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April 05, 2025
 

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Alimentation Couche-Tard’s proposed acquisition of Seven & I Holdings, if successful, would be an extremely rare case of a foreign company's buyout of a major Japanese firm.
BUSINESS / Companies
Aug 20, 2024

Seven & I buyout would be a watershed moment for Japan takeovers

Until now, an attempt to acquire such a well-known Japanese business at such scale would have been dismissed as audacious and unlikely.
British hard rock outfit Bring Me the Horizon delivered a dramatic set that featured a surprise appearance from local metal-meets-idol group Babymetal.
CULTURE / Music
Aug 23, 2024

Summer Sonic: The heat doesn’t matter when the lineup works

Where would you see a bill with Maneskin, Gen Hoshino, Christina Aguilera and Bring Me the Horizon in the prime slots? At a sold-out music festival, that’s where.
NFL Commissioner Roger Goodell at a news conference in January 2020
MORE SPORTS / Football
Aug 28, 2024

NFL allows private equity firms to invest in teams

The owners of the National Football League have decided to allow some private equity firms to buy up to a 10% stake in a team, the NFL said on Tuesday.
Kioxia has scrapped its plan for an initial public offering in October, sources have said.
BUSINESS / Companies
Sep 24, 2024

Chipmaker Kioxia scraps IPO planned for October after market sell-off

Shares in peers Samsung Electronics, SK Hynix and Micron Technology are currently around a third lower than recent highs.
Kioxia Holdings was reportedly planning an initial public offering in October valuing it at $10 billion.
BUSINESS / Companies
Sep 25, 2024

Kioxia reportedly pulls IPO as AI winter looms

The IPO delay comes as the chip business globally faces a number of challenges related to possible overcapacity in some products.
Newly elected Sri Lankan President Anura Kumara Dissanayake addresses the nation in Colombo on Wednesday.
ASIA PACIFIC / Politics
Sep 27, 2024

Sri Lanka’s leftist leader faces tough test to alter IMF deal

The new president took office with a mandate to bring relief to citizens, but the hard part is getting the lenders to play along.
DAZN, the sports-streaming group backed by billionaire Len Blavatnik, may soon sell a stake to Saudi Arabia's Public Investment Fund, according to insiders.
BUSINESS / Companies
Oct 8, 2024

Saudi Arabia's PIF considering minority stake in sports streamer DAZN

Deal could increase Saudi fund's influence in European football, as DAZN is a partner for Italy's Serie A, Spain's LaLiga, Germany's Bundesliga and France's Ligue 1.
Kioxia has undergone years of upheaval and the attempt to list the company is closely watched as a test case for buyout firms in Japan where more companies are selling non-core assets or going private.
BUSINESS / Companies
Oct 14, 2024

Bain sought $10 billion valuation for Japan's Kioxia, but investors only wanted to pay half

The valuation gap complicates the buyout firm's effort to exit its six-year-old investment in Kioxia.
Equinor's bid underscores the focus some wind players are putting on Japan even as they scale back elsewhere.
BUSINESS / Companies
Oct 22, 2024

Norway's Equinor tries again for a Japan offshore wind lease, sources say

A latecomer to offshore wind, Japan wants to build up to 45 gigawatts of capacity by 2040, which would make it a top-five offshore wind market.
Kioxia, formerly Toshiba Memory, had planned to begin production at the fab last year but has delayed that to autumn 2025.
BUSINESS / Tech
Nov 5, 2024

Kioxia sees flash memory demand almost tripling by 2028

The chipmaker, which was hammered by a downturn in the market for memory chips, is readying a major capacity expansion at its new fab.
Republican presidential nominee and former U.S. President Donald Trump points to supporters as he holds hands with his wife, Melania, before claiming victory in the 2024 U.S. presidential election during a rally at the Palm Beach County Convention Center in West Palm Beach, Florida, on Wednesday.
WORLD / Politics
Nov 7, 2024

Trump defeats Harris, returning U.S. to era of uncertainty

Kamala Harris congratulated her rival on a win expected to have a dramatic impact on the United States' relationships with allies like Japan and rivals like China.
Rail trucks loaded with rocks containing uranium ore wait for transportation. Russia controls almost half the world’s capacity to separate the uranium isotopes needed for nuclear reactors
WORLD / Politics
Nov 17, 2024

Russia takes aim at U.S. nuclear power by throttling uranium

Moscow controls almost half the world’s capacity to separate the uranium isotopes needed in reactors.
Chipmaker Kioxia, formerly Toshiba Memory, is reportedly targeting a December IPO.
BUSINESS / Markets
Nov 21, 2024

Chipmaker Kioxia to receive market listing approval, sources say

Bain-backed Kioxia will have a market value of about ¥750 billion ($4.84 billion) based on the indicative price for its initial public offering.
Messages from so-called Active Clubs surged on Telegram over the past month.
WORLD / Society
Nov 22, 2024

Extremists on Telegram pose as fight clubs, raising alarms in U.S.

The loosely organized network in the U.S. and Canada consist of men who say in online forums they’re working to stop the elimination of the white race.
Hiromi Yamamoto
ESG CONSORTIUM
Nov 25, 2024

Oji seeks optimal approaches to nurturing and utilizing forests

Oji Holdings, Japan’s leading paper maker, owns and manages 635,000 hectares of forests across the globe. Forest resources — for wood, paper and wood-derived materials or for biomass power generation — are attracting increased attention as sustainable resources. However, their sustainability hinges...
Itochu has tapped Daiwa Securities Group and the founding Ito family has hired SMBC Nikko Securities as financial advisers for their ¥9 trillion ($58.4 billion) proposal to take Seven & I Holdings private, people with knowledge of the matter have said.
BUSINESS / Companies
Nov 25, 2024

Nomura, Daiwa and other advisers win coveted Seven & I buyout roles

The multitude of financial advisers reflects the complexity of any potential buyout, as well as the lucrative fees if consummated.
A grapnel, used to retrieve cables, on the deck of the Leon Thevenin in Cape Town on April 30. In a wireless world, it is easy to forget the all-too-real cables that snake across the turbulent ocean floor — until they snap.
WORLD
Dec 4, 2024

When undersea cables break, a wireless world’s vulnerability is exposed

Landslides, a ship dragging its anchor, military skirmishes and sabotage can all damage cables.
Houthi supporters hold a rally in Sanaa, Yemen, on Friday. A coordinated international military effort is needed to exploit Iran's weakened influence and neutralize the Houthi threat in Yemen.
COMMENTARY / World
Dec 16, 2024

The next Iranian proxy to target is the Houthis

A coordinated international military effort is needed to neutralize the Houthi threat in Yemen, which disrupts global shipping and exploits Iran's weakened influence.
Kioxia Holdings will debut on the market Wednesday, but its initial public offering may get a cooler reception than anticipated.
BUSINESS / Companies
Dec 17, 2024

Chipmaker Kioxia faces a tough debut in Tokyo’s busy IPO arena

Investment in Kioxia faltered as parent Toshiba wrestled with years of scandals and crippling losses at nuclear giant Westinghouse, making it a shadow of its former self.
Nobuo Hayasaka, president of Kioxia Holdings, reacts after striking a bell during the company's listing ceremony at the Tokyo Stock Exchange in Tokyo on Wednesday.
BUSINESS / Companies
Dec 18, 2024

Chipmaker Kioxia surges 12% in Tokyo debut after jumbo IPO

Shares in the producer of NAND memory chips extended gains in afternoon trading after initially dropping, valuing the firm at ¥877 billion ($5.7 billion).
Rivers and canals meander through many of the townships in Ningbo, with some homes built close to the water.
ASIA PACIFIC / Politics
Dec 19, 2024

Can China shield the biggest uninsured economy from floods?

Only about 10% of Chinese families have a home insurance policy, compared to nearly 90% in the U.S.
Riot police march in front of the main building of Ssangyong Motor in Pyeongtaek, 70 kilometers south of Seoul, on Aug. 6, 2009.
ASIA PACIFIC / Crime & Legal
Dec 25, 2024

The real-life violence that inspired South Korea's 'Squid Game'

A struggling car giant in South Korea announcing in 2009 it was laying off more than 2,600 people resulted in an occupation of its factory.
​SSPP Forum #03
ESG CONSORTIUM
Dec 31, 2024

NTT’s SSPP Forum shares ideas on forming communities of future

NTT’s Sustainable Smart City Partner Program (SSPP) supports the development of communities of the future that maximize residents’ well-being. The SSPP Forum was launched in 2022 to provide an opportunity for sharing SSPP case studies on community formation, and its third session was held recently....
Apollo Global Management is discussing a commitment of as much as ¥1.5 trillion for an equity stake in a bid by Seven & I’s founding Ito family to take the convenience store operator private.
BUSINESS / Companies
Jan 10, 2025

Apollo weighs $9.5 billion stake in Seven & I management buyout

Under the current proposal, Apollo would join the Ito family and Itochu, the operator of FamilyMart in Japan, as key investors.
Smoke from the Pacific Palisades fire blankets the area in Los Angeles on Tuesday. Researchers see a growing health danger from the vast plumes of pollution spawned by wildfires like the ones devastating Los Angeles.
ENVIRONMENT / Climate change
Jan 12, 2025

Far from the Los Angeles fires, the deadly risks of smoke are intensifying

By some estimates, wildfire smoke causes as many as 675,000 premature deaths a year worldwide, as well as a range of serious health problems.
The U.S. Supreme Court justices on Friday expressed skepticism about a challenge from TikTok and its Chinese parent company ByteDance.
BUSINESS / Tech
Jan 13, 2025

What happens after the TikTok ban?

TikTok's future in the U.S. is uncertain as the Supreme Court weighs security concerns, with a potential ban or forced sale looming on Jan. 19. Here's how it could play out.
Members of the far-right Proud Boys gather on the day of the inauguration of U.S. President Donald Trump in Washington on Monday.
WORLD / Politics
Jan 22, 2025

Trump's pardons will embolden far-right groups, experts say

In a few pen strokes, Donald Trump reversed the largest U.S. Justice Department investigation and prosecution in history.
U.S. President Donald Trump looks on as reporters ask questions aboard Air Force One during a flight from Las Vegas to Miami on Saturday.
WORLD / Politics
Jan 27, 2025

Trump, at zenith of power, moves quickly to 'take over' Washington

Trump's agenda faces roadblocks going forward, and the opening weeks of his administration may represent the height of his power, some supporters acknowledge.
A worker at a Kongo factory in Kashima, Kumamoto Prefecture, carefully processes an aluminum plate using a forming press.
BUSINESS / Companies / Regional Voices: Kyushu
Jan 28, 2025

Companies in Kyushu struggle to enter TSMC’s supply chain

One report shows that firms in the region make up less than 10% of Japanese companies doing business with TSMC or its unit in Japan.
Institutional security officers stand during a ceremony to celebrate the 25th anniversary of the United States ceding control of the Panama Canal to the government of Panama in 1999, in Panama City on Dec. 31, 2024.
WORLD / Politics / ANALYSIS
Feb 1, 2025

Why the U.S. is claiming China’s presence violates the Panama neutrality treaty

U.S. President Donald Trump vowed to take back the waterway during his Jan. 20 inauguration speech, falsely claiming that China is operating it.
U.S. tourist arrested after bringing a handgun into Japan
Hyogo police believe the handgun a U.S. tourist inadvertently brought into Japan slipped through security procedures at Kansai International Airport in Osaka Prefecture.
3D printer used to construct train station building in Japan
A train station building (front) is assembled from parts printed using 3D printer technology, in Arida, Wakayama Prefecture, on Wednesday.
Japan’s leader didn’t read the job description
Prime Minister and ruling Liberal Democratic Party leader Shigeru Ishiba is facing a political funding scandal that has damaged his reputation and sparked speculation that internal efforts to remove him are underway.
Japan promises 'bold and speedy' response to Trump’s surprise 24% tariffs
U.S. President Donald Trump unveils new U.S. tariffs at the White House in Washington on Wednesday.
Tokyo’s KK Line to close for decadelong overhaul as public greenway
People enjoy running and yoga on Tokyo Expressway’s KK Line, a 2-kilometer elevated expressway cutting through the capital’s commercial Ginza district, when it was opened as a pedestrian space in May last year.
Tottori takes a bold leap forward in the arts
The city of Kurayoshi in Tottori Prefecture celebrated the opening of its public art museum with festivities such as a parade that drew 1,000 revelers.
Haruki Murakami TV adaptation revisits 30 years of watershed moments
Though Haruki Murakami's trademark whiff of offbeat existentialism is threaded throughout NHK's "After the Quake," the final episode — conceived as a sequel to the story "Super-Frog Saves Tokyo" — is the most stylized, featuring an anthropomorphic talking frog (voiced by Non) and his erstwhile associate Katagiri (Koichi Sato).
Nintendo to launch the Switch 2 on June 5
The controllers for the Switch 2 will attach to the console magnetically rather than sliding on rails as with the original device.
A new human trafficking trend emerges from Myanmar scam centers
Victims of scam centers who were tricked or trafficked into working in Myanmar gather at a compound inside KK Park, a fraud center on the country's border with Thailand, after a multinational crackdown in February.
A Canadian made a weekend trip to Costco a Japanese pastime
Under the watchful eye of Ken Theriault, Costco representative director and Japan country manager, the American membership-model wholesaler has flourished in Japan.

Podcast

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

Longform

Professional cleaner Hirofumi Sakurai takes a moment to appreciate some photographs in a Gotanda apartment whose occupant died alone.
The last cleanup: Life and death in a lonely Japan
By Johan Brooks

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