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November 23, 2024
 

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Taro Fuse
Rapidus' semiconductor foundry construction site in Chitose, Hokkaido
BUSINESS / Companies
Sep 10, 2024
Japan’s Rapidus seeks another ¥100 billion in chipmaking push
The proceeds will help finance the construction of Rapidus’ foundry in Hokkaido, sources said.
Yokohama Rubber has agreed to acquire Goodyear Tire & Rubber’s off-the-road tire business as part of its global expansion plan.
BUSINESS / Companies
Jul 22, 2024
Yokohama to buy Goodyear’s off-road tire business for $905 million
The off-the-road business will be a future growth driver, Yokohama Rubber said in a statement about the acquisition.
A bank and two securities companies under Mitsubishi UFJ Financial Group could face punitive action for allegedly sharing customer information without consent, sources said.
BUSINESS / Companies
Jun 7, 2024
MUFG units could be penalized for sharing client information
MUFG Bank and the securities firms exchanged information related to clients’ mergers and acquisitions without their consent, sources say.
BUSINESS / Companies
Jun 3, 2024
KKR weighs entering private credit in Japan to challenge banks
In Japan, most direct lending has been done overseas, and the domestic loan market is dominated by major banks.
Kioxia Holdings plans to go public on the Tokyo Stock Exchange as early as October.
BUSINESS
Apr 16, 2024
Kioxia plans to list as early as October as merger talks stall
Kioxia faces a June deadline to refinance as much as ¥900 billion worth of loans, and a public listing will help its negotiations with banks.
The volume of mergers and acquisitions linked to Japan has grown 43% so far this year.
BUSINESS / Companies
Feb 22, 2024
Japan sees dealmaking boom as mergers and acquisitions rise 43%
A strong stock market is giving companies more scope for acquisitions at a time when the government and investors are pressuring firms to bolster growth.
Kioxia Holdings has approached Japan Investment Corp. about making a capital infusion to support its merger with Western Digital and strengthen the combined company’s financial base, according to people familiar with the matter.
BUSINESS
Oct 20, 2023
Kioxia has approached JIC to back Western Digital deal: sources
Kioxia’s lenders are working toward submitting a commitment letter as soon as possible to help facilitate the agreement.
SoftBank is targeting ¥120 billion in sales of the so-called bond-type class shares that will be listed on the Tokyo Stock Exchange.
BUSINESS / Companies
Sep 25, 2023
SoftBank to sell more than ¥120 billion of bond-type stock
The firm has tentatively offered a dividend rate from 2.5% to 3% for the first five years.
Kioxia's Kitakami plant in Kitakami, Iwate Prefecture. Western Digital and Kioxia initially aimed to reach a decision on a merger in August, but discussions have dragged on as the companies tried to iron out details.
BUSINESS / Companies
Sep 20, 2023
Banks prepare ¥2 trillion funds for Kioxia-Western Digital merger
The moves towards a refinancing commitment would mark a step forward in the merger, which has faced months of delays.
The Shiodome City Center building in Tokyo's Minato Ward
BUSINESS / Companies
Sep 6, 2023
GIC considering sale of Tokyo skyscraper for over $2 billion
The sale plans come as a glut of new office supply is expected in Tokyo over the next two years, potentially tempering investor appetite.
Japan approves ¥21.9 trillion stimulus plan
The policy chiefs of the Democratic Party for the People, Liberal Democratic Party and Komeito — Makoto Hamaguchi (left), Itsunori Onodera (center) and Mitsunari Okamoto — shake hands after reaching an agreement on an economic stimulus package on Wednesday.
Tokyo Metro’s overseas efforts begin in earnest with London deal
Tokyo Metro will soon have a role in the running of London's Elizabeth Line, a major train route serving the U.K.’s capital city and environs.
Saitama court bans demonstrations over anti-Kurd hate speech
Kurdish people in Japan in 2015. A court injunction has banned acts that defame the Japan Kurdish Cultural Association and are disrespectful, such as putting up banner flags or handing out fliers with hate speech like “Refugees should go back to their home countries.”
China reinstates visa-free travel for Japanese nationals
Beijing Daxing International Airport
U.S. aircraft carrier returns to Japan carrying navy’s ‘most capable fighter’
U.S. 7th Fleet Commander Vice Adm. Fred Kacher speaks to reporters shortly after the arrival of aircraft carrier USS George Washington at Yokosuka naval base in Kanagawa Prefecture on Friday.
Shohei Ohtani wins National League MVP award
Shohei Ohtani celebrates after hitting a three-run home run against the Padres during the National League Division Series at Dodger Stadium in Los Angeles last month.
The slow-burn success of ‘A Samurai in Time’
A 19th-century warrior gets struck by lightning and wakes to find himself in 21st-century Kyoto in Junichi Yasuda’s surprise hit “A Samurai in Time.”
Around a quarter of Japan married couples in their 20s met through dating apps
A survey released by an organization promoting “Good Couples Day” shows that 24% of couples in their 20s met their marriage partner through a dating app.
'Tokyo Swindlers': Get deep into the minds of real estate con artists
In Ko Shinjo's "Tokyo Swindlers," a group of con artists manipulates real estate giants into falsified deals within the highly competitive, quick market.
Japan, U.K. and Italy discuss inviting more countries to joint fighter project
A new concept model of a next-generation fighter jet to be jointly developed by Japan, Britain and Italy is on display in Farnborough, Hampshire, in July.

Podcast

One of the many entrances to the Kabukicho neighborhood in Tokyo’s Shinjuku Ward.
Kabukicho: Tokyo’s ‘stadium of desire’

Longform

Construction takes place on the Takanawa Gateway Convention Center in Tokyo, slated to open in 2025.
A boom for business tourism in Japan?
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