Mergers, tender offers, buyouts and asset sales involving Japanese companies, in English.
Shionogi will buy all of US rare-disease drugmaker IntraBio for $2bn, taking worldwide rights to AQNEURSA, which won a first-of-its-kind ataxia-telangiectasia approval on 18 September; closing is targeted for November or December, subject to clearances.
Two of four joint holders of 29.90% of Sankei Real Estate agreed to tender into C5's offer and two agreed not to; ATRA has decided to buy one holder's 9.89% about two months after a successful offer, if a squeeze-out follows.
SMTB Leasing, formerly Sumitomo Mitsui Trust Panasonic Finance, bought back all of Panasonic Holdings' shares on 1 October, leaving Fuyo General Lease with 40.00% of voting rights, Yokohama Financial Group with 15.00% and Sumitomo Mitsui Trust Bank with 45.00%.
KPP Group's Antalis has signed to buy nine Papyrus paper wholesalers and German assets with about €215mn in 2025 sales, subject to competition approvals in some countries, with the price undisclosed.
Komori has bought all of Maruyama Chiller, a maker of chillers for semiconductor equipment, for about ¥26.46bn including fees, and renamed it KOMORI Precision Technologies; its standalone net profit was ¥364mn in 2025.
JAPEX has completed its $278mn purchase of four Colorado and Wyoming tight oil and gas companies, borrowing about $220mn against confirmed reserves for assets that sit near the Verdad holdings it bought in February.
Niterra will cancel its purchase of Denso's spark plug and exhaust sensor businesses after Denso asked to terminate the contract, and says the effect on current-year guidance is minor while it re-examines growth investment in its 2030 plan.
Nippon Express Holdings has completed its purchase of Canadian contract-logistics group Metro Supply Chain at a C$1.8bn enterprise value, with up to C$400mn more payable if financial targets are met and a merger of the holding vehicle with Metro planned for 1 November.
Procrea Holdings, Akita Bank and Bank of Iwate resolved to open integration talks aimed at April 2028, citing faster-than-average depopulation and AI and cybersecurity costs.
Three regional lenders each said a press report of integration talks was not their announcement, and each plans to take the matter to its board on 2 October; only Akita and Iwate say nothing has been decided.
Daniel J. Edelman will buy WPP's entire 935,800-share holding in PRAP Japan at ¥1,358.64 a share, or ¥1.27bn, and become the largest shareholder with 21.03% of votes once the trade settles on 30 October.
Logos Holdings' new subsidiary, renamed Courage Home, took over Aera Home's custom-home assets, liabilities, contracts and employees on 1 October after court approval, with renovation and franchise operations excluded and the earnings effect still under review.
Teijin completed the merger of its textile subsidiary with an Asahi Kasei subsidiary on 1 October 2026; the combined TA Frontier is 80% Teijin and 20% Asahi Kasei, and Teijin's guidance for the year to March 2027 is unchanged.
WOWOW holds 51% of the new Lemino streaming company, and NTT Docomo has paid ¥841.1mn for new WOWOW shares, a separate holding in the broadcaster itself; the earnings effect is still under review.
SBI Holdings made crypto exchange bitbank a wholly owned subsidiary on October 1 after the exchange repurchased shares from MIXI and Ceres, with Ceres reporting ¥8.61bn for its 21,480 shares and about ¥5.7bn in expected special gains.
OKI finished folding its ATM development and production into a venture with Hitachi on October 1, taking 60% and consolidating it, while the price of the 27,680 shares bought from Hitachi stays confidential.
Omron has completed the transfer of all Aratas shares to a subsidiary of a Carlyle-formed company and invested to hold 5% of that buyer's parent, leaving it with an indirect stake rather than a direct holding in the divested device and module business.
Tokuyama expects a ¥30.5bn special gain and a separate ¥12bn impairment loss from selling its domestic cement sales business, and is still working out whether its full-year forecast changes.
Nidec has signed a ¥103bn sale of all of Nidec Components to a Carlyle-linked vehicle, with transfer due on 1 December 2026 and the effect on consolidated earnings still being examined.
ALSOK has decided to carry out a merger through its Carlyle-backed vehicle that would lift its voting rights in the surviving company from 28.0% to 51.2%, with the merger planned to take effect on 1 January 2027.
JR West now holds 20.0% of Kansai Mirai Bank after paying Resona ¥90bn, while the bank stays a Resona subsidiary; a banking service targeted for around spring 2027 depends on a banking-agent license.
Resonac's in-kind distribution of Crasus Chemical shares took effect on 1 October, leaving it with 18.57% of the voting rights and ending the parent relationship, while the effect on consolidated results is still under review.
Pan Pacific International Holdings has signed a sponsor deal for the toy retailer's Japanese business, planned to complete on October 30 if the court grants permission, with landlord consent still needed for the stores it wants to keep.
Rakuten Bank took 100% of Rakuten Card and the securities holding company on October 1, paying in Class A shares that leave Rakuten Group with 49.95% of the bank's votes and Mizuho Bank with 10.52%, while Rakuten Group expects a ¥23.0bn tax charge.