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November 24, 2024
 

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COSMO

A Cosmo Energy service station in Tokyo
BUSINESS / Companies
Dec 1, 2023
Iwatani emerges as potential Cosmo white knight with share buy
Iwatani will pay ¥105.3 billion, or ¥6,052 per share, to raise its stake in Cosmo to 19.93% from the current 0.07%.
Cosmo Energy is calling another shareholder vote on Dec. 14 to seek approval to discourage an activist group, led by Yoshiaki Murakami, from increasing its stake to 24.56% from the current 20%.
BUSINESS
Nov 10, 2023
Japan's Cosmo braces for 'poison pill' anti-activist vote
The refiner is calling another shareholder vote on Dec. 14 to seek approval to discourage an activist group from increasing its stake.
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.
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
May 25, 2023
Cosmo CEO says controversial vote tactics justified in activist defense
A vote on a 'poison pill' takeover defense will exclude Cosmo's largest shareholder grouping.
Japan Times
BUSINESS
Feb 10, 2021
Japan’s Cosmo wins rights to explore for oil in Abu Dhabi
Even amid forecasts that global energy demand could peak as early as the 2030s, producers expect buyers to continue using oil for decades more as economies transition to cleaner fuels.
Japan Times
BUSINESS / Companies
Dec 10, 2019
Idemitsu to unify gas station branding with Showa Shell to take on JXTG
Idemitsu Kosan Co. aims to unify its gas station branding with that of Showa Shell Sekiyu K.K. after the business integration of the two major oil wholesalers in April, according to Idemitsu Kosan President Shunichi Kito.
Japan Times
BUSINESS / Companies
Sep 25, 2017
Japan's Cosmo Oil evaluates new sources of crude as market braces for new standards
After years of economic malaise spurred a wave of cutbacks, closures and mergers, reshaping the refining industry in the world's fourth-biggest oil using nation, Japan's Cosmo Oil Co. is reckoning with the aftermath.
BUSINESS / Companies
Dec 25, 2013
Refiners to merge LPG operations
Three oil refiners and trading firm Sumitomo Corp. plan to merge their liquefied petroleum gas import and wholesale operations in a move that would give them the largest share of Japan's LPG market.
U.S. aircraft carrier returns to Japan carrying navy’s ‘most capable fighter’
U.S. 7th Fleet Commander Vice Adm. Fred Kacher speaks to reporters shortly after the arrival of aircraft carrier USS George Washington at Yokosuka naval base in Kanagawa Prefecture on Friday.
Tokyo police care for lost umbrellas, keys and flying squirrels
An employee at the Tokyo Metropolitan Police Department Lost and Found Center in the Iidabashi area of central Tokyo bags, tags and organizes thousands of items.
After Shohei Ohtani bump, Iwate ironware maker sees brighter future
Kaito Kikuchi's decision to send superstar Shohei Ohtani one of his company's traditional ironware tea kettles has paid off with a surge of interest from general consumers.
Japan approves ¥21.9 trillion stimulus plan
The policy chiefs of the Democratic Party for the People, Liberal Democratic Party and Komeito — Makoto Hamaguchi (left), Itsunori Onodera (center) and Mitsunari Okamoto — shake hands after reaching an agreement on an economic stimulus package on Wednesday.
Woman dies after train collides with car in Tochigi
A Moka Railway train car
133-year-old Kyushu railway station remains to be partially preserved
The remains of the original Moji Station in Kitakyushu
After Shohei Ohtani bump, Iwate ironware maker sees brighter future
Kaito Kikuchi's decision to send superstar Shohei Ohtani one of his company's traditional ironware tea kettles has paid off with a surge of interest from general consumers.
Shohei Ohtani wins National League MVP award
Shohei Ohtani celebrates after hitting a three-run home run against the Padres during the National League Division Series at Dodger Stadium in Los Angeles last month.
The slow-burn success of ‘A Samurai in Time’
A 19th-century warrior gets struck by lightning and wakes to find himself in 21st-century Kyoto in Junichi Yasuda’s surprise hit “A Samurai in Time.”
Around a quarter of Japan married couples in their 20s met through dating apps
A survey released by an organization promoting “Good Couples Day” shows that 24% of couples in their 20s met their marriage partner through a dating app.

Podcast

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

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Construction takes place on the Takanawa Gateway Convention Center in Tokyo, slated to open in 2025.
A boom for business tourism in Japan?
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