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November 22, 2024
 

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ACQUISITIONS

A Tsuruha Holdings store in Otaru, Hokkaido. The drug store chain is considering selling the entire company for about $4 billion or even more, sources said.
BUSINESS / Companies
Nov 15, 2023
Japan’s Tsuruha weighs sale after proxy battle with Oasis
The company is working with an adviser on the potential transaction and has reached out to some private equity firms to gauge their interest.
Hulu was founded in 2007 as a joint venture between News Corporation and NBC Universal, with Disney joining soon after as a partner.
BUSINESS / Companies
Nov 2, 2023
Disney to complete takeover of Hulu with $8.6 billion deal
The acquisition comes as the company strives to boost subscriber numbers at its Disney+ streaming service.
Cosmo Energy Holdings has said it will call another shareholder vote in December to seek approval for a "poison pill" takeover defense against a group of activist investors.
BUSINESS / Companies
Oct 25, 2023
Cosmo calls another shareholder vote in activist defense
Japan's third-biggest oil refiner said it will not prevent the group a group of activist investors from voting this time.
An electronic stock board in Tokyo. Kokusai Electric is set to go public on the Tokyo Stock Exchange on Wednesday.
BUSINESS / Markets
Oct 24, 2023
KKR poised for Kokusai payoff with largest Japan IPO since 2018
The American private equity firm acquired the business from Hitachi Kokusai Electric through a tender offer in 2018.
Manchester United fans have frequently protested against the club's current owners, the Glazer family.
SOCCER
Oct 15, 2023
Qatari investors withdraw bid for Manchester United
The Qatari group had offered more than £5 billion ($6.1 billion) for the team, compared to its current market value of $3.3 billion.
A Matsumotokiyoshi drugstore in Tokyo. Matsumotokiyoshi Holdings and Cocokara Fine integrated their operations in 2021.
BUSINESS / Companies / FOCUS
Oct 10, 2023
Japanese drugstores under pressure for realignment
One analyst has described realignment in the drugstore sector as "a natural course of development."
Pump jacks in an oil field in Midland, Texas. Big Oil is responsible for the bulk of human-induced greenhouse gas emissions and pressure for action is building.
BUSINESS
Oct 7, 2023
Exxon Mobil's megadeal to test climate-aware shareholders
Negotiations between Exxon and Pioneer are advanced but have not yet led to an agreement over the acquisition.
An exhibition featuring Studio Ghibli films, including calligraphy by film producer Toshio Suzuki with famous film lines, is held in Bangkok in February 2022.
COMMENTARY / Japan
Sep 22, 2023
Is this the end for Japan’s iconic Studio Ghibli?
It’s tough to find an appropriate analogy for the Ghibli sale; the only one that comes close is Disney's purchase of Pixar for $7.4 billion in 2006.
Toshiba said the Japan Industrial Partners-led consortium had gained 78.65% of Toshiba’s outstanding shares through the bid, which began Aug. 8, paying ¥4,620 per share.
BUSINESS / Companies
Sep 21, 2023
Toshiba to go private after success of ¥2 trillion takeover bid
The Japan Industrial Partners-led consortium has gained 78.65% of outstanding shares, paying ¥4,620 per share.
A Sogo department store in Yokohama. Fortress Investment Group, which has acquired Sogo & Seibu, plans to keep all 10 Sogo and Seibu department stores open for the time being, sources said.
BUSINESS / Companies
Sep 6, 2023
Fortress to maintain all Sogo and Seibu stores for now: sources
The U.S. investment firm now plans to spend a total of ¥60 billion, compared with at least ¥20 billion it initially considered.
Toshiba, which has know-how ranging from air conditioners and nuclear power equipment to semiconductors and quantum computing, sees a Japan Industrial Partners-led bid as a chance to regain its footing following more than a decade of scandals and management overhauls.
BUSINESS / Companies
Aug 7, 2023
JIP-led ¥2 trillion tender offer for Toshiba to start Aug. 8
A consortium led by Japan Industrial Partners will start a tender offer to buy all outstanding Toshiba shares at ¥4,620 per share through Sept. 20.
Pedestrians outside a Seibu department store in Tokyo's Ikebukuro district in April
BUSINESS / Companies
Jul 31, 2023
Seven & I struggles to sell slumping Sogo & Seibu department stores
The holdup is centered around the flagship Seibu department store in Tokyo's Ikebukuro district, with the local government expressing rare opposition.
Japan Times
BUSINESS
Jul 7, 2023
Toshiba tender offer to be delayed until August or later
The consortium initially planned to launch the tender offer as early as late July, but it is taking time to obtain approval from antitrust regulators in certain countries.
Japan Times
BUSINESS
Jul 1, 2023
Sega Sammy extends acceptance period for Rovio bid
Sega Sammy in April made a €706 million ($770 million) bid for its Nordic peer to bolster its mobile gaming business.
Japan Times
BUSINESS
Jun 26, 2023
Mitsubishi UFJ to buy Indonesian auto loan firm Mandala for $467 million
Japanese companies are expanding their footprint in Southeast Asia, hoping to capture an emerging middle class in a region with around 690 million people.
Japan Times
BUSINESS
Jun 24, 2023
State-backed Japan Investment Corp. in talks to buy nation's top chip firm, report says
The fund reportedly aims to make a tender offer as early as this year after clearing the buyout with domestic and foreign antitrust authorities.
Japan Times
BUSINESS / Companies
Jun 22, 2023
Cosmo Energy wins investor approval for 'poison pill' against activist
The approval marks the second such vote on a poison pill in Japan that excludes an investor, in a practice some governance experts say could deter shareholder activism.
Japan Times
BUSINESS / Companies
Jun 8, 2023
Toshiba backs JIP-led buyout in boost to deal’s chances
Since 2015, Toshiba has been battered by accounting scandals — suffering heavy loss — and came close to being de-listed.
Japan Times
BUSINESS / Companies
May 30, 2023
Wall Street deals show unfulfilled ambition of Japan’s megabanks
Japanese lenders have so far made slow progress cracking the U.S. market.
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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