Updated August 23, 2026 · through Special Situations Digest #29 (Aug 23, 2026) · 53 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 974+ additional Japanese situations from prior issues. Each item links to the underlying filing or news source.
The full weekly digest covers 500 to 700 situations across 25+ markets every Sunday (608 in Digest #29), with Excel/PDF/JSON exports, Copy-for-LLM and a searchable database of 9,500+ situations. Subscribe for full access.
Related: Japan activist campaigns tracker: every Japanese activist target, grouped by company.
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Activist Campaigns 37 situations
Infomart Corporation 2492.T (JP) · ¥590.00 · MCAP $990M · EV $879M
Oasis Management Company Ltd. increased its stake in Infomart Corporation (2492.T) to 12.13% to push for structural changes.
Featured in Issue #29 · Aug 23, 2026
Yamada Holdings Co., Ltd. 9831.T (JP) · ¥705.50 · MCAP $2.9B · EV $4.6B
City Index Eleventh Co., Ltd. and three co-filers increased their joint stake in Yamada Holdings (9831.T) to 7.33% to push for capital policy changes, asset divestitures, industry reorganization, or a go-private…
Featured in Issue #29 · Aug 23, 2026
EN Co., Ltd. 4849.T (JP) · ¥1,586.00 · MCAP $377M · EV $235M
Oasis Management Company Ltd. increased its stake in EN Co., Ltd. (4849.T) to 12.41% to push for a change in control and corporate governance.
Featured in Issue #29 · Aug 23, 2026
IWABUCHI CORPORATION 5983.T (JP) · ¥12,950.00 · MCAP $85M · EV $62M
Senjin Capital Pty Ltd and James Halse hold a 9.19% stake in Iwabuchi Corporation (5983.T) and intend to propose changes to board composition, capital policy, dividends, and M&A.
Featured in Issue #29 · Aug 23, 2026
Beat Holdings Limited 9399.T (JP) · ¥17.00 · MCAP $19.6M
H.a.N Group, led by shareholder Lian Yih Hann, submitted a revised proposal, replacing its July 16, 2026 proposal.
Featured in Issue #29 · Aug 23, 2026
Hakuhodo DY Holdings Inc. 2433.T (JP) · ¥1,307.50 · MCAP $3.0B · EV $2.8B
Silchester International Investors LLP disclosed a 5.07% stake in Hakuhodo DY Holdings Inc. (2433.T) in a large shareholding report.
Featured in Issue #29 · Aug 23, 2026
TOW Co., Ltd. 4767.T (JP) · ¥401.00 · MCAP $104M · EV $54M
MI2 Co., Ltd., Takateru Murakami, and MI5 Co., Ltd. increased their joint stake in TOW Co., Ltd. (4767.T) to 6.41% to push for capital policy and corporate governance changes.
Featured in Issue #29 · Aug 23, 2026
EBARA JITSUGYO CO., LTD. 6328.T (JP) · ¥2,458.00 · MCAP $364M · EV $255M
Nippon Active Value Fund PLC holds a 7.06% stake in Ebara Jitsugyo Co., Ltd. (6328).
Featured in Issue #29 · Aug 23, 2026
SMS Co., Ltd. 2175.T (JP) · ¥2,366.00 · MCAP $1.2B · EV $1.2B
Oasis Management Company Ltd. increased its stake in SMS Co., Ltd. (2175.T) to 21.34% to push for structural changes and potential delisting.
Featured in Issue #29 · Aug 23, 2026
Datasection Inc. 3905.T (JP) · ¥1,725.00 · MCAP $346M · EV $345M
FIRST PLUS FINANCIAL HOLDINGS PTE. LTD. reported a 54.41% stake in DataSection Corporation (3905.T) as of 2026-08-14.
Featured in Issue #29 · Aug 23, 2026
Sanyo Denki Co., Ltd. 6516.T (JP) · ¥5,500.00 · MCAP $1.2B · EV $1.1B
Strategic Capital Inc. reduced its stake in Sanyo Electric Co., Ltd. (6516.T) to 12.15% as of 2026-08-12, down from 13.18%.
Featured in Issue #29 · Aug 23, 2026
Univance Corporation 7254.T (JP) · ¥804.00 · MCAP $106M · EV $29M
Be Brave Co., Ltd. increased its stake in Univance Corporation (7254.T) to 7.09% and is pushing for capital returns.
Featured in Issue #29 · Aug 23, 2026
Nichirei Corporation 2871.T (JP) · ¥2,182.50 · MCAP $3.4B · EV $4.2B
Oasis Management Company Ltd. increased its stake in Nichirei Corporation (2871.T) to 7.27% to influence management.
Featured in Issue #29 · Aug 23, 2026
Art Vivant Co., Ltd. 7523.T (JP) · ¥1,900.00 · MCAP $109M · EV $122M
Hiroyuki Maki filed a large shareholding report for Art Vivant Co., Ltd. (TSE Standard, code 7523) dated 2026-08-18.
Featured in Issue #29 · Aug 23, 2026
M3, Inc. 2413.T (JP) · ¥1,708.00 · MCAP $7.2B · EV $6.8B
Oasis Management Company Ltd. increased its stake in M3, Inc. (2413.T) to 6.26% and intends to propose changes to the board and dividend policy.
Featured in Issue #29 · Aug 23, 2026
IWAKI CO., LTD. 6237.T (JP) · ¥4,400.00 · MCAP $614M · EV $577M
Charon Finance GmbH increased its stake in IWAKI CO., LTD. (6237.T) to 18.95% to push for changes to board composition and capital policy.
Featured in Issue #29 · Aug 23, 2026
Nasu Electric Machinery & Iron Works Co., Ltd. 5922.T (JP) · ¥20,230.00 · MCAP $148M · EV $114M
Nippon Active Value Fund PLC, NAVF Select (Master) Fund LP, and Dalton Investments, Inc. increased their joint stake in Nasu Electric Machinery & Iron Works Co., Ltd. (5922.T) to 12.68% through market purchases between…
Featured in Issue #29 · Aug 23, 2026
Taki Chemical Co., Ltd. 4025.T (JP) · ¥6,070.00 · MCAP $319M · EV $277M
Asset Value Investors Limited took a 6.08% stake in Taki Chemical Co., Ltd. (4025.T) to potentially push for corporate value improvements.
Featured in Issue #29 · Aug 23, 2026
Dentsu Soken Inc. 4812.T (JP) · ¥2,752.00 · MCAP $3.4B · EV $2.9B
Oasis plans to increase its stake by more than 5 percentage points within three months of the reporting obligation date, subject to market conditions and regulatory approval.
Featured in Issue #29 · Aug 23, 2026
IWAKI CO., LTD. 6237.T (JP) · ¥4,400.00 · MCAP $614M · EV $577M
Dalton Investments, Inc. reduced its stake in IWAKI CO., LTD. (6237.T) to 4.96% from 6.62%.
Featured in Issue #29 · Aug 23, 2026
Unbanked, Inc. 8746.T (JP) · ¥97.00 · MCAP $11M
Unbanked, Inc. (8746) is facing shareholder proposals to reduce its board size and audit committee membership, which the board opposes in principle due to governance and operational risks, although it supports two of…
Featured in Issue #29 · Aug 23, 2026
TADANO LTD. 6395.T (JP) · JPY 1,431 · MCAP $1.1B · EV $1.5B
Silchester International Investors LLP is pushing for capital policy changes and business restructuring at Tadano Ltd. (6395.T).
Featured in Issue #28 · Aug 16, 2026
Dainichi Industrial Co., Ltd. 5951.T (JP) · JPY 1,199 · MCAP $122M · EV $57M
Rangeley also proposes disclosure of a management plan with explicit capital cost assumptions and addition of at least one outside director with capital markets experience.
Featured in Issue #28 · Aug 16, 2026
TOW Co., Ltd. 4767.T (JP) · JPY 387 · MCAP $100M · EV $50M
MI2 Co., Ltd., Takaki Murakami, and MI5 Co., Ltd. took a combined 5.37% stake in TOW Co., Ltd. (4767.T) to push for capital policy and corporate governance changes.
Featured in Issue #28 · Aug 16, 2026
Metalart Corporation 5644.T (JP) · MCAP $834K
Takaki Murakami and MI2 Co., Ltd. increased their combined stake in Metalart Corporation (5644.T) to 26.74% to push for capital policy changes and evaluate going-private terms.
Featured in Issue #28 · Aug 16, 2026
Nippon Chemical Industrial Co., Ltd. 4092.T (JP) · JPY 5,550 · MCAP $302M · EV $353M
C&I Holdings Co., Ltd. and City Index Elevenths Co., Ltd. hold an 8.06% stake in Nippon Chemical Industrial Co., Ltd. (4092.T), down from a prior 9.11%.
Featured in Issue #28 · Aug 16, 2026
Meisei Industry Co., Ltd. 1976.T (JP) · JPY 1,875 · MCAP $540M · EV $314M
Nippon Active Value Fund PLC increased its stake in Meisei Industry Co., Ltd. to 8.39%.
Featured in Issue #28 · Aug 16, 2026
AEON Financial Service Co., Ltd. 8570.T (JP) · JPY 1,634 · MCAP $2.2B
Oasis Management Company Ltd. increased its stake in AEON Financial Service Co., Ltd. (8570.T) to 10.8% to push for management and capital policy changes.
Featured in Issue #28 · Aug 16, 2026
F-ON Co., Ltd. 9514.T (JP) · ¥347.00 · MCAP $46M · EV $143M
A shareholder is pushing EF-ON Inc. (9514.T) to increase dividends and shift dividend authority from the board to shareholders.
Featured in Issue #28 · Aug 16, 2026
Fuller Co., Ltd. 387A.T (JP) · JPY 974 · MCAP $10M · EV $4M
One individual shareholder submitted a proposal for the September 28, 2026 AGM to amend the articles of incorporation.
Featured in Issue #28 · Aug 16, 2026
Tokuyama Corporation 4043.T (JP) · JPY 4,244 · MCAP $1.9B · EV $2.7B
Oasis Management Company Ltd. filed an initial 5%+ large shareholding report on Tokuyama Corporation (4043.T) dated 2026-08-12.
Featured in Issue #28 · Aug 16, 2026
DTS Corporation 9682.T (JP) · JPY 1,098 · MCAP $1.1B · EV $908M
Asset Value Investors took a 6.4% stake in DTS Corporation (9682.T).
Featured in Issue #28 · Aug 16, 2026
Sumitomo Heavy Industries, Ltd. 6302.T (JP) · JPY 5,998 · MCAP $4.5B · EV $5.4B
Silchester International Investors LLP is pushing for capital policy and governance changes at Sumitomo Heavy Industries, Ltd. (6302.T).
Featured in Issue #28 · Aug 16, 2026
Infomart Corporation 2492.T (JP) · JPY 614 · MCAP $1.0B · EV $917M
Oasis Management Company Ltd. increased its stake in Infomart Corporation (2492.JP) to 9.74% as of June 30, 2026, up from 8.54%.
Featured in Issue #28 · Aug 16, 2026
M3, Inc. 2413.T (JP) · JPY 1,698 · MCAP $7.1B · EV $6.8B
Oasis Management Company Ltd. is pushing for improved corporate governance and business strategy changes at M3, Inc. (2413).
Featured in Issue #28 · Aug 16, 2026
Syuppin Co., Ltd. 3179.T (JP) · JPY 1,218 · MCAP $162M · EV $194M
Syuppin Co., Ltd. (3179.T) will hold an extraordinary general meeting to vote on two director candidates after the board adopted proposals originally submitted by Takumi Capital Management Master Fund LP.
Featured in Issue #28 · Aug 16, 2026
SAAF Holdings Co., Ltd. 1447.T (JP) · JPY 379 · MCAP $58M · EV $99M
SAAF Holdings Co., Ltd. (1447.T) adjusted the timeline for a free allotment of share options to dilute a specific shareholder group.
Featured in Issue #28 · Aug 16, 2026
Capital Returns 28 situations
Bull-Dog Sauce Co., Ltd. 2804.T (JP) · ¥1,844.00 · MCAP $146M · EV $143M
Bull-Dog Sauce Co., Ltd. (2804) is updating its management plan to address a price-to-book ratio below 1.0x and an ROE that is roughly equivalent to its 4% to 5% cost of equity capital.
Featured in Issue #29 · Aug 23, 2026
Papyless Co., Ltd. 3641.T (JP) · ¥973.00 · MCAP $53M · EV -$13M
Papyless acquired treasury shares via a ToSTNeT-3 off-auction block trade on the Tokyo Stock Exchange on August 21, 2026.
Featured in Issue #29 · Aug 23, 2026
Eltes Co., Ltd. 3967.T (JP) · ¥605.00 · MCAP $24M · EV $31M
Eltes Co., Ltd. (3967.T) reduced its potential share count by 860,700 shares to eliminate a dilution overhang.
Featured in Issue #29 · Aug 23, 2026
NICHIDEN Corporation 9902.T (JP) · ¥3,035.00 · MCAP $564M · EV $452M
NICHIDEN Corporation (9902) completed its treasury stock acquisition and will cancel the acquired shares.
Featured in Issue #29 · Aug 23, 2026
Advantest Corporation 6857.T (JP) · ¥35,900.00 · MCAP $163.5B · EV $161.6B
In July 2026, Advantest acquired 1,684,500 shares for JPY 47,957,660,500 (~$302M).
Featured in Issue #29 · Aug 23, 2026
MERF Co., Ltd. 3168.T (JP) · ¥1,442.00 · MCAP $128M · EV $234M
Board resolved to propose a year-end dividend with record date August 31, 2026.
Featured in Issue #29 · Aug 23, 2026
Curves Holdings Co., Ltd. 7085.T (JP) · ¥960.00 · MCAP $556M · EV $521M
Curves Holdings Co., Ltd. (TSE Prime: 7085) resolved to cancel 1,000,000 treasury shares under Article 178 of the Companies Act.
Featured in Issue #29 · Aug 23, 2026
NEXON Co., Ltd. 3659.T (JP) · ¥3,045.00 · MCAP $15.0B · EV $10.1B
NEXON Co., Ltd. (3659.T) is returning ¥324.00 billion (~$2.0B) (US$2.00 billion) to shareholders via a special dividend to improve capital efficiency.
Featured in Issue #29 · Aug 23, 2026
Kyushu Financial Group, Inc. 7180.T (JP) · JPY 1,548 · MCAP $4.1B
Cumulative treasury stock acquired stands at 1,792,300 shares, representing 14.94% of the share limit.
Featured in Issue #28 · Aug 16, 2026
Atlas Technologies Co., Ltd. 9563.T (JP) · JPY 321 · MCAP $15M · EV $5M
Atlas Technologies Corporation (9563.T) will pay its inaugural dividend of ¥7.00 per share for the fiscal year ending December 2026.
Featured in Issue #28 · Aug 16, 2026
Precision System Science Co., Ltd. 7707.T (JP) · JPY 219 · MCAP $38M · EV $37M
Total dividend amount is JPY 54,921,000, (~$344.8K) sourced from retained earnings.
Featured in Issue #28 · Aug 16, 2026
Shinozakiya Co., Ltd. 2926.T (JP) · ¥119.00 · MCAP $11M
Board resolved a 40th Anniversary Special Dividend of ¥1 per share.
Featured in Issue #28 · Aug 16, 2026
GMO Pepabo, Inc. 3633.T (JP) · JPY 2,200 · MCAP $71M · EV $42M
GMO Pepabo (3633.T) raised its dividend to ¥167 per share, adding a ¥74 special dividend to the ordinary ¥93 payout.
Featured in Issue #28 · Aug 16, 2026
Nexon Co., Ltd. 3659.T (JP) · JPY 3,022 · MCAP $14.9B · EV $10.0B
NEXON Co., Ltd. (3659.T) is increasing shareholder returns through a ¥415 per share special dividend and a treasury share cancellation.
Featured in Issue #28 · Aug 16, 2026
Hanwa Co., Ltd. 8078.T (JP) · JPY 1,842 · MCAP $2.2B · EV $4.0B
An earlier November 7, 2025 resolution (1,000,000 shares, ¥5,000,000,000 (~$31M)) is 100.0% complete by value at ¥4,999,863,000 (~$31M).
Featured in Issue #28 · Aug 16, 2026
Tokio Marine Holdings, Inc. 8766.T (JP) · JPY 7,540 · MCAP $89.9B
Cumulative repurchases through July 31, 2026 total 38,625,800 shares for ¥287,399,432,800 (~$1.8B) — 80.12% of authorized shares and 100.00% of authorized yen value.
Featured in Issue #28 · Aug 16, 2026
Asahi Kasei Corporation 3407.T (JP) · JPY 1,702 · MCAP $14.4B · EV $20.3B
Asahi Kasei Corporation (3407.T) has utilized 73.5% of its authorized buyback budget.
Featured in Issue #28 · Aug 16, 2026
Mabuchi Motor Co., Ltd. 6592.T (JP) · JPY 1,742 · MCAP $2.6B · EV $1.9B
In July 2026, Mabuchi repurchased 2,475,100 shares for JPY 4,020,411,800 (~$25M) via discretionary market purchases on the Tokyo Stock Exchange.
Featured in Issue #28 · Aug 16, 2026
JSH Co., Ltd. 150A.T (JP) · JPY 619 · MCAP $22M · EV $25M
JSH Co., Ltd. (150A.T) announced its first-ever dividend forecast of ¥3.00 per share for the fiscal year ending March 2027.
Featured in Issue #28 · Aug 16, 2026
Medley, Inc. 4480.T (JP) · JPY 2,677 · MCAP $508M · EV $550M
Medley, Inc. (TSE Prime: 4480) resolved on August 13, 2026 to pay its first-ever dividend from retained earnings.
Featured in Issue #28 · Aug 16, 2026
Aval Data Corporation 6918.T (JP) · ¥3,930.00 · MCAP $144M
Aval Data Corporation's board resolved to cancel 353,700 treasury shares under Article 178 of the Companies Act.
Featured in Issue #28 · Aug 16, 2026
EUCALIA Inc. 286A.T (JP) · JPY 822 · MCAP $184M · EV $320M
EUCALIA Inc. (286A.T) has repurchased 91,900 shares for JPY 66,697,800 (~$418.7K) as of July 31, 2026.
Featured in Issue #28 · Aug 16, 2026
Sony Group Corporation 6758.T (JP) · JPY 3,912 · MCAP $144.2B · EV $144.8B
Sony Group Corporation (6758.T) has deployed 38.78% of its authorized buyback capacity.
Featured in Issue #28 · Aug 16, 2026
Living Technologies Inc. 4445.T (JP) · ¥1,821.00 · MCAP $28M · EV $22M
Cumulative repurchases through July 31, 2026 total 223,000 shares / ¥400,208,300, (~$2.5M) representing 53.10% of authorized shares and 44.47% of authorized amount.
Featured in Issue #28 · Aug 16, 2026
Meito Co., Ltd. 2207.T (JP) · JPY 3,625 · MCAP $371M · EV $456M
Meito Co., Ltd. (2207.T) has utilized 13.7% of its current share buyback authorization by value.
Featured in Issue #28 · Aug 16, 2026
MEEQ Inc. 332A.T (JP) · JPY 1,080 · MCAP $78M · EV $49M
MEEQ Inc. (332A.T) completed a treasury share buyback of 574,200 shares on August 13, 2026, via a ToSTNeT-3 off-auction transaction.
Featured in Issue #28 · Aug 16, 2026
CELM,Inc. 7367.T (JP) · JPY 338 · MCAP $46M · EV $48M
CELM, Inc. board resolved to cancel 400,000 common treasury shares under Article 178 of the Companies Act.
Featured in Issue #28 · Aug 16, 2026
Kyoto Financial Group, Inc. 5844.T (JP) · JPY 5,073 · MCAP $9.0B
Kyoto Financial Group, Inc. (5844.T) has repurchased 47.7% of its authorized buyback amount.
Featured in Issue #28 · Aug 16, 2026
Acquisitions 9 situations
Recomm Co., Ltd. 3323.T (JP) · ¥89.00 · MCAP $45M · EV $77M
Recomm Co., Ltd. will become the wholly owning parent of Tomiya Co., Ltd. via a share exchange agreement.
Featured in Issue #29 · Aug 23, 2026
DVX Co., Ltd. 3079.T (JP) · ¥936.00 · MCAP $62M · EV $43M
DVX board resolved to cancel all treasury shares under Companies Act Article 178.
Featured in Issue #29 · Aug 23, 2026
Mitsubishi Electric Corporation 6503.T (JP) · ¥5,602.00 · MCAP $72.1B · EV $69.4B
Mitsubishi Electric Corporation (6503.T) agreed to acquire PCI Energy Solutions for USD 1.4 billion in cash to expand its Smart Energy focus area.
Featured in Issue #29 · Aug 23, 2026
Agent Co., Ltd. 7098.T (JP) · ¥641 · MCAP $20.5M
Agent Co., Ltd. (7098) will absorb its 100% subsidiary, anyenv Co., Ltd., with Agent Co., Ltd. as the surviving company.
Featured in Issue #29 · Aug 23, 2026
Metaplanet Inc. 3350.T (JP) · ¥306.00 · MCAP $2.5B · EV $2.9B
Metaplanet Inc. is acquiring a 95.7% stake in Super League Enterprise, Inc. for 2,100 bitcoins and USD 2.5 million.
Featured in Issue #29 · Aug 23, 2026
Cookbiz Co., Ltd. 6558.T (JP) · ¥665.00 · MCAP $12M · EV $13M
Cookbiz board resolved on 2026-08-19 to subscribe to Neton's third-party allotment, making Neton a consolidated subsidiary.
Featured in Issue #29 · Aug 23, 2026
Maruyoshi Center Co., Ltd. 7515.T (JP) · ¥4,640.00 · MCAP $27M · EV $60M
Maruyoshi Center Co., Ltd. resolved on August 19, 2026 to acquire additional shares of consolidated subsidiary Rex Co., Ltd. to make it wholly owned.
Featured in Issue #29 · Aug 23, 2026
WDI Co., Ltd. 3068.T (JP) · ¥3,025.00 · MCAP $119M · EV $150M
WDI Co., Ltd. resolved on August 18, 2026 to acquire the remaining 30% of WDI Dim Sum Japan Co., Ltd. from Dim Sum Pte.
Featured in Issue #29 · Aug 23, 2026
JAPAN Creative Platform Group Co., Ltd. 7814.T (JP) · ¥624.00 · MCAP $184M · EV $442M
Nippon Sohatsu Group will make Metal Creation Co., Ltd. a wholly-owned subsidiary through a share exchange effective October 2, 2026.
Featured in Issue #29 · Aug 23, 2026
Divestitures 7 situations
Trial Holdings Co., Ltd. 141A.T (JP) · ¥4,005.00 · MCAP $3.1B · EV $5.2B
Trial Holdings' consolidated subsidiary Trial Company, Inc. resolved to transfer all shares of specified subsidiary Seiyu Co., Ltd. to Unicorn LLC. Share transfer agreement executed; transfer effective 2026-12-01…
Featured in Issue #29 · Aug 23, 2026
Topy Industries, Ltd. 7231.T (JP) · ¥3,095.00 · MCAP $421M · EV $662M
Topy Industries, Ltd. (7231.T) will divest its 100% stake in Ring-Techs (Guangzhou) Automotive Parts Co., Ltd. to an unnamed Chinese domestic company.
Featured in Issue #29 · Aug 23, 2026
Sanden Corporation 6444.T (JP) · ¥202.00 · MCAP $143M · EV $553M
Sanden Corporation entered into a real estate sales agreement on August 17, 2026, for the Sanden Forest/Akagi Business Site in Maebashi City, Gunma Prefecture.
Featured in Issue #29 · Aug 23, 2026
Japan Data Science Consortium Co.Ltd. 4418.T (JP) · ¥1,043.00 · MCAP $104M · EV $79M
JDSC Co., Ltd. (Japan Data Science Consortium Co. Ltd.) resolved on August 14, 2026 to transfer all shares of consolidated subsidiary Mail Customer Center Co., Ltd. A share transfer agreement was executed.
Featured in Issue #29 · Aug 23, 2026
IID, Inc. 6038.T (JP) · JPY 843 · MCAP $26M · EV $9M
IID, Inc. resolved on August 14, 2026 to transfer all shares held in specified subsidiary Enfactory Co., Ltd. IID held 9,300 voting rights in Enfactory, representing 78.81% of total voting rights before the change.
Featured in Issue #28 · Aug 16, 2026
Monstarlab Inc. 5255.T (JP) · JPY 99 · MCAP $40M · EV $53M
Monster Lab Co., Ltd. resolved on August 10, 2026 to conduct a share exchange involving its consolidated subsidiary Monster Lab Omnibus Co., Ltd. SAMI Japan Co., Ltd. will become the wholly-owning parent company of…
Featured in Issue #28 · Aug 16, 2026
BeMap Inc. 4316.T (JP) · JPY 84 · MCAP $2M · EV $1M
BeMap decided to partially dispose of shares in consolidated subsidiary MMS Marketing Co., Ltd. MMS Marketing will be excluded from consolidation and become an equity-method affiliate.
Featured in Issue #28 · Aug 16, 2026
Going-Private 6 situations
Solasto Corporation 6197.T (JP) · ¥1,118 · MCAP $667M
MP-2605 Co., Ltd. will become the parent company of Solasto Corporation through a share exchange that makes Solasto a wholly-owned subsidiary.
Featured in Issue #29 · Aug 23, 2026
baudroie,inc. 4413.T (JP) · ¥3,020.00 · MCAP $593M · EV $581M
BCPE Neon Cayman, L.P. is taking Baudroie, Inc. (4413.T) private via a management buyout tender offer at JPY 2,970 (~$19) per share.
Featured in Issue #29 · Aug 23, 2026
J.S.B. Co., Ltd. 3480.T (JP) · ¥8,950 · MCAP $1.24B
Ursa 4 Co., Ltd. will take JSB Co., Ltd. private by acquiring all remaining shares and 2nd Series share warrants on September 4, 2026.
Featured in Issue #29 · Aug 23, 2026
Kakaku.com, Inc. 2371.T (JP) · ¥3,715.00 · MCAP $4.6B · EV $4.4B
Kamgras 1 K.K. raised its cash tender offer price to 3,570 yen per share to take Kakaku.com, Inc. (2371.T) private.
Featured in Issue #28 · Aug 16, 2026
JSB Co., Ltd. 3480.T (JP) · JPY 8,820 · MCAP $1.2B · EV $1.2B
Ursa 4 Co., Ltd. is taking JSB Co., Ltd. (3480) private via a share transfer demand to make the company a wholly-owned subsidiary.
Featured in Issue #28 · Aug 16, 2026
Satudora Holdings Co.,Ltd. 3544.T (JP) · JPY 1,249 · MCAP $108M · EV $195M
Tera Co., Ltd. is taking Satudora Holdings Co., Ltd. (3544.T) private via a share consolidation squeeze-out.
Featured in Issue #28 · Aug 16, 2026
Tender Offers 5 situations
Kakaku.com, Inc. 2371.T (JP) · ¥3,700.00 · MCAP $4.6B · EV $4.4B
Kakaku.com, Inc.: Kamgras 1 tender offer price is JPY 3,570 (~$22) per share, with the tender period running until August 27, 2026.
Featured in Issue #29 · Aug 23, 2026
Storage King Co., Ltd. 2997.T (JP) · ¥1,324.00 · MCAP $15M · EV $32M
Arealink acquired 84.14% of Storage King Co., Ltd. (2997.T) via a cash tender offer to take the company private.
Featured in Issue #29 · Aug 23, 2026
CAPITA Co., Ltd. 7462.T (JP) · JPY 393 · MCAP $20M · EV $30M
Momo no Ki Co., Ltd. commenced a tender offer for CAPITA Co., Ltd. (TSE Standard, code 7462) common shares on August 14, 2026.
Featured in Issue #28 · Aug 16, 2026
CE Holdings Co.,Ltd. 4320.T (JP) · JPY 1,648 · MCAP $172M · EV $148M
SK-03 Co., Ltd. launched a cash tender offer to take CE Holdings Co.,Ltd. (4320.T) private at ¥1,650 (~$10) per share.
Featured in Issue #28 · Aug 16, 2026
Satudora Holdings Co.,Ltd. 3544.T (JP) · JPY 1,249 · MCAP $108M · EV $195M
Terra Co., Ltd. acquired control of Satudora Holdings Co., Ltd. (3544.T) through a stock-based tender offer.
Featured in Issue #28 · Aug 16, 2026
Spin-Offs 3 situations
FUJIFILM Holdings 4901.T (JP) · ¥3,329.00 · MCAP $25.0B · EV $31.0B
FUJIFILM Holdings (4901.T) is evaluating a partial spin-off and Tokyo Stock Exchange listing of its Business Innovation unit to potentially unlock value through separate market multiples.
Featured in Issue #29 · Aug 23, 2026
Management Solutions 7033.T (JP) · ¥1,520.00 · MCAP $151M · EV $133M
Management Solutions (7033.T) is preparing to spin off its PROEVER project management business into a new subsidiary via a simplified absorption-type company split.
Featured in Issue #29 · Aug 23, 2026
FUJIFILM Holdings Corporation 4901.T (JP) · JPY 3,329 · MCAP $25.0B · EV $31.0B
FUJIFILM Holdings Corporation (4901.T) is assessing a partial spin-off of its FUJIFILM Business Innovation Corporation subsidiary, which may include a public listing of the unit's shares.
Featured in Issue #28 · Aug 16, 2026
Litigation Outcomes 2 situations
Japan M&A Solutions Co., Ltd. 9236.T (JP) · ¥1,299.00 · MCAP $12M
Japan M&A Solutions (9236.T) is facing a lawsuit in Tokyo District Court for alleged breach of duty as an M&A intermediary in a 2023 share transfer.
Featured in Issue #29 · Aug 23, 2026
Onamba Co., Ltd. 5816.T (JP) · ¥1,433.00 · MCAP $110M · EV $62M
Kaneka Corporation filed a damages lawsuit against Onamba in Osaka District Court, seeking over ¥3.6 billion (~$23M).
Featured in Issue #29 · Aug 23, 2026
Busted M&A 1 situation
Civil Engineering Management General Laboratory Co., Ltd. 6171.T (JP) · ¥372.00 · MCAP $33M · EV $19M
Feel Co., Ltd. suspended its acquisition of shares in Civil Engineering Management General Laboratory Co., Ltd. (6171.T) on August 18, 2026, only one day after the initial announcement.
Featured in Issue #29 · Aug 23, 2026
Liquidations 1 situation
KDDI Corporation 9433.T (JP) · ¥2,915.50 · MCAP $69.8B · EV $101.2B
KDDI Corporation (9433.T) is liquidating its food delivery subsidiary menu after determining it cannot sustain service provision.
Featured in Issue #29 · Aug 23, 2026
Restructuring 1 situation
TOSHIN Holdings Co., Ltd. 9444.T (JP) · JPY 285 · MCAP $12M
Toshin Holdings Co., Ltd (9444.T) is undergoing court-supervised restructuring following the commencement of corporate rehabilitation proceedings on May 8, 2026.
Featured in Issue #28 · Aug 16, 2026
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