Mergers, tender offers, buyouts and asset sales involving Japanese companies, in English.
Terra raised its take-private offer for Satsudora Holdings from ¥1,220 to ¥1,260 a share after four shareholders holding 24.91% of the drugstore chain signed irrevocable tender pledges, and the board voted again to back the higher price.
Kaga Electronics lowered the minimum acceptance level in its ¥1,580-a-share tender for Shinko Shoji from 66.67% to 55.73% of shares and pushed the deadline to August 3, after Shinko Shoji's stock traded above the offer price.
Japan Hotel REIT is selling The Beach Tower Okinawa for ¥30.9bn, about five times book value, and using the ¥24.1bn gain to buy a fixed-rent Osaka hotel and lift its per-unit distribution 7.8% to ¥5,580.
EQT's buyout vehicle for Kakaku.com lifted its tender offer to ¥3,450 a share and pushed the deadline to August 3, betting that Bain Capital and LY Corporation's rival ¥3,500 headline price is unworkable under KDDI's existing non-tender contract.
Medipal Holdings' stake in PALTAC has climbed to 97.79% after a completed tender offer, and it is now forcing out the rest of the shareholders at ¥6,650 a share, a move that will end PALTAC's Tokyo Stock Exchange listing next month.
Katsu Corporation, the holding company tied to Art Vivant founder Katsumi Nozawa, has agreed to keep its 33.76% stake out of Orsay Co.'s buyout tender while promising to vote afterward for a squeeze-out that would leave only Orsay and Katsu Corporation as shareholders.
Seven & i Holdings says discussions on a Polish convenience-store investment are real, but nothing has been decided, after media reports the company did not authorize.
Kobe Bussan paid about ¥1.68bn for a 13.28% stake in Makiya to cement a franchise alliance, but it signed a standstill barring further accumulation above the closing-level ratio, plus a lock-up and right of first refusal favoring Makiya.
The Hiroshima chemicals group is handing its 20.7% stake in Zhejiang Huayuan to co-investor Zhejiang Shenghua for roughly ¥3.48bn, freeing money for its mobility, AI and environmental materials push while it keeps buying pigments from the venture it is leaving.
Japan's biggest reuse retailer is buying Garage Bank, whose cashari app lets users cash out possessions via leaseback instead of selling them, even though the startup lost ¥242.6mn last year on ¥1.05bn of revenue.
Hitotohito Holdings is buying Saitama security-staffing firm SPD for ¥3.16bn, funding the whole deal with bank debt that carries covenants tied to the target's own cash flow and net assets from 2028 onward.
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.
Daito Pharmaceutical is folding into a new joint venture to absorb Kyorin's generic drug business while telling lawmakers that three straight years of annual price cuts have made its dominant Parkinson's disease tablet impossible to produce at a profit.
East Japan Railway is lifting its holding in traction-equipment maker Toyo Denki Seizo to 20% through a ¥1.16bn treasury-share placement, and the supplier is sweetening its dividend even as it guides for a double-digit profit drop next year on China's rare-earth export curbs.
Closing the Aethon acquisition on July 14 pushed five entities over the 10% capital threshold that makes them reportable specified subsidiaries, from a $2.2bn Houston holding company to a $142mn Delaware asset-holder.
CyberStep Holdings is returning the AI subsidiary it fully absorbed in January after deciding the ¥1.25bn deal's original business assumptions no longer hold, and the seller is sending back every yen.
Nippon Paint says a Bloomberg report on its bid for AkzoNobel's architectural paint unit is accurate at €7.5bn, but insists no acquisition has actually been agreed.
Katsumi Nozawa's Orsay vehicle is offering ¥1,900 a share for Art Vivant, up from the ¥1,670 that failed to clear its minimum threshold last year, and this time top shareholder Hiroyuki Maki has signed a pledge to tender his full 39.93% stake.
Yoshinoya's US subsidiary is paying $28.7m for 70% of Kizuki International, with more than a quarter of that funded by 380,500 newly issued treasury shares rather than cash, plus an earn-out tied to Kizuki's results through 2029.
Daicel is committing roughly ¥2bn to a 50-50 joint venture with Formosa Plastics in Kaohsiung to supply Taiwan's semiconductor industry, but Formosa's own board has not yet signed off, and the plant won't start operating until January 2029.
Japan Post Insurance wants to hand decades-old, pre-privatization underwriting risk to a reinsurance vehicle SCOR would build and run, taking a stake capped below half the voting rights, but the companies have signed only a memorandum, not a final deal.
Fujikura and its China unit will hand over their full 60% holding in a Wuhan optical-fiber preform venture to co-founder FiberHome Telecommunication for ¥7.97bn and ¥3.99bn, with the deal closing by late September 2026.
A ¥162.7bn loan-funded tender offer has taken Medipal Holdings' stake in PALTAC past 90%, and the wholesaler now plans to force out remaining shareholders at the same ¥6,650-a-share price.
Storage-Oh's board has told shareholders to tender into Arealink's ¥1,340-a-share offer, a 42.25% premium over the pre-announcement price, with major holders already locked in and a squeeze-out ready for anyone who holds out.