May 22, 2015

Cerberus lowers stake in Seibu

U.S. private equity firm Cerberus has reduced its stake in Seibu Holdings Inc. by 9.9 percentage points to 25.6 percent, informed sources said Friday. Cerberus, the top shareholder of Seibu, is believed to have started to lock in profits following a rise in the ...

Otsuka Kagu familial feud nears climax

Mar 25, 2015

Otsuka Kagu familial feud nears climax

by Kazuaki Nagata

A battle between the founder of Otsuka Kagu Ltd. and its current president, who also happen to be father and daughter, is expected to turn into a proxy fight at the company’s annual shareholders’ meeting scheduled for Friday, with the result deciding the fate ...

Mar 13, 2015

Fanuc mulls boosting investor returns as Loeb calls for change

Three weeks after billionaire investor Daniel Loeb started a public campaign demanding changes at the industrial robot-maker, Fanuc Corp. says it will consider ways to increase investor returns. Its stock surged. The company, one of the most secretive in Japan, will start what it ...

Mar 11, 2015

Major U.S. shareholder backs Otsuka Kagu restructuring

A new management structure put forward by the president of furniture retailer Otsuka Kagu Ltd. has received support from major shareholder U.S. investment fund Brandes Investment Partners LP, the company said. Amid a deep division over management policy, Otsuka Kagu President Kumiko Otsuka and ...

Shareholders OK Daiei's plan to become fully owned Aeon unit

Nov 26, 2014

Shareholders OK Daiei's plan to become fully owned Aeon unit

During an extraordinary meeting on Wednesday, shareholders of Daiei Inc. approved the struggling supermarket chain’s plan to become a wholly owned unit of major retailer Aeon Co. through equity swaps in January next year. Through the Aeon group’s realignment, the trade name of Daiei ...