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November 22, 2024
 

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ACQUISITIONS

Funding for the proposed buyout of Japan's Seven & i Holdings by its founding family will be finalized by the end of December, sources say.
BUSINESS / Companies
Nov 21, 2024
Seven & I buyout funding to be finalized by next month, sources say
The retailer is caught in a three-way tug-of-war between a foreign suitor, its founding family and company management.
Sony Group headquarters in Tokyo, on Jan. 31, 2023
BUSINESS
Nov 20, 2024
Japanese publisher Kadokawa shares roar on Sony buyout report
Early afternoon Kadokawa shares were up 15.91% to ¥4,341 on the Tokyo Stock Exchange.
Nippon Steel has accused critics of the U.S. Steel deal of making inaccurate comments about the transaction.
BUSINESS / Companies
Nov 19, 2024
Nippon Steel claims union 'misinformation' in battle for U.S. Steel
Vice Chairman Takahiro Mori has reiterated commitments made by Nippon Steel, which include maintaining U.S. Steel’s blast furnace operations.
Sony already has a 2% stake in Kadokawa and a stake in Kadokawa subsidiary FromSoftware, the developer of Elden Ring.
BUSINESS / Companies
Nov 19, 2024
Sony in talks to buy media powerhouse behind Elden Ring, sources say
The talks between the two sides are ongoing and, if successful, a deal could be signed in the coming weeks.
Masayoshi Son (front, center) poses with the members of the Fukuoka SoftBank Hawks after the team won the Pacific League championship at Kyocera Dome Osaka on Sept. 23.
JAPAN / Society / Regional Voices: Kyushu
Nov 18, 2024
Masayoshi Son’s aim for SoftBank Hawks remains, 20 years after buyout
This year, the team became Pacific League champions for the first time in four years. But its owner has loftier goals.
Masahide Endo, chief consultant at Daiwa Institute of Research noted that Alimentation Couche-Tard's bid for Seven & I Holdings had spawned a sense of crisis in other industries over sudden takeover proposals.
BUSINESS / Economy
Nov 18, 2024
Japanese companies increasingly targeted in foreign M&A bids
The total value of inbound acquisitions from overseas is up about 3.7 times year on year.
A factory in Kakamigahara, Gifu Prefecture. Even among profitable small and medium-sized enterprises, it is not uncommon for business owners to shut down due to aging and a lack of successors.
BUSINESS / Companies / FOCUS
Nov 16, 2024
Japan issues warning over bad-faith buyers in small business M&As
As M&As gain attention as a viable option for business succession, measures are being introduced to raise awareness and safeguard companies.
Donald Trump remains mum on the deal just as a top Nippon Steel executive readies a trip to Pittsburgh to persuade rank-and-file union members and politicians to support the $14.1 billion acquisition of the iconic American company.
BUSINESS / Companies
Nov 16, 2024
Trump promised to kill U.S. Steel deal. Now what?
The president-elect remains mum on the deal just as a top Nippon Steel executive readies a trip to Pittsburgh to rally support for the sale.
There is a broad shift in Japan’s business environment, where long-standing relationships are being challenged by foreign and activist investors looking for merger and acquisition deals.
COMMENTARY / Japan
Nov 15, 2024
Japan's newfound love of M&A makes for strange bedfellows
There is a broad shift in Japan’s business environment, where long-standing relationships are being challenged by foreign and activist investors.
Nippon Steel Vice President Takahiro Mori is set to visit United States next week to meet with union members in a bid to move forward a U.S. Steel takeover deal.
BUSINESS / Companies
Nov 14, 2024
Nippon Steel’s vice president to meet steelworkers in Pittsburgh next week
The move shows the Japanese company is making a push to persuade union members that its bid to take over U.S. Steel will be good for workers.
Seven & I Holdings on Wednesday said that it has received a nonbinding offer for the company from Junro Ito, a vice president and representative director of the company, and Ito Kogyo, a company connected to him.
BUSINESS / Companies
Nov 13, 2024
Seven & I considers massive management buyout offer
The offer brings together a member of the company’s founding family, a giant trading company and some of Japan’s largest banks.
Nippon Steel Chairman and CEO Eiji Hashimoto told a local weekly that a lawsuit is possible if the company's proposed buyout of U.S. Steel gets blocked without proper procedures being followed.
BUSINESS / Companies
Nov 13, 2024
Nippon Steel does not rule out lawsuit if U.S. Steel deal nixed, CEO says
If the deal falls through without a legitimate reason or proper procedures, the Japanese steelmaker would consider suing the U.S. government, CEO Eiji Hashimoto says.
Global investment firms plan to beef up hiring in Japan, as deals surge on the domestic market.
BUSINESS / Companies
Nov 12, 2024
Global investment firms hunt for talent in Japan as deals boom
The hiring spree underscores the intensity of dealmaking in Japan, which has been a rare bright spot amid a slowdown in M&A deals globally over the last couple of years.
Nojima will purchase about 93% of Vaio's outstanding shares from investment fund Japan Industrial Partners.
BUSINESS / Companies
Nov 12, 2024
Nojima to acquire PC company Vaio for ¥11.2 billion
Sony will continue to hold a 4.7% stake in Vaio.
Yasushi Itagaki, head of MUFG’s global commercial banking business, says the banking group aims to push up its buyouts and investment in India, and increase annual returns from them to 20% in 10 years.
BUSINESS / Companies
Nov 11, 2024
MUFG seeks acquisitions in India to drive growth, targeting 20% returns
Japan's largest lender is competing with a slew of global peers to expand in the world’s fastest-growing major economy.
U.S. Steel's Clairton Coke Works facility in Clairton, Pennsylvania
BUSINESS / Companies
Nov 8, 2024
Nippon Steel seeks to close U.S. Steel deal before Trump is president
Before the Nov. 5 election, which handed him victory, Donald Trump promised to block the deal if reelected.
Watami CEO Miki Watanabe (right) during a news conference in Tokyo on Friday
BUSINESS / Companies
Oct 25, 2024
Izakaya chain buys Subway Japan in challenge to McDonald’s
The Subway franchise has historically struggled to gain footing in the Japanese market, with just 178 locations compared to nearly 3,000 for McDonald’s.
Ryuichi Isaka, CEO of Seven & I Holdings, speaks during a news conference in Tokyo in April. Isaka is now assuring investors that the group's revenue will likely almost double by the 2030 fiscal year.
BUSINESS
Oct 24, 2024
Facing buyout bid, Seven & I tells investors sales will double by 2030
The retailer aims to reach ¥30 trillion in group sales by the 2030 fiscal year, with a greater contribution from convenience-store operations in markets abroad.
Komainu, the cryptocurrency custodian backed by Nomura Holdings, is buying Singaporean rival Propine Holdings.
BUSINESS / Companies
Oct 22, 2024
Nomura-backed crypto custodian Komainu makes first acquisition
Komainu will also apply for a so-called Major Payment Institution license in Singapore, which will allow the firm to fully offer payment services.
Founded in 1879, Tokio Marine was Japan's first nonlife insurance company and it has since expanded into life insurance and now has a presence in 46 countries besides Japan.
BUSINESS
Oct 18, 2024
Tokio Marine pauses sale of Southeast Asia life insurance business, sources say
The delay appears to be due to the firm's dispute with a Malaysian partner.
Two of America’s biggest debt holders are dumping Treasurys
The U.S. Treasury building in Washington. Investors in Japan and China sold a pile of U.S. debt in the last quarter, just before the U.S. presidential election.
Ishiba aggravates his own political failures with diplomatic faux pas
Prime Minster Shigeru Ishiba is greeted at the APEC summit in Lima by Canadian Prime Minister Justin Trudeau on Friday. The Japanese leader was criticized for remaining seated while meeting several world leaders at the event.
Japan's 3.31 million visitors in October set monthly record
Kiyomizu Temple in Kyoto in December 2023. Famous autumn leaf colors contributed to increased tourism demand last month from many markets across Asia, Europe and North America, the Japan National Tourism Organization has said.
Japan ranks last in romance satisfaction for second straight year
In a survey of 31 countries, Japan ranked last in terms of those who felt loved, with just 51% of respondents saying so.
Ruling coalition and DPP strike last-minute deal over economic policy
DPP policy chief Makoto Mahaguchi speaks at the party's policy gathering in Tokyo on Wednesday.
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.
Haruki Murakami's 'The City and Its Uncertain Walls' gives deep deja vu
For “The City and Its Uncertain Walls,” translated into English by Philip Gabriel, Haruki Murakami confronts the ghosts who won't leave him alone.
Japanese expats in Asia find community through rugby
The Taiwan Fivewoods celebrate their victory at the 2023 Asian Japanese Rugby Cup in December of last year.
In Fukushima, a weekend of prose, poetry and translation
Aomori-based writer JJ Carter presented on tabletop gaming as creative inspiration for building characters and narratives.
For Dr. Nakamats, aging is just experience in action
Though he didn't win the recent gubernatorial election in Tokyo, the 96-year-old Dr. Nakamats' run was seen as inspirational in Japan's aging society.

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