Record number of shares delisted in Japan in 2026
More than 60 companies delisted early July with Wavelock being the latest stock taken private
Wavelock Holdings (TSE: 7940), a Japanese manufacturer of composite materials made from plastic, fiber and paper, was delisted this week from the Tokio Stock Exchange.
This March Wavelock received a privatisation bid from City Index Eleventh Inc. for 1,070 yen per share. Last week we last checked on the stock price that was 1,058 yen just days before the delisting. Last year Wavelock shares gained a whopping 76.2% in Tokio, drawing our attention to the stock that last hiked its dividend for FY 2020, when a 7.1% increase to 30 yen per share was announced.
Wavelock paid this dividend for the last 6 consecutive years and is now delisted. Please note that most stocks that we track in Japan are raising their dividend every single year.
IPOS and Delistings: Record year 2026?
Japan is known for its many Initial Public Offerings every year, but also for the high number of shares that are delisted by either being taken private or acquired by a (foreign) company.
In 2026 so far we already counted more than 60 companies that have been delisted. The actual number will probably be a bit higher since we don’t track all listed shares, even though we cover the biggest part.
Just in the last couple of weeks we added 9 more companies to the ‘delisted’ status in our database, including V-Cube Inc, Vario Secure Inc, e’grand co, Gfoot and Alleanza Holdings. The biggest company delisted with a market cap over $1 billion was MCJ Co (TSE: 6670).
Other big names being delisted in 2026 earlier include Toyota Industries (TSE: 6201), SCSK Corp (TSE:9719), Fujitec Co (TSE: 6406), Sumitomo Densetsu (TSE: 1949) and several other companies with a market cap of more than $1 billion.
Some interesting names that are delisted also include Fast Fitness Japan (TSE: 7092), a stock that we personally owned (and we are still waiting for the payment by the acquirer, this can take very long in Japan unfortunately).
Three Dividend Heroes Delisted in Japan as Wave of Takeovers Continues
Japan’s equity market saw a notable wave of delistings in the first quarter of 2026, with 30 companies removed from our database due to takeovers and other corporate actions. Among them were three standout Dividend Heroes — companies with long and consistent dividend growth histories — highlighting a growing trend of high-quality firms being taken priva…
Last but not least: Three real Dividend Heroes from Japan have been acquired in 2026 and delisted: Previously mentioned SCSK Corp and Sumitomo Densetsu and third Dividend Hero Saint-Care Holding Corp (TSE: 2374).
For the second half of 2026 we expect dozens of more companies to be delisted in Japan.
At DividendJapan, we aim to highlight these opportunities and uncover hidden gems that may not yet be on your radar. Stay tuned as we explore Japan’s dividend growth stories and the next generation of market leaders!
Disclaimer: The information provided here is for informational purposes only and should not be considered financial advice. Investors should conduct their own research or consult with a financial advisor before making any investment decisions.