Skip to content
Tokyo Brief東 京 ブ リ ー フJapan's day, wrapped and delivered by morning.

Japan M&A and Deals (Page 5)

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

  1. Baudroie tender offer enters settlement with ¥37bn in pledged bank loans

    A Cayman vehicle whose representative chairs a Bain Capital entity began settling its Baudroie tender offer on October 13, funded by ¥37bn of bank loans pledged against the shares, with an 87.43% stake and a squeeze-out vote still to come.

  2. Hulic bids ¥295 a share for the rest of Riso Kyoiku Group, with no majority-of-minority condition

    Hulic's ¥295-a-share offer for the rest of Riso Kyoiku Group is a 41.15% premium, ¥25 below its 2024 price, with no majority-of-minority condition, and Riso's board backs it.

  3. Omron agrees $675mn deal for industrial PC maker OnLogic

    Omron will pay $675mn on an enterprise-value basis, mainly from cash on hand, for Vermont-based OnLogic and its parent, which sells made-to-order industrial PCs directly to customers, mostly outside Japan.

  4. Toho Holdings decides to end its review of a possible PHC Holdings acquisition

    Toho Holdings has decided to end its examination of acquiring PHC Holdings, which had received a non-binding initial proposal; neither company's October 9 notice gives terms or a reason.

  5. Shinko Shoji Holders Back Kaga Electronics Squeeze-Out, With Delisting Expected October 29

    Shinko Shoji shareholders backed a 7,894,651-to-1 consolidation with 95.59% approval; Kaga Electronics is set to become sole owner after delisting expected on October 29, with minority cash of ¥1,580 per share expected in late March 2027.

  6. Taiyo Holdings buyout offer slips to late November as China and Japan clearances lag

    KJ005 now aims to open its Taiyo Holdings tender offer in late November, not early October, with China competition-law and Japan investment-screening procedures still outstanding and Spain and Israel filings no longer needed.

  7. Crunchyroll's 7.03% Link-U stake carries a consent right over rival deals and a 10% cap

    Crunchyroll holds 7.03% of Link-U after paying ¥917.5mn at ¥856 a share, with a consent right over specified deals with its competitors, a conditional board nomination and a 10% ceiling on further buying.

  8. Epson set to become Cluster Technology's top shareholder in ¥300mn share sale

    Cluster Technology will issue 996,677 shares at ¥301 to customer Seiko Epson, with payment due October 27, diluting holders by 17.51% and directing most of the ¥296.1mn net to factory works and Epson-lent inspection equipment.

  9. NOK and Eagle Industry now sit under new NOK Group holding company

    NOK Corporation became a wholly owned subsidiary of the new NOK Group on October 1, 2026, after a joint share transfer with Eagle Industry, and its former group CEO took a representative director post at the parent.

  10. Booking Resort signs ¥173mn deal for operator of Aso pet-friendly hot-spring inn

    Booking Resort signed a deal to take 100% of the company running a pet-friendly hot-spring inn in Aso for ¥147mn, or ¥173mn with advisory costs, paid in cash with transfer scheduled for November 2.

  11. Yodoko takes 10.70% of Nakayama Steel for ¥4.9bn in own funds

    Yodoko paid ¥4.9bn from its own funds for 10.70% of Nakayama Steel Works on October 2, saying the stake supports an alliance to spread high-value electric-furnace steel.

  12. True Data buys a hardware-store software maker to get at tradesmen's purchasing data

    True Data will acquire the Osaka maker of the MUSASI hardware-store system, partly funded by a ¥200mn MUFG Bank loan, on the company's view that trade purchases can foreshadow household demand; its two disclosures give different price figures.

  13. Nittoc Construction signs to buy a housing-foundation contractor with ¥3.52bn in sales

    Nittoc Construction signed on September 28 to buy a Kanagawa ground-reinforcement contractor with ¥3.52bn in sales, with the price undisclosed and the transfer scheduled for November 30 after a merger and property carve-out.

  14. coconala buys 51% of AI consultancy Acrosstudio for ¥867mn

    coconala will pay ¥867mn for 51% of Acrosstudio, a 63-person AI consultancy with ¥1.13bn in sales and ¥46mn operating profit in the year to June 2026, with the transfer scheduled for October 30.

  15. Image Information agrees ¥170mn cash purchase of a call-centre business

    Image Information agreed to buy a CRM call-centre business for ¥170mn in cash, effective October 1, with 85 employees due to transfer; the unit earned ¥86mn in operating profit in the year to May on unaudited seller figures.

  16. Meiji sells negative-net-asset corn processor to Yoshimura after one-share recapitalisation

    Meiji will recapitalise a Hokkaido corn processor with one new share to erase its negative net assets, then transfer the company to Yoshimura Food Holdings on a planned November 1 date, at an undisclosed price.

  17. Pharma Foods agrees ¥5.03bn purchase of a hospital-meal supplier from a buyout fund

    Pharma Foods International will buy 100% of a medical-food supplier to hospitals and school-lunch operators from a buyout fund for ¥5.03bn, with the transfer planned for October 30 pending Japan Fair Trade Commission review.

  18. Sekisui Jushi pays KRW58bn for control of Korean road-safety maker Hi-Q

    Sekisui Jushi has taken control of Korea's Hi-Q, and its Vietnamese factory subsidiary, for KRW58bn, expecting only a minor effect on current-year forecasts with earnings contribution starting in the quarter to March 2027.

  19. JPMC Buyout Clears Its Tender Minimum, but Delisting Still Needs a Shareholder Vote

    Holders tendered 9,057,536 JPMC shares at ¥2,270, above the 5,049,300 minimum, but the bidders will still need a share-consolidation vote before the planned delisting from the Prime market, with settlement starting October 13.

  20. Bain-Linked Bid for Baudroie Succeeds, With Squeeze-Out Planned After October 13 Settlement

    A Bain Capital-linked vehicle drew 10,365,448 shares in its offer for baudroie,inc. and expects 85.68% of voting rights after the October 13 settlement and founder transfers, with a squeeze-out and Prime market delisting planned.

  21. SBI Extends BASE Offer to October 21 After Major Shareholder Signals Buying Past 30%

    SBI's vehicle kept its ¥340 BASE offer and 20.67% cap but extended the deadline to October 21 and pushed settlement to October 28, after a major shareholder said he would resume buying to pass 30%.

  22. World and DBJ's joint fund plans a successor company for towel maker Uchino, with the old firm to be liquidated

    W&D, the 50-50 investment company of World and the Development Bank of Japan, plans to move all of Uchino's business and designated financial debts into a new subsidiary on December 1, then liquidate the old company.

  23. Chuo Warehouse to buy 70% of Takara's logistics arm for ¥5.985bn

    Chuo Warehouse will pay about ¥6.115bn including costs for 70% of Takara Logistics System, with Takara Holdings booking an expected gain of about ¥3.625bn in consolidated results for the year to March 2028 if the deal closes in April 2027 after a competition review.

  24. Nippon Chutetsukan sets January 2027 start for pipe-making venture with Kubota

    Nippon Chutetsukan will move its straight ductile iron pipe production into a new company and sell 19.9% to Kubota, with the January 4, 2027 start conditional on a December 17 shareholder vote.

Japan M&A and Deals (Page 5) | Tokyo Brief