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April 25, 2024
 

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CERBERUS

Japan Times
BUSINESS / Companies
Apr 23, 2014
Delisted Seibu Holdings back on TSE
Seibu Holdings Inc. made a solid return to the first section of the Tokyo Stock Exchange Wednesday, nearly a decade after its predecessor, Seibu Railway Co., was delisted from the bourse for falsifying financial statements in 2004.
BUSINESS / Companies
Apr 10, 2014
Chagrined Seibu cuts IPO value 73%
Seibu Holdings Inc., owner of Japan's biggest hotel chain, reduced the size of its initial public offering by at least 73 percent with its largest shareholder opting out after investors balked at the valuation.
BUSINESS / Companies
Jul 12, 2013
Cerberus needs cooperation of Mizuho for next Seibu tack: Gomi
Cerberus Capital Management LP, the biggest shareholder of Seibu Holdings Inc., should approach Mizuho Financial Group Inc. to help it narrow its differences with the hotel operator, said Hirofumi Gomi, a former candidate for the Seibu board.
BUSINESS / Companies
Jun 28, 2013
Cerberus impasse with Seibu appears set to drag on
How the public battle between U.S. private equity fund Cerberus Capital Management L.P. and Seibu Holdings Inc. over management of the struggling railway and hotel operator remains unclear even after the Seibu shareholders' meeting Tuesday.
Japan Times
BUSINESS / Companies
Jun 25, 2013
Seibu's shareholders nix Cerberus directors
Seibu shareholders vote down a slate of directors proposed by Cerberus Capital Management of the U.S.
Japan Times
BUSINESS / Companies
Apr 6, 2013
Cerberus plans 45% Seibu Holdings stake
U.S. private equity fund Cerberus Capital Management LP said Friday it aims to raise its stake in Seibu Holdings Inc. to nearly 45 percent in an apparent bid to take the initiative in managing the railway and hotel operator.
Japan Times
BUSINESS / Companies
Mar 27, 2013
Seibu rebuffs takeover bid by U.S. fund Cerberus
Seibu Holdings Inc. said Tuesday it opposes a takeover bid by its top shareholder, U.S. private equity firm Cerberus Capital Management LP, because the move could undermine the railway and hotel operator's corporate value.
Japan Times
JAPAN
Mar 27, 2013
Saitama urges Seibu to keep Chichibu Line open
Saitama Gov. Kiyoshi Ueda and other local leaders are making their case to Seibu Holdings Inc. to keep the Seibu Chichibu Line open as rumors swirl that the firm's biggest shareholder is demanding that the unprofitable railway section be abandoned.
BUSINESS / Companies
Mar 8, 2013
Cerberus to raise Seibu stake to over one-third
U.S. investment firm Cerberus Capital Management LP is preparing to raise its stake in Seibu Holdings Inc. to more than a third to tighten its grip on the railway and hotel operator, sources said.
'Sugar Baby Riri' gets nine-year prison term over romance scam
Mai Watanabe, who went by the moniker “Sugar Baby Riri,” dated older men and swindled them out of money by telling them fictitious heartbreaking stories about herself to gain their sympathy.
Over 40% of Japan's municipalities at risk of vanishing, study finds
Of 1,729 local municipalities nationwide, 744 have been identified as being at risk of disappearing.
'So hot you can't breathe': Extreme heat hits the Philippines
A pedestrian cools himself with a folding hand fan as he waits for a ride along a road in Manila on Wednesday, as extreme heat hit the Philippines.
Tokyo issues strong warning on yen intervention as currency dips further
Finance Minister Shunichi Suzuki speaks during a meeting with U.S. Treasury Secretary Janet Yellen and South Korean Finance Minister Choi Sang-mok on the sidelines of IMF and G20 meetings in Washington last week.
Princess Aiko makes debut at imperial garden party
Princess Aiko attends an imperial garden party in Tokyo on Tuesday.
For amateur sumo, a fresh start offers hope against time-wasting and gamesmanship
Wrestlers prepare for the start of a bout at the 2023 Sumo World Championships in Tokyo. Starting this month, placing one hand on the clay first is no longer allowed.
LDP veteran Nikai's youngest son expected to succeed him in Wakayama
Toshihiro Nikai, former secretary-general of the Liberal Democratic Party, announced in March that he would not run in the next Lower House election to take responsibility for the political funds scandal that rocked his party and his own faction.
New workers name Shohei Ohtani as 'dream boss' for two years running
Shohei Ohtani has been overwhelmingly voted as the “dream boss” for people who started working in April, according to a survey.
A craft beer crawl through Tokyo’s top bars, brewpubs and dives
If all you drink is Asahi, Sapporo and Kirin, you're depriving yourself of some of the best craft beer Tokyo has to offer — and there sure is a lot of it out there.
'Sugar Baby Riri' gets nine-year prison term over romance scam
Mai Watanabe, who went by the moniker “Sugar Baby Riri,” dated older men and swindled them out of money by telling them fictitious heartbreaking stories about herself to gain their sympathy.

Podcast

From easily navigable train stations to the helpfulness of its municipal staff, Tokyo has earned high praise for its commitment to accessibility for disabled travelers.
[Rebroadcast] Japan is doing better on accessibility than you may think

Longform

Later this month, author Shogo Imamura will open Honmaru, a bookstore that allows other businesses to rent its shelves. It's part of a wave of ideas Japanese booksellers are trying to compete with online spaces.
The story isn't over for Japan's bookstores
By Alex K.T. Martin

SUSTAINABLE JAPAN

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Prize winner Maki Imoto catches light with glass

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