#M&A

Kanadevia Corporation will transfer its all-solid-state battery business to Suzuki Motor Corporation on July 1, 2026, and plans to record approximately 7.4 billion yen as extraordinary income from the business transfer gain in the second quarter of the fiscal year ending March 2027.

On March 4, 2026, the company concluded a basic agreement with JUXI to expand overseas sales operations. JUXI is a live commerce specialist company with annual sales of approximately 12 billion yen.

ORIX Corporation will transfer 2,249,999 shares (90%) of its consolidated subsidiary SGK Holdings for 95.8 billion yen, scheduled for execution in mid-April 2026.

Sony Music Entertainment and Sony Pictures Entertainment have acquired an additional approx. 41% interest in Peanuts Holdings LLC for about JPY 72 billion, increasing their total interest to 80%, making it a consolidated subsidiary.

USHIO INC. acquired 25,001 shares of OSRAM ENI GmbH for approximately 17.3 billion JPY, converting it into a subsidiary, with the trade name scheduled to change to USHIO INE GmbH on March 16, 2026.

Gyre Therapeutics has signed an acquisition agreement to make consolidated subsidiary Cullgen Inc. a wholly-owned subsidiary for approximately USD 300 million (approx. JPY 47 billion), with completion planned for early Q2 2026.

PayPay Corporation plans to conduct an IPO of 54,987,214 ADS in the United States. The price range is set at 17 to 20 USD per ADS, and 8,653,079 ADS will be offered domestically with subscription acceptance from March 3 to 7, 2026.

On March 2, 2026, completed business integration with Maxvalu Kanto Co., Ltd., Daiei Kanto Business, and Aeon Market Co., Ltd., establishing a system with food retail net sales exceeding 1 trillion yen and No.1 share in the Tokyo metropolitan area.

Completed transfer of all shares of consolidated subsidiary Cohen Co., Ltd. for 200 million yen. Resignation of director announced in conjunction with the transfer.

Mitsui Fudosan Accommodation Fund Investment Corporation announced on March 2, 2026, the completion of the acquisition of Campus Terrace Kyudai Gakken Toshi at a purchase price of 320 billion yen.

Sharp Corporation plans to acquire 2,762,000 shares of Synapse Innovation Inc. for 3,801 million yen and make it a wholly owned subsidiary on March 23, 2026.

On March 1, 2026, Maxell Holdings, Ltd. acquired the secondary battery business from Murata Manufacturing Co., Ltd. and Tohoku Murata Manufacturing Co., Ltd., making the new company Maxell Sakura Co., Ltd. its subsidiary.