Mergers, tender offers, buyouts and asset sales involving Japanese companies, in English.
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.
Obayashi completed its purchase of BCI UK Holdings on October 30, bringing 11 Multiplex group companies in Australia, the UK and Canada under its ownership; the filing gives no purchase price.
Azbil agreed to buy 2,387,000 OTEC shares at ¥3,000 each, lifting its stake from 4.79% to 20.04%, with settlement planned for early November once the Japan Fair Trade Commission clears the deal.
Obayashi's board approved a 90% stake in Lightyears-linked LYOC1, with NZ$74mn of total investment to be paid in stages as solar projects reach milestones and regulatory conditions are met.
Optorun's board resolved to dissolve and liquidate NLT, its 58.8%-owned nanoimprint venture with AIMECHATEC and JSR, with liquidation expected around February 2027, the loss still under review and both partners expecting a minor effect on results.
Nittoc Construction signed on September 28 to buy a Kanagawa ground-reinforcement contractor with ¥3.52bn in sales, with the price undisclosed and the transfer scheduled for November 30 after a merger and property carve-out.
Komori has bought all of Maruyama Chiller, a maker of chillers for semiconductor equipment, for about ¥26.46bn including fees, and renamed it KOMORI Precision Technologies; its standalone net profit was ¥364mn in 2025.
Niterra will cancel its purchase of Denso's spark plug and exhaust sensor businesses after Denso asked to terminate the contract, and says the effect on current-year guidance is minor while it re-examines growth investment in its 2030 plan.
Logos Holdings' new subsidiary, renamed Courage Home, took over Aera Home's custom-home assets, liabilities, contracts and employees on 1 October after court approval, with renovation and franchise operations excluded and the earnings effect still under review.
Tsukishima Holdings shareholders would receive 0.88 Mitsubishi Kakoki shares each under an April 2027 plan that ends in a single holding company; both sets of shareholders are scheduled to vote on December 4.
IHI will sell all of Steinmüller Engineering to a Mutares subsidiary in mid-October, expecting about ¥14bn in consolidated other expenses and a ¥17bn standalone loss, with the sale price undisclosed and its full-year forecast unchanged.
Lumina Japan Acquisition paid ¥165bn in cash, no borrowing, for a 72% stake in Nippon Sheet Glass at ¥450 a share, then pledged those same shares to a fourteen-bank lender group tied to refinancing the glassmaker's debt ahead of a September 30 squeeze-out.
A ¥165bn share allotment gave Lumina Japan Acquisition, an Apollo-advised holding vehicle capitalized at ¥5,000, 72.04% of Nippon Sheet Glass's votes on August 31, and a share consolidation now sets the company up to meet TSE Prime delisting criteria by September 28, with minority holders cashed out at ¥500 a share starting in late December.
SUMCO's August 20 share sale on Taiwan's stock market cut its voting stake in wafer maker FST to 38.0%, pushing the unit off SUMCO's consolidated books and onto equity-method accounting from the end of September, with the earnings effect still under review.
Regulatory clearances are done for Apollo's ¥165.0bn recapitalization of Nippon Sheet Glass, and the company now has a dated sequence: payment on August 31, delisting on September 28, and a share consolidation on September 30 that leaves the Apollo-backed vehicle as sole shareholder.
Sanden expects to book an estimated ¥3.3bn gain after agreeing to sell its Gunma production plant to a J-REIT for ¥8.0bn, with a 15-year leaseback signed to keep the compressor line running.
Nomura Real Estate Master Fund is paying ¥8.7bn, cash, for an 87-room Akasaka hotel appraised at ¥10.93bn, with rent tied entirely to the operator's gross operating profit in a property where 95% of guests already come from abroad.
Sanden is selling its Gunma manufacturing complex to Industrial & Infrastructure Fund for ¥8.0bn, nearly double book value, and booking a roughly ¥3.3bn gain while signing a 15-year leaseback to keep the plant running.
Niterra will absorb about ¥15bn in exit costs to unwind its 2015 purchase of Wells Vehicle Electronics, selling the Wisconsin repair-parts business to a new Omega Acquisition Corp subsidiary while a liquidation tax break is expected to add roughly ¥3bn to net profit.
Kanagawa Denryoku, the solar-power subsidiary of Oizumi Corporation, is spending about ¥1.1bn on two small hotels in Atami and Ito as falling feed-in-tariff rates and expiring purchase contracts squeeze its renewable-energy returns.
LOGOS Holdings will absorb distressed homebuilder Aera Home into a new subsidiary on Oct. 1, keep its name and its outgoing chief, but the sponsor deal discloses no purchase price.
The move: TCG2511's tender collected 14.16mn shares, enough for a 52.81% voting stake from July 6. The catch: because ALSOK keeps 16.41%, the buyer plans follow-on steps to leave only the two holders on the register and take the fire-safety equipment maker off the TSE Standard market.
Makino says the new approach from Nippon Sangyo Suishin Kiko is under review by a special committee and remains short of any company decision.
The company will place 2,329,100 treasury shares with Japan Activation Capital-serviced funds and use the ¥12,091,003,600 net proceeds for a market buyback of up to the same size. The authorization runs from July 9, 2026 to March 31, 2027 and is expected to start only after Hoshizaki's current buyback program ends, so the anti-dilution logic is clear even if the full offset is not guaranteed.