Share buybacks, offerings, activist stakes, shareholder votes and board changes at Japanese companies.
Toho Holdings filed an objection on October 6 to the Tokyo District Court's September 18 provisional order blocking a free share-warrant allotment that shareholders approved in June as a defence against 3D Investment Partners.
Strategic Capital, holding an unchanged 13.67% of GungHo Online Entertainment, lists a third-party buyout, a dividend increase, a treasury-share buyback from specific shareholders with resale to Sony Music Entertainment, and board changes if the company stays listed.
Tokai Kisen president Junichi Yamazaki will resign on October 31 over the transport bureau's October 2 action, handing the top job to Yoshinori Kurasaki, while nine officers return part of their monthly pay.
Rakuten Group plans a ¥360bn unsecured bond maturing in April 2032, with a coupon range of 3.800% to 4.600% to be fixed on 16 October and payment on 29 October, and an A- rating from Japan Credit Rating Agency planned for 16 October.
Link-U Group has set October 8 for payment on 1,071,900 new shares at ¥856, worth ¥917.5mn, after Crunchyroll's required foreign-investment notification procedures were completed; the issue still depends on its registration statement taking effect.
Sony Group spent ¥26.0bn buying back 6.89 million of its own shares in September, taking cumulative purchases under its ¥500bn authorization to ¥263.4bn as of September 30.
Oasis Management says it holds 22.60% of Infomart and has already proposed asset disposals, director appointments, board changes and discontinuing part of a business, while listing mergers, delisting and majority control among matters it plans to raise within 12 months.
A major BASE shareholder has told the company it will buy again from October 2 to push its holding past 30%, after a disagreement over management support, while the board keeps backing SBI Holdings' extended tender offer and stays neutral on tendering.
IPS, Inc. will issue 1,263,500 shares through Mizuho, with up to 189,500 more tied to an over-allotment, and says net proceeds of up to ¥5.49bn will go to a roughly ¥23bn Wakayama cable project whose final cost to IPS remains open.
Rakuten Group's 72.35% holding in Rakuten Bank includes 181,470,943 non-voting Class A shares, and an agreement with the bank requires its consent before they convert to common stock unless the group's votes stay at 50% or less.
Having used up its ¥30bn buyback early, Hankyu Hanshin Holdings raised the ceiling to ¥50bn and 12mn shares, 5.16% of shares outstanding excluding treasury stock, and moved the end date from October 2026 to March 2027.
New shares would raise HENNGE up to ¥2.36bn net, counting the over-allotment-linked allotment, while its president and two other holders sell 1.38mn shares for themselves ahead of an approved move to Prime.
Five holders now report 59.01% of Hyuga Primary Care together, up from 28.56%, after joint holders were added around JG44's planned tender offer and squeeze-out; the filing lists no trades in the past 60 days.
A sole share transfer created a pure holding company above Kyushu Electric Power on October 1, the same date its former chairman and president took the same posts at the parent and a 1990 joiner became the utility's president.
Toshin Holdings' rehabilitation plan would swap an estimated ¥635mn of interest and penalty claims for Class A shares, cutting founder-linked votes to about 26%, with creditors voting from October 29 and cash tranches unfilled.
Infroneer plans to issue 47.8 million new shares, with estimated net proceeds of up to ¥147.24bn, of which ¥117bn is earmarked to repay short-term loans from two acquisitions by December; pricing falls between 21 and 26 October.
A fund run by JIC Venture Growth Investments bought 619,700 Cuorips shares at ¥4,841 each in a third-party allotment, paid from its own fund money, and says it is a pure investment with no significant proposals.
Oasis Management says it plans to add more than 5% to its Shibaura Machine holding within three months of 24 September, conditional on price, after lifting its stake from 9.02% to 10.14% and citing serious governance defects.
JBIC priced a seven-year, €1.5bn euro bond guaranteed by the Japanese government at 99.946, for a 4.000% coupon and a 4.009% investor yield, with payment due on 8 October 2026.
Allganize Holdings' proposed Tokyo Growth listing would put 2,954,900 existing shares on sale beside 658,100 new ones, with trading scheduled for 4 November and all values based on an assumed ¥1,250 price.
Kobe Bussan resolved to issue a zero-coupon ¥60bn convertible, with about ¥30bn for an airline-catering acquisition and ¥30bn for a buyback of up to ¥40bn, starting with a ¥2,969-a-share order on 30 September to absorb hedge selling.
Oasis Management now holds 21.36% of Infomart and says it plans to raise that by more than 5% within three months of 17 September, price permitting, while listing delisting and a majority purchase among matters it may raise.
Nippon Paper's sale of Lintec Corporation shares is expected to add an estimated ¥84.6bn gain to the parent company's own accounts, but only ¥37bn once consolidated with its group results, alongside a ¥3.6bn deferred-tax reversal.
Kakaku.com dissolved its eight-year capital alliance with KDDI on September 28, stripping the telecom group of its board-nomination and pre-consultation rights, even though KDDI keeps its 17.70% stake and the underlying data-sharing business alliance.