Mergers, tender offers, buyouts and asset sales involving Japanese companies, in English.
JTM says it holds 55,211,107 RISE shares and equivalents, or 53.99% of the total, after the tender offer closed, replacing the former parent and pushing RISE into controlled-subsidiary territory. The stake includes 6,244,307 Class A preferred shares that JTM wants converted into common stock, while its side agreement stops short of seeking a board majority for at least three years.
The group will unwind its alliance with Antway and prepare to transfer the house-meal business at Kushikatsu Tanaka, a unit that generated ¥1,302,610 thousand of sales in the year to November 2025, or 6.2% of consolidated revenue. A separate ¥500 million Mizuho loan earmarked for new directly operated stores makes the capital-allocation message clear enough even before the transfer price and transferee details are disclosed.
The group plans an October 1 merger in which GMO TECH absorbs GMO Trihatch, the MEO provider it bought in February. Management says combining the two should improve efficiency and decision-making, while the effect on consolidated earnings will be minor.
It plans to sell the business to Cyber Record for ¥220 million in cash, though the price remains provisional until the definitive agreement is signed. The unit generated ¥281 million of revenue in the year to April 2026, and NE said bigger entrants and municipality contract losses had made the market harder to defend.
ITFOR signed a basic agreement with Sourcing Brothers to form a 90-10 joint venture focused on M&A, corporate venture capital and post-investment execution. Launch is targeted for July, and the company says the near-term earnings impact should be minor.
Izumi plans to waive an estimated ¥230 million of loans to Bitchu Kaihatsu on Aug. 31 and absorb the wholly owned subsidiary on Sept. 1, saying the unit is in negative net assets. The company said Bitchu Kaihatsu, once the operator of Yume Town Takahashi, is now mainly a real-estate holding and management company after tenant conversion at the site. The waiver should create an extraordinary loss only in Izumi's non-consolidated accounts, while consolidated impact is eliminated. Separate same-day plans to merge three Kyushu supermarket subsidiaries remain only a basic policy for now.
Geniee plans to dispose of 902,820 treasury shares to Dip at ¥972 each, raising about ¥877.5 million and giving Dip an expected 6.78% voting-rights stake. The proceeds are earmarked mainly for system development, engineer hiring and AI-related product work, and Dip also gets the right to nominate one director plus consent rights over selected major actions tied to the alliance. If approved and completed, founder Tomoaki Kudo's holding falls from 52.67% to 49.10%, so this is less a passive placement than a partnership with governance hooks.
M3 plans to acquire 242 Wiseman shares, or 100% of the company, with execution slated for July 1 and funding from cash on hand. The strategic logic is installed base: Wiseman sells care and welfare systems to operators, medical facilities and local governments, while M3 says the target adds dense coverage in elder-care workflows it can pair with AI features, cross-selling and links between care software and cloud medical records. The price is undisclosed, so the rationale is clear but the valuation remains politely offstage.
Dualtap plans a company split on Aug. 1 that moves the business at The Residence Shirokane Suite into Dualtap Community for ¥220 million, subject to shareholder approval on June 15. The target combines building management with care-related and daily-life support services for mainly older residents, and the company says it brings recurring revenue plus operating know-how in senior housing. For the year ended November 2025, the business generated ¥309.0 million in revenue and ¥57.9 million in operating profit, which makes this more concrete than the average strategy memo.
GNI plans to buy all of Ayumi Pharmaceutical Holdings for ¥44.776 billion and make it a wholly owned unit, arguing the deal adds a steadier Japanese earnings base plus an established sales network in rheumatology, orthopedics and fever-and-pain drugs. Ayumi reported revenue of ¥38.543 billion and operating profit of ¥6.206 billion in the year to March 2026, giving GNI a domestic commercial platform rather than just another pipeline promise. The financing is the real tell. GNI will pay ¥18.005 billion in cash and settle ¥26.771 billion through a contribution in kind, issuing 9,974,291 new shares to the sellers, while also lining up ¥20 billion of borrowing from Mizuho Bank and SBI Shinsei Bank. Management says the deal should close between June 30 and September 30, but existing holders face 17.89% share dilution and BCP is expected to emerge as the largest shareholder.
PayPay plans to buy 70.2% of T&D Financial Life from T&D Holdings for cash, a move LY Corporation says would make the insurer a specified subsidiary. The structure is not a clean buyout: OneIM Indigo is set to buy 14.9%, T&D plans to keep 14.9%, and closing is scheduled for October 1, 2027, subject to approvals, an IFRS transition plan and other conditions. For PayPay, the logic is plain enough: it wants life insurance alongside cards, banking and securities for its more than 74 million registered users.
A share transfer effective June 1 ended TDK's 100% indirect ownership of the Taiwan company, which makes camera module actuators, and stripped it of specified-subsidiary status. The filing does not identify the buyer, price or earnings effect, so for now this is corporate-structure news rather than a finished strategy story.
The filing shows 566,900 shares and says the holding supports a February capital and business alliance aimed at synergies and medium- to long-term corporate value. The rationale is clear; the roadmap is not.
Daitec Holdings directly held 47.14% of Fukui Computer's voting rights as of March 31, and Fukui said it disclosed only a ¥12 million office lease with a ¥1 million year-end balance as related-party dealing. If June shareholder votes approve the planned merger for April 1, 2027, Daitec disappears and the ownership classification changes, but the filing does not identify who would hold the post-merger status.
Axelmark wants Convano to buy 45 million new shares at ¥20 for a ¥900 million equity injection and provide a commitment-type term loan facility of up to ¥3 billion. If the package closes on July 2, Convano would become parent and controlling shareholder with 68.91% of voting rights, dilution would run to 221.53% against shares outstanding and 221.60% against voting rights, and several proposed board nominees would come from Convano's orbit.
QLS said its care-services subsidiary Nagomi will buy all 180 shares of Dandan on June 1, giving the group full control of an Akita City operator that runs one short-stay residential care facility. Dandan reported ¥234.3 million in revenue and ¥2.167 million in operating profit in the year ended November 2025, while QLS says the undisclosed-price deal should have only a minor effect on consolidated results.
BlueMeme plans to move its low-code and agile DX business into a wholly owned subsidiary on Oct. 1, rename the listed parent BlueMeme Group and let the operating unit take the BlueMeme name, provided shareholders approve the plan on June 26 and required clearances arrive. The company says the restructure is meant to address delays in disclosure and internal-management issues, while the impact on consolidated results should be minor because the business is staying inside the group.
Toyota says the June 29 effective date is unchanged for transferring the OneStream logistics-efficiency system business to OneStream Co. What changed is the balance sheet on the other side: the successor company's capital is now expected to be ¥150 million when the split takes effect, and could rise further if a Class A preferred-share allotment approved on May 28 is paid in between June 30 and July 31.
What changed: Oricon cut its year-end dividend forecast for the year ending March 2027 to zero, but only if Media's tender offer succeeds. That replaces the ¥36 payout it forecast on May 8, and the board is also recommending that shareholders tender into the offer. The terms: The offer opens on May 29 and runs through July 9 at ¥1,332 a share, with settlement due to start on July 16. The bidder says it expects to buy 8,211,375 tender-eligible shares, subject to a 3,903,300-share minimum and no upper cap. The path from here: Oricon says the transaction is meant to take the company private and lead to delisting. It is also letting its takeover-response policy expire at the close of the June 25 annual meeting rather than renew it. The catch: The zero dividend is tied to the tender succeeding, and the disclosure does not say what payout would apply if the offer fails. If the tender does not acquire all eligible shares, the bidder says it plans a follow-on share consolidation that would cash out remaining minorities at the same ¥1,332 per-share price, subject to later approvals.
FOOD & LIFE COMPANIES plans a new subsidiary, tentatively named FOOD & LIFE KYORITSU MARINE, with capital of ¥100 million and a stated business of supporting aquaculture companies. The filing says Food & Life will hold 60% of voting rights, names Kazuo Araya as representative, and points to an October launch, though both the name and location are still marked tentative.
The move: SpiderPlus will pair SPIDER+ with InforMart's BtoB Platform TRADE after founder Kenji Ito agreed to sell 1.8 million shares to InforMart for ¥523.8 million. The catch: Ito stays the largest shareholder but would lose controlling-shareholder status, and InforMart gains options that could lift its stake later. Separately, SpiderPlus said it will suspend operations at its Vietnam subsidiary, with only a minor earnings impact expected.
SHIFT rewrote a March merger plan so the parent will absorb SHIFT SECURITY, KRAF and MAS Lab directly, while separately centralizing 15 group back offices and having ALH absorb SPST and Trust Brain as part of an efficiency and AI-enabled operations push.