TYO:8129

6 stories mentioning TYO:8129

Every FINWIRES story that references TYO:8129, newest first.

GNI to Acquire Ayumi Pharmaceutical in 44.8 Billion Yen Deal; Blackstone-Backed Fund Becomes Top Shareholder

GNI (TYO:2160) has resolved to acquire all shares of Ayumi Pharmaceutical for 44.8 billion yen, turning it into a wholly owned subsidiary to gain a commercial platform in Japan's pharmaceutical market, according to three Tokyo bourse filings on Friday.To fund the acquisition, GNI will issue nearly 10 million new shares via third-party allotment to Ayumi's existing shareholders, namely Blackstone affiliate BCP Asia AYM, Toho (TYO:8129), and Hisamitsu Pharmaceutical (TYO:4530), with 26.8 billion yen of the purchase price settled through contribution in kind.The remaining 18 billion yen will be paid in cash, partially financed through a 20 billion yen loan from Mizuho Bank and SBI Shinsei Bank.As a result, BCP Asia AYM will become GNI's largest major shareholder with a 10.63% voting rights stake after the transaction.The deal is expected to close between June and September, pending regulatory approvals and securities registration effectiveness.Ayumi Pharmaceutical owns Ayumi Pharmaceutical Co., a maker of antipyretic analgesics and anti-rheumatic drugs, which has shown steady revenue growth from 31 billion yen to 38.5 billion yen over three years.

TYO:2160TYO:4530TYO:8129

Asia38d ago

Market Chatter: Japan's Listed Companies Face Investor Pressure on 20 Trillion Yen Real Estate Gains

Japanese listed companies hold an estimated 20 trillion yen in unrealized gains from real estate assets, fueling activist investor calls for property sales to improve capital efficiency, Nikkei reported Friday.Estimates from Mizuho Trust & Banking show publicly traded firms hold business real estate with a book value of 119 trillion yen and an estimated market value of 139 trillion yen, according to the report.Rising land prices and inflation have sharply increased the value of corporate property holdings, including logistics facilities and headquarters. Unrealized gains on disclosed rental properties reached 30 trillion yen in fiscal 2025, up 25% from five years earlier, the report said.Activist investors are pressing companies to sell low-yield assets and use proceeds for shareholder returns or investments, according to the report.Nikkon Holdings (TYO:9072) said it may sell properties generating returns below its cost of capital after reviewing 243 sites valued at about 130 billion yen. Toho Holdings (TYO:8129) is also considering asset sales following pressure from investor 3D Investment Partners, the report said.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Nikkei 225TYO:8129TYO:9072

Asia46d ago

Japan Shares Drop on Soft Output Data, Middle East Risks

Japan stocks closed lower Thursday, pressured by weaker factory output data that signaled mounting economic strain from Middle East tensions.The Nikkei 225 fell 1.06%, or 632.54 points, to close at 59,284.92.Industrial production fell 0.5% in March from a month earlier, missing expectations for a 1.1% rise and marking a second straight decline after a 2.0% drop in February, government data showed.Manufacturers expect output to fall 0.7% in April. The weak trend underscores the challenge for the Bank of Japan, as rising oil prices lift inflation while weighing on the import-reliant economy.In other economic news, Retail sales rose 1.7% year on year to 14.3 trillion yen in March, rebounding from a 0.1% decline, as gains in food and beverage offset a drop in fuel sales.On the corporate front, Yamaichi Electronics (TYO:6941) rose 4% after restoring systems at its Philippines unit following a ransomware attack, with no operational or data leak impact.Globe-ing (TYO:277A) fell 4% after shifting its listing to the Prime Market from the Growth segment on the Tokyo Stock Exchange.Toho Holdings (TYO:8129) gained 3% after saying it will seek shareholder approval to activate takeover defenses against a large-scale share purchase by 3D Investment Partners.

Nikkei 225TYO:277ATYO:6941TYO:8129

Asia46d ago

Toho Holdings Flags Risks in 3D Investment Stake Build, Plans Vote on Proposed Acquisition

Toho Holdings (TYO:8129) will seek shareholder approval to activate takeover defenses against a large-scale share purchase by 3D Investment Partners, according to a Thursday filing on the Tokyo Stock Exchange.The board said the proposed acquisition could harm corporate value and shareholder interests, citing concerns that the investor may push short-term strategies by increasing its influence over management.The company will submit a proposal at its annual meeting in June to confirm whether shareholders support invoking countermeasures under its response policy. If approved and the purchase proceeds, Toho plans to issue stock acquisition rights as a defense.Toho said 3D's stated aim of "pure investment" lacks credibility, arguing its actions indicate an intent to influence management decisions. The board also raised concerns about potential conflicts with ordinary shareholders and the coercive nature of on-market purchases.

TYO:8129

Asia59d ago

Toho Holdings Receives Additional Response on Large-Scale Share Purchase

Toho (TYO:8129) said it received additional information from 3D Investment Partners regarding a proposed large-scale share purchase, according to a Friday filing on the Tokyo Stock Exchange.The company said the response follows a re-request made on April 2 under its policy on large-scale share acquisitions.

TYO:8129

Asia Markets66d ago

Japan Shares Rise as Oil Stockpile Release Eases Supply Concerns

Japanese shares closed the week higher after the government said it would release 20 days' worth of oil reserves from May to stabilize domestic supply and offset disruptions linked to Middle East tensions.The Nikkei 225 rose 1.84%, or 1,028.79 points, to close at 56,924.11.The U.S. and Iran agreed to a two-week ceasefire, but Iran's Strait of Hormuz blockade continues to strain global energy supplies. Japan, which depends on the Middle East for about 95% of its oil, began releasing reserves on March 16 under a 50-day plan with allies.An additional 20 days' supply will come from public stockpiles. As of April 7, Japan held reserves covering 228 days, including 143 days in government stockpiles, and will act independently while coordinating with the International Energy Agency.In economic news, Japan's producer prices rose in March, with the corporate goods price index up 0.8% on month and 2.6% on year, driven by higher fuel and import costs, while export prices rose 0.8% and import prices gained 1.5%.Japan's bank lending rose 4.8% on year in March to about 667.021 trillion yen, accelerating from February, led by major banks, while regional and shinkin banks saw slower growth.On the corporate front, Astroscale (TYO:186A) shares rose 8% after its Japan unit secured a 1.25 billion yen grant from JAXA for a space technology project focused on in-orbit refueling.W Scope (TYO:6619) shares fell 16% after it said it missed Prime Market tradable market cap requirements, citing weak EV demand and risk of delisting if unmet by 2027.Toho (TYO:8129) shares slipped 3% after it extended its review period for a proposed large-scale share purchase by 3D Investment Partners to April 28.

Nikkei 225TYO:186TYO:6619TYO:8129