• Bloomberg


Central Japan Railway Co. (JR Tokai) offered to pay about ¥26.2 billion to raise its stake in rail car maker Nippon Sharyo to 50.88 percent.

JR Tokai, which now owns 1.83 percent of the target company, will pay ¥370 a share, 38 percent more than Nippon Sharyo’s closing price of ¥268 Friday on the Tokyo Stock Exchange.

Unable to view this article?

This could be due to a conflict with your ad-blocking or security software.

Please add japantimes.co.jp and piano.io to your list of allowed sites.

If this does not resolve the issue or you are unable to add the domains to your allowlist, please see out this support page.

We humbly apologize for the inconvenience.

In a time of both misinformation and too much information, quality journalism is more crucial than ever.
By subscribing, you can help us get the story right.