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April 25, 2024
 

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JIC

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.
Japan Times
BUSINESS
Jun 26, 2023
Japan unveils ¥904 billion deal to buy out chip linchpin JSR
The government-backed Japan Investment Corp. plans to offer shareholders ¥4,350 a share in a tender offer around December.
Japan Times
BUSINESS
Jun 24, 2023
State-backed Japan Investment Corp. in talks to buy nation's top chip firm, report says
The fund reportedly aims to make a tender offer as early as this year after clearing the buyout with domestic and foreign antitrust authorities.
Japan Times
BUSINESS / Companies
Nov 12, 2022
Success of JIP's bid for Toshiba hinges on banks
The investment fund is negotiating with lenders to raise over u00a51 trillion in loans, though some banks view extending such a line of credit as overly risky.
Japan Times
BUSINESS / Companies
Nov 8, 2022
Buyout fund JIP submits bid for Toshiba without bank backing
It is still uncertain whether funds can be guaranteed for the takeover estimated at some u00a52.2 trillion in total.
Japan Times
BUSINESS / Companies
Nov 7, 2022
Fate of Toshiba management causing friction for banks in buyout plan
There is concern preferred bidder JIP's plan to retain Toshiba CEO Taro Shimada and his team could impede the reorganization needed to put the firm on the road to recovery.
Japan Times
BUSINESS / Companies
Oct 18, 2022
Toshiba's preferred bidder offers less than key ¥6,000 a share, sources say
During a strategic review last year, at least one global private equity firm told Toshiba's review committee that a deal could be done at u00a56,000 a share or more.
Japan Times
BUSINESS / Companies
Oct 17, 2022
Toshiba sale faces delay as banks wary on financing
Some global banks have turned cautious over backing large buyouts like Toshiba amid rising borrowing costs in the United States and elsewhere.
Japan Times
BUSINESS / Companies
Oct 1, 2022
Toshiba bidders narrowed down to two company groups
The embattled firm has received two bids for rebuilding the conglomerate, one led by state-backed fund Japan Investment Corp. and another by Tokyo-based fund Japan Industrial Partners Inc.
Japan Times
BUSINESS / Companies
Jul 21, 2022
Toshiba narrows buyout bidders to Bain, CVC, Brookfield and Japanese consortium, sources say
The race for what could be the country's biggest buyout deal this year is gathering pace, as the four bidders are now invited to conduct due diligence for several months.
Japan Times
BUSINESS / Companies
May 25, 2022
State-backed investment fund JIC exploring offer for Toshiba, according to sources
JIC has signed a confidential agreement with the Japanese conglomerate for access to detailed finances as it weighs an offer, said the people, who asked not to be identified.
Japan Times
BUSINESS
Jan 31, 2019
Japan Investment Corp. at risk of becoming another 'zombie' rescue fund after METI's intervention
Japan's largest public-private fund, Japan Investment Corp., once had an ambitious mandate to aggressively pursue investments in next-generation businesses.
EDITORIALS
Dec 11, 2018
A public-private investment fund grinds to a halt
The future of the Japan Investment Corp. and other public-private funds will remain in doubt until differences over how such entities are run are resolved.
Japan Times
BUSINESS
Dec 10, 2018
All nine private-sector executives of Japan Investment Corp. to resign over pay dispute
Masaaki Tanaka, the president and CEO of a state-backed investment fund, said Monday he and eight other executives will resign following a dispute with the industry ministry over their remuneration, which the government called "too high."
Japan Times
BUSINESS
Dec 4, 2018
Japanese economy minister returns salary over pay offer to government-backed fund that was 'too high'
Economy minister Hiroshige Seko said Tuesday he will voluntarily return a month's pay after his ministry offered annual remuneration of over ¥100 million to executives at a government-backed investment fund and later retracted it for being "too high."
'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.
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.
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.
North Korean animators may be involved in Japan anime production, report says
North Korean animators may be involved in the production of some Japanese and U.S. animated shows, according to a report by a website providing analysis on North Korea.
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.
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.

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

Prize winner Maki Imoto catches light with glass
Prize winner Maki Imoto catches light with glass

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