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March 29, 2025
 

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ACQUISITIONS

People walk toward a beach in Miyakojima, Okinawa Prefecture.
BUSINESS / Companies
Dec 18, 2024
Blackstone buys Ritz-Carlton Okinawa as Japan tourism booms
The transaction will include the Kanehide Kise Beach Palace and money to be spent on renovations, sources say.
U.S. Steel's Gary Works, the largest integrated steel mill in the country, in Gary, Indiana
BUSINESS / Companies
Dec 15, 2024
U.S. foreign investment panel split on Nippon-U.S. Steel deal, report says
The U.S. Treasury has informed Nippon Steel that the panel reviewing its proposed $14.9 billion purchase of U.S. Steel has not yet come to an agreement on how to address security concerns, the Financial Times reported on Sunday.
A Nippon Steel blast furnace building in Kashima, Ibaraki Prefecture, on Dec. 6
BUSINESS / Companies
Dec 14, 2024
Nippon Steel’s plan B now in focus as $14 billion U.S. deal falters
The bid for the once-fabled American company ran into a maelstrom of political opposition in the U.S. in the run-up to the presidential election.
Nippon Life Insurance, Japan’s largest insurer by assets, will buy $250 million worth of convertible notes and $300 million of preferred securities issued by TCW Group.
BUSINESS / Companies
Dec 12, 2024
Nippon Life ramps up global push with $550 million TCW deal
The announcement comes just a day after Nippon Life agreed to buy Bermuda-based Resolution Life Group Holdings for about $8.2 billion.
Monex Group Chairperson Oki Matsumoto (center), celebrates the debut of Coincheck on the Nasdaq Global Market on Wednesday in New York.
BUSINESS / Companies
Dec 12, 2024
Japanese crypto exchange Coincheck goes public in U.S.
Coincheck, effectively controlled by Japanese online broker Monex Group, aims to expand its operations through acquisitions in the U.S. and Japan.
People are seen at one of Seven & I Holdings's 7-Eleven convenience stores in Tokyo in January 2017.
BUSINESS / Companies / ANALYSIS
Dec 12, 2024
7-Eleven battle shows resilience of Japan Inc.'s family ties
Founding families are able to wield considerable power in Japanese companies despite holding small stakes.
Bain Capital plans to pay ¥9,600 a share for Fuji Soft, it said in a statement on Wednesday.
BUSINESS
Dec 11, 2024
Bain raises offer for Fuji Soft in $4.3 billion contest with KKR
The Boston-based investment firm plans to pay ¥9,600 a share for Fuji Soft, it said in a statement.
The $8.2 billion deal is the largest overseas acquisition by a Japanese insurer to date and the second major transaction announced by Nippon Life this year.
BUSINESS / Companies
Dec 11, 2024
Nippon Life to buy Resolution in $8.2 billion deal as it pursues U.S. growth
The deal is the largest overseas acquisition by a Japanese insurer to date and the second major transaction announced by Nippon Life this year.
The United Steelworkers union claims that Nippon Steel's latest offer is tantamount to bribery.
BUSINESS / Companies
Dec 11, 2024
Union blasts Nippon Steel’s $5,000 per worker bonus in U.S. Steel deal
The United Steelworkers called Nippon Steel's move “a classic union-busting tactic” and a “desperate attempt to win over support for its doomed acquisition.”
Izumi Kobayashi, director of Mizuho Financial, Omron and ANA, speaks during the Reuters Next conference in New York on Tuesday.
BUSINESS
Dec 11, 2024
Mizuho director says companies should not overreact to Trump's tariff threats
It would be difficult for companies to withdraw from China given its mammoth size, said Izumi Kobayashi.
U.S. President Joe Biden — born in U.S. Steel’s home state of Pennsylvania — has long signaled opposition to the company's sale to Nippon Steel.
BUSINESS
Dec 11, 2024
U.S. says review of Nippon Steel bid ongoing as U.S. Steel shares tumble
The companies are poised to pursue litigation over the process if U.S. President Joe Biden decides to block the merger, sources added.
Mitsubishi UFJ, Mizuho and Sumitomo Mitsui are enjoying record earnings and they are determined to fund overseas expansion.
BUSINESS / Companies
Dec 10, 2024
Japan's megabanks are flush with cash and hunting overseas deals
The primary focus is on the U.S. and India, respectively the world’s largest economy and the fastest-growing.
The exterior of a blast furnace building is seen during a media tour by Nippon Steel at their East Nippon Works Kashima Area facility in Kashima, Ibaraki Prefecture, on Friday.
BUSINESS / Companies
Dec 10, 2024
Nippon Steel makes final push to win over U.S. workers
Nippon Steel said it made new commitments with regards to where and when a previously announced $1.4 billion capital expenditure commitment would be spent.
If the deal goes through, the Japanese steelmaker has promised not to transfer any U.S. Steel production capacity or jobs outside the United States.
BUSINESS / Companies
Dec 5, 2024
Nippon Steel committed to U.S. Steel takeover, executive says
"There is no global strategy without the U.S.," Takahiro Mori, the Japanese company's vice chairman, said this week.
U.S. President-elect Donald Trump says he will "block" a planned takeover of U.S. Steel by Nippon Steel.
BUSINESS / Companies
Dec 3, 2024
Trump says will 'block' Nippon Steel from taking over U.S. Steel
Days after the U.S. election last month, Nippon Steel said it expected to close its takeover of the company before the end of the year.
Mitsubishi UFJ Financial Group took a 15% stake in WealthNavi earlier this year.
BUSINESS / Companies
Nov 29, 2024
MUFG considering bid for Japanese robo-adviser WealthNavi
MUFG took a 15% stake in WealthNavi earlier this year
While the economic benefits of Nippon Steel's acquisition of U.S. Steel are clear, concerns remain about sustaining U.S. domestic steel production, preserving national security interests and addressing union concerns.
COMMENTARY / Japan
Nov 28, 2024
Nippon Steel endgame: Resistance or renaissance for the U.S. steel industry
The endgame for Nippon Steel’s bid for U.S. Steel appears near and the results could have a significant impact on U.S.-Japan relations, depending on the outcome.
Elliott Investment Management's stake in Tokyo Gas is centered around getting the utility to sell off its real estate holdings, including Shinjuku Park Tower, which houses the Park Hyatt Hotel Tokyo.
BUSINESS / Companies
Nov 28, 2024
Real estate worth ¥25 trillion puts Japan companies in spotlight
The hidden value of property on corporate balance sheets is a theme behind some of the biggest activist campaigns and mergers and acquisitions in Japan.
Alimentation Couche-Tard CEO Alex Miller said on Tuesday the Canadian retailer remains persistent in its efforts to pursue a deal with Seven & I Holdings.
BUSINESS / Companies
Nov 27, 2024
Couche-Tard not giving up on bid to acquire 7-Eleven owner
The commitment comes despite a new management buyout proposal from the founding family of Seven & I Holdings valued at about $59 billion.
Scale is becoming important even for distributors like Macnica Holdings, which sells chips made by the likes of Intel’s Altera.
BUSINESS / Companies
Nov 27, 2024
Japan’s top chip distributor eyes acquisitions in China and India
Macnica Holdings is eyeing an overseas acquisition to better hold its own against bigger competitors.
Japan considers all possible options as Trump threatens new auto tariffs
Subaru cars awaiting export at a port in Yokohama on Thursday.
Massive quake kills at least 150 in Myanmar and Thailand
Medical workers treat a earthquake survivor on a bed in the compound of a hospital in Naypyitaw on Friday, after an earthquake in central Myanmar.
Student 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.
Tourist submarine sinks in Red Sea of Egypt, leaving 6 people dead
The interior of a Sindbad submarine vessel at sea off Hurghada, Egypt, in August 2024, in this still image obtained from video.
Yellow sand blankets cities across Japan
The Meteorological Agency forecast the yellow sand to move away from eastern Honshu by 6 p.m. on Wednesday. But it will continue to cover parts of western Honshu and Shikoku until Thursday morning, it said.
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.
Hanami season to have record ¥1.39 trillion economic impact on Japan
Cherry blossoms along a road in Tokyo on Tuesday. The 2025 cherry blossom season is expected to have an economic impact of around ¥1.39 trillion on Japan.
Tokyo Series proves to be big business for MLB — and Japanese companies
An advertisement featuring Shohei Ohtani in Tokyo.
New SDF command will be key for contingency planning, Australian commander says
A Maritime Self-Defense Force SH-60K "Super Auk" from JS Shiranui prepares to land on HMAS Brisbane during Exercise Malabar 2023 while off the coast of New South Wales, Australia.
Japanese wages likely to rise more than 5% again this year
Wages are set for another big increase this year as annual negotiations secure generous agreements.

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