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Manuel Baigorri
Alimentation Couche-Tard is discussing raising its takeover bid for Seven & I Holdings, informed sources say.
BUSINESS / Companies
Sep 12, 2024
Couche-Tard weighing higher price for 7-Eleven owner, sources say
Its bid would need to be significantly higher than the initial proposal of $14.86 per share in order to get Seven & I to enter negotiations, they said.
Subway operator Tokyo Metro may raise as much as ¥350 billion as early as October, which will boost the amount of money raised in Japan’s stock market this year.
BUSINESS / Markets
Aug 27, 2024
Jumbo listings set to boost Japan’s market as sentiment recovers
Two jumbo initial public offerings may roughly triple the amount of money raised in Japan’s stock market this year as sentiment bounces back from this month’s selloff.
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.
Activist investor campaigns are becoming more commonplace in Japan as the government and the Tokyo Stock Exchange encourage companies to boost shareholder returns.
BUSINESS / Companies
Apr 30, 2024
Elliott Management's Sumitomo stake reflects growing activism in Japan
Elliott has built a large holding in Sumitomo after investing several tens of billions of yen in the trading house backed by Warren Buffett.
The Exchange Square complex, which houses the Hong Kong Stock Exchange, in Hong Kong on March 14. Dealmakers say a lot more than words is needed to revive Hong Kong’s weakest IPO market since the global financial crisis.
BUSINESS / Markets
Apr 29, 2024
China’s new plan to boost Hong Kong IPOs faces major hurdles
Pipeline of IPOs expected to remain feeble while valuations are low, China’s economic outlook is poor, and foreign investors remain distrustful of Beijing.
NEC computers at an electronics store in Tokyo. Founded in 1899, NEC focuses on information technology and network communications, biometric recognition, the internet of things and artificial intelligence technologies, according to its website.
BUSINESS / Companies
Mar 14, 2024
Japan’s NEC weighing $500 million data center sale, sources say
The Tokyo-traded company is looking to hire financial advisers to help prepare a potential sale of the business.
Mitsuya Kishida, incoming CEO of Nidec (left), and Shigenobu Nagamori, chairman and CEO, during a news conference at the company's headquarters in Kyoto on Feb. 14.
BUSINESS / Companies
Mar 12, 2024
Japan's Nidec, U.S. private equity firm KPS vie for Siemens’ motors unit
The Innomotics unit makes heavy-duty electric motors used in ships and mining equipment, and could fetch about ¥483.6 billion in a sale.
A Tsuruha Holdings store in Otaru, Hokkaido. The drug store chain is considering selling the entire company for about $4 billion or even more, sources said.
BUSINESS / Companies
Nov 15, 2023
Japan’s Tsuruha weighs sale after proxy battle with Oasis
The company is working with an adviser on the potential transaction and has reached out to some private equity firms to gauge their interest.
Japan Times
BUSINESS / Companies
Dec 16, 2022
Japanese banks agree to back Toshiba’s preferred bidder, sources say
The four major banks are finalizing the details and could issue commitment letters as soon as the end of this month, the sources said.
Japan Times
BUSINESS / Companies
Nov 17, 2022
Toshiba preferred bidder may tap Rohm and Suzuki for funds
Electronics company Rohm is considering putting in about u00a5100 billion in equity and around u00a5200 billion in debt as part of efforts to back a bid for the group.
Japan Times
BUSINESS
Nov 4, 2022
Toshiba’s preferred bidder may miss finance deadline
Four banks that were considering whether to issue commitment letters for loans to the consortium led by Japan Industrial Partners have decided not to proceed before the cutoff date.
Japan Times
BUSINESS / Companies
Oct 17, 2022
Toshiba sale faces delay as banks wary on financing
Some global banks have turned cautious over backing large buyouts like Toshiba amid rising borrowing costs in the United States and elsewhere.
Japan Times
BUSINESS
Jun 22, 2022
Private equity giants derided as vultures eye breakthrough in Japan
A successful deal for Toshiba, which may be private equity's largest ever in the country, would signal the once-criticized investors have become more accepted in Japan.
Japan Times
BUSINESS / Companies
Mar 23, 2022
Toshiba’s $4 billion elevator unit attracts interest from Midea and Otis
Shareholders are set to vote on Toshiba's plan to split into two companies and sell noncore assets including the elevator operations.
Japan Times
BUSINESS / Companies
Apr 7, 2021
Toshiba shares surge on possible buyout by CVC Capital
The bid comes as Toshiba faces scrutiny from activists following a series of scandals, including a record fine for faulty accounting and billions of dollars in writedowns.
Japan Times
BUSINESS / Companies / FOCUS
May 11, 2018
Whisky-inspired code names cloaked Takeda's $62 billion Shire gamble in secrecy — until cover was blown
Takeda Pharmaceutical Co.'s ambitions to expand in the lucrative U.S. health care market led the drugmaker to begin a painstaking examination of Shire PLC's assets more than two years prior to striking a $62 billion deal.

Longform

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