Shigeru Sato

For Shigeru Sato's latest contributions to The Japan Times, see below:

After dropping finance for social media, Wantedly CEO eyes IPO

Apr 27, 2015

After dropping finance for social media, Wantedly CEO eyes IPO

With experience at Facebook Inc. and Goldman Sachs Group Inc., Akiko Naka’s resume at 26 already read like that of a corporate veteran. Then she decided to add entrepreneur to the mix. Wantedly Inc., the recruiting and social networking platform she started in 2010, ...

Quantum wins $20.5 million funding to build a rapid DNA sequencer

Feb 10, 2015

Quantum wins $20.5 million funding to build a rapid DNA sequencer

Quantum Biosystems Inc., an Osaka-based company developing a faster genome sequencer, has raised ¥2.4 billion in venture-capital funding from firms including Jafco Co., people with knowledge of the matter said. The investors also include state-backed Innovation Network Corp. of Japan, Mizuho Capital Co., University ...

After IPO, Recruit finds 100 potential acquisition targets

Oct 25, 2014

After IPO, Recruit finds 100 potential acquisition targets

Recruit Holdings Co., Japan’s biggest provider of temporary staff, has identified about 100 global companies as potential takeover targets since its an initial public offering this month. The Tokyo-based firm has the capacity to spend about ¥700 billion ($6.5 billion) on acquisitions over the ...

Rakuten exec takes action to help moms

Jun 30, 2014

Rakuten exec takes action to help moms

Mie Kurosaka, Rakuten Inc.’s first female executive, returned to work at Japan’s biggest online mall operator only three weeks after giving birth in 2002. Now, as one of Rakuten’s four top female executives, the 47-year-old who oversees corporate social responsibility is pushing to have ...

Lixil mulls another overseas takeover

Jan 8, 2014

Lixil mulls another overseas takeover

Lixil Group Corp., which agreed to buy bathroom-fixture makers American Standard Brands and Grohe Group last year, is studying another overseas acquisition to boost revenue from emerging markets. The planned deal will help Tokyo-based Lixil achieve its target of increasing sales from emerging markets ...

Dec 12, 2013

Top pension fund urged to buy airport concessions

New Kansai International Airport Co. is seeking to attract the state-run retirement fund to a sale of two airport concessions that could raise as much as ¥1.2 trillion. The Government Pension Investment Fund, the world’s largest, with $1.2 trillion under management, “is a strong ...

Aug 19, 2013

Hanford offers Tepco lesson in cleaning up Fukushima

Hanford Engineer Works produced the 9 kg of plutonium for the bomb dropped on Nagasaki. It’s among the most toxic nuclear waste sites and the place Japan is turning to for help dealing with the melted reactors in Fukushima. Tokyo Electric Power Co. has ...

May 19, 2012

Resona vows early bailout payback

Resona Holdings Inc., recipient of a ¥1.96 trillion bailout in 2003, plans to pay back most of the money still owed to taxpayers earlier than scheduled thanks to growing profit reserves. “We’ve built retained earnings and are not going to sell new shares,” Resona ...

MUFJ to hire 200 for derivatives business

Apr 25, 2012

MUFJ to hire 200 for derivatives business

Mitsubishi UFJ Financial Group Inc. will hire 50 currency and interest-rate derivatives traders globally in the next three years to help more than double annual profit in the business to ¥500 billion. Lending unit Bank of Tokyo-Mitsubishi UFJ Ltd. will also add 150 sales ...

Bankers urge aid for Tepco

Apr 7, 2011

Bankers urge aid for Tepco

The government needs to come to the financial aid of Tokyo Electric Power Co. before banks resume lending to the beleaguered utility, the head of the Japanese Bankers Association said. “We need to wait until the government clarifies how it will help” Tepco, particularly ...