6.0bn of Existing Debt
PowerX drew ¥7.0bn from an ¥8.0bn Mizuho-led syndicated facility to repay ¥6.0bn of existing borrowing, with the new loan due back on September 17 and secured against company real estate and receivables.
SymBio's ¥6.77bn EVO Fund Deal Could More Than Double Its Share Count
SymBio Pharmaceuticals lined up an estimated ¥6.77bn from Cayman fund EVO Fund to keep its antiviral drug trials funded through March 2028, but the bond-and-warrant structure could swell its share count by more than 125% if every warrant is exercised.
Oasis Management Lifts Infomart Stake to 10.94%, Says It Has Already Proposed Asset Sales
Oasis Management's stake in Infomart climbed to 10.94% from 9.74% on ¥13.48bn of buying, and its filing shows the fund has already proposed asset sales while reserving the right to push for a new chief executive, board changes or delisting within the next year.
Mitsubishi Corp. Sells Its Entire 20% Stake in Toyo Tire Back to the Company
A 30.82 million-share block, a fifth of Toyo Tire's stock, moved off-market from Mitsubishi Corporation back to the tire maker itself at ¥3,602 a share, an EDINET filing shows, with no stated reason attached.
Charon Finance Lifts Iwaki Stake to 18.95%, Reserves Right to Push on Board and Payouts
The Swiss investor's holding in Tokyo Stock Exchange Prime-listed Iwaki jumped from 16.96% to 18.95% on August 7, and its own filing reserves the right to seek board changes, higher dividends and share buybacks.
Sumitomo Mitsui Trust Sets Terms for a ¥40bn Bond That Can Be Wiped to Zero
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.
Oasis Raises Ain Holdings Stake to 20.93%, Reserves Room to Buy More
Oasis Management's stake in Ain Holdings climbed to 20.93% from 19.80% on ¥38.98bn of fund capital, and the Cayman Islands firm has reserved the right to add more than five further percentage points if it judges the shares cheap enough.
Tokyo Electron Has Burned Through 80% of Its ¥150bn Buyback Budget in Two Months
Tokyo Electron has used 80.37% of its ¥150bn buyback budget but only 25.40% of the authorized share count two months into a program that runs to March 2027, its July repurchase filing shows.
SMFG Hits 100% of Its ¥180bn Buyback Ceiling, Leaving 30% of Share Quota Unused
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 Hits the Yen Ceiling on Its March Buyback, With a Second Pot Still Untouched
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.
Recruit's July Buyback Passes a Third of Its ¥350bn Ceiling
Recruit Holdings spent ¥74.8bn buying back its own stock in July, pushing cumulative repurchases under its ¥350bn authorization to just over a third of the yen ceiling with the November 30 deadline four months away.
Oasis Management's AEON Financial Service Stake Crosses 10%
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.