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Japan Capital and Governance (Page 20)

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

  1. Medrx converts 6.13% of new warrant issue into shares in June

    The Tokyo Growth-listed company delivered 906,000 new shares in the first month of a June 5 warrant issue, while rights linked to 13,876,000 shares remained unexercised at month-end.

  2. unerry appoints Nagisa Kuraoka CFO as it shifts to group management

    The July 1 reshuffle makes Nagisa Kuraoka CFO and adds Satoshi Ichieda and Masato Sakata as executive officers, with unerry saying it needs faster decisions for group management and subsidiary PMI.

  3. HOYA sets three-year PSU awards for CEO, CFO and CSO

    The move: HOYA has set a new three-year PSU award for its CEO, CFO and CSO, with a maximum 22,200 shares and a half-stock, half-cash structure that leaves the final value to be fixed in 2029.

  4. Chiba Bank pairs a ¥19.54bn dividend with a ¥25bn reserve shift

    The move: shareholders approved a 28 yen year-end dividend worth ¥19.54bn and a ¥25bn transfer into general reserve, while re-electing president Tsutomu Yonemoto and a 10-director slate.

  5. NPT sets July 29 final trading day after shareholders back delisting

    Shareholders approved NPT's TOKYO PRO Market delisting application, putting July 29 as the last planned trading day before depository handling ends and brokers stop accepting related requests after delisting.

  6. Nihon Yamamura Glass approves ¥75 dividend as shareholder seeks pricing committee

    A ¥802.4mn year-end payout and a five-director slate were approved, while a shareholder proposal sought to write a special committee on price optimization and earnings stabilization into the glass maker's articles.

  7. Forval RealStraight shareholders approve seven-seat director slate

    Shareholders backed four directors, including President Naoki Haga, and three Audit and Supervisory Committee members, but the filing does not say whether the lineup marks continuity or a deeper governance change.

  8. Taiyo Kagaku shareholders approve nine directors and audit appointments

    The June 26 annual meeting cleared a nine-member board, one Audit & Supervisory Board member and a substitute, setting the company’s formal post-meeting governance lineup.

  9. Solekia shareholders approve ¥70 a share payout and 12-director slate

    A ¥60.5mn cash dividend became effective on June 29 after Solekia's annual meeting also signed off on 12 directors.

  10. SBI Shinsei Bank becomes Fukushima Bank major shareholder after share transfer

    Fukushima Bank says its largest shareholder transferred all of its shares to SBI Shinsei Bank on June 30, changing the direct holder of the stake without disclosing a price or wider strategic rationale.

  11. Sumitomo Seika shareholders approve six directors and two audit committee directors

    The chemicals group's annual meeting backed current president Yoshiaki Oda as part of an eight-seat board slate, with no other agenda items visible in the disclosure.

  12. Japan Asia Investment-led eole bloc lifts disclosed stake to 29.93%

    A three-holder bloc now discloses 15,402,330 shares and related securities in eole after Dynamic Solution Group lifted its own ratio above 10%, while the amendment also flags changes to collateral arrangements.

  13. Sakae Electronics shareholders approve ¥11 dividend and governance slate

    Sakae Electronics won approval for a ¥55.9mn cash payout, effective June 29, and for five directors plus one corporate auditor, though the packet excerpt does not show a readable vote breakdown or identify the elected slate.

  14. Hayashikane Sangyo approves ¥351.1mn dividend and six-director slate

    Shareholders approved a ¥43-a-share cash payout, effective June 29, and elected six directors, turning routine annual-meeting paperwork into a binding cash-return and governance outcome.

  15. Sega Sammy to settle former officers' stock awards with 22,300 treasury shares

    Two former overseas group officers are set to receive 19,900 of the shares, while the performance-share leg of the plan can vest anywhere from 0% to 200% of target.

  16. Masaru Kurihara’s voting block at Kokan Dekirukun stands at 59.97%

    The TSE Growth company says most of that control sits in indirect and family-linked holdings, while no transactions with the controlling shareholder were reported.

  17. CHINO lifts payout plan after early target wins, but capital costs still outrun returns

    The Tokyo-listed company now forecasts ¥32.5bn in sales and a 45.7 per cent payout ratio for the year ending March 2027, yet says higher beta and interest rates pushed both ROE and ROIC below its capital-cost hurdle.

  18. HOKKAIDENKO shareholders approve ¥207.2mn year-end dividend

    Shareholders approved a ¥10-a-share year-end payout at the June 26 annual meeting, confirming a total distribution of ¥207.2mn, while the source text provided here offers no payment date or wider operating update.

  19. KOSAIDO shareholders approve ¥986.3mn dividend, but charter change details are unclear

    Shareholders approved a 6.67 yen per-share payout effective June 30, while the available annual meeting disclosure confirms an articles amendment without showing what changed.

  20. Koukandekirukun shareholders approve move to a holding company structure

    The June 29 meeting signed off on an incorporation-type company split and articles changes covering a trade-name switch and revised business purposes, but the excerpted filing omits the new name and timing.

  21. Cluster Technology shareholders approve director and audit committee slates after stronger year

    The June 26 vote backs four directors and three audit committee directors as the company reports ¥1.30bn in sales, ¥125.47mn in net income and a dividend increase to ¥6.00 a share for the year to March.

  22. Sakurasaku Plus director shifts 70,000-share pledge, joint stake stays at 6.16%

    A new 70,000-share pledge with Tokai Tokyo Securities and the release of an earlier Daiwa pledge altered the collateral tied to Syuhei Morita's holding, not the size of the joint stake.

  23. Fidelity’s Tocalo stake cut looks new, but dates to 2018

    Tocalo’s disclosed 10.26% Fidelity holding reflects an August 2018 change, while a filer-name fix and EDINET’s five-year limit make it appear fresh in 2026.

  24. SINKANURSE pitches listing as a hiring tool, targets 48 more nursing assistants

    The healthcare recruiter says public-company visibility should help fill a chronically under-recognised hospital support role, with ¥1.022bn in sales and ¥43mn in operating profit targeted for the year ending December 2026, but any move to a wider TSE market is still undated.

Japan Capital and Governance (Page 20) | Tokyo Brief