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April 29, 2024
 

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JIP

In Toshiba, JIP takes on a sprawling company far bigger and more complex than any it acquired before.
BUSINESS / Companies / FOCUS
Dec 19, 2023
In buying Toshiba, JIP takes on corporate Japan's toughest job
While the fund has quietly built up a track record by carving out businesses from big manufacturers, Toshiba is more complex than any it acquired before.
Taro Shimada, president and CEO of Toshiba, will remain in his post after the company goes private next week.
BUSINESS / Companies
Dec 14, 2023
JIP-led group to have majority on Toshiba board after delisting
The delisting will end the conglomerate's 74-year history as a public company.
Toshiba said the Japan Industrial Partners-led consortium had gained 78.65% of Toshiba’s outstanding shares through the bid, which began Aug. 8, paying ¥4,620 per share.
BUSINESS / Companies
Sep 21, 2023
Toshiba to go private after success of ¥2 trillion takeover bid
The Japan Industrial Partners-led consortium has gained 78.65% of outstanding shares, paying ¥4,620 per share.
Toshiba, which has know-how ranging from air conditioners and nuclear power equipment to semiconductors and quantum computing, sees a Japan Industrial Partners-led bid as a chance to regain its footing following more than a decade of scandals and management overhauls.
BUSINESS / Companies
Aug 7, 2023
JIP-led ¥2 trillion tender offer for Toshiba to start Aug. 8
A consortium led by Japan Industrial Partners will start a tender offer to buy all outstanding Toshiba shares at ¥4,620 per share through Sept. 20.
Japan Times
BUSINESS
Jul 7, 2023
Toshiba tender offer to be delayed until August or later
The consortium initially planned to launch the tender offer as early as late July, but it is taking time to obtain approval from antitrust regulators in certain countries.
Japan Times
BUSINESS / Companies
Jun 29, 2023
Toshiba shareholders re-elect board members promoting buyout plan
Some investors have criticized the buyout offer as being 'too cheap.'
Japan Times
BUSINESS / Companies
Jun 8, 2023
Toshiba backs JIP-led buyout in boost to deal’s chances
Since 2015, Toshiba has been battered by accounting scandals — suffering heavy loss — and came close to being de-listed.
Japan Times
BUSINESS / Companies / FOCUS
Mar 26, 2023
Rocky road to Toshiba deal raises doubts about a future comeback
The questions now are whether activist investors will accept the terms — and whether the firm can restore its former glory.
Japan Times
BUSINESS / Companies
Mar 23, 2023
Toshiba board accepts JIP buyout proposal, report says
The JIP consortium last month submitted a binding buyout proposal backed by $10.6 billion in loan commitments from major banks.
Japan Times
BUSINESS / Companies
Feb 28, 2023
Toshiba buyout proposal faces increasing uncertainty
It is unclear whether activist shareholders, including foreign investment funds, will agree to a ¥2 trillion buyout proposed by a consortium led by investment fund Japan Industrial Partners.
Japan Times
BUSINESS
Feb 24, 2023
Orix weighs cutting contribution to JIP’s Toshiba offer, sources say
Orix is seeking to acquire ¥200 billion ($1.5 billion) of common and preferred Toshiba stock, down from the original ¥300 billion, the sources said.
Japan Times
BUSINESS / Companies
Feb 15, 2023
Bleak earnings and revolving leadership dampen prospects for Toshiba buyout
During an earnings report on Tuesday, Toshiba Vice President and CFO Masayoshi Hirata dodged questions surrounding any potential buyout developments.
Japan Times
BUSINESS / Companies
Feb 9, 2023
JIP-led group has secured loans worth ¥1.4 trillion for Toshiba buyout, sources say
Toshiba named the consortium as its preferred bidder last October, but the group was unable to meet a requirement to provide commitment letters from banks by Nov. 7.
Japan Times
BUSINESS / Companies
Feb 7, 2023
Toshiba’s bidder set to win commitments for $10.6 billion loan
Securing financing support from banks is a crucial step in the JIP-led consortium’s proposed takeover of one of Japan’s most iconic companies.
Japan Times
BUSINESS
Dec 30, 2022
Toshiba deal faces more uncertainty as financing talks stall
A consortium led by Japan Industrial Partners is in talks over bank financing totaling about u00a51.4 trillion to take Toshiba private, but negotiations have stalled.
Japan Times
BUSINESS / Companies
Nov 28, 2022
Toshiba’s preferred bid delayed amid loan uncertainty, sources say
Banks are considering issuing commitment letters for loans to a consortium led by Japan Industrial Partners and aren't expected to make a decision until mid-December, later than planned.
Japan Times
BUSINESS / Companies
Nov 17, 2022
Toshiba preferred bidder may tap Rohm and Suzuki for funds
Electronics company Rohm is considering putting in about u00a5100 billion in equity and around u00a5200 billion in debt as part of efforts to back a bid for the group.
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.
Number of homeless in Japan hits record low
Homeless people sleep on the street in Tokyo's Shinjuku Ward in August 2021.
Raising kids in Japan as a single parent? It takes a village.
Making things work as a foreign, single mother in Japan isn't easy, but these tips and tricks can help you through the hardest parts.
JAL cancels international flight after captain gets drunk at Dallas hotel
A Japan Airlines' flight from Dallas to Tokyo was canceled last week after its captain got drunk at a local hotel.
In Japan, regional revitalization fails to halt population decline
Sakiyama elementary school in Tamba, Hyogo Prefecture, in March .Over the past decade, the government has directed efforts toward policies designed to give young people incentives to base themselves in rural areas.
Putin’s war will soon reach Russians’ tax bills
Russian President Vladimir Putin speaks during a meeting in St. Petersburg on Friday.
Climate change, chalky grains and the risks for Japan’s rice farmers
A farmer plants seedlings in Satsumasendai, Kagoshima Prefecture. Japan’s self sufficiency rate for rice is nearly 100%, compared with 38% for food overall, on a calorie basis.
Japan wants you to spend more with ‘luxury tourism’
Performers play a traditional drum unique to Wajima, Ishikawa Prefecture, in the prefectural capital of Kanazawa on March 16 to mark the extension of the Hokuriku Shinkansen line to Tsuruga Station in Fukui Prefecture.
Theaster Gates’ ambitious ‘Afro-Mingei’ brings Black Chicago to Tokyo
Theaster Gates' “A Heavenly Chord” lines up church pews before seven speakers and a Hammond B3 organ, a type of electric organ prevalent in Black American churches.
Casa del Cibo: A thriving jewel born from Tohoku’s harsh past
When chef Ryohei Ikemi moved to Hachinohe, Aomori Prefecture, and opened Casa del Cibo in 2011, it was the first proper Italian restaurant in the city.
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.

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