Business Topics

Idemitsu Kosan's two main shareholders oppose merger with Showa Shell

Sep 4, 2016

Idemitsu Kosan's two main shareholders oppose merger with Showa Shell

Idemitsu Kosan Co.’s two largest shareholders have unanimously adopted resolutions seeking to block the major oil wholesaler’s merger with peer Showa Shell Sekiyu K.K. along with the Idemitsu founding family at an extraordinary stockholders’ meeting. The two owner entities — the Idemitsu Culture and ...

Drowning Hanjin may not be alone among global shippers

Sep 4, 2016

Drowning Hanjin may not be alone among global shippers

The problems that sank South Korea’s Hanjin Shipping last week could be just the tip of the iceberg, with the long global downturn leaving the industry burdened by excess capacity. With growth refusing to budge and consumer demand still slack, the world’s freight carriers ...

Sep 1, 2016

JR Kyushu set to list on TSE Oct. 25

Kyushu Railway Co. will make its debut on the Tokyo Stock Exchange on Oct. 25, informed sources said Thursday. The TSE is set to approve the stock listing of the railway operator on Sept. 15 at the earliest, the sources said. With the company’s ...

Aug 31, 2016

Google 'plans tie-up' with MUFG on Android Pay platform

Alphabet Inc. will tie up with Mitsubishi UFJ Financial Group Inc. on its Android Pay platform, a person with knowledge of the matter said, the latest move by a technology giant to tap Japan’s rapidly growing digital payments market. Starting as early as this ...

Aug 31, 2016

JX, TonenGeneral finalize merger as Japan's biggest oil refiner

JX Holdings Inc. and TonenGeneral Sekiyu KK on Wednesday finalized an agreement to form Japan’s biggest oil refiner starting in April. JX Holdings will give 2.55 shares for each TonenGeneral share, the two companies said in a joint statement. The deal values TonenGeneral at ...