Mergers, tender offers, buyouts and asset sales involving Japanese companies, in English.
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.
The move: Speee will transfer its renovation and repair DX business into ReFact on August 1 and take a planned ¥1.812bn SOMPO investment in September, leaving the unit 60.7%-owned and consolidated. What is still missing: ReFact's forecast remains undecided.
The move: PCI Holdings will absorb wholly owned PCI Solutions on October 1, rename the parent after the subsidiary and shift out of pure holding-company form, with no merger consideration and only a minor expected effect on consolidated results.
SBI has paid for 3.351mn newly issued shares at ¥275 each, lifting Moi's capital to ¥510.8mn and shares outstanding to 17.317mn.
The move: Blue Incubation will own 14.98% of Petgo after a July 15 share issue and can rise to 19.98% via warrants, funding an app-led push into pet outings across Seibu rail, hotel and leisure assets.
The move: NOK shareholders approved the joint share transfer that would create NOK Group on October 1 and recast both operating companies under a single parent.
The move: Datasection will sell Jach Technology and six subsidiaries to a management-backed buyer for $6,737,111, shrinking the group around AI infrastructure and setting up a special gain once the deal closes.
The move: Kaga Electronics extended its tender offer for Shinko Shoji to July 14, kept the price at ¥1,580 a share, delayed settlement to July 22 and shifted any follow-on shareholder meeting target to late September.
Kaga Electronics extended its Shinko Shoji tender offer to July 14 and pushed any squeeze-out meeting to late September, while saying the ¥1,580-a-share price is not being raised.
The move: Koei Chemical won 98.25% support for its share exchange with Sumitomo Chemical, pushing the deal past Koei's shareholder vote, but the filing adds no new timetable or deal economics.
The catch: ASIAN STAR's Hash Global-backed plan to tokenize Japanese real estate on BNB Chain is unusually detailed, but ¥217.0mn of the potential ¥439.0mn raise depends on later warrant exercises.
A consolidated subsidiary will sell 360,000 DearU shares, or 1.52%, to the Korean parent on July 27 at that day's Korean-market closing price, leaving the final economics floating until the close. On current assumptions the Japan-listed company expects about ¥747mn of special gain in consolidated results, but the figure remains provisional because both share price and exchange rate can still move.
Makino says the new approach from Nippon Sangyo Suishin Kiko is under review by a special committee and remains short of any company decision.
Trial Holdings will, from Aug. 1, move the management business of Trial Golf & Resort out of Trial Real Estate and directly under the parent through a no-consideration internal split. The company says the point is faster decision-making and tighter governance after the Seiyu deal broadened its retail footprint, while the disclosed earnings impact is minor.
Mynet plans to issue up to 871,033 new shares to Zero Gaming, giving it a stake of up to 9.24%, to fund fantasy-sports marketing and app development. The company says it wants to keep dilution below 10%, and if the deal closes it also plans to nominate Zero Gaming's chief as a director at the next annual meeting.
GREE will first spin the operating business of GREE LP Fund JP2 into a new company, GREE Fund Investments, then sell all of that unit to MIXI on July 31 for about ¥17mn while transferring part of a separate LP stake for about ¥300mn. The carved-out package includes ¥66mn of assets and ¥50mn of liabilities, and GREE says its capital ratio in the fund will fall from 45.9% to 26.7%, ending its execution authority if the deal closes as planned. MIXI says the ¥5.455bn vehicle is expected to become a specified subsidiary, with the new manager due to be renamed MIXI Capital Management and the fund due to be renamed MIXI LP Fund 1. The exact LP slice moving from GREE Capital Management is still not separately disclosed, but the broad point is plain enough: GREE is stepping back from control and MIXI is taking it.
The purchase of QLC Produce adds 169 rehabilitation day-service outlets and care-provider software to Tokai's eldercare push, though the buyer says the immediate earnings effect will be small.
The group will absorb Top Engineering into Hirayama on Jan. 1, 2027, with no merger ratio because both units are wholly owned. Management says the point is to combine manufacturing-floor improvement know-how with engineering capability and widen a higher-profit model.
Urbanet approved the sale of a 274-unit investment apartment in Funabashi, Chiba, in a deal it says exceeds the 10%-of-revenue disclosure threshold, but contract signing is planned for July 2026 and handover is not until March 31, 2028. That leaves current-year guidance unchanged because revenue recognition is slated for the year ending June 2028.
The grocer will absorb wholly owned Delica Foods on Sept. 1, saying the move should tighten coordination between prepared-food production and its fresh and deli divisions. Delica Foods generated ¥4.995bn in revenue and ¥308mn in operating profit in the year ended February 2026, but MaxValu Tokai says the merger will not change consolidated earnings.
The company will absorb wholly owned subsidiary SPZ on Oct. 1, saying changing customer needs and market conditions call for resource optimization and a rebuilt operating structure. No consideration is involved and Solekia says the earnings impact should be minor.
Ichigo Office sold an Oita building at 1.7 times book value, realizing about ¥519mn of gain and placing ¥101mn into a dividend reserve instead of paying it straight out. It then recycled capital into office acquisitions in Tachikawa and Funabashi worth ¥5.56bn combined, a cleaner illustration than usual of how Japanese REITs try to turn one disposal into both portfolio upgrade and payout smoothing.
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.
WOWOW plans to set up a new company on June 17, have NTT Docomo move Lemino into it via an absorption-type split, then buy 51% of the vehicle so it becomes a joint venture from Oct. 1. In parallel, WOWOW will issue 815,800 new shares to Docomo for gross proceeds of about ¥841.1m, while saying the 51% purchase itself will be funded with WOWOW cash. The structure matters because Docomo will end up both as a 49% partner inside the venture and a direct shareholder in WOWOW outside it. The catch is that the split consideration can still be adjusted, the assets and liabilities moving with Lemino are not yet fixed, and WOWOW says the effect on the year ending March 2027 is still being assessed.