Tag - shinsei

 
Menu
Search
 
April 24, 2024
 

Today's print edition

Home Delivery
Subscribe for more access

SHINSEI

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
Feb 8, 2022
Shinsei Bank revamps leadership for turnaround after SBI tender offer
New Shinsei president Katsuya Kawashima will be tasked with paving the way to repay the public funds injected into the bank in the wake of Japan's financial crisis in the late 1990s.
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 / Markets / FOCUS
Dec 13, 2021
As Japan's finance sector ends painful year, ex-Nomura banker vows to bring change
By taking effective control of Shinsei Bank Ltd., Yoshitaka Kitao is setting his sights on creating a banking alliance to rival the conservative old guard.
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 / FOCUS
Nov 25, 2021
Japanese financier scores big win in battle for Shinsei Bank
Shinsei Bank canceled a shareholder vote on a poison pill defense against a takeover bid from Yoshitaka Kitao's SBI Holdings that was scheduled for Thursday.
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.'
'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.
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.
The story isn't over for Japan's bookstores
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.
Hybrid work takes root in Japan, survey finds
A dealer works in the trading room at a foreign exchange brokerage in Tokyo on March 28. An overwhelming majority of respondents who currently work remotely in some capacity say they wish to continue to do so.
Shohei Ohtani signs deal with sports technology company Rapsodo
Shohei Ohtani has been appointed as the new technology ambassador for Rapsodo, the company announced Monday.
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.
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.

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

Students ‘study abroad’ on island of Suo Oshima
Students ‘study abroad’ on island of Suo Oshima

SPECIAL SUPPLEMENTS note

Read more

SUPPLEMENTS BINDER