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January 21, 2025
 

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Apollo Global Management is discussing a commitment of as much as ¥1.5 trillion for an equity stake in a bid by Seven & I’s founding Ito family to take the convenience store operator private.
BUSINESS / Companies
Jan 10, 2025
Apollo weighs $9.5 billion stake in Seven & I management buyout
Under the current proposal, Apollo would join the Ito family and Itochu, the operator of FamilyMart in Japan, as key investors.
Seven & I Holdings reported Thursday that its operating profit was ¥128.4 billion during the three months to the end of November, compared with ¥169 billion a year earlier.
BUSINESS / Companies
Jan 9, 2025
Seven & I profit drops despite recovery in convenience stores
Operating profit was ¥128.4 billion during the three months to the end of November, compared with ¥169 billion a year earlier.
Uniqlo owner Fast Retailing reported strong growth in revenue and operating profit for the three months through November on robust demand in Japan, North America and Europe.
BUSINESS / Companies
Jan 9, 2025
Uniqlo owner reports strong growth in Japan and Western markets
Operating profit rose 7% to ¥157.6 billion for the three months ended November from a year earlier, with sales increasing to ¥895.2 billion.
Food loss happens at food-related businesses including-food makers, retailers and restaurants, as well as at households.
JAPAN
Dec 17, 2024
Japan drafts more ambitious 60% goal for cutting business food loss by 2030
The government hopes to require food businesses to change practices such as rejecting foods and beverages that are close to their best-before date.
In an interview in Tokyo with the BBC that was published on Thursday, Fast Retailing CEO Tadashi Yanai said the company does not source cotton from China's Xinjiang region.
BUSINESS / Companies
Nov 29, 2024
Uniqlo criticized in China after CEO says retailer does not use Xinjiang cotton
Tadashi Yanai, the CEO of Uniqlo owner Fast Retailing, said it does not source cotton from the region, which has faced allegations of forced labor.
Funding for the proposed buyout of Japan's Seven & i Holdings by its founding family will be finalized by the end of December, sources say.
BUSINESS / Companies
Nov 21, 2024
Seven & I buyout funding to be finalized by next month, sources say
The retailer is caught in a three-way tug-of-war between a foreign suitor, its founding family and company management.
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.
Shares in retailers may rise after Prime Minister Shigeru Ishiba formed a minority government that may cut taxes to lure cooperation from opposition parties.
BUSINESS / Economy
Nov 12, 2024
Minority government in Japan can help retail stocks and utilities
Prime Minister Shigeru Ishiba may cut taxes to keep smaller parties on side — increasing workers’ disposable income.
Seven & I Holdings' 46% stake in Seven Bank could raise around ¥30 billion by the end of the current fiscal year in February.
BUSINESS / Companies
Nov 6, 2024
Seven & I is said to plan reducing stake in banking unit to 38%
The retailer’s 46% stake in Seven Bank could raise around ¥30 billion by the end of the current fiscal year in February.
As part of the fukubukuro lineup for the New Year shopping season, Takashimaya will offer a ¥4.05 million luxury cruise ship tour to South Korea's Jeju Island and other locations.
BUSINESS / Companies
Nov 5, 2024
2025 New Year lucky bags to offer extraordinary experiences
Customers are seeking "a break from their daily lives," according to one department store official.
A worker clears away snow as last-minute grocery shoppers leave a Market Basket supermarket during a fast-moving winter storm in Plymouth, Massachusetts, on Feb. 13.
BUSINESS / Tech
Nov 5, 2024
In a changing climate, retailers turn to weather data predictions
Weather data, once used strictly for inventory planning, is now helping retailers localize advertising and decide when to discount seasonal items such as sweaters.
Alimentation Couche-Tard and Seven & I Holdings directly compete in thousands of locations across the United States, with more than 45% of Circle Ks within two miles of a 7-Eleven or related store.
BUSINESS / Companies
Oct 18, 2024
Couche-Tard’s 7-Eleven overlaps to face skeptical U.S. FTC review
More than 45% of Circle Ks are within two miles of a 7-Eleven or related store.
The success of Seven & I's major restructuring plan depends on the retailer's ability to roll out a new store format in Japan, and improve profit margins overseas, analysts say.
BUSINESS / Companies / ANALYSIS
Oct 15, 2024
7-Eleven's turnaround plan requires heavy lifting to stop takeover bid
Much depends on the retailer's ability to roll out a new store format in Japan and improve profit margins overseas.
Seven & I Holdings essentially unveiled a plan to split in two.
BUSINESS / Companies
Oct 11, 2024
Seven & I to split in two to fend off Couche-Tard takeover bid
The big question is if the move will be enough to win over any investors warming to Couche-Tard’s approach.
Seven & I had been under pressure from activists and other investors for years to narrow its focus on its crown jewel: 7-Eleven and other convenience stores.
BUSINESS / Companies
Oct 10, 2024
Seven & I to embrace 7-Eleven name as it sheds noncore businesses
The plans accelerate restructuring efforts in the face of an unsolicited ¥7 trillion takeover proposal from Alimentation Couche-Tard.
Japan saw the highest number of bankruptcies since 2013 in the six months through September.
BUSINESS / Economy
Oct 8, 2024
Japan records highest number of bankruptcies in a decade as costs rise
The bankruptcies partly reflect the impact of higher prices, while a record 163 firms cited labor shortages as a reason for their struggles.
A supermarket in Narita, Chiba Prefecture, operated by Aeon. Shares of Aeon have extended their gains to 25% this year and reached a record high this week.
BUSINESS / Companies
Sep 13, 2024
Seven & I proposal fuels rally in Japanese retailers like Aeon
An increase in Japan’s consumer spending, which accounts for more than half of Asia’s second-biggest gross economy, is also supporting retailers.
A 7-Eleven convenience store, operated by Seven & i Holdings Co., at the company's headquarters in Tokyo
BUSINESS / Companies
Aug 31, 2024
Couche-Tard seeks pension fund backing for Seven & I bid
The retailer is reaching out to some of Canada’s largest pension funds to gauge their interest in providing equity, sources said.
A tourist picks up an aloha shirt at the Samurai Aloha store at Narita Airport in June.
BUSINESS / Companies / Regional Voices: Tohoku
Aug 12, 2024
Aloha shirts made from recycled kimono in Tohoku prove to be huge hit
The shirts, called Samurai Aloha, were launched in the hopes of helping the area recover from the 2011 Great East Japan Earthquake.
President Shinji Kaneko (left) and other executives of Keikyu Department Store bow in apology during a news conference in Yokohama on Monday.
JAPAN
Jul 30, 2024
Grilled eel leaves one dead and 140 sick in Japan
The products included eel cooked in the traditional kabayaki style
Chinese buyer of Okinawa island to make visit in summer
Yanaha Island in Okinawa Prefecture as seen from a ferry.
Cedar pollen is already in the air in Tokyo
Climate change and urbanization are believed to have contributed to the earliest ever observation of cedar pollen in Tokyo, on Jan. 8, an expert says.
More bird flu cases found in Japan; 1.44 million birds to be culled
Officials with the agriculture ministry hold a news conference in Nagoya on Friday following an outbreak of avian influenza in Tokoname, Aichi Prefecture, earlier this month.
Fuji TV loses more advertisers amid inquiry into host’s behavior
Fuji TV is losing more advertisers following allegations about inappropriate behavior by a celebrity host and questions about its handling of the case.
What went wrong at Fuji TV's news conference on allegations against Nakai?
Fuji TV President Koichi Minato speaks at a news conference on Friday in Tokyo.
Japan looks to learn from the past with bid to build Australian warships
The Maritime Self-Defense Force's Mogami frigate, of the class of the same name, is anchored at the MSDF's naval base in the city of Yokosuka, Kanagawa Prefecture, in September 2022.
Amid rising world hunger, a Japan-inspired group in Kenya is making a big impact
Wawira Njiru, the founder of Food4Education, serves food during the opening of a new kitchen in Mombasa County, Kenya, in 2022. The organization started in 2012 by feeding 25 children out of a single kitchen. Now it feeds nearly half a million every day.
From Tokyo to Manhattan, Takuma Watanabe stirs up a stiff drink
It's taken Takuma Watanabe little time to establish himself as one of New York's hottest bartenders.
For tourists in search of seasonal sights, Yamagata makes its case
For some time away from Tokyo's suffocating urban sameness, Yamagata Prefecture is home to a soothing array of natural abundance.
A slow dive into ‘a moment and an eternity’ with Ryuichi Sakamoto
From the mid-2000s onward, Ryuichi Sakamoto created a number of installation works, often in collaboration with Shiro Takatani, of multimedia art collective Dumb Type.

Podcast

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

Longform

Atsuyoshi Koike, the president and CEO of Rapidus, says there is a “sense of urgency” when it comes to Japan’s efforts in manufacturing semiconductors. “We have to make sure we are successful,” he says.
Atsuyoshi Koike’s big game: Fourth down and 2 nanometers to go
By Kazuaki Nagata and Richard Meyer

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