Mergers, tender offers, buyouts and asset sales involving Japanese companies, in English.
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%.
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.
Seed's remaining minority shareholders face a December 2 vote on a share consolidation that would cash them out at ¥795 a share, leaving Luxshare Precision Cayman and the largest shareholder as owners, with payment targeted for late April 2027.
A Nisshinbo Holdings group company has signed to take over Panasonic Connect's dam, irrigation and flood-warning telemetry businesses for municipalities and power utilities, with closing planned for 1 April 2027 pending approvals and the price undisclosed.
Tamura has finished buying 80% of EMG Power Electric and will make the Italian maker its hub for medium-voltage dry transformers, with EMG's earnings consolidated from the fourth quarter of the year ending March 2027.
Futaba Corporation has agreed to buy 91.9% of an Iwate-based surface-drone maker for ¥698mn including estimated costs, with the transfer planned for October 30, to pair it with its aerial drones; the effect on results is called minor.
Ferrotec will pay 150mn yuan (about ¥3.6bn) in cash for a 46.7% stake that lifts its holding in Chinese showerhead maker AMTD to 67.6%, with the transfer planned for 30 November; AMTD lost ¥352.1mn at the operating level in the year to March 2026.
Mitsubishi Electric will keep 49% of its distribution and control equipment business after a planned ¥82.4bn sale of 51% to ABB's Japanese unit, with completion targeted for October 2027 pending antitrust and other approvals.
Mitsubishi Electric has agreed to sell 50% of its auto-equipment subsidiary to Hon Hai's investment arm for ¥115bn, with closing planned for October 2027 and a ¥100bn impairment expected in the year to March 2027.
Holders tendered 13.1mn shares, enough to complete Luxshare's ¥795 offer for Seed, but the bidder will hold 43.29% of the votes after October 20 settlement and still plans a squeeze-out and delisting.
Omron will pay $675mn on an enterprise-value basis, mainly from cash on hand, for Vermont-based OnLogic and its parent, which sells made-to-order industrial PCs directly to customers, mostly outside Japan.
OKI finished folding its ATM development and production into a venture with Hitachi on October 1, taking 60% and consolidating it, while the price of the 27,680 shares bought from Hitachi stays confidential.
Omron has completed the transfer of all Aratas shares to a subsidiary of a Carlyle-formed company and invested to hold 5% of that buyer's parent, leaving it with an indirect stake rather than a direct holding in the divested device and module business.
Nidec has signed a ¥103bn sale of all of Nidec Components to a Carlyle-linked vehicle, with transfer due on 1 December 2026 and the effect on consolidated earnings still being examined.
Japan Display expects a ¥51.4bn consolidated gain from selling its idled Mobara plant to a Nagano-based manufacturer, but the price is withheld at the buyer's request and handover is scheduled for 31 March 2027.
AVALDATA Corporation will pay ¥690 in cash per share, a 112% premium to the prior close, to absorb a smaller Tokyo-listed maker of image-compression technology that was already set to lose its listing over a free-float shortfall before shareholders vote on the buyout in November.
Tokyo shortened the foreign-investment waiting period on Luxshare Precision Cayman's bid for Seed, letting purchases start September 4 and dropping one withdrawal clause tied to that review, while the ¥1.93bn dividend guardrail and the offer's price stay exactly as announced on August 27.
Twinbird's board opposed Japanet Holdings' tender offer proposal, and Twinbird says Japanet's own September 2 statement made clear the deal has been withdrawn; the two companies dispute how the talks unfolded.
OKI's ATM joint venture with Hitachi now has a provisional name, a Tokyo headquarters address and a president and vice-president lined up from each parent, but capital remains undecided and the October 1 launch still needs antitrust and foreign-investment clearances.
Ryuji Arai, who also chairs electronics retailer Bic Camera, has agreed not to sell his 48.80% stake in Seed Co. into Luxshare Precision's tender offer, and struck a deal to hold 51% of the voting rights once the company goes private, leaving Luxshare with 49%.
Japanet built its buyout offer to require Twin Bird's own board approval, and the board just refused, citing up to ¥8.7bn in five-year mass-retailer sales risk and an unproven private-label pitch.
Luxshare Precision's Cayman unit is bidding ¥795 a share for Tokyo-listed Seed, but the buyout leaves the company's largest shareholder, not the Chinese buyer, holding 51% of the voting rights once the shares go private.
Japan Display finished handing over its shuttered Tottori factory more than a month ahead of schedule and expects to book a roughly ¥500mn gain in the half-year results to September 2026, while moving its automotive-display R&D staff to a new local office a month later.