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Japan M&A and Deals (Page 3)

Mergers, tender offers, buyouts and asset sales involving Japanese companies, in English.

  1. MP-2606's SHARINGTECHNOLOGY bid succeeds, with 85.74% of votes due at settlement on 4 November

    MP-2606's tender offer for SHARINGTECHNOLOGY drew 21,614,921 shares against a 16,030,200 minimum, putting its voting stake at 85.74% once settlement starts on 4 November, with a squeeze-out and delisting still to be scheduled.

  2. Matsui Securities confirms talks with Japan Post Bank on investment, but nothing is decided

    Matsui Securities says it is discussing an alliance with Japan Post Bank that includes a possible investment in Matsui, while the bank says only that it is weighing broker tie-ups; both say nothing is decided.

  3. Kansai Paint completes $93mn purchase of the rest of its Turkish affiliate

    Kansai Paint now owns all of Polisan Kansai Boya after paying $93mn for the other half, and a capital injection to repay the Turkish unit's debt is next; the profit effect is still unquantified.

  4. Inabata to buy ULVAC's 65% of mask-blanks maker for ¥4.9bn

    Inabata has decided to pay ULVAC ¥4.9bn for its 65% stake in a mask-blanks maker, lifting its own holding from 35% to 100%, with the share transfer scheduled for December 18.

  5. Kakaku.com says Bain-linked ¥3,700 bid looks like a qualified rival offer, asks Kamgras 1 to discuss price

    Kakaku.com has asked Kamgras 1 to discuss its offer price after judging the ¥3,700-a-share Bain Capital and LINE Yahoo proposal a likely qualified competing bid, while its support for the Kamgras 1 offer stands.

  6. ENEOS closes TPC deal at an estimated US$758mn as operating unit's profit fell

    ENEOS has completed its purchase of TPC Holdings at an estimated US$758mn, taking on a North American butadiene supplier whose operating subsidiary, TPC Group, saw operating profit fall to US$25mn in 2025 from US$118mn a year earlier.

  7. Umios agrees C$804mn cash deal for Canadian seafood processor High Liner Foods

    Umios plans to pay about C$804mn in cash for all of High Liner Foods, hoping to carry its pollock into North American markets as higher-value products; completion is pencilled in for January 2027.

  8. Azbil agrees to lift OTEC stake to 20.04% in off-market deal

    Azbil agreed to buy 2,387,000 OTEC shares at ¥3,000 each, lifting its stake from 4.79% to 20.04%, with settlement planned for early November once the Japan Fair Trade Commission clears the deal.

  9. Chidori agrees to tender 50.5mn Leopalace21 shares, with an exit if a rival tops K891 by 2.5%

    Chidori GK has contracted to tender all 50,507,600 Leopalace21 shares to K891 before the 30 October close, but can terminate if a funded rival bid at least 2.5% higher goes unmatched.

  10. Zeria's Swiss unit signs deal to buy the German plant that makes most of its Asacol

    Tillotts, Zeria's Swiss subsidiary, has signed to buy all of Haupt Pharma Wülfling, the German site that makes most of its Asacol, from Aenova; the price is undisclosed and closing is planned for January 2027 or later, subject to approvals.

  11. Bain-backed bidder raises planned Kakaku.com offer to ¥3,700, above rival's ¥3,682

    The Bain Capital-formed bidder raised its planned Kakaku.com tender price from ¥3,597 to ¥3,700 a share, above rival Kamgras 1's ¥3,682, keeping ¥3,720 if KDDI agrees to stay out, but launch still needs the target's board.

  12. Sanko Gosei buys Alabama molder to get a foothold in the US South

    Sanko Gosei's US unit has signed to buy Cumberland Plastic Systems' Alabama injection-molding business, which had $48.418mn of sales in 2025, with closing scheduled for November 2 at an undisclosed price and a minor expected earnings effect.

  13. Moriroku agrees to sell its Guangzhou parts unit after a return to profit

    Moriroku's board approved selling all equity in its Guangzhou auto-parts subsidiary to a Hong Kong holding company, with transfer planned for mid-December 2026 and the price withheld under a confidentiality clause.

  14. Futaba to buy 91.9% of a surface-drone maker for ¥698mn

    Futaba Corporation has agreed to buy 91.9% of an Iwate-based surface-drone maker for ¥698mn including estimated costs, with the transfer planned for October 30, to pair it with its aerial drones; the effect on results is called minor.

  15. ENEOS to buy out Goldman Sachs and take full ownership of NIPPO

    ENEOS will buy the 65% of NIPPO's holding company that Goldman Sachs vehicles own, citing asphalt supply ties and a changed growth strategy; the notice gives no price, and the share transfer is planned for November 2026.

  16. Artnature to sell its whole Philippine wig plant as Bangladesh factory starts up

    Artnature will sell all shares in its Philippine wig-making subsidiary, with transfer planned for December 1, citing a fundamental review of production after its Bangladesh factory began operating; buyer and price are not disclosed.

  17. Obayashi commits NZ$74mn to New Zealand solar, paid in stages as projects hit milestones

    Obayashi's board approved a 90% stake in Lightyears-linked LYOC1, with NZ$74mn of total investment to be paid in stages as solar projects reach milestones and regulatory conditions are met.

  18. Pasona agrees to tender its circlace stake into Hillhouse-backed ¥2,020 take-private

    Pasona has agreed to tender all its circlace shares into HHH1's ¥2,020-a-share offer, and expects a consolidated gain of about ¥2.6bn in the year ending May 2027 if the take-private succeeds.

  19. SBI's BASE offer buys all 90,944 tendered shares, leaving it at 0.08% against a 20% cap

    SBI Holdings' vehicle will buy all 90,944 BASE shares tendered, against a cap of 23,792,300, leaving it at 0.08% and short of making BASE an equity-method affiliate; the alliance structure is now up for discussion.

  20. Image Information buys Oita call-centre unit for ¥200mn, but its orders still come through the seller

    Image Information will pay about ¥200mn for an Oita contact centre with 198 seats whose revenue comes entirely from its seller, and will guarantee its debts to that seller; closing is scheduled for 23 October.

  21. Relo Group buys 90% of Singapore expat healthcare firm for ¥1.62bn

    Relo Group will pay ¥1.62bn for 90% of ATIV Medical, a Singapore healthcare group for Japanese expatriates, expecting referrals from its overseas-assignment business; the transfer is scheduled for October 30 and the earnings effect is under review.

  22. EnBio signs deal for NER's solar housing, EPC, O&M and overseas businesses

    EnBio Holdings has signed to take over four Next Energy & Resources solar businesses through a new subsidiary, with the transfer planned for 1 February 2027 subject to a shareholder vote, construction-law approval and customer consents.

  23. Ferrotec to take control of loss-making Chinese chip-parts maker AMTD

    Ferrotec will pay 150mn yuan (about ¥3.6bn) in cash for a 46.7% stake that lifts its holding in Chinese showerhead maker AMTD to 67.6%, with the transfer planned for 30 November; AMTD lost ¥352.1mn at the operating level in the year to March 2026.

  24. Optorun and AIMECHATEC move to wind down nanoimprint venture NLT

    Optorun's board resolved to dissolve and liquidate NLT, its 58.8%-owned nanoimprint venture with AIMECHATEC and JSR, with liquidation expected around February 2027, the loss still under review and both partners expecting a minor effect on results.

Japan M&A and Deals (Page 3) | Tokyo Brief