Skip to content
Tokyo Brief東 京 ブ リ ー フJapan's day, wrapped and delivered by morning.

Japan Capital and Governance (Page 15)

Share buybacks, offerings, activist stakes, shareholder votes and board changes at Japanese companies.

  1. DMG Mori Prices ¥48bn Overseas Share Sale at ¥3,349, Sets Out Factory and M&A Spending

    DMG Mori priced its European and Asian share offering at ¥3,349 on Wednesday, banking ¥47.7bn in net proceeds it will spend on new factory capacity in Japan and Poland, a Chicago R&D center, and a ¥10bn fund reserved for acquisitions it hasn't yet identified.

  2. Evo Fund Trims WIZE Stake to 32.46% as Warrant Conversions Continue

    A Cayman Islands fund's combined stake in the Tokyo-listed IT company slipped below a third after a run of warrant exercises and share-loan returns, but a 2026 warrant purchase agreement still lets the issuer dictate when the fund can convert what's left.

  3. UNIRITA Buys Back ¥1.07bn of Stock in an Off-Market Trade, Closing Out Its Buyback Plan

    UNIRITA acquired 531,400 shares for ¥1.07bn through the Tokyo exchange's ToSTNeT-3 mechanism on August 13, using nearly all of the ¥1.11bn allowance its board approved just one day earlier.

  4. Atom Investment Cuts Rigaku Holdings Stake to 0.29% After Selling 27% Block to Onto Innovation

    A privately negotiated share transfer completed on August 12 cut the Cayman Islands fund's stake in the Tokyo-listed company from 27.28% to 0.29%, at a price below what it fetched in an earlier off-market sale to Nomura.

  5. Sony Spent ¥66.4bn on Buybacks in July, Reaching 38.8% of Its ¥500bn Cap

    Sony Group has already spent ¥193.9bn, nearly two-fifths of its ¥500bn buyback ceiling, after roughly three months of a twelve-month program that runs to May 2027.

  6. Oasis Management Passes 10% of AEON Financial Service, Reserves Right to Push for Board and Dividend Changes

    Oasis Management's stake in AEON Financial Service climbed to 10.80% from 9.78%, and the fund has told regulators it may push for board removals, asset sales, delisting, or dividend policy changes within 12 months, plus a possible further 5%-plus purchase within three months if the price looks cheap.

  7. Fuller board rejects shareholder bid to write TSE's ¥10bn market-cap rule into its bylaws

    An individual shareholder wants Fuller Inc. to write Tokyo Stock Exchange's 2030 Growth-market ¥10bn market-cap rule into its articles of incorporation, with a hiring-plan review trigger and a strategic-options mandate; the board rejected it on August 12 and shareholders vote September 28.

  8. DMG Mori Taps Overseas Investors for ¥48.2bn to Fund Poland Plant and Chicago R&D Hub

    DMG Mori is raising about ¥48.2bn from investors across Europe and Asia by issuing 15 million new shares, lifting its outstanding count from 142.3mn to 157.3mn, to expand a Polish casting-parts plant, open a Chicago R&D centre, and hold ¥10bn in reserve for acquisitions, while also redeeming its perpetual subordinated bonds.

  9. Boston Asset Manager GMO Crosses 5% Threshold in Musashi Seimitsu

    Grantham, Mayo, Van Otterloo funded its entire ¥9.94bn Musashi Seimitsu stake with client and fund money, not its own capital, after a summer buying streak pushed it past Japan's 5% disclosure line.

  10. AS One founder-linked holding company to tender 2.5 million shares into buyback

    A real estate-leasing company set up by AS One Corporation's former representative director will tender 2.5 million shares into the group's own buyback, an amended shareholding filing shows, alongside a same-day partial release of bank-pledged shares.

  11. Toyo Tire Buys Out Mitsubishi's Entire 20% Stake in One Trade

    Toyo Tire retired Mitsubishi Corporation as its top shareholder in one August 10 trade, paying ¥111.02bn through an off-auction ToSTNeT-3 buyback and confirming a share cancellation set for late September.

  12. Sapporo Breweries Sets 5% Dividend Target and ¥170bn Buyback Plan Through 2030

    The brewer's fresh four-year plan raises its dividend-on-equity goal to 5%, pencils in about ¥170bn of buybacks and ¥80bn of dividends through 2030, and spreads ¥300bn to ¥400bn of growth money across North American and Vietnamese brewing capacity, Asian distribution and domestic drink investment rather than a single project.

  13. KDDI's Stake in Newly Listed Every, Inc. Falls Below Major-Shareholder Line

    KDDI's voting rights in Every, Inc. dropped from 14.38% to 4.76% on August 4, pushing the telecoms group from second- to fourth-largest shareholder after the company's new listing on the Tokyo Stock Exchange's Growth market diluted its holding.

  14. Recipe App Operator every,Inc. Lists on Tokyo's Growth Market With a Thin Fourth-Quarter Cushion

    The DELISH KITCHEN owner debuted on the Tokyo Stock Exchange Growth Market with guidance for a ¥345mn operating profit, but nine months of results already delivered 93.8% of that figure, leaving little room in the final quarter.

  15. Seven & i's ¥400bn Buyback Comes With a Price Tag Set Later

    Seven & i Holdings landed ¥100,300 short of its ¥400bn share-buyback ceiling in a single Tokyo Stock Exchange trade on August 3, and nearly ¥367bn of that deal carries a placeholder price that SMBC Nikko Securities will true up later against the stock's future trading average.

  16. NRI Cancels 20 Million Shares After Burning Through Nearly Its Whole ¥70bn Buyback in One Quarter

    Nomura Research Institute's quarterly operating profit rose 12% to ¥41.7bn, but the board also burned through nearly all of a ¥70bn buyback and cancelled 20 million shares, cutting the share count by more than 3% in ten weeks.

  17. Yokogawa Bridge Sets ¥2bn Buyback Cap While Folding In a Subsidiary Layer

    Yokogawa Bridge Holdings has cleared a ¥2.0bn share-buyback ceiling covering 2.5% of its stock, and separately approved a merger that dissolves an intermediate holding company and, pending a September shareholder vote, delivers a Sendai precast-concrete unit into direct ownership by October.

  18. Hodogaya Chemical's Korean Unit Files for KOSPI Preliminary Review

    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.

  19. Tokyo Stock Exchange to Delist Showa Holdings Over Governance Failure

    The exchange found no prospect that Showa Holdings, a Standard Market company whose delisting notice is signed by a provisional administrator, can properly build or run internal controls, and will strike its shares from trading on 25 August 2026.

  20. Bull-Dog Sauce Buys Back 2.9% of Its Stock in a Single ¥682.6mn Trade

    A single ToSTNeT-3 off-auction purchase on July 27 used up more than half of the ¥1.2bn share buyback the sauce maker's board approved just three months earlier.

  21. Ureru Net Advertising's Top Shareholder Slips Below 50% on New Share Issuance

    New shares issued for three acquisitions will cut the controlling shareholder's voting stake at Ureru Net Advertising Group from 55.02% to 46.30% on August 10, 2026, stripping a company director of that formal status without him selling a single share.

  22. Soken Chemical Rolls Out Emergency Takeover Defense as Axium Capital's Stake Hits 22.6%

    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.

  23. Oracle Japan to Pay ¥858 a Share After Adding a ¥660 Special Dividend

    Oracle Corporation Japan will hand shareholders ¥110.08bn for the year ended May 2026, more than the ¥24.4bn it paid a year earlier, after layering a ¥660 special dividend onto its ordinary payout.

  24. Oracle Japan Raises Year-End Dividend to ¥858 a Share on a ¥660 Special Payout

    A ¥660 special dividend takes ORACLE CORPORATION JAPAN's year-end payout to ¥110.08bn, versus ¥24.38bn a year earlier, with payment starting August 10, 2026.

Japan Capital and Governance (Page 15) | Tokyo Brief