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October 29, 2025
 

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ACQUISITIONS

A U.S. security panel granted Nippon Steel permission to refile its bid, pushing a final decision beyond the presidential election next month.
BUSINESS / Companies
Oct 12, 2024
Nippon Steel will exit Alabama plant if U.S. Steel bid succeeds
Japan’s biggest steelmaker would offload its 50% holding in AM/NS Calvert to its joint-venture partner ArcelorMittal for $1, it said in a statement on Friday.
Seven & I Holdings essentially unveiled a plan to split in two.
BUSINESS / Companies
Oct 11, 2024
Seven & I to split in two to fend off Couche-Tard takeover bid
The big question is if the move will be enough to win over any investors warming to Couche-Tard’s approach.
Seven & I had been under pressure from activists and other investors for years to narrow its focus on its crown jewel: 7-Eleven and other convenience stores.
BUSINESS / Companies
Oct 10, 2024
Seven & I to embrace 7-Eleven name as it sheds noncore businesses
The plans accelerate restructuring efforts in the face of an unsolicited ¥7 trillion takeover proposal from Alimentation Couche-Tard.
Couche-Tard isn’t giving up on its takeover effort of Seven & I Holdings, the owner of 7-Eleven stores.
BUSINESS / Companies
Oct 9, 2024
Couche-Tard reportedly sent higher price of $47 billion for Seven & I
The fresh attempt to enter talks shows that Couche-Tard isn’t giving up on its takeover effort.
An Ito-Yokado supermarket in Tokyo. Selling down some of its stake in the supermarket business would allow Seven & I to bring in a partner that could accelerate an overhaul of the unit.
BUSINESS
Oct 4, 2024
Seven & I considering supermarket stake sale ahead of IPO, sources say
The supermarket business includes the Ito-Yokado chain, one of Japan's best-known grocery store businesses.
For years, Seven & I has faced calls from investors to focus more on its convenience-store business.
BUSINESS
Oct 3, 2024
7-Eleven owner seeking to sell off part of stake in banking unit
The sale of part of its stake in Seven Bank would intend to show Seven & I Holdings is willing to focus more on its core 7-Eleven business.
Japan's declining population has made it more difficult for convenience store operators to grow.
BUSINESS / Companies / FOCUS
Oct 1, 2024
Some 7-Eleven owners in Japan welcome foreign bid, hoping for change
Some franchisees are concerned about competition from rivals and say they are struggling with rising costs.
Intel, once the world’s largest chipmaker, has become the target of takeover speculation since a rapid deterioration of its business this year.
BUSINESS / Tech
Sep 28, 2024
Arm is rebuffed by Intel after inquiring about buying product unit
Intel, once the world’s largest chipmaker, has become the target of takeover speculation since a rapid deterioration of its business this year.
U.S. President Joe Biden disembarks from Air Force One upon arrival at Dover Air Force Base in Dover, Delaware, on Friday.
BUSINESS / Companies
Sep 28, 2024
Biden still opposes Nippon Steel deal's bid for U.S. Steel
The remarks threw cold water on hopes by deal supporters that the proposed tie-up could get a green light from a key review committee.
Gilles Langourieux, chief executive officer of Virtuos, speaks during an interview in Tokyo on Thursday.
BUSINESS / Companies
Sep 27, 2024
Game developer Virtuos seeks acquisitions and growth in Japan
The Singapore-based company, which has been involved in such major franchises as Call of Duty and Metal Gear Solid, is in active talks with multiple studios in Japan.
U.S. Steel said an arbitration board had ruled in favor of Nippon Steel's $14.9 billion buyout of the company.
BUSINESS / Companies
Sep 26, 2024
U.S. Steel says arbitration board rules in favor of Nippon Steel's $14.9 billion buyout
Nippon Steel had paid a hefty premium to clinch the deal for U.S. Steel on a bet that it could benefit from U.S. President Joe Biden's infrastructure spending bill.
Nippon Steel Vice Chairman Takahiro Mori says the company remains committed to talks with the United Steelworkers (USW) labor union.
BUSINESS / Companies
Sep 24, 2024
Nippon Steel's Mori asks USW leadership to 'come to the table'
The deal has faced opposition from high-profile Democrats and Republicans ahead of the U.S. November presidential elections.
Circle K owner Alimentation Couche-Tard’s initial $14.86-a-share proposal, seen as cheap at only 20% above Seven & I’s share price, may fail without a higher bid.
COMMENTARY / Japan
Sep 19, 2024
How 7-Eleven can get a big price from Circle K
Alimentation Couche-Tard’s initial $14.86-a-share proposal, seen as cheap at only 20% above Seven & I’s share price, is unlikely to succeed without a higher bid.
A United Steelworkers sign is seen outside the Great Lakes Works U.S. Steel plant in River Rouge, Michigan.
BUSINESS / Companies
Sep 18, 2024
U.S. decision on Nippon Steel bid pushed back until after election
The move offers a ray of hope for the companies, whose proposed deal appeared set to be blocked on national security grounds.
7-Eleven's parent company this month rejected a $38.5 billion offer from Circle-K owner Couche-Tard, citing concerns about price.
BUSINESS / Companies
Sep 17, 2024
7-Eleven parent's new security rating won't affect a buyout, minister says
The finance minister's comments appeared aimed at easing investor concerns about the move.
Nippon Steel may be interested in buying the troubled Italian steel plant formerly known as Ilva, Il Sole 24 Ore reported on Saturday, without saying where it got the information.
BUSINESS / Companies
Sep 14, 2024
Nippon Steel may bid for Italy’s ex-Ilva plant, report says
Representatives of Italy’s government and Japan’s embassy discussed the potential offer last week, the newspaper said without revealing its source.
A water tower at the United States Steel Edgar Thomson Works steel mill in Braddock, Pennsylvania, on Sept. 4
BUSINESS / Companies
Sep 14, 2024
Biden administration is likely to delay decision over U.S. Steel
The White House has faced backlash for politicizing its review of Nippon Steel’s takeover of the company.
Seven & I Holdings, the operator of 7-Eleven convenience stores, was designated as a "core" company. The government requires any foreign entity to give prior notification of share purchases in a core company of more than 10%.
BUSINESS / Companies
Sep 13, 2024
Seven & I gets new designation, a potential hurdle for takeover
The new "core" category requires any foreign entity to give prior notification of share purchases in a core company of more than 10%.
Nippon Steel headquarters in Tokyo
BUSINESS / Companies
Sep 13, 2024
Nippon Steel and U.S. Steel send letter to Biden on merger plans
A spokesperson did not provide details about the letter's content, but said it was signed by the chief executives of both steelmakers.
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.
Inside Tokyo's 'phantom' stations — and the stories they tell
Mamoru Iwai, stationmaster of Keisei Ueno Station, says that, other than earthquake-proofing, the former Hakubutsukan-Dobutsuen (Museum-Zoo) Station has remained untouched.
At first summit with Trump, Takaichi pledges 'new golden age' for alliance
Prime Minister Sanae Takaichi raises her fist as U.S. President Donald Trump delivers a speech in front of U.S. Navy personnel on board the U.S. Navy's USS George Washington aircraft carrier at the American naval base in Yokosuka, Kanagawa Prefecture, on Tuesday.
Trump arrives in Japan for security and trade talks in test for Takaichi
U.S. President Donald Trump is welcomed by Emperor Naruhito upon his arrival at the Imperial Palace in Tokyo on Monday evening.
Japanese firms keep expanding in Germany's North Rhine-Westphalia
A Nishiyama Seimen employee works at its factory in Sapporo.
Bear kills another person in Japan in record year for fatal attacks
Police investigate the scene of a bear attack that killed one person and injured three others on Friday in the village of Higashinaruse in Akita Prefecture.
Tokyo Film Festival opens with global stars and a spotlight on Asian storytelling
Director Junji Sakamoto (left) walked the Tokyo International Film Festival red carpet with Sayuri Yoshinaga (center) and Non (right), who both play mountaineer Junko Tabei, the first woman to summit Mount Everest, in the biopic "Climbing for Life."
Hawks aim to bring energy from Japan Series blowout to Koshien
Hawks players celebrate victory over the Tigers at Mizuho PayPay Dome Fukuoka on Sunday.
Spanish artist and Japanese writer duos diversify the manga talent pool in Japan
"Menheim” is a dark fantasy manga with a story that centers on a girl’s quest to find a cure for her ill brother.
Japan’s youth are apathetic toward the climate crisis. Could anime change that?
“Future Kid Takara,” a series of anime shorts to be aired on NHK Educational TV in November, attempts to educate children about climate change.
Loss to Wallabies doesn't dampen Japan’s optimism
Japan's Michael Leitch controls the ball during the match against Australia on Saturday.

Podcast

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

Longform

Mamoru Iwai, stationmaster of Keisei Ueno Station, says that, other than earthquake-proofing, the former Hakubutsukan-Dobutsuen (Museum-Zoo) Station has remained untouched.
Inside Tokyo's 'phantom' stations — and the stories they tell
By Alex K.T. Martin

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