Updated October 11, 2026 · through Special Situations Digest #36 (Oct 11, 2026) · 63 this week
A running index of Japanese special situations covered in the Special Situations Digest. Below: the 100 most recent situations spanning 11 categories — activist campaigns, going-private deals, tender offers, divestitures, restructurings, and more. Earlier coverage includes 1350+ additional Japanese situations from prior issues. Each item links to the underlying filing or news source.
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Related: Japan activist campaigns tracker: every Japanese activist target, grouped by company.
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Activist Campaigns 38 situations
Nidec 6594.T (JP) · ¥2,010.00 · MCAP $15.5B · EV $17.0B
Oasis Management now owns 8% of Nidec (6594.T) and is urging the board to hire financial advisers to solicit nonbinding buyout proposals from strategic buyers and private equity firms.
Featured in Issue #36 · Oct 11, 2026
Nakano Fudo Construction Co., Ltd. 1827.T (JP) · ¥1,364.00 · MCAP $296M · EV $104M
Old Peak Group Ltd. reported a 9.19% stake in Nakano Fudo Construction Co., Ltd. (1827.T), up from 8.18%, as of October 1, 2026.
Featured in Issue #36 · Oct 11, 2026
Infomart Corporation 2492.T (JP) · ¥715.00 · MCAP $1.2B · EV $1.1B
Oasis Management Company Ltd. reported a 23.61% stake in Infomart Corporation (2492.T), up from 22.60%, in a change report submitted October 8, 2026.
Featured in Issue #36 · Oct 11, 2026
M3, Inc. 2413.T (JP) · ¥1,856.00 · MCAP $7.8B · EV $7.3B
Oasis Management Company Ltd. now owns 9.48% of M3, Inc. (2413.T) after increasing its stake from 8.46% (large shareholding report).
Featured in Issue #36 · Oct 11, 2026
Torex Semiconductor Ltd. 6616.T (JP) · ¥1,872.00 · MCAP $127M · EV $151M
Kaname Capital, L.P. filed a change report on Torex Semiconductor Ltd. (6616.T); its prior reported shareholding ratio was 11.16%.
Featured in Issue #36 · Oct 11, 2026
BASE, Inc. 4477.T (JP) · ¥399.00 · MCAP $270M · EV $133M
Hiroyuki Maki, President of Buffalo Inc., now owns 23.32% of BASE, Inc. (4477.T) after purchasing 3.3 million shares on 2026-10-02 (large shareholding report).
Featured in Issue #36 · Oct 11, 2026
Datasection Inc. 3905.T (JP) · ¥1,700.00 · MCAP $402M · EV $400M
First Plus Financial Holdings Pte. Ltd. reported 7,486,300 ordinary shares and warrants covering 26,456,700 additional shares in Datasection Inc. (3905.T), totaling 33,943,000 share equivalents.
Featured in Issue #36 · Oct 11, 2026
Bunkyodo Group Holdings Co., Ltd. 9978.T (JP) · ¥44.00 · MCAP $13M · EV $28M
Bunkyodo Group Holdings Co., Ltd. (9978.T) resolved on October 9, 2026 to oppose all five proposals filed by one individual shareholder for the 76th annual meeting.
Featured in Issue #36 · Oct 11, 2026
Osaka Steel Co., Ltd. 5449.T (JP) · ¥2,321.00 · MCAP $439M · EV $420M
Strategic Capital Co., Ltd. filed an initial 5%+ large shareholding report for Osaka Steel Co., Ltd. (5449.T) disclosing a 10.6% stake.
Featured in Issue #36 · Oct 11, 2026
en Inc. 4849.T (JP) · ¥1,749.00 · MCAP $418M · EV $275M
Oasis Management increased its reported stake in en Inc. (4849.T) to 15.63% from 14.54% as of September 30, 2026.
Featured in Issue #36 · Oct 11, 2026
Fujibo Holdings, Inc. 3104.T (JP) · ¥3,700.00 · MCAP $789M · EV $735M
Effissimo Capital Management Pte Ltd now owns 20.8% of Fujibo Holdings, Inc. (3104.T).
Featured in Issue #36 · Oct 11, 2026
DTS Corporation 9682.T (JP) · ¥1,087.00 · MCAP $1.1B · EV $907M
Asset Value Investors increased its reported DTS Corporation (9682.T) stake to 7.45% from 6.43%, holding 11,862,154 shares.
Featured in Issue #36 · Oct 11, 2026
GungHo Online Entertainment, Inc. 3765.T (JP) · ¥2,360.00 · MCAP $785M · EV $148M
Strategic Capital reports an unchanged 13.67% stake in GungHo Online Entertainment.
Featured in Issue #36 · Oct 11, 2026
Muraki Co., Ltd. 7477.T (JP) · ¥1,640.00 · MCAP $15M · EV $5M
Blue Goats Capital Co., Ltd. now owns 17.01% of Muraki Co., Ltd. (7477) and is seeking capital and business alliances, including the acquisition of control (corrected large shareholding report).
Featured in Issue #36 · Oct 11, 2026
MURAKI Corporation 7477.T (JP) · ¥1,550.00 · MCAP $14M · EV $5M
Ikuyo Co., Ltd. proposed that Muraki Corporation (7477) issue new shares through third-party allotment for Ikuyo to underwrite.
Featured in Issue #36 · Oct 11, 2026
YODOKO, Ltd. 5451.T (JP) · ¥1,374.00 · MCAP $1.3B · EV $984M
Strategic Capital reduced its reported Yodoko (5451.T) stake to 4.57% from 5.63% as of September 28, 2026.
Featured in Issue #36 · Oct 11, 2026
Daiho Construction Co., Ltd. 1822.T (JP) · ¥804.00 · MCAP $429M · EV $320M
Minamiaoyama Fudosan Co., Ltd. and ATRA Co., Ltd. now own 7.6% of Daiho Construction Co., Ltd. (1822.T) according to a large shareholding report.
Featured in Issue #36 · Oct 11, 2026
Toho Holdings Co., Ltd. 8129.T (JP) · ¥3,657.00 · MCAP $1.5B · EV $860M
Toho Holdings (8129.T) filed an objection with the Tokyo District Court on October 6, 2026, to overturn a September 18 provisional injunction.
Featured in Issue #36 · Oct 11, 2026
PRAP Japan, Inc. 2449.T (JP) · ¥1,348.00 · MCAP $38M · EV $10M
Daniel J. Edelman, Inc. acquired a 20% stake in PRAP Japan, Inc. (2449.T) for ¥1.3 billion (~$8.2M) through an off-market purchase (large shareholding report).
Featured in Issue #35 · Oct 4, 2026
YELLOW HAT Ltd. 9882.T (JP) · ¥1,646.00 · MCAP $888M · EV $961M
Strategic Capital Inc. holds 10.1 million shares, or 11.73%, of Yellow Hat Ltd. The previous reported shareholding ratio was 12.74%.
Featured in Issue #35 · Oct 4, 2026
Sankei Real Estate Investment Corporation 2972.T (JP) · ¥125,000.00 · MCAP $370M · EV $633M
City Index Elevenths Co., Ltd. and three joint holders now own 29.9% of Sankei Real Estate Investment Corporation (2972.T) and proposed the delisting of the investment units on July 31, 2026 (large shareholding report).
Featured in Issue #35 · Oct 4, 2026
NORITAKE Co., Ltd. 5331.T (JP) · ¥3,685.00 · MCAP $1.3B · EV $1.3B
Strategic Capital Inc. filed an initial 5%+ large shareholding report.
Featured in Issue #35 · Oct 4, 2026
MIURA Co., Ltd. 6005.T (JP) · ¥3,000.00 · MCAP $2.2B · EV $1.9B
Silchester International Investors LLP now owns 6.07% of MIURA Co., Ltd. (6005.T), increasing its stake from 5.06% through market and off-market purchases between 2026-08-04 and 2026-09-29 (large shareholding report).
Featured in Issue #35 · Oct 4, 2026
Digital Garage, Inc. 4819.T (JP) · ¥2,421.00 · MCAP $724M · EV $532M
Old Peak Group Ltd. increased its stake in Digital Garage, Inc. (4819.T) to 8.33% (large shareholding report).
Featured in Issue #35 · Oct 4, 2026
Syuppin Co., Ltd. 3179.T (JP) · ¥1,280.00 · MCAP $172M · EV $204M
MIRI Capital Management LLC now owns 9.16% of Syuppin Co., Ltd. (3179.T) and intends to propose changes to capital policy, dividends, board composition, and share buybacks.
Featured in Issue #35 · Oct 4, 2026
Shibaura Machine Co., Ltd. 6104.T (JP) · ¥4,845.00 · MCAP $723M · EV $545M
Oasis Management Company Ltd. increased its stake in Shibaura Machine Co., Ltd. (6104.T) to 10.14% through the purchase of 2.5 million shares.
Featured in Issue #35 · Oct 4, 2026
sugimura warehouse Co., Ltd. 9307.T (JP) · ¥999.00 · MCAP $104M · EV $82M
LIM Advisors Limited may make significant proposals to Sugimura Warehouse Co., Ltd. (9307) (filed a large shareholding report).
Featured in Issue #35 · Oct 4, 2026
NPC Incorporated 6255.T (JP) · ¥711.00 · MCAP $95M · EV $67M
LIM Advisors Limited now owns 7% of NPC Incorporated (6255.T) and is pushing for a 6% dividend on equity (DOE) policy (large shareholding report).
Featured in Issue #35 · Oct 4, 2026
Taihei Dengyo Kaisha, Ltd. 1968.T (JP) · ¥2,476.00 · MCAP $993M · EV $926M
Hikari Tsushin now owns 18.2% of Taihei Dengyo Kaisha, Ltd. (1968.T).
Featured in Issue #35 · Oct 4, 2026
TAKADA Corporation 1966.T (JP) · ¥1,740.00 · MCAP $81M · EV $147M
Hikari Tsushin, Inc. filed an initial 5%+ large shareholding report.
Featured in Issue #35 · Oct 4, 2026
SECOM CO., LTD. 9735.T (JP) · ¥6,210.00 · MCAP $16.0B · EV $13.9B
Flashlight Capital Partners, a shareholder of SECOM, released a letter to SECOM's board calling for an overhaul of its overseas strategy.
Featured in Issue #35 · Oct 4, 2026
Nidec Corporation 6594.T (JP) · ¥2,250.00 · MCAP $17.0B · EV $19.5B
Nidec shares fell 20% this week amid accounting crisis.
Featured in Issue #35 · Oct 4, 2026
Sumitomo Heavy Industries, Ltd. 6302.T (JP) · ¥5,923.00 · MCAP $4.5B · EV $5.4B
Silchester International Investors LLP now holds 6.1 million shares of Sumitomo Heavy Industries, Ltd., equal to 4.96% of issued shares as of Sept 25, 2026, down from 5.97% in its previous report (now below the 5%…
Featured in Issue #35 · Oct 4, 2026
Keihanshin Building Co., Ltd. 8818.T (JP) · ¥1,060.00 · MCAP $654M · EV $1.1B
Strategic Capital reports 7,824,900 Keihanshin Building shares, or 8.02%, as of September 17, 2026, down from 9.17% in its previous report.
Featured in Issue #35 · Oct 4, 2026
Infomart Corporation 2492.T (JP) · ¥712.00 · MCAP $1.2B · EV $1.1B
Oasis Management Company Ltd. holds 57.1 million shares of Infomart Corporation, a 21.36% stake.
Featured in Issue #35 · Oct 4, 2026
Daito Trust Construction Co., Ltd. 1878.T (JP) · ¥3,143.00 · MCAP $6.5B · EV $6.8B
Hikari Tsushin, Inc. filed an initial 5%+ large shareholding report.
Featured in Issue #35 · Oct 4, 2026
Sawai Group Holdings Co., Ltd. 4887.T (JP) · ¥1,666.50 · MCAP $1.2B · EV $1.8B
Silchester International Investors LLP now owns 6.85% of Sawai Group Holdings Co., Ltd. (4887.T) and intends to propose changes to capital policy and corporate governance (large shareholding report).
Featured in Issue #35 · Oct 4, 2026
Ebara Jitsugyo Co., Ltd. 6328.T (JP) · ¥2,401.00 · MCAP $356M · EV $246M
Nippon Active Value Fund PLC, NAVF Select (Master) Fund LP, and Dalton Investments, Inc. jointly hold 3.3 million shares, a 12.69% stake in Ebara Jitsugyo.
Featured in Issue #35 · Oct 4, 2026
Acquisitions 28 situations
Iwate Bank 8345.T (JP) · ¥2,506.00 · MCAP $1.1B
Iwate Bank (8345.T), Procrea Holdings, and Akita Bank began discussions on October 2, 2026, to pursue a management integration by April 2028.
Featured in Issue #36 · Oct 11, 2026
Mitsuboshi Co., Ltd. 5820.T (JP) · ¥839.00 · MCAP $23M · EV $29M
Mitsuboshi Co., Ltd. (5820.T) amended the terms of its acquisition of Tenshin Shoji Co., Ltd. to remove Mr.
Featured in Issue #36 · Oct 11, 2026
Living Platform, Ltd. 7091.T (JP) · ¥1,153.00 · MCAP $33M · EV $63M
Living Platform (7091.T), through its subsidiary Challenge Platform, agreed to succeed to businesses of Kokudo Shinwa (including its wholly owned subsidiary) and Nippon Creed through absorption-type company splits.
Featured in Issue #36 · Oct 11, 2026
coconala Inc. 4176.T (JP) · ¥272.00 · MCAP $39M · EV $27M
coconala Inc. (4176.T) resolved on October 7, 2026 to acquire 510 shares, or 51%, of Acrosstudio Co., Ltd. from five individual shareholders for ¥867 million (~$5.5M) in cash; with estimated advisory fees the total cost…
Featured in Issue #36 · Oct 11, 2026
True Data Inc. 4416.T (JP) · ¥402.00 · MCAP $12M · EV $7M
True Data Inc. (TSE Growth: 4416) to acquire 100% of the issued shares of Cosmonet Inc. Total acquisition price is ¥248 million (~$1.6M) (approximate), consisting of ¥220 million (~$1.4M) consideration and ¥28 million…
Featured in Issue #36 · Oct 11, 2026
Nittoc Construction Co., Ltd. 1929.T (JP) · ¥1,162.00 · MCAP $308M · EV $195M
Nittoc Construction Co., Ltd. (1929.T) agreed on September 28, 2026 to acquire all 200 shares of Chiken Techno Co., Ltd. from Hideaki Kimura and nine other individual shareholders for an undisclosed cash price.
Featured in Issue #36 · Oct 11, 2026
Pharma Foods Co., Ltd. 2929.T (JP) · ¥687.00 · MCAP $126M · EV $185M
Pharma Foods Co., Ltd. (2929.T) will acquire Marine Pro Foods for ¥5.03 billion (~$32M) to expand its B2B distribution network.
Featured in Issue #36 · Oct 11, 2026
Japan M&A Solutions Co., Ltd. 9236.T (JP) · ¥1,522.00 · MCAP $15M
Japan M&A Solutions Co., Ltd. resolved on October 5, 2026 to make SBI Tsuji-Hongo M&A Co., Ltd. its wholly owned subsidiary via share exchange.
Featured in Issue #36 · Oct 11, 2026
Teno. Holdings Co., Ltd. 7037.T (JP) · ¥796.00 · MCAP $23M · EV $39M
Teno. Holdings Co., Ltd. (7037.T) will acquire 100% of the voting rights of Pigeon Hearts Co., Ltd. to make it a subsidiary.
Featured in Issue #36 · Oct 11, 2026
CRAVIA Inc. 6573.T (JP) · ¥25.00 · MCAP $11M · EV $11M
CRAVIA Inc. (6573.T) entered a capital and business alliance to acquire a 50% stake in Redstart ENM Inc. for 5,000 JPY (50,000 KRW).
Featured in Issue #36 · Oct 11, 2026
Shionogi & Co., Ltd. 4507.T (JP) · ¥2,763.00 · MCAP $14.9B · EV $17.3B
Shionogi & Co., Ltd. signed an agreement on October 5, 2026 to acquire all outstanding shares of IntraBio Inc. Shionogi's board of directors approved the transaction on October 5, 2026.
Featured in Issue #36 · Oct 11, 2026
Bizmates, Inc. 9345.T (JP) · ¥580.00 · MCAP $12M · EV $3M
Bizmates, Inc. (9345.T) is acquiring With The World Co., Ltd. for ¥216 million (~$1.4M) to expand into the K-12 online international exchange market.
Featured in Issue #36 · Oct 11, 2026
SBI Global Asset Management Co., Ltd. 4765.T (JP) · ¥609.00 · MCAP $533M · EV $439M
On 9/30 SBI Global Asset Management disclosed a basic agreement to integrate management via absorption merger with SBI Insurance Group Co., Ltd. The proposed merger would have SBI Global Asset Management Co., Ltd. as…
Featured in Issue #36 · Oct 11, 2026
The Akita Bank, Ltd. 8343.T (JP) · ¥2,023.00 · MCAP $1.1B
The Bank of Iwate, Ltd., The Akita Bank, and Procrea Holdings (which owns Aomori Michinoku Bank) resolved on October 2, 2026 to begin discussions toward a three-party business integration.
Featured in Issue #35 · Oct 4, 2026
Mitsubishi Kakoki Kaisha, Ltd. 6331.T (JP) · ¥3,070.00 · MCAP $477M · EV $457M
Mitsubishi Kakoki Kaisha and Tsukishima Holdings signed a management integration agreement and share exchange agreement on September 30, 2026.
Featured in Issue #35 · Oct 4, 2026
The Chiba Bank, Ltd. 8331.T (JP) · ¥2,826.50 · MCAP $12.5B
The Chiba Bank and Chiba Kogyo Bank will establish a joint bank holding company via share transfer on April 1, 2027.
Featured in Issue #35 · Oct 4, 2026
KOKUYO Co., Ltd. 7984.T (JP) · ¥869.00 · MCAP $2.3B · EV $1.7B
KOKUYO Co., Ltd. (7984.T) resolved on September 30, 2026 to increase capital by JPY 28 billion (~$178M) in its subsidiary Synergy Investing ASIA Pte.
Featured in Issue #35 · Oct 4, 2026
Striders Corporation 9816.T (JP) · ¥257.00 · MCAP $15M · EV $7M
Striders Corporation will make block party Co., Ltd. a wholly owned subsidiary via a simplified share exchange.
Featured in Issue #35 · Oct 4, 2026
Pan Pacific International Holdings Corporation 7532.T (JP) · ¥715.50 · MCAP $13.6B · EV $14.7B
Pan Pacific International Holdings Corporation's wholly-owned subsidiary OSS signed a sponsor business transfer agreement with Japan Toys "R" Us Co., Ltd. on October 1, 2026.
Featured in Issue #35 · Oct 4, 2026
SBI Insurance Group Co., Ltd. 7326.T (JP) · ¥2,151.00 · MCAP $339M
SBI Insurance Group will be absorbed by SBI Global Asset Management (SBIGAM), with SBIGAM as the surviving company.
Featured in Issue #35 · Oct 4, 2026
AI inside Inc. 4488.T (JP) · ¥2,052.00 · MCAP $52M · EV $31M
AI inside Inc.'s board resolved on September 30, 2026 to acquire the shares of Wanderlust Co., Ltd. and make it a subsidiary.
Featured in Issue #35 · Oct 4, 2026
First Brothers Co., Ltd. 3454.T (JP) · ¥1,270.00 · MCAP $113M · EV $409M
First Brothers Capital Co., Ltd., a consolidated subsidiary of First Brothers Co., Ltd., resolved on September 30, 2026 to acquire all issued shares of Sawara City Co., Ltd. Sawara City Co., Ltd. is a real estate…
Featured in Issue #35 · Oct 4, 2026
Fitcrew Inc. 469A.T (JP) · ¥1,615.00 · MCAP $11M · EV $11M
Fitcrew Inc. will acquire five VALX GYM locations operated by VALX Co., Ltd. Acquisition price is ¥456.0 million (~$2.9M), payable in cash.
Featured in Issue #35 · Oct 4, 2026
PORTERS Corporation 5126.T (JP) · ¥1,449.00 · MCAP $15M · EV $11M
PORTERS will buy 21,000 shares of its consolidated subsidiary KIKAN flex Co., Ltd. to increase its voting rights from 65.0% to 100.0%, though the acquisition price is not disclosed.
Featured in Issue #35 · Oct 4, 2026
ICOM Incorporated 6820.T (JP) · ¥3,730.00 · MCAP $340M · EV $154M
ICOM Incorporated (6820.T) signed a non-binding basic agreement on 30 September 2026 with Tri-Is Inc. to jointly operate LIMNO Co., Ltd. Tri-Is is scheduled to acquire all LIMNO shares on 1 October 2026; ICOM’s proposed…
Featured in Issue #35 · Oct 4, 2026
The Keiyo Bank, Ltd. 8544.T (JP) · ¥2,900.00 · MCAP $2.1B
The Keiyo Bank, Ltd. (8544) resolved on 30 September 2026 to fully subsidiarize two consolidated subsidiaries, Keiyo Bank Card Co., Ltd. and Keiyo Bank Guarantee Service Co., Ltd., by acquiring shares from Fujimi Jisho…
Featured in Issue #35 · Oct 4, 2026
Avex Inc. 7860.T (JP) · ¥1,226.00 · MCAP $342M · EV $138M
Avex Inc. increased its ownership of S10 Entertainment to 85%, acquiring the stake from Brandon Silverstein and his partners.
Featured in Issue #35 · Oct 4, 2026
SBS Holdings, Inc. 2384.T (JP) · ¥5,360.00 · MCAP $1.4B · EV $1.9B
SBS Holdings resolved on September 28, 2026 to acquire all issued shares of Mitsubishi Chemical Logistics Corporation from Mitsubishi Chemical Corporation.
Featured in Issue #35 · Oct 4, 2026
Going-Private 7 situations
JPMC Co., Ltd. 3276.T (JP) · ¥2,250.00 · MCAP $238M · EV $193M
Amsterdam1 Co., Ltd. and Amsterdam2 Co., Ltd., vehicles of a Sunrise Capital management buyout, completed their tender offer for JPMC Co., Ltd. (3276.T), which ran from 4 August to 5 October 2026 at JPY 2,270 per share.
Featured in Issue #36 · Oct 11, 2026
Tohoku Steel Co., Ltd. 5484.T (JP) · ¥4,460.00 · MCAP $210M · EV $139M
Daido Steel and joint holders reported 95.75% ownership of Tohoku Steel (5484.T) as of September 30, 2026.
Featured in Issue #36 · Oct 11, 2026
CE Holdings Co., Ltd. 4320.T (JP) · ¥1,631.00 · MCAP $172M · EV $148M
CE Holdings board resolved on 2026-10-09 to convene an extraordinary general meeting on 2026-11-13 to approve a share consolidation.
Featured in Issue #36 · Oct 11, 2026
ALBIS Co.,Ltd. 7475.T (JP) · ¥3,770.00 · MCAP $199M · EV $223M
Life Corporation is taking ALBIS Co., Ltd. (7475.T) private through a cash tender offer at ¥3,780 (~$24) per share.
Featured in Issue #36 · Oct 11, 2026
Kobayashi Pharmaceutical 4967.T (JP) · ¥7,238.00 · MCAP $3.4B · EV $3.0B
NSSK and CVC Capital Partners submitted a non-binding preliminary joint proposal to take Kobayashi Pharmaceutical (4967.T) private.
Featured in Issue #36 · Oct 11, 2026
baudroie,inc. 4413.T (JP) · ¥2,970.00 · MCAP $586M · EV $574M
BCPE Neon Cayman, L.P. is taking baudroie (4413.T) private after its tender offer for shares at 2,970 yen succeeded.
Featured in Issue #36 · Oct 11, 2026
Satudora Holdings Co.,Ltd. 3544.T (JP) · ¥1,247.00 · MCAP $109M · EV $163M
Terra Co., Ltd. is taking Satudora Holdings Co., Ltd. (3544.T) private through a share consolidation following its completed tender offer at ¥1,260 per share, raised from the original ¥1,220 on July 10, 2026.
Featured in Issue #36 · Oct 11, 2026
Capital Returns 7 situations
Koyosha Inc. 7946.T (JP) · MCAP $6M · EV $2M
Board authorized buyback of 250,000 shares up to JPY 100.0 million (~$631.9K) on December 19, 2025, with acquisition period December 22, 2025 to December 21, 2026.
Featured in Issue #36 · Oct 11, 2026
ANA Holdings Inc. 9202.T (JP) · ¥2,915.50 · MCAP $8.0B · EV $8.0B
ANA Holdings Inc. (9202.T) spent JPY 9.7 billion (~$61M) to repurchase 3.3 million shares in September 2026.
Featured in Issue #36 · Oct 11, 2026
ISEKI & Co., Ltd. 6310.T (JP) · ¥1,831.00 · MCAP $262M · EV $643M
ISEKI & Co., Ltd. (6310.T) announced a secondary offering of 1,352,100 common shares and an over-allotment of up to 202,800 shares.
Featured in Issue #36 · Oct 11, 2026
Daido Signal Co., Ltd. 6743.T (JP) · ¥1,066.00 · MCAP $105M · EV $142M
Daido Signal Co., Ltd. (6743.T) completed its buyback on August 10, 2026, acquiring 1,964,500 shares for JPY 1,805,375,500 at JPY 919 per share through ToSTNeT-3.
Featured in Issue #36 · Oct 11, 2026
EIZO Corporation 6737.T (JP) · ¥3,190.00 · MCAP $766M · EV $656M
EIZO Corporation (6737.T) repurchased 604,000 shares for ¥1.9 billion (~$12M) in September 2026 (share buyback status report).
Featured in Issue #36 · Oct 11, 2026
CKD Corporation 6407.T (JP) · ¥5,630.00 · MCAP $2.5B · EV $2.4B
CKD Corporation (6407.T) is pairing a secondary offering of 3.6 million shares, with an over-allotment of up to 535,500 shares, with a concurrent buyback of up to 1.3 million shares or ¥5 billion (~$32M).
Featured in Issue #36 · Oct 11, 2026
Sodick Co., Ltd. 6143.T (JP) · ¥1,752.00 · MCAP $554M · EV $416M
Sodick Co., Ltd. (6143.T) approved a share offering of 5.7 million common shares and a concurrent treasury stock acquisition on October 5, 2026.
Featured in Issue #36 · Oct 11, 2026
Divestitures 6 situations
NIDEC Corporation 6594.T (JP) · ¥2,010.00 · MCAP $15.5B · EV $17.0B
NIDEC Corporation (6594.T) resolved on October 1, 2026 to sell all 66,302,120 shares of Nidec Components Corporation to TCG2603 Corporation, a company indirectly held by Carlyle-related investment funds, for ¥102.98…
Featured in Issue #36 · Oct 11, 2026
Fuji Media Holdings 4676.T (JP) · ¥3,966.00 · MCAP $3.6B · EV $6.9B
Fuji Media Holdings (4676.T) is preparing to sell its real estate subsidiary, Sankei Building, in a transaction that could reach ¥1 trillion ($6.3 billion) including debt.
Featured in Issue #36 · Oct 11, 2026
TDK Corporation 6762.T (JP) · ¥3,530.00 · MCAP $42.4B · EV $41.8B
TDK Corporation (6762.T) is reportedly selling its hard drive head business to either Seagate or Toshiba for potentially several billion dollars.
Featured in Issue #36 · Oct 11, 2026
Teno Holdings Co., Ltd. 7037.T (JP) · ¥796.00 · MCAP $23M · EV $39M
Teno Holdings' board resolved on October 5, 2026 to transfer all shares of its specified subsidiary Safety Japan Risk Management Co., Ltd. Teno Holdings currently holds 2,600 voting rights, representing 100% of Safety…
Featured in Issue #36 · Oct 11, 2026
Seven & i Holdings Co., Ltd. 3382.T (JP) · ¥1,991.50 · MCAP $26.7B · EV $48.8B
Seven & i Holdings (3382.T) delayed the initial public offering of its North American 7-Eleven unit to April 2027 or later from the second half of 2026.
Featured in Issue #36 · Oct 11, 2026
Nippon Chutetsukan Co., Ltd. 5612.T (JP) · ¥1,576.00 · MCAP $32M · EV $73M
Nippon Chutetsukan signed an absorption split agreement on October 5, 2026 to transfer its ductile iron pipe (straight pipe) manufacturing business to wholly owned subsidiary Nitchu Tech Co., Ltd. After the split…
Featured in Issue #36 · Oct 11, 2026
Tender Offers 5 situations
Taiyo Holdings Co., Ltd. 4626.T (JP) · ¥4,800.00 · MCAP $3.4B · EV $3.4B
KJ005 Co., Ltd., the KKR-led buyer, delayed its tender offer for Taiyo Holdings Co., Ltd. (4626.T) from early October 2026 to around late November 2026, at a tender price of ¥4,750 (~$30) per share.
Featured in Issue #36 · Oct 11, 2026
ProjectHoldings, Inc. 9246.T (JP) · ¥2,194.00 · MCAP $74M · EV $69M
TX1 Co., Ltd. updated its tender offer for ProjectHoldings, Inc. (9246.T) to reflect a shortened regulatory waiting period for share acquisitions at ¥2,200 (~$14) per share (corrected tender offer report).
Featured in Issue #36 · Oct 11, 2026
BASE, Inc. 4477.T (JP) · ¥382.00 · MCAP $275M · EV $138M
SBINM LLC, a subsidiary of SBI Holdings (SBIHD), extended the deadline for its cash tender offer for BASE, Inc. (4477.T) to October 21, 2026, from October 15, 2026.
Featured in Issue #36 · Oct 11, 2026
BASE, Inc. 4477.T (JP) · ¥339.00 · MCAP $248M · EV $110M
SBINM GK is tendering for BASE, Inc. common shares at ¥340 per share.
Featured in Issue #35 · Oct 4, 2026
Kakaku.com, Inc. 2371.T (JP) · ¥3,805.00 · MCAP $4.8B · EV $4.5B
Kamgras 1 Co., Ltd. raised its cash tender offer price for Kakaku.com, Inc. (2371.T) from ¥3,680 (~$23) to ¥3,681 (~$23) per share on September 29, 2026.
Featured in Issue #35 · Oct 4, 2026
Delistings 4 situations
Shinko Shoji Co., Ltd. 8141.T (JP) · ¥1,569.00 · MCAP $283M · EV $131M
Shinko Shoji Co., Ltd. (TSE Prime, code 8141) held an extraordinary general meeting on October 9, 2026; both proposals were approved as originally submitted.
Featured in Issue #36 · Oct 11, 2026
Anshin Guarantor Service Co., Ltd. 7183.T (JP) · ¥255.00 · MCAP $28M
Anshin Guarantor Service Co., Ltd. announced its common shares will be delisted from the Tokyo Stock Exchange effective October 9, 2026.
Featured in Issue #36 · Oct 11, 2026
Ryomo Systems Co., Ltd. 9691.T (JP) · ¥5,160.00 · MCAP $114M · EV $91M
Ryomo Systems Co., Ltd. (9691.T) will be delisted from the Tokyo Stock Exchange Standard Market on 9 October 2026 following shareholder approval of a share consolidation on 16 September 2026.
Featured in Issue #36 · Oct 11, 2026
Nissin Shoji Co., Ltd. 7490.T (JP) · ¥2,192.00 · MCAP $93M · EV $102M
Nissin Shoji Co., Ltd. (7490.T) will be delisted from the Tokyo Stock Exchange Standard Market on 9 October 2026 following approval of a share consolidation at the 10 September extraordinary shareholders’ meeting.
Featured in Issue #36 · Oct 11, 2026
Strategic Reviews 2 situations
Ricoh Company, Ltd. 7752.T (JP) · ¥1,670.50 · MCAP $6.0B · EV $8.1B
Ricoh announced a strategic review on October 6, 2026.
Featured in Issue #36 · Oct 11, 2026
Japan Post Holdings 6178.T (JP) · ¥2,503.50 · MCAP $42.7B
Japan Post Holdings (6178.T) established a wholly owned subsidiary, Japan Post Real Estate Investment Management, with JPY 300 million (~$1.9M) in capital to monetize its property portfolio.
Featured in Issue #36 · Oct 11, 2026
Restructuring 1 situation
World Co., Ltd. 3612.T (JP) · ¥1,541.00 · MCAP $743M · EV $1.4B
World Co., Ltd. (3612.T) is supporting the reconstruction of towel maker Uchino through a distressed business succession.
Featured in Issue #36 · Oct 11, 2026
Liquidations 1 situation
RS Technologies Co., Ltd. 3445.T (JP) · ¥6,120.00 · MCAP $1.0B · EV $1.0B
RS Technologies Co., Ltd. (3445.T) resolved on 9 October 2026 to dissolve RS Precision Devices (Huizhou) Co., Ltd. and cancel its planned entry into automotive camera modules.
Featured in Issue #36 · Oct 11, 2026
Litigation Outcomes 1 situation
SoftBank Group Corp. 9984.T (JP) · ¥5,803.00 · MCAP $209.0B · EV $378.3B
SoftBank Group Corp. (9984.T) has indirect exposure through its controlling stake in Arm Holdings to Qualcomm’s licensing-contract lawsuit against Arm.
Featured in Issue #36 · Oct 11, 2026
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