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April 23, 2024
 

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MERGERS

Dai-ichi Life Holdings has begun to include more alternative investments in its ¥33.9 trillion portfolio, and is also looking at increasing mergers and acquisitions.
BUSINESS
Apr 18, 2024
Shifting market spurs Dai-ichi to adjust ¥33.9 trillion portfolio
The firm is cutting its holdings of domestic equities, which are surging, to avoid too much exposure to the asset class.
Aeon plans to spend about ¥102.3 billion to acquire a 13.6% additional stake in Tsuruha from Hong Kong-based hedge fund Oasis Management.
BUSINESS / Companies
Feb 28, 2024
Retailer Aeon to merge with drugstore chains Tsuruha and Welcia
The three companies said they will seek to expand their businesses outside Japan.
Asahi Group Holdings chief executive Atsushi Katsuki
BUSINESS / Companies
Feb 26, 2024
Asahi eyes overseas acquisitions to quadruple sales of Super Dry beer
Spurred on by the need to seek growth outside of the shrinking home market, Japanese firms went on an overseas buying spree worth ¥8.1 trillion last year.
The volume of mergers and acquisitions linked to Japan has grown 43% so far this year.
BUSINESS / Companies
Feb 22, 2024
Japan sees dealmaking boom as mergers and acquisitions rise 43%
A strong stock market is giving companies more scope for acquisitions at a time when the government and investors are pressuring firms to bolster growth.
Sony terminated merger plans with Zee on Monday after more than two years of negotiations, citing alleged breaches of the terms of their agreement.
BUSINESS / Companies
Jan 25, 2024
India's Zee asks Sony to honor merger obligations and approaches tribunal
Zee denies Sony's claims that it had breached the terms of their agreement, which the Japanese company cited as the reason it called off the deal.
Sony had been expected to benefit from Zee’s deep library of content in regional Indian languages and its dozens of local television channels.
BUSINESS / Companies
Jan 22, 2024
Sony sends termination letter to Zee over India merger
The entertainment giant cited conditions of the merger agreement not being met as the reason for ending the deal with the Indian media network.
Sony plans to file the termination notice before a Jan. 20 extended deadline for closing the deal with Zee.
BUSINESS / Companies
Jan 9, 2024
Sony plans to call off $10 billion merger with India’s Zee
The plan to cancel the deal is due to a standoff over whether Zee CEO Punit Goenka would lead the merged entity amid a regulatory probe.
A Grab food delivery cyclist makes a delivery in Singapore on Aug. 21.
BUSINESS / Companies
Nov 5, 2023
Consolidation looms for Southeast Asia’s food delivery giants
With growth in the sector slowing, companies are slimming down or bolstering their ties with other operators.
A Tasaki jewelry store in Ginza, Tokyo
BUSINESS / Companies
Nov 2, 2023
MBK Partners to sell jewelry brand Tasaki for over $500 million
Alleged trade with Myanmar has limited the scope of potential bidders, sources said.
Kioxia and Western Digital have held merger talks since 2021 but the negotiations have often stalled over a series of issues.
BUSINESS / Companies
Oct 27, 2023
Western Digital and Kioxia call off merger talks, source says
South Korea's SK Hynix — a major Kioxia investor — has said it does not back the deal due to its impact on its investment asset value.
Kioxia Holdings has approached Japan Investment Corp. about making a capital infusion to support its merger with Western Digital and strengthen the combined company’s financial base, according to people familiar with the matter.
BUSINESS
Oct 20, 2023
Kioxia has approached JIC to back Western Digital deal: sources
Kioxia’s lenders are working toward submitting a commitment letter as soon as possible to help facilitate the agreement.
Japanese chipmaker Kioxia Holdings and its U.S. peer Western Digital are expected to agree on a merger as early as this month.
BUSINESS
Oct 13, 2023
Chipmakers Kioxia and Western Digital set to agree on merger
The deal would create the world's leading producer of memory chips.
A Matsumotokiyoshi drugstore in Tokyo. Matsumotokiyoshi Holdings and Cocokara Fine integrated their operations in 2021.
BUSINESS / Companies / FOCUS
Oct 10, 2023
Japanese drugstores under pressure for realignment
One analyst has described realignment in the drugstore sector as "a natural course of development."
Japan Times
BUSINESS / Tech
Jul 15, 2023
Western Digital and Japan’s Kioxia seek to reach merger deal by August
The deal would be structured as a tax-free spinoff of Western Digital’s flash business, which would merge with Kioxia.
Japan Times
BUSINESS / Companies
Jun 2, 2023
Japanese chipmaker Kioxia and U.S.-based Western Digital in detailed merger talks
The two companies are considering setting up a joint venture to integrate their production and sales operations, and Kioxia may hold the larger stake in the new company, sources said.
Japan Times
BUSINESS / Companies
May 30, 2023
Hino Motors and Mitsubishi Fuso announce integration of operations
The manufacturers signed a memorandum of understanding to bring Hino and Mitsubishi Fuso under a single company to be jointly owned by Toyota and Daimler Truck.
Japan Times
BUSINESS / Companies
May 25, 2023
Cosmo CEO says controversial vote tactics justified in activist defense
A vote on a 'poison pill' takeover defense will exclude Cosmo's largest shareholder grouping.
Japan Times
BUSINESS / Companies
Feb 3, 2023
Z Holdings to merge with Line and Yahoo Japan by March 2024
The SoftBank-backed company is looking to streamline its operations in a bid to position itself as a world-leading AI company.
Japan Times
BUSINESS / Tech
Jan 21, 2023
Western Digital talks with Kioxia said to be advancing
Under the terms being discussed, Western Digital would spin off its flash business and merge it with Kioxia, creating a publicly traded company in the U.S.
Japan Times
BUSINESS
Jan 20, 2023
Japan’s 'king of deals' looks for currency at ¥120 to launch global M&A
Yoshihisa Kainuma anticipates the yen will soon appreciate from a current level of around ¥128 per dollar because the Fed is likely to slow the pace of monetary policy tightening.
Japan’s cannabis market growing rapidly amid regulatory shift
The legality of products that contain cannabinoids, a group of substances derived from the cannabis plant, has been somewhat murky in Japan.
Philippines wants U.S. and Japan to take over rail deal eyed by China
Delfin Lorenzana
'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.
At least one dead, seven missing after two MSDF helicopters crash off Izu Islands
Contact was lost with the two SH-60K helicopters, each carrying four crew, in an area east of Torishima in the Izu Island chain during anti-submarine warfare training Saturday night.
Tokyo Rainbow Pride lights up capital as organizers celebrate 30 years
Rainbow flags were flown through the capital's busy Shibuya and Harajuku areas for Tokyo Rainbow Pride events this weekend as organizers hailed 30 years of one of Asia's largest LGBTQ celebrations.
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.
Tsukiji 2030s: A stadium, culinary center and transportation hub
A computer-generated image shows redevelopment plans for the former site of the Tsukiji fish market in Tokyo.
Hearing the impact of climate change in Okinawa, one bird call at a time
Toshihiro Kinjo (center), a research support technician at the Okinawa Institute of Science and Technology, inspects an audio recording device in Ginowan, Okinawa Prefecture, on April 3 as Masako Ogasawara, a research support specialist at OIST, looks on.
Japan’s cannabis market growing rapidly amid regulatory shift
The legality of products that contain cannabinoids, a group of substances derived from the cannabis plant, has been somewhat murky in Japan.

Podcast

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[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

Vol. 34: Tokyo, a vanguard city for sustainability
Vol. 34: Tokyo, a vanguard city for sustainability

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