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November 21, 2024
 

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JIP

Nojima will purchase about 93% of Vaio's outstanding shares from investment fund Japan Industrial Partners.
BUSINESS / Companies
Nov 12, 2024
Nojima to acquire PC company Vaio for ¥11.2 billion
Sony will continue to hold a 4.7% stake in Vaio.
Toshiba Vice President Koji Ikeya says the company will aim to boost profitability by investing about ¥50 billion in fiscal 2026.
BUSINESS
Jun 13, 2024
Toshiba to double investments in power and defense business
The Japanese electronics and machinery maker will aim to boost profitability by investing about ¥50 billion in fiscal 2026.
Toshiba announced on Thursday that it would cut up to 4,000 jobs as part of a restructuring plan.
BUSINESS / Companies
May 17, 2024
Toshiba takes advantage of private status to chart new course
The company has announced that it will cut up to 4,000 jobs as part of a restructuring.
Toshiba is cutting up to 4,000 jobs and relocating its head office from Tokyo to Kawasaki as part of its restructuring efforts.
BUSINESS / Companies
May 16, 2024
Toshiba to cut 4,000 jobs in restructuring effort under new ownership
Toshiba delisted in December due to a ¥2 trillion takeover by a consortium led by a private equity firm, capping a decade of scandal and upheaval.
In Toshiba, JIP takes on a sprawling company far bigger and more complex than any it acquired before.
BUSINESS / Companies / FOCUS
Dec 19, 2023
In buying Toshiba, JIP takes on corporate Japan's toughest job
While the fund has quietly built up a track record by carving out businesses from big manufacturers, Toshiba is more complex than any it acquired before.
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.
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.
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 / 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 / FOCUS
Mar 26, 2023
Rocky road to Toshiba deal raises doubts about a future comeback
The questions now are whether activist investors will accept the terms — and whether the firm can restore its former glory.
Japan Times
BUSINESS / Companies
Mar 23, 2023
Toshiba board accepts JIP buyout proposal, report says
The JIP consortium last month submitted a binding buyout proposal backed by $10.6 billion in loan commitments from major banks.
Japan Times
BUSINESS / Companies
Feb 28, 2023
Toshiba buyout proposal faces increasing uncertainty
It is unclear whether activist shareholders, including foreign investment funds, will agree to a ¥2 trillion buyout proposed by a consortium led by investment fund Japan Industrial Partners.
Japan Times
BUSINESS
Feb 24, 2023
Orix weighs cutting contribution to JIP’s Toshiba offer, sources say
Orix is seeking to acquire ¥200 billion ($1.5 billion) of common and preferred Toshiba stock, down from the original ¥300 billion, the sources said.
Japan Times
BUSINESS / Companies
Feb 15, 2023
Bleak earnings and revolving leadership dampen prospects for Toshiba buyout
During an earnings report on Tuesday, Toshiba Vice President and CFO Masayoshi Hirata dodged questions surrounding any potential buyout developments.
Japan Times
BUSINESS / Companies
Feb 9, 2023
JIP-led group has secured loans worth ¥1.4 trillion for Toshiba buyout, sources say
Toshiba named the consortium as its preferred bidder last October, but the group was unable to meet a requirement to provide commitment letters from banks by Nov. 7.
Japan Times
BUSINESS / Companies
Feb 7, 2023
Toshiba’s bidder set to win commitments for $10.6 billion loan
Securing financing support from banks is a crucial step in the JIP-led consortium’s proposed takeover of one of Japan’s most iconic companies.
Japan Times
BUSINESS
Dec 30, 2022
Toshiba deal faces more uncertainty as financing talks stall
A consortium led by Japan Industrial Partners is in talks over bank financing totaling about u00a51.4 trillion to take Toshiba private, but negotiations have stalled.
Japan Times
BUSINESS / Companies
Nov 28, 2022
Toshiba’s preferred bid delayed amid loan uncertainty, sources say
Banks are considering issuing commitment letters for loans to a consortium led by Japan Industrial Partners and aren't expected to make a decision until mid-December, later than planned.
Japan Times
BUSINESS / Companies
Nov 17, 2022
Toshiba preferred bidder may tap Rohm and Suzuki for funds
Electronics company Rohm is considering putting in about u00a5100 billion in equity and around u00a5200 billion in debt as part of efforts to back a bid for the group.
Ishiba delays meeting with Trump, citing legal restrictions
Prime Minister Shigeru Ishiba waves upon arrival for the Asia-Pacific Economic Cooperation forum, in Callao, Peru, on Friday.
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.
Rising sex tourism exposes loopholes in Japan's anti-prostitution law
While financial misfortunes during the COVID-19 pandemic may have driven some women to work the streets, others simply want more money to spend — or want to pay off their debts — at host clubs.
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.

Podcast

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

Longform

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

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