Government to get five more years to sell its shares in Japan Post and Tokyo Metro
The government plans to extend the deadline for selling shares in Japan Post Holdings Co. and Tokyo Metro Co. by five years from fiscal 2022, sources have said. Legislation is expected to be submitted to the ongoing ordinary session of the Diet to extend the ...
Walking the talk of stakeholder capitalism
Company boards must also figure out how to integrate shareholder value with corporate responsibility.
Villains or visionaries? Hedge funds short companies they say 'greenwash'
Tens of trillions of global investment dollars are pouring into companies touting robust environmental, social and governance (ESG) credentials. Now short-sellers spy an opportunity. Such hedge funds, often cast as villains of the piece because they bet against share prices, scent a profit from company ...
Shareholder activism rises in Japan as firms go hostile and investors speak out
Record shareholder activism is combining with rare hostile takeover bids in Japan, in a trend that's seen as good news for investors in the country's ¥675 trillion stock market. Activists such as Elliott Management Corp. have been snapping up shares in targeted firms and agitating ...
Japan passes bill to tighten rules on foreign investments related to national security
The amended law, which requires foreign investors to get state permission when acquiring stakes of 1 percent or more in a sensitive company, takes effect next spring.
Undermining activist investors will hurt Japanese companies
The government should be wary of alienating an ally that has aided its campaign to improve shareholder returns.
Renault's weaker outlook raises odds for deal on Nissan stake
Renault SA's growing litany of woes could nudge the French carmaker to reduce its stake in Nissan Motor Co., a step that would help ease their strained relations. The possibility of a shareholding deal with the Japanese company was driven home by analysts after a ...
SoftBank Group Corp. is assembling a rescue financing plan for WeWork that may value the office-sharing company below $8 billion, according to people familiar with the discussions. The new figure is a fraction of the $47 billion valuation the startup commanded as recently as January. ...
Cash loses cachet as 'king' trading strategy in Japan
Cash is king, unless you are in Japan. One successful trading strategy has recently lost its luster, thanks to the Bank of Japan's never-ending obsession with negative interest rates. When a global recession looms, investors tend to hug stocks that pay handsome dividends. Cash rewards ...
Japan to tighten foreign investment rules for national security
The government is preparing to tighten regulations on foreign investment in Japanese companies that do work in areas sensitive to national security, including space development and nuclear energy, government sources said Thursday. The government will revise the foreign-exchange law to require that foreign investors seek ...
Struggling auto parts maker Akebono Brake to close six plants globally
Embattled auto parts maker Akebono Brake Industry Co. said Wednesday that it will close six plants at home and abroad to rebuild its business. The plant closures are part of the company's turnaround program, which was accepted at a meeting of its creditors the same ...
Sony explains reasons for rejection of plan to spin off semiconductor business
Sony Corp. has clarified why it rejected a proposal by the U.S. hedge fund Third Point LLC that the electronics and entertainment giant spin off its semiconductor business. In June, Third Point announced a $1.5 billion investment in Sony and called on it to split ...
