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July 17, 2024
 

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MERGERS

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.
Mizuho Financial Group is hiring more bankers to capitalize on its recent acquisition of Greenhill.
BUSINESS / Companies
Jun 25, 2024
Mizuho hiring bankers for U.S. expansion after Greenhill takeover
Mizuho Financial Group is hiring more bankers to capitalize on its recent acquisition of Greenhill.
The city of Fukuoka. The government plans to draw up guidelines for supporting midsize companies, many of which have headquarters outside big cities and are expected to play key roles in boosting regional economies.
BUSINESS / Companies
Jun 17, 2024
Japan to compile guidelines on supporting midsize firms
The guidelines will specify how support should be provided to such companies based on their management conditions.
Paper producers Hokuetsu and Daio Paper are forging a strategic business tie-up to survive.
BUSINESS / Companies
May 19, 2024
Hokuetsu and Daio Paper opt to forge tie-up
With shareholders skeptical, the former rivals must prove it will be a mutually beneficial partnership.
Dai-ichi Life Holdings has begun to include more alternative investments in its ¥33.9 trillion portfolio, and is also looking at increasing mergers and acquisitions.
BUSINESS
Apr 18, 2024
Shifting market spurs Dai-ichi to adjust ¥33.9 trillion portfolio
The firm is cutting its holdings of domestic equities, which are surging, to avoid too much exposure to the asset class.
Aeon plans to spend about ¥102.3 billion to acquire a 13.6% additional stake in Tsuruha from Hong Kong-based hedge fund Oasis Management.
BUSINESS / Companies
Feb 28, 2024
Retailer Aeon to merge with drugstore chains Tsuruha and Welcia
The three companies said they will seek to expand their businesses outside Japan.
Asahi Group Holdings chief executive Atsushi Katsuki
BUSINESS / Companies
Feb 26, 2024
Asahi eyes overseas acquisitions to quadruple sales of Super Dry beer
Spurred on by the need to seek growth outside of the shrinking home market, Japanese firms went on an overseas buying spree worth ¥8.1 trillion last year.
The volume of mergers and acquisitions linked to Japan has grown 43% so far this year.
BUSINESS / Companies
Feb 22, 2024
Japan sees dealmaking boom as mergers and acquisitions rise 43%
A strong stock market is giving companies more scope for acquisitions at a time when the government and investors are pressuring firms to bolster growth.
Sony terminated merger plans with Zee on Monday after more than two years of negotiations, citing alleged breaches of the terms of their agreement.
BUSINESS / Companies
Jan 25, 2024
India's Zee asks Sony to honor merger obligations and approaches tribunal
Zee denies Sony's claims that it had breached the terms of their agreement, which the Japanese company cited as the reason it called off the deal.
Sony had been expected to benefit from Zee’s deep library of content in regional Indian languages and its dozens of local television channels.
BUSINESS / Companies
Jan 22, 2024
Sony sends termination letter to Zee over India merger
The entertainment giant cited conditions of the merger agreement not being met as the reason for ending the deal with the Indian media network.
Sony plans to file the termination notice before a Jan. 20 extended deadline for closing the deal with Zee.
BUSINESS / Companies
Jan 9, 2024
Sony plans to call off $10 billion merger with India’s Zee
The plan to cancel the deal is due to a standoff over whether Zee CEO Punit Goenka would lead the merged entity amid a regulatory probe.
A Grab food delivery cyclist makes a delivery in Singapore on Aug. 21.
BUSINESS / Companies
Nov 5, 2023
Consolidation looms for Southeast Asia’s food delivery giants
With growth in the sector slowing, companies are slimming down or bolstering their ties with other operators.
A Tasaki jewelry store in Ginza, Tokyo
BUSINESS / Companies
Nov 2, 2023
MBK Partners to sell jewelry brand Tasaki for over $500 million
Alleged trade with Myanmar has limited the scope of potential bidders, sources said.
Kioxia and Western Digital have held merger talks since 2021 but the negotiations have often stalled over a series of issues.
BUSINESS / Companies
Oct 27, 2023
Western Digital and Kioxia call off merger talks, source says
South Korea's SK Hynix — a major Kioxia investor — has said it does not back the deal due to its impact on its investment asset value.
Kioxia Holdings has approached Japan Investment Corp. about making a capital infusion to support its merger with Western Digital and strengthen the combined company’s financial base, according to people familiar with the matter.
BUSINESS
Oct 20, 2023
Kioxia has approached JIC to back Western Digital deal: sources
Kioxia’s lenders are working toward submitting a commitment letter as soon as possible to help facilitate the agreement.
Japanese chipmaker Kioxia Holdings and its U.S. peer Western Digital are expected to agree on a merger as early as this month.
BUSINESS
Oct 13, 2023
Chipmakers Kioxia and Western Digital set to agree on merger
The deal would create the world's leading producer of memory chips.
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."
Japan Times
BUSINESS / Tech
Jul 15, 2023
Western Digital and Japan’s Kioxia seek to reach merger deal by August
The deal would be structured as a tax-free spinoff of Western Digital’s flash business, which would merge with Kioxia.
Who needs AI when you have Hatsune Miku?
Over the first six months of 2024, a handful of songs using Vocaloid singer Hatsune Miku’s voice have enjoyed widespread attention, underlining a global interest in the character and the technology she represents.
Yen’s woes seem too big for even a BOJ hike this month to solve
The Bank of Japan headquarters in Tokyo
China’s economic growth comes in worse than expected
Pedestrians in the Wangfujing shopping area in Beijing on July 11, 2024. China's economic growth in the second quarter was lower than forecast, adding pressure on Chinese leaders to lift confidence at the Chinese Communist Party's third plenum this week.
Kansai airports to increase takeoff and landing slots ahead of Osaka Expo
Kansai International Airport in Izumisano, Osaka Prefecture. The upper limit on the number of takeoff and landing slots at the airport as well as Kobe Airport in Hyogo Prefecture will be raised in spring next year ahead of the 2025 World Exposition in Osaka.
Shooter came within inches of killing Trump, but left few clues as to why
An aerial view shows the stage where Republican presidential candidate and former U.S. President Donald Trump had been standing during an assassination attempt the day before, and the roof of a nearby building where a gunman was shot dead by law enforcement, in Butler, Pennsylvania, on Sunday.
The neurological disorder that 'kills culture'
Akiko Trush says her experience with the neurological disorder dystonia left her feeling like she wanted to chop her own hand off.
How to beat Japan’s summer heat in ways better for the planet
Tenugui towels hang up to dry at a dyeing company in Sakai, Osaka Prefecture, on May 8. The durable and versatile tenugui, which many people have in their homes, can be used in many ways to cool one’s body.
After Trump shooting, U.S. presidential race might take a violent turn
United States Secret Service Counter Snipers stand guard on a rooftop during a campaign rally for U.S. President Donald Trump in Avoca, Pennsylvania, in 2020.
No AC this summer? No problem (for me).
Think air conditioning is a requirement for a Tokyo summer? Think again.
She’s paying ¥1 million to help behind the scenes at the Paris Olympics
Mai Tarumi, who previously volunteered at the postponed Tokyo Olympics in 2021, has a travel budget of ¥1 million for her trip to volunteer at the Paris Games.

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Akiko Trush says her experience with the neurological disorder dystonia left her feeling like she wanted to chop her own hand off.
The neurological disorder that 'kills culture'
By Tomoko Otake

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