A unit of Hikari Tsushin, Inc. (9435) ended its ¥1,000-a-share tender offer for Leopalace21 Corp. (8848) on Oct. 30, and Hikari Tsushin plans to hold 34.0% of the voting rights in joint holding company K892, making Leopalace21 an equity-method affiliate rather than a consolidated subsidiary.

Accenture Japan Ltd. will launch a tender offer at ¥8,500 per share for Global Security Expert Inc. (4417) to make it a wholly owned subsidiary and take it private, and the target's board has endorsed the bid and recommended that shareholders tender.

Itochu Corp. unit VIC GK will launch a ¥2,880-per-share tender offer for Dentsu Soken (4812) on Nov. 2, after the IT services company's board on Oct. 30 reaffirmed its support and recommended that shareholders tender.

Business Brain Ota Showa (9658) expects to book a ¥17,054 million gain after agreeing to sell its entire 6,006,000-share stake in equity-method affiliate Global Security Expert (4417) back to GSX at ¥5,835 a share, rather than tendering into Accenture Japan Ltd.'s ¥8,500-a-share tender offer.

Kanematsu Corporation (8020) said on Oct. 30 that subsidiary Kanematsu Electronics will sell its entire stake in Global Security Expert (GSX) through a GSX share buyback after a tender offer by Accenture, lifting profit attributable to owners of the parent for the fiscal year ending March 2027 by about ¥14.5 billion.

Itochu Shoji (8001) will launch a tender offer for Dentsu Soken (4812) on Nov. 2, 2026 through its unit Godo Kaisha VIC, offering ¥2,880 per share with the aim of taking the company private.

Satudora Holdings Co., Ltd. (3544) said on Oct. 6 it will ask shareholders at a Nov. 6 extraordinary meeting to approve a share consolidation to complete its management buyout, with its shares scheduled to be delisted on Nov. 25, 2026.

SBINM G.K., a unit of SBI Holdings, Inc., extended its ¥340-per-share tender offer for BASE, Inc. (4477) to Oct. 21, 2026, for a total of 34 business days, after major shareholder Hiroyuki Maki notified BASE he would resume buying its shares with the aim of holding more than 30%.

A tender offer by Amsterdam1 and Amsterdam2 for JPMC (3276), part of a management buyout, succeeded after drawing 9,057,536 shares, above its 5,049,300-share minimum, leaving each bidder with 27.05% of voting rights once settlement begins on Oct. 13, 2026.

Bodorua (4413) said on Oct. 6 that the tender offer by BCPE Neon Cayman, L.P., a Bain Capital-linked vehicle, closed on Oct. 5 with 10,365,448 shares tendered, above the 3,135,200-share minimum, putting the buyer on course to hold 85.68% of voting rights including founders' shares.

TX1 Co., which is making a tender offer for Project Holdings (9246), said Japan's Fair Trade Commission will not issue a cease-and-desist order and has shortened the share acquisition prohibition period to 22 days from 30, prompting an amended tender offer filing on Oct. 6, 2026.

CRAVIA Inc. (6573) said its board on Oct. 6 approved buying 100,000 shares, or 50.0% of the voting rights, in South Korean entertainment company Redstart ENM Inc. from its representative director Gong Hun-cheul for 50,000 won (¥5,000), making it an equity-method affiliate, and lending it up to 1.5 billion won (about ¥165 million) in working capital.

Media Do (3678) said on Oct. 6 it revised the signing and execution dates for the transfer of shares and equity interests in a consolidated subsidiary to Oct. 5, 2026, from Sept. 30, after discovering a deficiency in contract procedures.

Bizmates, Inc. (9345) said it will buy 90.7% of With The World for ¥195,965,217 in cash and acquire the rest through a simplified share exchange involving 34,364 new shares, making the online international exchange provider a wholly owned subsidiary.

Japan M&A Solution Inc. (9236) said its board on Oct. 5, 2026 approved a share exchange to make SBI Tsuji Hongo M&A Co., Ltd. (STH) a wholly owned subsidiary, effective Dec. 4, 2026, after which it plans to rename itself JMA Tsuji Hongo.

BASE, Inc. (4477) said on Oct. 5, 2026 that a major shareholder plans to resume buying its shares from Oct. 2 with the aim of lifting its holding ratio above 30%, amid a tender offer by SBINM LLC, a wholly owned subsidiary of SBI Holdings, Inc.

Takara Holdings Inc. (2531) said on Oct. 5 it will sell a 70% stake in wholly owned logistics unit Takara Butsuryu System Co. to Chuo Warehouse Co. (9319) for ¥5.985 billion and expects to book an estimated ¥3.625 billion extraordinary gain.

Value HR (6078) said on Oct. 2 it will acquire all of health-checkup agency Shin-Akasaka Kenko Kanri Kyokai for ¥1,454 million, paying ¥1.3 billion in cash and the rest with 100,000 treasury shares priced at ¥1,541 each.

KPP Group Holdings (9274) said on Oct. 2, 2026, its consolidated subsidiary Antalis will acquire all shares of nine companies in Switzerland, Central and Eastern Europe and the Baltic states, plus German paper wholesale assets, from OptiGroup's Papyrus Group, a business with fiscal 2025 sales of about €215 million.

Kyokuto Boeki (8093) said on Oct. 1, 2026 that it had completed the absorption-type merger of its wholly owned subsidiary ZRC Japan as scheduled, with the deal taking effect the same day.

NAC Co., Ltd. (9788) said it made Yoko Co., Ltd. a wholly owned subsidiary after a simplified share exchange took effect on Oct. 1, 2026.

ALSOK Co. (2331) said on Oct. 1, 2026 it will raise its voting stake in TCG2511 Co., its joint vehicle with The Carlyle Group, to 51.2% from 28.0% through TCG2511's absorption of Nippon Dry-Chemical Co. (1909), making the merged company a consolidated subsidiary when the merger takes effect Jan. 1, 2027.

Daido Limited (3205) said on Oct. 1, 2026 its board approved absorbing wholly owned subsidiary Daido Forward, which runs its NEWYORKER brand and posted net sales of ¥12.44 billion in the year ended March 2026, effective Dec. 1, 2026.

YRGLM Inc. (3690) said its absorption-type merger of wholly owned subsidiary Atara took effect on Oct. 1, 2026, with no shares, cash or other consideration allotted.

Murata Manufacturing Co. (6981) said its board approved the absorption of wholly owned subsidiary Saitama Murata Manufacturing Co., Ltd., with the merger scheduled to take effect on July 1, 2027, and the unit's site set to close on May 31, 2027.

KTC (Kyoto Kikai Kogu) (5966) said it completed on Oct. 1, 2026 the absorption-type merger of two wholly owned subsidiaries, Hokuriku KTC Tool and HI-TOOL, as originally scheduled.

PCI Solutions Inc. (3918), formerly PCI Holdings, INC., completed the absorption of its wholly owned subsidiary PCI Solutions on Oct. 1, 2026, and adopted the subsidiary's name the same day as it shifts from a pure holding company to an operating holding company.

WOWOW Inc. (4839) said on Oct. 1 it has completed the joint venture that takes over NTT Docomo's Lemino video streaming business, with WOWOW holding 51% of the new company, and has received ¥841.1 million from issuing 815,800 new shares to Docomo at ¥1,031 each.

SBI Holdings (8473) said on Sept. 30 that listed subsidiary SBI Global Asset Management (4765) will absorb SBI Insurance Group (7326) under a basic agreement, with the merger planned to take effect on April 1, 2027, and that its group's ¥340-per-share tender offer for BASE (4477) has been extended to Oct. 15.

Tsukishima Holdings (6332) and Mitsubishi Kakoki (6331) signed business integration and share exchange agreements on Sept. 30, 2026, to combine under a joint holding company on April 1, 2027, and Tsukishima separately approved a buyback of up to 1 million shares worth up to ¥3.0 billion.

Takara Standard Co., Ltd. (7981), a Japanese housing equipment maker, said its board approved on Sept. 30, 2026, absorbing wholly owned subsidiary Takara Kako Co., Ltd., which posted net sales of ¥3.26 billion in the year to March 2026, effective April 1, 2027.

Namura Zosensho (7014) said on Sept. 30, 2026 its board approved absorbing wholly owned subsidiary Imari Tekko Center, which unloads, stores and processes shipbuilding steel, in a merger scheduled to take effect April 1, 2027, with no shares or other assets allotted.

SBINM G.K., a wholly owned subsidiary of SBI Holdings, Inc., has extended its tender offer for BASE, Inc. (4477) shares to Oct. 15, 2026, for a total of 30 business days, keeping the offer price at ¥340 per share.

Chiba Ginko (8331) and Chiba Kogyo Ginko (8337) approved a share transfer plan on Sept. 30 to set up joint holding company Chiba Financial Group on April 1, 2027, with Chiba Ginko President Tsutomu Yonemoto as its president.

Chiba Bank (8331) and Chiba Kogyo Bank (8337) said on Sept. 30 their boards approved a share transfer plan to set up joint holding company Chiba Financial Group on April 1, 2027, with Chiba Bank President Tsutomu Yonemoto as president and Chiba Kogyo Bank President Hitoshi Umeda as deputy president.

FIDEA Holdings (8713) said on Sept. 30 that its wholly owned subsidiaries Shonai Bank and Hokuto Bank signed an agreement to merge on Jan. 1, 2027, forming The FIDEA Bank, Ltd.

Striders Corporation (9816) said its board on Sept. 30, 2026 approved a simplified share exchange to make IT services company block party a wholly owned subsidiary, allotting 16,600 Striders shares for each block party share, or 597,600 treasury shares in total.

Kamgras 1 K.K. has raised its tender offer price for Kakaku.com, Inc. (2371) to ¥3,681 per share from ¥3,680 and extended the offer period to Oct. 14, 2026, Kakaku.com said on Sept. 30.

SBI Global Asset Management (4765) and SBI Insurance Group (7326) signed a basic agreement on Sept. 30 to integrate through a merger under which SBI Insurance Group shareholders would receive 3.53 SBI Global Asset Management shares for each share held, effective April 1, 2027.

SBI Insurance Group Co., Ltd. (7326) and SBI Global Asset Management Co., Ltd. (4765) signed a basic agreement on Sept. 30, 2026 under which SBI Global Asset Management will absorb SBI Insurance Group, allotting 3.53 of its shares for each SBI Insurance Group share, with the merger scheduled to take effect April 1, 2027.

Hau Terebijon (7064) will transfer its mond platform business, which posted a recurring loss of ¥363.578 million on sales of ¥32.897 million in the fiscal year ended January 2026, to wholly owned U.S. subsidiary mond, Inc. on Nov. 30 at no cost, and absorb dormant subsidiary mond Japan on Dec. 1.

Kamgras 1 K.K. said on Sept. 29, 2026 it raised its tender offer price for Kakaku.com (2371) to ¥3,681 per share from ¥3,680 and extended the offer period to Oct. 14, for a total of 105 business days.

Hokko Chemical Industry Co. (4992) said its board on Sept. 29 approved a group reorganization under which it will absorb wholly owned subsidiary Biei Hakudo Kogyo and take over the entire business of subsidiary Hokko Sangyo, while Hokko Sangyo absorbs Hokuko Packs, effective Dec. 1, 2026.

Nippon Seiro Co., Ltd. (5010) said on Sept. 29 its board approved absorbing wholly owned subsidiary Technowax Co., Ltd., effective Jan. 1, 2027, with no shares or cash to be allotted.

Sumitomo Mitsui Financial Group (8316) said SMBC Nikko Securities Inc. will be placed under a new intermediate holding company through a share exchange effective Oct. 1, 2026, with one holding company share allotted for every 200,002 SMBC Nikko common shares.

TX1 K.K., indirectly owned by Blackstone funds, said on Sept. 28 it will launch a tender offer for Tokyo Stock Exchange Growth-listed Project Holdings (9246) at ¥2,200 per share, aiming to make the company a wholly owned subsidiary, with its shares expected to be delisted.

Jimoty Inc. (7082) said its common shares will be delisted from the Tokyo Stock Exchange's Growth market on Sept. 29, 2026, after shareholders approved a share consolidation at an extraordinary general meeting on Aug. 28.

GAIA Inc. (154A) said on Sept. 28 it will buy 150 shares, or 75.00%, of independent financial adviser FP Bank from its founder and acquire the remaining 50 shares through a share exchange allotting 56 GAIA shares per FP Bank share, issuing 2,800 new shares to make FP Bank a wholly owned subsidiary.

Laboro.AI (5586) said on Sept. 28 it will acquire 304 Class C preferred shares, a 4.5% stake, in Tohoku University spin-off Material Concept for ¥100.32 million as part of a business alliance.

Akebono Brake Industry Co. (7238) said on Sept. 28 it has completed the partial sale of its Chinese subsidiary Guangzhou Shuguang Brake and a related third-party share allotment, a deal expected to yield an extraordinary gain of ¥300 million on a consolidated basis and ¥1.0 billion on a non-consolidated basis in the fiscal year ending March 2027.

JG44, an acquisition vehicle wholly owned by a JGIA-managed fund, will launch a ¥2,110-per-share tender offer for HYUGA PRIMARY CARE Co., Ltd. (7133) as part of a management buyout to take the company private.

City Index Fifth said on Sept. 25 it will launch a tender offer for Sankei Real Estate Inc. (2972) at ¥125,000 per unit from Sept. 28 to Nov. 10, aiming to take the REIT private, and the REIT's board endorsed the offer while leaving the decision to tender to unitholders.

CUC Inc. (9158) said on Sept. 25, 2026 it agreed with JG44 not to tender any of its 840,000 shares in HYUGA PRIMARY CARE (7133) into JG44's tender offer, and will instead end up holding 11.09% of JG44's voting rights to keep an indirect stake in HYUGA.

A management buyout tender offer for Digital Hearts Holdings Co., Ltd. (3676) by Sandbox Co. has succeeded, with 11,187,236 shares tendered against a minimum of 5,922,743, leaving the buyer set to hold 50.17% of voting rights from Sept. 30, the company said on Sept. 25, 2026.

PRAP Japan (2449) said its board on Sept. 25, 2026 approved absorbing wholly owned subsidiary Precision Marketing effective Dec. 1, 2026, a merger that will generate an extraordinary loss of an amount not yet determined in its non-consolidated accounts.

Nippon Sheet Glass Co. (5202) said its shares will be delisted from the Tokyo Stock Exchange's Prime Market on Sept. 28, 2026, after payment was completed for a third-party share allotment to a special purpose company held by Apollo-advised funds and all procedures for a share consolidation were finalized.

Nikke (3201) said on Sept. 25, 2026 its board approved a merger in which wholly owned subsidiary Nakahiro Co. will absorb Akatsuki Shoji Co. and Sato Sangyo Co. effective Dec. 1, 2026, with Nakahiro renamed Nikke Mate Co. on the same date.

Yamadai (7426) said its shares will be delisted from the Tokyo Stock Exchange's Standard Market on Sept. 28, 2026, after shareholders approved a share consolidation.

Wakita (8125), a Tokyo Stock Exchange Prime-listed seller and renter of construction machinery, said on Sept. 24 its board approved an absorption-type merger of wholly owned subsidiary Korudia, effective Jan. 1, 2027, with no new shares, no capital increase and no cash consideration.

Shareholders of Yamadai Co., Ltd. (7426) on Sept. 24, 2026 approved a 406,580-for-1 share consolidation that will leave tender offeror Nice Corp. as the sole shareholder, with other holders to receive cash equal to ¥601 per share and the stock set to be delisted on Sept. 28.

GMO Internet, Inc. (4784) said on Sept. 24, 2026 its board approved acquiring a 65.96% stake in GMO Commerce (410A) from parent GMO Internet Group (9449), making it a consolidated subsidiary as part of a reorganization of its internet advertising business.

GMO Internet Group, Inc. (9449) will transfer its entire 3,596,400-share stake in GMO Commerce, Inc. (410A) to subsidiary GMO Internet, Inc. (4784) for about ¥4.3 billion, and expects an extraordinary gain of about ¥4.1 billion in its non-consolidated results.