Mergers, tender offers, buyouts and asset sales involving Japanese companies, in English.
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.
SBI Holdings is offering ¥340 a share for up to a fifth of BASE, a price it raised twice after the e-commerce platform pushed back, and the tender is structured to create an affiliate stake rather than take the company private.
Kakaku.com's private-equity suitor raised its tender price by one yen to ¥3,571 and pushed the deadline to September 10, but a shareholder tender pledge with Oasis expired after the proposer missed its own price-match window, leaving that holder's participation undecided.
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.
Ichibanya, operator of the CoCo Ichibanya curry chain, and House Foods Group, named in a Nikkei report about a sale of Ichibanya shares, both confirm a review that includes taking the restaurant company private, but neither will verify the report itself.
Itochu will buy out Dentsu Soken's minority shareholders and fold the IT consultancy into a joint venture with Dentsu Group, which keeps its 61.78% stake rather than selling.
Sony Music Entertainment will buy a 23.29% voting stake in GungHo Online Entertainment for ¥28.6bn from asset manager SON Financial, taking over as the mobile-game maker's largest shareholder, with veto rights limited to share moves that would dilute its stake below 22.65% before the deal closes in December.
Nippon Prologis REIT is selling an underoccupied Ibaraki warehouse for ¥8.7bn, ¥2.8bn above book value, and separately approved a ¥10bn unit buyback and a higher distribution forecast on the same day.
Denso is exiting head-up-display manufacturing in Japan, China, Spain, the US and Mexico, handing its production equipment and related intellectual property to Nippon Seiki in an undisclosed cash deal capped at 1% of the buyer's net assets, with closing targeted for February 2027.
Selling 51% of its electricity retailer to a Hikari Tsushin unit will cut Remixpoint's revenue guidance by over a third, but a one-off gain lifts its profit guidance by a similar margin, and the roughly ¥18bn freed up is earmarked for grid-scale batteries and acquisitions.
An Itochu-controlled vehicle has offered ¥2,880 a share for Dentsu Soken, with parent Dentsu Group keeping its 61.78% stake instead of selling out, and the company plans to cancel its year-end dividend if the tender offer succeeds, matching the deal's pricing assumptions.
ITOCHU Corporation says a Nikkei report of a planned tender offer didn't come from the company itself, but confirms its board is meeting the same day and will disclose any decision it reaches, promptly.
Kamgras 1 raised its tender offer for Kakaku.com by one yen to ¥3,571 a share, a revision that legally resets the clock to September 10, coming a week after rival bidder Bain Capital's tender pact with shareholder Oasis lapsed unused on August 20.
ITOCHU has offered ¥2,880 for every Dentsu Soken share not already held by parent Dentsu Group, and the IT consultancy's board is already recommending investors accept.
JINUSHI's board approved selling three land parcels worth ¥11.39bn to a Mitsubishi HC Capital-backed fund, a sale into a vehicle meant to speed up land purchases while JINUSHI keeps the property-management fees.
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.
Kamgras 1 KK nudged its Kakaku.com tender to ¥3,571 a share and stretched the deadline to September 10, but the real shift is that rival bidder BCPE Blitz Cayman's tender pact with 19.52% shareholder Oasis Management expired on August 20 after BCPE declined to raise its own price, freeing Oasis's stake for now.
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.
Kasumigaseki Capital has agreed to sell the Miami development site meant to launch its US business, at a price worth at least a tenth of last year's revenue, with settlement due the day after signing and the buyer and exact figure kept confidential under an NDA.
ORIX JREIT is trading ¥35.1bn of buildings averaging 37 years old for ¥132.3bn of assets averaging 11.6 years, with some deals still due to close by 2028, chasing dividend-per-unit growth above 3% a year with barely any change to headline yield.
Hodogaya Chemical closed its takeover of Hungarian API maker Framochem on August 25, giving Japan's original phosgene producer a European manufacturing base for the first time, though the earnings effect for the year to March 2027 is still under review.
Dai Nippon Printing has 96.55% of Austria's AustriaCard Holdings tendered at a value of about €351mn, clearing every regulatory hurdle except Austria's own foreign-investment approval, with a squeeze-out and delisting from Vienna and Athens already planned once that arrives.
ART VIVANT's own chairman set up a ¥5,000 holding company that picked up 59.73% of the Tokyo-listed retailer in a tender offer; combined with the chairman's other holding vehicle, insiders now control 94.02%, enough to push the company toward delisting.
Orchestra Holdings is swapping stock, not cash, to take full ownership of Sharing Innovations, delisting the shrinking Growth-market subsidiary by late November and ending a costly parent-child listing arrangement.