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April 27, 2024
 

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SHINSEI BANK

Pedestrians in front of the Shinsei Bank headquarters in Tokyo in October 2021
BUSINESS / Companies
Sep 8, 2023
SBI Shinsei Bank to go private to repay public funds
By going private, SBI Shinsei Bank will free itself from the shackles of stock prices and be able to pay back the public funds "at some point."
Japan Times
BUSINESS / FOCUS
Oct 31, 2022
Weak yen prompts people to shift savings into dollars and foreign bonds
Banks are seeing a surge in the number of customers funneling their money into foreign currency deposits.
Japan Times
BUSINESS
Mar 30, 2022
After takeover battle, new Shinsei CEO considers buying shadow banks
The midsized lender with u00a510.6 trillion in assets came into the spotlight last year when SBI Holdings Inc. made a tender offer to take effective control of the firm.
Japan Times
BUSINESS / Companies
Dec 22, 2021
SBI's Yoshitaka Kitao 'totally agrees' with suggested delisting of Shinsei Bank
Having secured effective control of the bank, Kitao could delist it in order to pay back funds Shinsei has owed taxpayers since a 1998 bailout.
Japan Times
BUSINESS
Dec 11, 2021
SBI completes tender offer for Shinsei Bank, raising stake to nearly 48%
The announcement capped off a three-month bid that at one point turned hostile, a rare development in the Japanese financial sector.
Japan Times
BUSINESS
Nov 25, 2021
As Shinsei defense collapses, another poison pill works in Japan
Tokyo Kikai Seisakusho Ltd., a small maker of newspaper printing presses, said Thursday that Asia Development Capital Co. had decided not to pursue control of the firm.
Japan Times
BUSINESS / Companies
Nov 24, 2021
Shinsei Bank drops poison pill defense in SBI takeover saga
A takeover fight erupted for Shinsei in September when Japan's biggest online brokerage launched a rare unsolicited tender offer to increase its stake in Shinsei.
Japan Times
BUSINESS / Companies
Nov 24, 2021
The poison pill, long hated by investors, gets new love in Japan
Tokyo-based Shinsei Bank Ltd. has asked shareholders to approve on Thursday its plan to use a poison pill defense against a proposed stake increase by SBI Holdings Inc.
Japan Times
BUSINESS / Companies
Nov 18, 2021
U.S. hedge fund says both Shinsei and SBI at fault in takeover battle
'Both sides are not satisfying what shareholders would like to see,” said Dalton Investments co-founder and portfolio manager Jamie Rosenwald, whose firm holds about 3% of Shinsei for clients.
Japan Times
BUSINESS / Companies
Nov 10, 2021
Shinsei board member says the bank needs to improve performance
Shinsei has moved to defend itself from an SBI takeover bid, saying it would introduce a strategy designed to dilute the suitor's stake.
Japan Times
BUSINESS / Companies
Oct 21, 2021
Shinsei Bank officially rejects SBI's tender offer, set for hostile takeover
The standoff between the firms has escalated since SBI launched an unsolicited tender offer in early September in an attempt to raise its stake from 20% to 48%.
Japan Times
BUSINESS / Companies
Sep 29, 2021
SBI agrees to Shinsei Bank's request to extend tender offer
In a potential pause in the escalating tensions between the two, SBI acquiesced to Shinsei.
Japan Times
BUSINESS / Companies
Sep 27, 2021
Shinsei Bank rejects SBI's one-month tender offer extension
Shinsei said its proposed extension to Dec. 8 will give shareholders sufficient time to assess provided information so they can decide on whether to tender their shares.
Japan Times
BUSINESS / Companies
Sep 24, 2021
SBI flags extension to tender offer period if Shinsei Bank meets demands
SBI demanded Shinsei not attempt to buy time by posing 'low-priority' questions, and that it hold an extraordinary shareholders' meeting as soon as possible and in an equitable manner.
Japan Times
BUSINESS / Companies
Sep 20, 2021
Shinsei Bank decides to launch defense against SBI's takeover
As part of its defense, Shinsei plans to issue new shares to existing shareholders to dilute SBI's shareholdings, a tactic known as a poison pill.
Japan Times
BUSINESS / Companies / FOCUS
Sep 17, 2021
The rationale behind SBI's targeting of Shinsei Bank
CEO Yoshitaka Kitao sees the acquisition of the bank as key to expanding his sprawling businesses.
Japan Times
BUSINESS / Companies
Sep 16, 2021
Shinsei Bank says SBI's explanation of takeover bid full of holes
Shinsei Bank has yet to clarify its stance on the planned takeover but pointed out in a statement that some information given by SBI is 'inaccurate' or 'insufficient.'
Japan Times
BUSINESS / Companies
Sep 16, 2021
Shinsei Bank seeks help from Sony to counter SBI's takeover bid
If Sony agrees to become a so-called white knight, it would lead to a bidding war for Shinsei.
Japan Times
BUSINESS / Companies
Jun 2, 2020
Shinsei to buy New Zealand's UDC Finance for $480 million
Shinsei Bank Ltd. said it will buy New Zealand's top nonbank finance provider, UDC Finance Ltd., for $480 million (¥51.7 billion) in its biggest overseas acquisition to date and marking the latest asset purchase by a Japanese company eager to move beyond a low-growth home market.
Japan Times
BUSINESS / Markets
Aug 28, 2019
Japanese government becomes top shareholder of Shinsei Bank
The government has effectively become the top shareholder of Shinsei Bank Ltd., with a stake of about 19 percent in terms of voting rights, replacing U.S. investment fund J.C. Flowers & Co.
New JAL chief concerned about yen’s ‘excessive’ weakness
Mitsuko Tottori became Japan Airlines’ first female CEO on April 1, having risen through the ranks as a flight attendant and heading the flight attendant and customer experience divisions.
Town to block view of Mount Fuji in response to overtourism
The town government of Fujikawaguchiko, Yamanashi Prefecture, decided to set up a 2.5-meter-high screen to prevent tourists from taking pictures of Mount Fuji looming behind a convenience store.
Yen inches closer to intervention point as BOJ meeting starts
The rate of the yen against the U.S. dollar is displayed in the trading room at foreign exchange brokerage Gaitame.com in Tokyo on Thursday.
Princess Aiko makes debut at imperial garden party
Princess Aiko attends an imperial garden party in Tokyo on Tuesday.
'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's Koto Ward by-election a race unlike any other
Natsumi Sakai, the Constitutional Democratic Party of Japan’s candidate and one of four female candidates running in the by-election, touts her experience as a cancer survivor and midwife as having prepared her to tackle issues that women currently face.
Kyotographie's strong 12th edition shines light into the margins
Yassine Alaoui Ismaili, who goes by Yoriyas, turned to photography, shooting motion while in motion himself, after an injury forced him to give up his career as a professional breakdancer.
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.

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Longform

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SUSTAINABLE JAPAN

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

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