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Jun 28, 2016

Tax revenue falls short of government estimate

Tax revenue collected by the central government in fiscal 2015 totaled around ¥56.28 trillion, government sources said, falling short of estimates as corporate tax revenue was reduced by the effects of a firming yen. For the past year to March 31, corporate tax revenue ...

Jun 28, 2016

Line shoots for ¥112 billion IPO amid market tumult

Line Corp., Japan’s most popular mobile-messaging service, and its owners are aiming to raise as much as ¥112 billion in what could become the biggest technology initial public offering globally this year. Backed by South Korean search portal Naver Corp., Line and its existing ...

Jun 28, 2016

Itochu buys U.S. power plant managing firm

Itochu Corp. said Tuesday it has acquired PurEnergy LLC, a U.S. power plant and energy asset management firm, through NAES Corp., a Seattle-based unit of the Japanese trading house. The value of the deal was not disclosed. Syracuse-based PurEnergy engages in a wide range ...

Jun 28, 2016

Idemitsu founding family opposes planned merger with Showa Shell

The founding family of Idemitsu Kosan Co. opposes its planned merger next April with Showa Shell Sekiyu K.K., the family’s representative said Tuesday, clouding the outlook of the creation of one of the largest oil distributors in Japan. The founding family, which owns a ...

Shareholders urge Japan's utilities to end nuclear power generation

Jun 28, 2016

Shareholders urge Japan's utilities to end nuclear power generation

Shareholders urged nine power companies Tuesday to end nuclear power generation, reflecting safety concerns lingering since the 2011 Fukushima disaster. However, the proposals were turned down at the firms’ shareholders meetings. The companies, including Tokyo Electric Power Company Holdings Inc., operator of the crippled ...

Japan considers further help for small businesses hit by Brexit

Jun 28, 2016

Japan considers further help for small businesses hit by Brexit

Japan is likely to include assistance for small businesses in an economic stimulus package it will compile after Britain’s shock vote to leave the European Union, Economy Minister Nobuteru Ishihara said on Tuesday. Policymakers also said financial markets are starting to calm down after ...

| Jun 28, 2016

Buybacks help push Nikkei higher

The benchmark Nikkei average ended an unstable session slightly higher on the Tokyo Stock Exchange on Tuesday, helped by continued buybacks after Friday’s tumble attributed to concern over Britain’s decision to leave the European Union. The 225-issue Nikkei average climbed 13.93 points, or 0.09 ...

Jun 28, 2016

Drugmaker SSP to come under Sanofi's wing after asset swap

Japanese drugmaker SSP Co. will be put under the wing of Sanofi as the French health care titan and Germany’s Boehringer Ingelheim GmbH announced an asset swap agreement Monday. Under the deal, Sanofi will acquire Boehringer’s consumer health operation, including SSP, in exchange for ...