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  "domain": "securities",
  "title": "Japan TOB / MBO large-deal 2023-2026 case matrix",
  "entry_type": "wiki_entry",
  "frontmatter": {
    "title": "Japan TOB / MBO large-deal 2023-2026 case matrix",
    "aliases": [
      "japan-tob-mbo-large-deal-2023-2026-case-matrix",
      "Japan large TOB MBO 2023-2026 comparison",
      "Japan tender offer case matrix 2023-2026",
      "公開買付け MBO 大型案件 2023-2026 マトリクス"
    ],
    "domain": "securities",
    "type": null,
    "created": "2026-05-25",
    "last_updated": "2026-07-30",
    "last_tended": "2026-07-30",
    "review_by": "2026-11-25",
    "confidence": "likely",
    "tags": [
      "securities",
      "M&A",
      "TOB",
      "MBO",
      "tender-offer",
      "squeeze-out",
      "fair-M&A",
      "JFTC",
      "special-committee",
      "large-deal",
      "2023-2026",
      "japan",
      "matrix"
    ],
    "status": "active",
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    "note": null,
    "sources": [
      "https://www.fsa.go.jp/common/law/kaiji/20241001_guideline-tenderoffer.pdf",
      "https://www.meti.go.jp/policy/economy/keiei_innovation/keieiryoku/fairma.html",
      "https://www.jftc.go.jp/en/pressreleases/yearly-2024/index.html",
      "https://www.jpx.co.jp/english/listing/disclosure/",
      "https://global.toshiba/ww/ir.html",
      "https://www.outsourcing.co.jp/en/ir/",
      "https://www.sapporoholdings.jp/english/ir/",
      "https://www.asahi-intecc.co.jp/en/ir/",
      "https://www.yodogawasteel.co.jp/ir/",
      "https://www.tokiomarinehd.com/en/ir/",
      "https://www.itochu.co.jp/en/ir/",
      "https://www.daiichisankyo.com/ir/"
    ]
  },
  "summary": "Between 2023 and 2026 a sequence of large Japan TOB / MBO transactions (each over ¥100bn deal value, several over ¥1tn) repriced the fair-M&A process expectations for listed targets under Japan tender offer process and Japan MBO and squeeze-out process. This matrix collects the major cases — Toshiba",
  "headings": [
    "Japan TOB / MBO large-deal 2023-2026 case matrix",
    "TL;DR",
    "Wiki route",
    "Why a 2023-2026 large-deal matrix matters",
    "Cases in scope",
    "Master comparison matrix",
    "Dimension reading",
    "Target type (parent-subsidiary vs unrelated PE / strategic)",
    "Offer mechanism",
    "Defense response"
  ],
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