📋 Material Events 1086

Japan Cash Machine co.,ltd.

6418 · 日本金銭機械株式会社

The company has decided to acquire a medium and small-scale recycler/dispenser manufacturing and sales business from Fujitsu Frontech Corporation. The acquisition is valued at approximately 500 million yen (subject to price adjustments based on asset conditions at closing) and is scheduled to close on July 1, 2026. This strategic acquisition aims to expand the commercial market presence, strengthen product development capabilities, and enhance product lineup offerings.

WAKACHIKU CONSTRUCTION CO.,LTD.

1888 · 若築建設株式会社

Asō Corporation (麻生株式会社) has acquired control of the company through a tender offer conducted by ACVE Holdings LLC, a company in which Asō is invested. As a result of the tender offer settlement scheduled for March 23, 2026, Asō's voting rights (direct and indirect combined) will exceed 50% of the company's total voting rights, making Asō the new parent company.

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The filing company's wholly-owned subsidiary ACVE Holdings conducted a tender offer for Wakatsuki Construction (Feb 13 - Mar 13, 2026), resulting in the filing company acquiring 51.05% voting rights when combined with direct holdings. Wakatsuki Construction will become a new consolidated subsidiary of the filing company effective March 23, 2026, and qualifies as a specified subsidiary under financial disclosure regulations.

HISAMITSU PHARMACEUTICAL CO.,INC.

4530 · 久光製薬株式会社

The company's board resolved to convene an extraordinary shareholders' meeting on April 17, 2026 to approve a stock consolidation as part of an MBO transaction. Taiyo Kogyo Co., Ltd. conducted a tender offer from January 7 to February 19, 2026, acquiring 43,574,799 shares (61.81%) through a negotiated process involving multiple price increases from ¥5,280 to ¥6,072 per share.

Schoo,inc.

264A · 株式会社Schoo

The company executed a capital and business alliance memorandum with SAAF Holdings Co., Ltd. on March 13, 2026, to explore strategic partnerships combining the company's education platform with SAAF's digital talent platform and consulting business. The agreement includes restrictions on SAAF's share acquisitions and disposals of company stock without prior written consent, with planned cooperation spanning digital talent development, local government consulting, reskilling programs, and regional revitalization initiatives.

AXEL MARK INC.

3624 · アクセルマーク株式会社

The company resolved on March 13, 2026 to divest all shares of its subsidiary Wellness More Laboratories Co., Ltd., causing it to cease being a specified subsidiary. The divestiture follows a post-acquisition reassessment that revealed uncertainties in the subsidiary's growth prospects and limited synergies with the parent company's core operations.

AXEL MARK INC.

3624 · アクセルマーク株式会社

The company has decided to divest all shares of its subsidiary Spiral Sense Inc., which will result in the subsidiary ceasing to be a specified subsidiary. The divestiture is scheduled for March 31, 2026, and is intended to optimize the company group's management resources and maximize enterprise value by allowing Spiral Sense to develop under new ownership.

UNIVA Oak Holdings Limited

3113 · Oakキャピタル株式会社

The company resolved to acquire all ordinary shares of UNIVA Marketing Limited (Cayman) (UMKY) for approximately 895 million yen, making it a subsidiary effective April 1, 2026. The acquisition will be funded through a third-party capital increase to UNIVA Group Investments Limited (Cayman), the parent company of UMKY, using the share acquisition receivable as in-kind contribution. This acquisition aligns with the company's mid-term management plan targeting consolidated sales of 25 billion yen, net income of 2 billion yen, and market capitalization of 60 billion yen.

NISSIN FOODS HOLDINGS CO.,LTD.

2897 · 日清食品ホールディングス株式会社

On March 13, 2026, the company's board resolved to acquire an additional 21% stake in Nissin-Universal Robina Corporation (a Philippines-based joint venture between the company's Thai subsidiary NISSIN FOODS ASIA CO., LTD. and Universal Robina Corporation) from URC through NFA in January 2027, converting it to a subsidiary. This acquisition is expected to result in step acquisition gain to be recorded in the FY2027 consolidated financial statements.

譬ェ蠑丈シ夂、セ繝輔�シ繝舌�シ繝悶Ξ繧、繝ウ

3927 · 株式会社フーバーブレイン

The company has resolved to acquire ProofX Inc., a generative AI consulting and solutions company, as a subsidiary through a board resolution on March 13, 2026. The acquisition, valued at approximately 337 million yen including transaction costs, is part of the company's mid-term management plan to evolve into a Japan-based 'AI Guardian' by integrating core AI technology capabilities with its existing cybersecurity strengths. The acquisition includes ProofX's CEO Ryota Natsume joining the acquiring company as Chief AI Officer to lead the company's AI strategy.

LIFEDRINK COMPANY, INC.

2585 · 株式会社ライフドリンク カンパニー

The company's Board of Directors on March 5, 2026 approved the acquisition of two companies (SD Next Co., Ltd. and SD Bottlers Co., Ltd.) from Sukima Department Store Co., Ltd. through a newly established consolidated subsidiary (LD Vending Co., Ltd.). This acquisition aims to strengthen the company's direct sales channels in the vending machine business, supporting the company's 'Max Sales Evolution' strategy alongside its existing beverage and leaf business operations.

LIFEDRINK COMPANY, INC.

2585 · 株式会社ライフドリンク カンパニー

The company approved an absorption spin-off to acquire the vending machine business operated by Pokka Sapporo Food & Beverage Co., Ltd. A newly established subsidiary will become the acquiring company, with the transaction scheduled to be effective October 1, 2026. The acquisition consideration is ¥500 million in cash, aimed at expanding the company's direct sales channels and strengthening its business base.

Mitsubishi Logisnext Co., Ltd.

7105 · 三菱ロジスネクスト株式会社

LVJホールディングス2株式会社 (backed by Japan Industrial Partners/JIP) has initiated a public tender offer to acquire all outstanding shares of the company with the goal of making it a wholly-owned subsidiary. The company's board has decided to convene an extraordinary shareholders meeting on April 9, 2026 to approve a stock consolidation as part of this acquisition transaction. Mitsubishi Heavy Industries, the company's major shareholder, is divesting its stake through this process.

SUNDAY CO.,LTD.

7450 · 株式会社サンデー

Aeon Co., Ltd. (イオン), which acquired over 90% ownership through a tender offer completed on March 5, 2026, submitted a stock transfer request on March 11, 2026 to acquire all remaining shares from minority shareholders at ¥1,280 per share. The company's board of directors approved the request on March 12, 2026, with the acquisition scheduled for April 3, 2026, as part of a two-stage acquisition plan to make the company a wholly-owned subsidiary of Aeon.

MAMEZO DIGITAL HOLDINGS CO.,LTD

202A · 株式会社豆蔵

Roodhalsgans 1 株式会社 conducted a tender offer for the company's ordinary shares and share acquisition rights from January 26 to March 10, 2026, resulting in acquisition of 4,334,958 shares and 2,501,000 warrants. Upon settlement on March 17, 2026, the ownership structure will change, with M&I Company becoming a parent company and Roodhalsgans entities becoming new parent companies, increasing Roodhalsgans 1's voting rights to 95.15% (direct and indirect combined).

RAKSUL INC.

4384 · ラクスル株式会社

R1 株式会社 completed a tender offer for the company's ordinary shares and subscription rights from December 12, 2025 to March 10, 2026, acquiring 52,783,190 shares and becoming the new parent company with 86.44% voting rights as of March 17, 2026 (settlement date). The acquisition resulted in R1 株式会社 and its parent companies (R2, R3, and Rパートナーズ合同会社) becoming new parent companies, while 松本恭攝 ceased to be a major shareholder.

KROSAKI HARIMA CORPORATION

5352 · 黒崎播磨株式会社

Nippon Steel Corporation (日本製鉄), as the special controlling shareholder, has made a share purchase request to acquire all shares of the company held by minority shareholders at 4,200 yen per share, with acquisition date set for April 1, 2026. The company's board approved this request on March 11, 2026, following negotiations and an independent special committee review that confirmed the price fairly reflects the company's intrinsic value and synergy effects.

ORIX CORPORATION

8591 · オリックス株式会社

ORIX Corporation has decided to divest all equity interests in IX PUSG Holdings, LLC (a holding company for Peak Utility Services Group, Inc.) to Seahawk Buyer, LLC, an affiliate of Greenbelt Capital Partners, effective April 2026. The transaction will result in the target company ceasing to be a subsidiary of ORIX, triggering the requirement for this extraordinary report.

Iida Group Holdings Co., Ltd.

3291 · 飯田グループホールディングス株式会社

The company's Board of Directors resolved on March 10, 2026 to acquire a majority stake in Wright & Associates, LLC, a US-based residential housing development and construction company, through its subsidiary Hajime AMERICA Inc. The acquisition will result in Wright & Associates, LLC becoming a specified subsidiary of the company with a 51% ownership stake (indirect ownership).

MAC HOUSE CO.,LTD.

7603 · 株式会社マックハウス

The company's board of directors resolved on January 29, 2026 to acquire all shares of Coen Co., Ltd. and make it a subsidiary. Coen is an apparel company with negative net assets of ¥3.81 billion and has posted operating losses over the past three years. The acquisition is valued at approximately ¥209 million (including advisory fees) and is intended to support the company's business transformation strategy combining apparel with wellness, digital, AI, and investment capabilities.

COLOWIDE CO.,LTD.

7616 · 株式会社 コロワイド

The company's board of directors resolved to acquire all shares of C-United Co., Ltd., a subsidiary operating a cafe chain business, for 44.092 billion yen. The acquisition is part of the company's mid-term management plan 'COLOWIDE Vision 2030' to expand business scale and strengthen profitability in the domestic food service sector through M&A.

Denka Company Limited

4061 · デンカ株式会社

The company will acquire additional shares in Toyo Styrene Co., Ltd., increasing its voting rights from 50% to 65%. This acquisition will convert Toyo Styrene from an equity method affiliate to a consolidated subsidiary, and designate it as a specified subsidiary due to its capital meeting the threshold requirement.

SOFT99corporation

4464 · 株式会社ソフト99コーポレーション

ECM Master Fund SPV 3 has completed a tender offer for the company's ordinary shares from January 22 to March 6, 2026, acquiring 4,034,256 shares. Upon settlement on March 13, 2026, ECM Master Fund SPV 3 will become the parent company with voting rights increasing from 36.14% to 54.82% of total shareholder voting rights.

Y's table corporation

2798 · 株式会社ワイズテーブルコーポレーション

The company's board of directors approved the acquisition of Yamanoue Hotel Co., Ltd., a high-end tempura restaurant operator, on March 9, 2026. The acquisition, valued at approximately 304 million yen including advisory fees, aims to strengthen the company's high-end Japanese cuisine business and leverage synergies between Yamanoue's brand and the company's store development capabilities.

Mercuria Holdings Co., Ltd.

7347 · 株式会社マーキュリアホールディングス

A material change in major shareholders has occurred whereby Nihon Growth Support Partners Co., Ltd. has acquired shares from Valex Partners Co., Ltd., resulting in a shift of voting rights from 10.92% to 10.01% and from 10.92% to 0.00% respectively. The share transfer is scheduled to be completed between March 4-10, 2026.

NTT DATA INTRAMART CORPORATION

3850 · 株式会社エヌ・ティ・ティ・データ・イントラマート

The company conducted a public offering of common shares through underwriter purchase and sold shares to three strategic buyers (Focus Systems, Canadivia, and SCSK Minori Solutions), resulting in the loss of parent company status for NTT, NTT Data Group, and NTT Data. The NTT group's voting stake decreased from 47.67% to 21.77%, transitioning from parent company to related company status effective March 9, 2026.

Liberta Co., Ltd.

4935 · 株式会社リベルタ

The company's board of directors resolved on March 6, 2026 to acquire all shares of Clea Corporation and make it a subsidiary. Clea, a fabless cosmetics manufacturer specializing in skincare products founded in 2007, will be acquired to strengthen the acquiring company's product capabilities and expand into the skincare category as part of its medium-term growth strategy targeting 300 billion yen in sales by December 2030.

MARUWN CORPORATION

9067 · 株式会社丸運

Senko Group Holdings completed a public tender offer for the company's ordinary shares from January 26 to March 5, 2026, acquiring 16,484,918 shares. Upon settlement on March 12, 2026, Senko Group Holdings will become the parent company with 57.86% voting rights, replacing the previous major shareholder Satoh Enterprise.

Morinaga&Co.,Ltd.

2201 · 森永製菓株式会社

The company has agreed to acquire all shares of MyMo Holdco, Inc., which indirectly owns all shares of The Mochi Ice Cream Company, LLC, the largest mochi ice cream manufacturer in the US. The acquisition, valued at approximately $135 million USD ($130 million for equity plus $5 million in advisory fees), will be executed following a Board resolution on March 6, 2026, as part of the company's 2030 management plan focusing on strengthening US operations.

Wel-Dish. Incorporated

2901 · 石垣食品株式会社

The company acquired additional shares of ACA Next Co., Ltd. on February 26, 2026, increasing its voting rights from 16.3% to 40.3%, thereby establishing substantive control and consolidating it as a subsidiary. The acquisition cost was approximately 914 million yen (900 million yen for shares plus 14 million yen in due diligence fees). The transaction was motivated by synergies between the company's consumer channels and ACA Next's B2B institutional sales network in healthcare and welfare facilities.

ORIX CORPORATION

8591 · オリックス株式会社

The company's consolidated subsidiary OPI2002 Investment Partnership has agreed to transfer all shares of SGK Holdings Co., Ltd. to a special purpose vehicle organized by The Carlyle Group, with the transfer expected to close in mid-April 2026. The divestiture will result in SGK Holdings being deconsolidated from the company's consolidated financial statements, with an estimated gain of approximately ¥62.3 billion to be recorded in the fiscal year ending March 2027.

Kanadevia Corporation

7004 · 日立造船株式会社

The company decided to divest its all-solid-state battery business to Suzuki Motor Corporation effective July 1, 2026. The transaction is expected to generate an extraordinary gain of approximately 7.4 billion yen, which will be recognized in the second quarter of fiscal year ending March 2027.

HOGY MEDICAL CO.,LTD.

3593 · 株式会社ホギメディカル

TCG2509 株式会社 completed a tender offer for the company's ordinary shares from December 18, 2025 to March 2, 2026, acquiring 18,892,230 shares. As a result of the settlement on March 9, 2026, TCG2509 and its parent companies (TCG2508 and TCG2507) became the company's new parent companies with 87.63% voting rights, while Dalton Investments Inc. ceased to be a major shareholder.

TOYOTA TSUSHO CORPORATION

8015 · 豊田通商株式会社

Toyota Tsusho Corporation resolved to transfer part of its Sustainable Materials business to its 100% subsidiary Toyotsu ChemiPlus Co., Ltd. through an absorption-type spin-off. The business division focused on polyester resins, synthetic fiber raw materials, and oleochemical products will be consolidated and transferred, with the effective date scheduled for July 1, 2026.

SUNNY SIDE UP GROUP Inc.

2180 · 株式会社サニーサイドアップグループ

The company acquired 100% of the shares of Bilcom Inc., a PR technology company, for approximately 1,507 million yen (including advisory fees) through a board resolution on January 26, 2026. Bilcom specializes in integrated PR consulting, cloud-based PR measurement tool 'PR Analyzer', and media databases, with the acquisition aimed at strengthening technology capabilities and enhancing the company's brand communication services.

MEDIA DO Co., Ltd.

3678 · 株式会社メディアドゥ

The company's consolidated subsidiary Media Do International, Inc. has decided to acquire Seven Seas Entertainment, LLC, an independent manga and light novel publisher in North America, for $80 million USD (approximately ¥12.4 billion). This strategic acquisition aims to establish a gateway for global distribution of Japanese content by combining the target's physical distribution network and publishing expertise with the parent company's domestic content aggregation capabilities and AI translation technology.

Sharp Corporation

6753 · シャープ株式会社

The filing company has executed a stock acquisition agreement on March 2, 2026 to acquire all shares of Synapse Innovation Inc., making it a subsidiary. The acquisition price is 3,801 million yen. Synapse Innovation operates a SaaS ERP platform business focused on production and sales management, which will enable the acquiring company to accelerate BtoB business expansion across multiple domains domestically and internationally.

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Toyota Finance Corporation announced a decision to conduct an absorption merger with its wholly-owned subsidiary Daihatsu Shinpan Co., Ltd., effective October 1, 2026. The merger aims to consolidate financial functions within the Toyota Finance Group and expand financial services for Daihatsu customers and dealers. As a simplified merger under the Companies Act, shareholder approval is not required.

UNITED ARROWS LTD.

7606 · 株式会社ユナイテッドアローズ

The company's board of directors resolved on February 26, 2026 to transfer all shares of its subsidiary Cohen Inc. to G.E.T. Inc., and as part of this transaction, to forgive a 5,858 million yen loan receivable from Cohen. This will result in a special loss of 1,795 million yen (difference between the forgiven amount and previously recorded allowance) in the March 2026 fiscal year individual financial statements, though the consolidated results will be unaffected due to elimination upon consolidation.

ETS Group Co.,Ltd.

253A · 株式会社ETSグループ

The company's consolidated subsidiary ETSOK Co., Ltd. will acquire a portion of the real estate management business from the parent company Amus International Co., Ltd., effective June 1, 2026. The acquisition aims to stabilize revenues and cash flows through expansion of real estate management operations in the Hiroshima region, with a purchase price of 400 million yen.

PKSHA Technology, Inc.

3993 · 株式会社PKSHA Technology

The company decided to acquire all shares of Biz Freak Co., Ltd., a system development company, and make it a subsidiary through a board resolution dated February 27, 2026. The acquisition is scheduled to be completed on March 6, 2026, with the company acquiring 63,353 voting rights representing 53.7% ownership, qualifying it as a designated subsidiary under the Financial Instruments and Exchange Act.

G Three Holdings Corporation

3647 · 株式会社ジー・スリーホールディングス

The company decided on February 19, 2026 to acquire 60% of the issued shares of MF6 Inc., a live commerce operator specializing in antique furniture, jewelry, and branded goods. The acquisition aims to establish a new sales channel for the company's consumer products (cosmetics, portable batteries) by leveraging MF6's live commerce expertise, existing customer network, and operational know-how.

Toyo Seikan Group Holdings, Ltd.

5901 · 東洋製罐グループホールディングス株式会社

The company's consolidated subsidiary Toyo Seikan Co., Ltd. will transfer a portion of its shares in Bangkok Can Manufacturing Co., Ltd. to BG Container Glass Public Company Limited. As a result, the company's voting stake in Bangkok Can Manufacturing will decrease from 74.9% to 49.0%, causing it to cease being a specified subsidiary of the company.

TOIN CORPORATION

7923 · トーイン株式会社

CSRI 5 Godo Kaisha, a special controlling shareholder, has issued a stock sale request (株式売渡請求) under Japan's Companies Act Article 179-3, requiring all minority shareholders to sell their shares at 1,187 yen per share. The company's board approved this request on February 27, 2026, completing the two-step acquisition process to make the target a wholly-owned subsidiary of CSRI 5.

Yodogawa Steel Works,Ltd.

5451 · 株式会社淀川製鋼所

The company has decided to divest all shares held in Sadoshima Co., Ltd., an affiliated company accounted for under the equity method. The share sale is scheduled for March 18, 2026, and is expected to generate a gain on sale of approximately ¥9,765 million in individual financial statements and ¥1,500 million in consolidated financial statements for the fiscal year ended March 2026.

Flier Inc.

323A · 株式会社フライヤー

The company decided to acquire all ordinary shares of Zealox Inc., a women-focused web design school operator, and consolidate it as a subsidiary. The acquisition price is 350 million yen plus 47 million yen in advisory fees. The company will finance this acquisition through a 350 million yen loan from Sumitomo Mitsui Banking Corporation with financial covenants, with repayment due by February 28, 2029.

Medical Data Vision Co., Ltd.

3902 · メディカル・データ・ビジョン株式会社

Nippon Life Insurance (Nihon Seimei Hoken) has launched a public tender offer to acquire all outstanding shares of the company. Following the tender offer results, a stock consolidation will be implemented to ensure only Nippon Life, SBI Holdings (as a non-tendering shareholder), and the company itself remain as shareholders.

MINATO HOLDINGS INC.

6862 · ミナトホールディングス株式会社

Minato Holdings K.K. resolved on February 27, 2026 to acquire 100% of the shares of Fuji Denkou K.K., making it a wholly-owned subsidiary. The acquisition aims to leverage Fuji Denkou's diverse product lineup and strong supply chain in the wire and cable business alongside Minato's digital technology capabilities to enhance customer proposals and expand sales opportunities.

H.I.S. Co., Ltd.

9603 · 株式会社エイチ・アイ・エス

The company's board of directors resolved on February 27, 2026 to transfer all shares of its subsidiary hapi-robo st Co., Ltd. The divestiture is scheduled for March 31, 2026, and will result in the subsidiary no longer being classified as a subsidiary of the company.

SOFTCREATE HOLDINGS CORP.

3371 · 株式会社ソフトクリエイトホールディングス

The company's board of directors resolved on February 27, 2026 to acquire an additional 75% stake in Meguri Inc., a subsidiary currently 5% owned through its subsidiary ecbeing Inc., thereby consolidating it as a subsidiary. The acquisition is valued at approximately 1,891 million yen (including advisory fees) and is aimed at strengthening omnichannel capabilities and expanding EC solution services.