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April 01, 2025
 

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ACQUISITIONS

Nippon Steel headquarters in Tokyo. Nippon Steel said last month that it would make an additional investment of about $1.3 billion in U.S. Steel following the takeover.
BUSINESS / Companies
Sep 3, 2024
Nippon Steel defends its U.S. Steel bid after Harris' opposition
Nippon Steel released a statement Tuesday arguing that the Japanese firm's planned acquisition of U.S. Steel would benefit the United States.
U.S. Vice President Kamala Harris, the Democratic presidential nominee, speaks during a campaign event she attended with U.S. President Joe Biden at IBEW Local Union 5 in Pittsburgh on Monday.
BUSINESS
Sep 3, 2024
Harris says U.S. Steel should remain American owned and run
It’s not clear whether a decision on the takeover will land on U.S. President Joe Biden’s desk or that of his successor — or even if it will proceed at all.
Seven & I is currently categorized on the Finance Ministry's classification list as a company that conducts "designated," but not "core" businesses.
BUSINESS / Companies
Sep 3, 2024
Japanese companies cannot use national security cover to block takeovers, official says
Japanese companies cannot use a national security designation as a tool to thwart foreign takeovers, a senior Finance Ministry official said.
U.S.-based asset manager Artisan Partners asked Seven & I, operator of 7-Eleven stores, to brief shareholders on the status of takeover negotiations with Alimentation Couche-Tard by Sept. 19.
BUSINESS / Companies
Sep 1, 2024
Seven & I shareholder pushes for negotiations with Couche-Tard
U.S.-based asset manager Artisan Partners asked Seven & I to brief shareholders on the status of takeover negotiations by Sept. 19.
Kirin Holdings President Takeshi Minakata at the company's headquarters in Tokyo on Wednesday
BUSINESS / Companies
Aug 29, 2024
Kirin clinched Fancl takeover to propel health pivot, president says
Fancl fits into a health science portfolio that Kirin aims to grow into a new pillar of the group.
A train carrying steel slabs leaves the U.S. Steel Edgar Thomson Works steel mill in Braddock, Pennsylvania.
BUSINESS / Companies
Aug 29, 2024
Nippon Steel woos U.S. union with extra $1.3 billion investment
The United Steelworkers union has so far opposed a corporate tie-up with U.S. Steel.
A Couche-Tard convenience store in Montreal. Canadian retailer Alimentation Couche-Tard has made a preliminary non-binding proposal to buy 7-Eleven owner Seven & I Holdings.
BUSINESS / Companies
Aug 27, 2024
Couche-Tard might finance Seven & I takeover with debt
A leveraged acquisition would be feasible because of the Japanese company's strong cash flow, people familiar with the Canadian retailer’s thinking said.
A Canadian retailer's bid to buy the operator of 7-Eleven convenience stores follows the introduction last year of government guidelines on mergers and acquisitions instructing companies to seriously consider takeover offers.
BUSINESS / Companies / ANALYSIS
Aug 27, 2024
Seven & I takeover proposal tests Japan’s evolving investor-friendly stance
The proposed purchase of the convenience store operator follows government guidelines instructing companies to seriously consider takeover offers.
Seven & I Holding’s logo is seen at a 7-Eleven convenience store in Tokyo on Aug. 19. Apart from 7-Eleven, Seven & I also owns, has stakes in or operates a number of other iconic properties, including Denny’s, Tower Records and Ito-Yokado.
BUSINESS / Companies
Aug 22, 2024
Japan warms to audacious Canadian bid for 7-Eleven operator
The deal might just work if Alimentation Couche-Tard lets the convenience store chain get on with business and continue to develop and expand globally.
An employee pulls a trolley containing boxes of LD Ultra-Slim cigarettes ready for shipping at the Japan Tobacco cigarette plant in the town of Senta in Serbia. JT Group is buying U.S. discount cigarette-maker Vector Group.
BUSINESS / Companies
Aug 22, 2024
JT Group plans to buy U.S. cigarette-maker Vector for ¥348.6 billion
The move will address a loss of anticipated growth due to Russia's war in Ukraine, and will boost Japan Tobacco's U.S. market share from 2.3% to about 8%.
The 7-Eleven convenience store chain, a deeply ingrained part of modern Japanese life, faces a potential takeover by Canadian company Alimentation Couche-Tard.
COMMENTARY
Aug 21, 2024
A 7-Eleven buyout would stretch Japan’s appetite for M&A
The country’s convenience stores have become essential to daily life. That has many fearing the prospect of a foreign takeover.
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.
A 7-Eleven convenience store, operated by Seven & I Holdings, in Tokyo
BUSINESS / Companies
Aug 19, 2024
Couche-Tard bids for $31 billion Japanese retailer Seven & I
If realized, Canadian convenience-store operator Alimentation Couche-Tard's move would be the largest-ever foreign takeover of a Japanese company.
Nippon Steel Vice Chairman Takahiro Mori holds a news conference in Tokyo on Thursday.
BUSINESS / Companies
Aug 4, 2024
Nippon Steel raises full-year profit forecast, confident on U.S. Steel deal
Net profit in April-June, its first quarter, fell 11% from a year earlier to ¥157.6 billion, but exceeded analyst expectations of ¥108.7 billion as per LSEG data.
The U.S. sushi market has grown to almost 1.6 times the size of the market in Japan, according to Sojitz.
BUSINESS
Jul 30, 2024
Japan's Sojitz buys U.S. sushi business in seafood expansion drive
Sojitz is aiming to boost annual net profit from seafood operations to ¥4 billion ($26 million) in the year to March 2027.
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.
Former U.S. Secretary of State Mike Pompeo speaks during the last day of the 2024 Republican National Convention on Thursday in Milwaukee, Wisconsin.
BUSINESS / Companies
Jul 20, 2024
Nippon Steel hires Mike Pompeo to help clinch purchase of U.S. Steel
Pompeo, who served as the U.S.’ top diplomat under Donald Trump, will be an adviser to the Japanese company for its $14.1 billion purchase.
Bain Capital partner Masashi Suekane during an interview last month
BUSINESS / Markets
Jul 5, 2024
Bain Capital to invest ¥5 trillion in Japan over five years
Bain Capital plans to increase its workforce in Japan and has established a team to help firms make effective use of their real estate with low profitability.
Lufthansa planes in Frankfurt on March 7
BUSINESS
Jul 4, 2024
EU's airline deal demands fuel doubts over further attempts
While the deal expands Lufthansa's footprint in southern Europe, the combined group will have to cede some routes and slots to rivals for it to proceed.
Masahiko Kato, president and chief executive officer of Mizuho Bank
BUSINESS / Companies
Jul 3, 2024
Mizuho seeks to back more strategic deals by Japan’s mid-caps
Though companies such as automakers grab the attention of global investors, smaller firms dominate in terms of the number of companies in Japan.
Japan's biggest beef bowl chain Sukiya to shut nearly 2,000 stores after rat and bug contamination
Zensho Holdings, operator of fast-food chain Sukiya, said it will close all of its stores in Japan, except for a small number in shopping centers, between Monday and Friday following recent contamination incidents.
School-age suicides in Japan hit all-time high
A volunteer handles an incoming call at the Tokyo Befrienders call center, a suicide hotline center in Japan's capital.
Japan considers all possible options as Trump threatens new auto tariffs
Subaru cars awaiting export at a port in Yokohama on Thursday.
In Tokyo, Pentagon chief provides assurances that Japan-U.S. alliance remains robust
Defense Minister Gen Nakatani (left) and U.S. Secretary of Defense Pete Hegseth review an honor guard during a welcome ceremony at the Defense Ministry in Tokyo ahead of their talks Sunday.
Japan, South Korea and China vow to strengthen trade ties amid looming U.S. tariffs
Economy, Trade and Industry Minister Yoji Muto (left), South Korean Trade Industry and Energy Minister Ahn Duk-geun (center) and Chinese Commerce Minister Wang Wentao during a trilateral meeting in Seoul on Sunday
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.
Tokyo tech failures lean into misfortune, mistakes and missteps
Tsuyoshi Domoto in Tokyo's Shinjuku Ward on March 28. As an entrepreneur, Domoto experienced plenty of setbacks but maintains a positive attitude and continues to pursue his dreams.
Who among the opposition would join the ruling coalition?
Prime Minister Shigeru Ishiba enters his office in Tokyo on Friday.
Traveling the Three-Star Road, the tourist route made from thin air
Scenes like this snow-covered bridge leading to the village of Shirakawa-go are what make the Three-Star Road worth traveling — its name notwithstanding.
Recent spate of wildfires in Japan and South Korea linked to climate change
Smoke and flames rise from a wildfire in Andong, South Korea, on Tuesday.

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