Mergers, tender offers, buyouts and asset sales involving Japanese companies, in English.
CyberStep recovered its full ¥1.25 billion purchase price after cancelling January's takeover of contact-centre firm 3rd, and admitted two price-protection side deals should have been disclosed when they were signed, not held back until this week's filing on the unwind.
Tera and two allied holders now control 86.23% of Satudora Holdings after a ¥9.19bn tender offer, and plan to force out remaining shareholders through a share consolidation vote expected in early November.
A U.S. semiconductor-metrology company now holds 27% of the Tokyo-listed instrument maker after a Carlyle-linked fund's voting stake fell from 27.29% to 0.29%, while a separate asset manager crossed the 10% disclosure threshold the same week.
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.
Kirin Holdings will pay CAD45.75 a share, about ¥218.3bn in total, for full control of Jamieson Wellness, extending its health science push into North America after building a base in Asia and Oceania through Blackmores and FANCL.
Digital Hearts' own chairman is using a new holding company to buy out public shareholders at ¥1,060 a share, and the board has already zeroed out next year's dividend to make the offer's math work.
Kaga Electronics's stake in fellow electronics trader Shinko Shoji jumps from 1.74% to 72.45% after its tender offer cleared the minimum threshold, and a squeeze-out to delist the target from the Tokyo Stock Exchange comes next.
JPMC's board scrapped this year's dividend the same day it backed a take-private tender offer priced on the assumption shareholders would get no payout at all.
Bain Capital and LINE Yahoo have offered ¥3,520 a share for Kakaku.com, beating Kamgras 1's ¥3,450 bid, and Kamgras 1 has extended its own tender offer to August 17 as the board weighs which deal to recommend.
A company that does not yet legally exist plans to issue 474.2 million shares to become Kyushu Electric Power's parent, and its own filing calls the ¥503.7bn price tag on the deal unconfirmed.
Kamgras 1 pushed its tender offer for Kakaku.com to August 17 and reopened price talks on its ¥3,450-a-share bid after Bain Capital and LINE Yahoo floated a higher counter-proposal.
Nippon Yusen wants full control of dry-bulk carrier NS United Kaiun at ¥10,600 a share, a premium of roughly 37%, but the target's board has voted to cancel this year's dividend only if the tender succeeds, and top shareholder Nippon Steel will accept a lower price in a separate second-stage buyback.
Sumitomo Mitsui Trust Bank is cutting its stake in a ¥1.64tn leasing subsidiary from 84.9% to 45%, Panasonic is exiting entirely, and Fuyo General Lease (40%) and Yokohama Financial Group (15%) are buying in; parent Sumitomo Mitsui Trust Group expects a ¥14.0bn transfer loss when the deal closes on October 1.
Tamron confirms it received a non-binding proposal from Sony to become a wholly owned Sony Group subsidiary and has formed a special committee, a day after a Japanese business outlet reported the approach.
A new offer from a Bain Capital and LINE Yahoo vehicle beats a rival ¥3,450 bid for Kakaku.com, rising to ¥3,640 if the bidder locks in a non-tender pact with KDDI, and forces the target's board back into price talks with the original suitor.
Keywest Network, the buyout vehicle run by Future Corporation's own chairman, is offering ¥2,451 per share and will cancel the year-end dividend once enough shareholders tender, part of a plan to delist the Tokyo IT consultant.
A ¥858mn deal hands Scala control of an unlisted Kamakura software firm whose point-of-sale system runs in about 2,500 mobile-carrier shops, with the AI group betting the real prize is decades of store-operating data, not the software itself.
Yokohama Reito is moving four logistics centers into a trust, selling the beneficiary rights to a Bentall GreenOak vehicle for an estimated ¥5.9bn gain, and leasing the buildings straight back to fund new cold-storage capacity near Haneda and along the Ken-O corridor.
Mitsui & Co. and Penske Corporation have submitted a non-binding proposal to buy out the roughly 27.8% of Penske Automotive Group they don't already own, valuing the New York-listed retailer at $13.8bn.
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.
One REIT is selling its 38-year-old Nagoya Fushimi Square Building for ¥8.01bn in three tranches through March 2027, banking part of the ¥2.9bn gain as tax-deferred reserves so the profit lifts several distributions instead of spiking just one.
Meiji Holdings is selling its loss-making China milk, yogurt and B2B business to a dairy group it partly owns for about ¥7.6bn, while holding onto yogurt intellectual property and its Guangzhou plant, which switches to making cacao products.
Tamura is buying 80% of Italy's EMG Power Electric for about ¥9.5bn through its European subsidiary, adding medium-voltage transformer technology it plans to funnel through an expanding Mexico factory built for North America's AI data-center boom.
Astmax expects to book about ¥650mn in operating profit after selling its 42MW Komoro battery storage project and adjoining land to Hulic, the parent of its largest shareholder, and plans to return as the plant's grid aggregator once it opens in December 2027.