#MandA

SoftBank Group will make an additional investment of 30 billion USD (4.6743 trillion JPY) in OpenAI, bringing the total investment to 64.6 billion USD with an equity stake of approximately 13%.

Completed the acquisition of 112,818 shares (99.7% voting rights) of Manac Co., Ltd. as of February 27, 2026, making it a subsidiary. Net sales for the fiscal year ending December 2024 were JPY 5,987 million.

TBS Holdings, Inc. will establish a joint venture with CJ ENM (51% equity stake) and U-NEXT HOLDINGS (9% equity stake), with capital of 1.25 billion JPY, planned for April 2026.

A joint venture will be established with CJ ENM and TBS Holdings in April 2026. Capital stock is 1.25 billion yen, with shareholding ratios of CJ ENM 51%, TBS HD 40%, and our company 9%.

As of February 27, 2026, M&G Investment Management Limited and its joint holders acquired shares of the Company, increasing their voting rights ratio from 8.85% to 10.63%.

Mizuho Leasing Company, Limited will acquire a 25.00% equity interest (24.90% voting rights) in Star Asia Group LLC for 30 billion yen, planning to make it an equity-method affiliate.

JX Nippon Metal will make Toho Titanium a wholly owned subsidiary through a share exchange, with the effective date scheduled for June 1, 2026. The share exchange ratio is 0.70 JX Nippon Metal shares per 1 Toho Titanium share. Toho Titanium is scheduled to be delisted on May 28, 2026.

Starting October 2025, 3PL services commenced for Punch Industry Co., Ltd., consolidating logistics hubs. This resulted in a monthly reduction of 110 hours in truck waiting times and a cutback equivalent to 216 10-ton trucks.

Nexera Pharma Inc. received $1.8 million (approximately JPY 281 million) as a milestone payment from Centessa for the development drug targeting neuropsychiatric disorders, scheduled to be recorded as revenue in the first quarter of the fiscal year ending December 2026.

Fujita Kanko has entered into a capital and business alliance agreement with NSSK-GAMMA2 LLC and plans to transfer 14,980,000 shares (25.00% of total issued shares) from DOWA Holdings at 2,603 yen per share via off-market transaction (scheduled for February 10, 2026).

Renesas Electronics will transfer its timing business to SiTime Corporation for approximately USD 3.0 billion (about JPY 468 billion), with completion expected by the end of 2026. The transfer is expected to record a one-time gain of approximately USD 1.5 billion (about JPY 234 billion).

On January 13, 2026, S-Science Corporation concluded a business alliance agreement with Misaki Mirai Holdings Co., Ltd. focused on the battery storage business, promoting commercialization as part of its medium- to long-term growth strategy.