Share buybacks, offerings, activist stakes, shareholder votes and board changes at Japanese companies.
Hokkaido Electric's first public hybrid bond fixes a 3.393% coupon until 2033, runs to a 2063 maturity, and gives the utility discretion to defer interest payments, terms that let R&I and JCR count half the ¥80bn issue as equity rather than debt.
Mercury AIFLNP wants Pasona to buy back founder Yasuyuki Nanbu's roughly 48% voting stake unless the board adopts a family-governance policy within three months, but Nanbu has told the company he won't sell, and Pasona's board calls the proposal legally toothless.
MicroAd used a one-day ToSTNeT-3 trade to buy 1,020,400 shares, 3.71% of shares outstanding, from affiliate CyberAgent for ¥600.0mn, aiming to soften dilution from a new convertible bond and stock awards, while CyberAgent pledged to keep the rest of its stake long-term.
Meiko Electronics will hand the Development Bank of Japan ¥7.11bn on August 5 to buy back and cancel its last outstanding preferred shares, a balance-sheet cleanup after stronger automotive and satellite circuit-board sales, with common shares outstanding unaffected.
Astroscale Holdings has extended its unsecured overdraft facility with Mizuho Bank to June 2029 at the same ¥3bn limit, but the deal requires the loss-making satellite-servicing company to keep at least ¥5bn in cash and near-cash assets on hand at all times.
MicroAd is funding an in-house AI system and acquisitions with ¥2.2bn in convertible bonds routed through an Aozora Bank-financed trust, then buying back shares from affiliate CyberAgent at ¥588 to soften potential dilution of 3.58 million new shares.
Be Brave Inc. built a ¥3.78bn position in Chofu Seisakusho and wants the maker to sell policy shares and rental property to fund buybacks and dividends while lifting a share price stuck below book value.
Nippon Active Value Fund and Dalton Investments now hold a combined 5.00% of Intage Holdings after a fresh large shareholding filing, reviving a December letter that urged the market-research group to weigh privatization, spin-offs and cost-of-capital-conscious management before deciding how to spend cash.
Tokyo-listed fintech unbanked dismissed president Hu Yan on July 17 over claims he ordered the company's auditor out of a board meeting, disclosed that some of its own directors doubt the vote's legality, and now faces a shareholder request to dismiss the entire board, including his successor, Yasuto Hirai.
Mitsubishi UFJ Financial Group registered ¥257bn of new 10-year subordinated bonds in two same-day filings, yet ¥227bn of that debt is left out of its own shelf-usage tally until the notes settle on July 31.
The Tokyo-registered issuer is pulling ¥35bn of two-year, ¥55bn of five-year and ¥30bn of ten-year unsecured bonds from a ¥500bn debt program that had ¥350bn of headroom left before this filing.
The London-based activist fund sold ¥31.49bn of Nikon shares between mid-June and mid-July, dropping its stake from 7.08% to 6.06%, while its regulatory filing still reserves the right to press for bigger dividends, buybacks and board changes.
STYLE BLEACH borrowed the entire ¥2.16bn behind its new 5.07% stake in Nippon Chemical Industrial from a Singapore-based lender, and it has told regulators it may push for anything from higher dividends to taking the company private.
Shofu booked an ¥832mn gain selling cross-held shares in July, pushing its cumulative gain for the year to March 2027 to ¥1.96bn, with earnings guidance unchanged for now.
Hankyu Hanshin Holdings hit the yen cap on its May-approved share buyback by July 15, spending close to ¥30bn on 6.55 million shares and finishing more than three months before the October 29 deadline it had set.
MTM Capital, holding 13.14% of the regional newspaper publisher, has asked the Chiba District Court to block a board-approved rights allocation it calls an unfair takeover defense; Chiki Shimbunsha says its twice-ratified governance history makes the challenge groundless.
BitcoinJPN, the company formerly known as textile wholesaler Marusho Hotta, is issuing convertible bonds and warrants to EVO Fund worth up to ¥9.7bn, with a conversion price that resets every two trading days and no ceiling, to fund a rare-earth mine, a robot-rental unit and more bitcoin after its first warrant round this year raised barely half its target.
Yamato Holdings' board has set up a six-member Corporate Value Enhancement Committee, five outside directors plus CEO Toshiyuki Sakurai as chairman, tasked with reviewing past investment decisions and drafting market-facing action plans outside the time and procedural limits of its normal board meetings.
An apparel and e-commerce group borrowed the full ¥2.16bn cost of a new activist stake in chemical maker Nippon Chemical Industrial, and its regulatory filing lists dividend hikes, divestitures, consolidation and a management buyout among the changes it wants.
Mizuho Financial Group is selling ¥209bn and ¥81bn tranches of unsecured perpetual bonds carrying debt-exemption and subordination clauses, the latest draw on a ¥3tn shelf registration filed with Japan's Kanto Local Finance Bureau.
Daimler Truck AG and Toyota Motor Corporation are selling down a combined 787.9 million ARCHION shares at an indicative ¥250 to ¥300 each, a stake sale worth up to roughly ¥236bn before an over-allotment option pushes it higher.
V-cube's board is repaying ¥1.1bn in borrowings through a placement of 24 Class V preferred shares to AVA3 HD Co., Ltd., but the shares vote on every matter at general meetings just like ordinary stock, giving the buyer a governance foothold beyond the size of the deal.
Toyota Motor and Daimler Truck AG are selling down about 788 million ARCHION shares at a preliminary ¥250 to ¥300 each, split almost evenly between Japan and overseas buyers, with the final price capped at 95% of the stock's close on the pricing date set for sometime between July 22 and 27.
CHIIKISHINBUNSHA says MTM Capital and its allies quietly built a 30.95% voting stake without filing the disclosures its takeover-defense policy requires, and the two sides are now trading tender-offer and defamation threats ahead of MTM's planned mid-August bid.