Chugai Pharmaceutical Co., Ltd. (TSE:4519) agreed to acquire Renalys Pharma for ¥31 billion on October 24, 2025. A cash consideration of ¥15 billion will be paid by Chugai Pharmaceutical Co., Ltd for Common shares of 5,015,625 shares and Class A Preferred Shares of 4,424,880 shares. Chugai Pharmaceutical Co., Ltd. will pay an earnout/contingent payment of ¥16 billion cash.

The expected completion of the transaction is November 30, 2025. As of November 18, 2025, the transaction is expected to complete on November 27, 2025.

Chugai Pharmaceutical Co., Ltd. (TSE:4519) completed the acquisition of Renalys Pharma on December 30, 2025.