Mergers, tender offers, buyouts and asset sales involving Japanese companies, in English.
TOPPAN plans to tender all 10,446,988 artience shares in the affiliate's own buyback offer for about ¥45.8bn, with a consolidated gain of about ¥3bn and a parent-only gain of about ¥34.9bn if every share is accepted.
ITG-G's ¥2,655 offer for Kadoya runs to November 26 and assumes no non-tender deal with Mitsubishi Corporation or Mitsui & Co; agreement with both would lift the price to ¥2,944, according to the amended filing.
Mitsui raised its Nutrinova stake to 89% on November 12, a completed purchase, while its joint Penske Automotive take-private at $212 a share, decided on October 15, still needs shareholder and regulatory approval.
Digital Garage has agreed with Kamgras 1 not to tender its 20.64% of Kakaku.com at ¥3,700 a share, to back any squeeze-out, and to sell the shares to Kakaku.com afterwards, with part of the proceeds going into reinvestment.
Itochu agreed to take 13,694,600 Bunka Shutter shares from Dalton and two funds, leaving it at 19.43% of voting rights after a November 17 transfer: enough for a consent right over dilution, short of the 20% that lets it recommend a director.
MINKABU THE INFONOID has agreed to sell Livedoor to an SBI Holdings subsidiary for ¥7.5bn and plans to repay its ¥7.02bn of short-term borrowings from the proceeds, subject to a December 11 shareholder vote.
JTEKT closed the sale of seven auto-parts subsidiaries serving European customers on 31 July after taking an ¥18.895bn fair-value loss, while business profit for the half-year rose 52.8% to ¥50.7bn.
SMBC Aviation Capital paid $1.35bn for 4.99% of the votes and 24.99% of the economics in the vehicle that completed the Air Lease takeover in April, while a related unit's ¥471.9bn loan carries an interest-cover floor of 1.5 times.
Kurabo Industries will buy 21.6mn TAUNS Laboratories shares from Trustar funds and TAUNS's president, taking 20.27% of voting rights with a director nomination right and consent rights, while Trustar keeps 23.85% by TAUNS's estimate.
TX1 will hold 90.98% of ProjectHoldings' voting rights when settlement starts on November 18, with SBI Holdings, the CEO and the DY fund all tendering; squeeze-out and delisting steps have yet to be announced.
Skylark will pay ¥12bn for all of Shin-Shin, a Fukuoka ramen operator with ¥1.79bn of sales in the year to March 2026, planning overseas openings and shared supply; closing is scheduled for 30 November.
Tokyo Century has sold 50% of SKY-U to Itochu for $1.946bn, deconsolidating Aviation Capital Group but keeping a 50% stake; the roughly ¥38bn profit effect is expected in the third quarter.
ITG-G Holdings raised its Kadoya tender price to ¥2,655 and extended the offer to November 26, while prices of up to ¥2,944 hinge on buyback agreements with Mitsubishi Corp and Mitsui & Co. that have not been signed.
BCJ-116's ¥4,180-a-share offer for Hokuriku Electric Industry fails below 5,232,600 tendered shares, or 66.67%; shareholders holding 19.06% have agreed to tender, the offer runs to December 23, and settlement is due December 30.
Kamgras 1's ¥3,700 offer for Kakaku.com now matches the rival's unconditional price but trails its ¥3,720 conditional one and the ¥3,757 KDDI threshold Kamgras cites; the offer closes Nov 26 and settles Dec 3.
Morita Holdings will pay €65mn to Mutares for all of Magirus, which reported a €49.2mn operating loss in 2025; completion is planned for May 2027, pending regulatory approvals.
Iida Group Holdings' homebuilding subsidiary closed its all-cash purchase of an operator of 100 or more serviced senior-housing facilities on October 6, though fair values and goodwill are still being worked out.
Hokuriku Electric Industry's board recommends a ¥4,180-a-share Bain Capital take-private, a 71.88% premium to the prior close, with a two-thirds minimum, 19.06% of shares pre-committed and a squeeze-out planned if the offer falls short of full ownership.
Shimadzu's $753mn Tescan purchase, completed on July 10, created ¥127.2bn of goodwill that is still provisional; over the same half-year, short-term borrowings reached ¥110bn and the equity ratio fell to 66.8% from 76.6%.
City Index Fifth lengthened its ¥125,000-per-unit offer for Sankei Real Estate to Nov 30 and moved settlement to Dec 7, after a private-equity fund sent a non-binding proposal at least 5% higher but launched no offer.
Kobe Steel's construction-machinery subsidiary signed a deal to buy 70% of two new CNH-built companies for $700mn on an enterprise-value basis, funded by bridge loans, with closing subject to competition-law approvals and planned for the third quarter of fiscal 2027.
Kadoya Sesame Mills says a rival's re-proposal of up to ¥3,044 a share, contingent on shareholder buyback deals, cannot trigger price talks under its tender agreement, and the board still recommends the offer.
Mitsui Chemicals will buy JSR from JIC Capital funds with DBJ for ¥1.84tn, funded by a ¥1.64tn bridge loan that it says will temporarily lift net debt above four times EBITDA, with closing targeted for the second half of fiscal 2027.
Ferrotec's tender offer for Japan Resistor drew 1,083,273 shares at ¥1,901 each, enough for an expected 87.55% voting interest at the November 12 settlement, with a squeeze-out and delisting planned afterwards.