Mergers, tender offers, buyouts and asset sales involving Japanese companies, in English.
Baby Calendar has agreed to pay ¥507mn for Orange Page's publisher, but only after JR East pulls out a roughly ¥2bn dividend, a sequencing the buyer says set the price and left a still-loss-making magazine business to absorb.
Integral's buyout vehicle has launched a ¥2,514-a-share tender offer for Kadoya Sesame Mills, Japan's leading sesame-oil maker, but the final payout to shareholders depends on whether Mitsubishi Corporation and Mitsui & Co., which together hold nearly half the stock, agree to exit through a separate share buyback rather than tendering, an arrangement that could lift the price as high as ¥2,760.
K891, a vehicle controlled by Hikari Tsushin, has filed a ¥1,000-per-share tender offer for Leopalace21 that would hand the bidder group 66.36% of voting rights at minimum, with Hikari Tsushin, MBK Partners and NEC Capital Solutions set to hold roughly a third each of the buyer's parent once fresh capital comes in after the offer closes.
AVALDATA Corporation will pay ¥690 in cash per share, a 112% premium to the prior close, to absorb a smaller Tokyo-listed maker of image-compression technology that was already set to lose its listing over a free-float shortfall before shareholders vote on the buyout in November.
HUMAN MADE agreed to pay ¥538.8mn in cash for full control of UNDERCOVER's operating company, but the deal won't close until February 2027 and the filing does not yet say how much goodwill it will generate.
Healthcare & Medical Investment Corporation tapped an ¥8.8bn share sale and lined up ¥11.1bn in bank loans to acquire 14 senior-care properties and a Tokyo hospital site, a deal that pushes its portfolio toward the largest healthcare-property base among Japan's listed REITs and reshapes near-term payout guidance.
Kamgras 1's fourth price increase for Kakaku.com clears the ¥3,640 floor that holdout investor Oasis said it needed, even as Digital Garage and KDDI's combined 38% stake stays out of the tender itself under separate non-tender and buyback agreements tied to a later squeeze-out.
Key West Network, wholly owned by Future Corporation's own chairman through a Singapore holding vehicle, collected 43.3mn tendered shares at ¥2,451 each and is set to lift its voting stake to 82.78% once settlement begins on September 17, ahead of a planned squeeze-out that would delist the Tokyo Prime-listed firm.
Kamgras has raised its tender offer for Kakaku.com to ¥3,680 a share, its fourth increase since May, and pushed the deadline back to September 29 to clear the ¥3,640 floor that shareholder Oasis said it needed to see; Kakaku.com's board is still weighing that offer against a competing Bain Capital and LINE Yahoo proposal priced at ¥3,520, or ¥3,640 if it can lock in a non-tender deal with KDDI.
HUMAN MADE will pay roughly ¥554mn in cash, funded entirely from its own balance sheet, to take 100% control of streetwear label UNDERCOVER, while the brand's founder steps back from management to remain only as head designer ahead of a planned February 2027 closing.
A holder of 4.06% of the target agreed at the last minute to tender its entire stake, reshaping the majority-of-minority arithmetic behind Bain Capital's ¥820-a-share bid to take the company private.
Sekisui Chemical has agreed to pay about A$335mn for 51% of Brisbane homebuilder Ausbuild, with a later purchase planned to lift its stake to 90%, as it looks to bring its Sekisui Heim factory-built housing method into Ausbuild's townhouse business amid Queensland's chronic housing shortage.
SHARINGTECHNOLOGY's board is telling shareholders to tender into MBK Partners' ¥1,550-a-share offer, which needs 63.58% acceptance to proceed but carries no cap on how many shares the buyout vehicle will ultimately buy.
A monthlong bidding contest for Kakaku.com has pushed EQT's offer to ¥3,680 a share, and Digital Garage stands to collect roughly ¥122.4bn for its 20.68 percent stake once the deal, still contingent on completion, closes.
Four months after agreeing to merge, the two Tokai-region bank holding companies have walked away: differing views on the direction of the integrated holding company left the final agreement unworkable ahead of a September deadline, and both firms say the split leaves earnings unaffected.
Sharing Technology (TSE Growth: 3989) confirmed a Nikkei report that it is reviewing going private, and said its board has already resolved to recommend a future tender offer, before naming a bidder, price or timetable.
Link and Motivation will absorb chatbot maker SELF on October 1 using only treasury shares and a shareholder-vote-free simplified exchange, even though SELF's net assets are still slightly negative.
Life Corporation is paying a 51% premium to take Hokuriku supermarket chain Albis private after five rounds of price haggling, and Mitsubishi Corporation is staying on as a 16.6% shareholder rather than selling out.
FUJIFILM is selling its Chinese printing-plate subsidiary and ceding sales rights outside Japan, the US, Canada and Mexico to Huangshan Jinruitai Technology, shrinking a unit that made up less than 1% of group revenue while it weighs a broader spin-off of the segment.
Daiwa Motor Transportation is placing ¥999.8mn of new shares with homebuilder Daiwa House Industry, which becomes its largest shareholder at 9.76% while agreeing to redevelop the taxi firm's Ginza land under a lease structure that keeps construction costs off its books.
The JFTC told SBI's tender vehicle it won't block the tender offer for BASE and cut the mandatory waiting period from 30 days to 18, but SBI says the correction changes nothing about the offer's actual purchase terms.
ALBIS shareholders are being offered a 51% premium to sell into Life Corporation's ¥3,780-a-share tender, but the price assumes they forfeit this year's dividend, and Mitsubishi Corporation, ALBIS's top holder, is staying on rather than cashing out.
ExaWizards will acquire 100% of a two-year-old Tokyo consulting firm for ¥704mn, keeping its current management in place as it tries to plug a nationwide shortage of business consultants who can pair with AI engineers.
The Tokyo Growth-market holding company plans to put $3.5mn into a US solar installer that has been balance-sheet insolvent for three consecutive years, and it has already warned investors the shares themselves could need an impairment charge.