mergers & acquisitions
SOMPO Holdings, through its subsidiary Sompo International Holdings (SIH), has entered into a definitive agreement to acquire 100% of the outstanding ordinary shares of Aspen Insurance Holdings. The Acquisition has been unanimously approved by the Board of Directors of SOMPO and of Aspen. Background of the Acquisition Under the Mid-Term
cryptocurrency exchange
Coincheck Group, the holding company of Coincheck, one of Japan’s leading crypto asset exchanges, has entered into a stock purchase agreement to acquire Aplo, a digital asset prime brokerage for institutional crypto investors. Pursuant to the agreement, all issued and outstanding shares of Aplo are to be exchanged for
Insurance
The FWD Group has published its interim results report for the six months ended June 30, 2025, its first since going public on the Hong Kong Exchange in July 2025, allowing for a look at its Japanese business. FWD entered the Japanese market in 2017 through the acquisition of AIG
mergers & acquisitions
Mitsubishi UFJ Financial Group, its consolidated subsidiary MUFG Bank, WealthNavi, a consolidated subsidiary of MUFG Bank, and shareholders of Moneytree have entered into a stock transfer agreement dated July 31, 2025, and as August 29, 2025, MUFG Bank has acquired the issued shares of Moneytree. As a result, Moneytree will
banking
SBI Holdings has concluded a “Strategic Capital and Business Alliance Agreement” with TOHOKU BANK. Having completed the repayment of public funds for SBI Shinsei Bank, the group is now free to resume its regional banking rollup strategy in order to create the "fourth mega bank". Purpose of the
banking
Seven Bank agreed with ITOCHU Corporation, majority owner of Family Mart, on the commencement of capital and business alliance discussions including collaboration in a wide range of financial areas. Leveraging its domestic and international business foundation with strengths in the consumer sector, ITOCHU develops new services and businesses by capturing
mergers & acquisitions
Resona currently holds 12.42% of Digital Garage's shares (ratio to total voting rights as of March 31, 2025), acquired through third-party allocation and market purchases, and Digital Garage positions Resona as a strategic partner for Digital Garage's medium- to long-term growth. By acquiring 8,520,
bitcoin
Bakkt Holdings has entered into a share purchase agreement with RIZAP Group to acquire approximately 30% of the outstanding shares of MarushoHotta (MHT), a Tokyo Stock Exchange-listed company (TSE: 8105). The acquisition would make Bakkt the largest shareholder of MHT. As part of the transaction, Phillip Lord, President of Bakkt
mergers & acquisitions
Mizuho Bank has concluded a share transfer agreement with the shareholders of Upsider Holdings to acquire a majority of Upsider’s shares. Mizuho Bank will acquire approximately 70% of Upsider’s shares at a price of approximately ¥46 billion from their current holders, which include venture capital firms in and
cross-border payments
Ria Money Transfer, a global leader in the cross-border money transfer industry and a business segment of NASDAQ-listed Euronet, has become the majority shareholder through the acquisition of 60% of the shares of Unidos, the operator of Kyodai Remittance, a Japan-based funds transfer business and overseas remittance specialist. Leveraging Kyodai’
regional banks
The Daiwa Institute of Research published a paper titled "Cross-Prefectural Restructuring of Regional Banks: The Reorganization of Local Economic Zones at its Foundation" on July 11, 2025, providing a detailed analysis of the ongoing restructuring of Japan's regional banking sector, and arguing that these realignments are
mergers & acquisitions
In a report published on July 11, 2025, the Daiwa Institute of Research (DIR) analyzes the significant increase in Tender Offer (TOB) activity in Japan from 2020 to mid-2025, highlighting a new phase in corporate strategy. 1. TOB Activity is Surging to Record Levels The report's primary finding