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Trader Itochu Weighs Joining Seven & I Management Buyout Plan

  • Category:Other
JAPAN TODAY
 
Japanese trading house Itochu Corp said Thursday it is considering joining other companies in a management buyout of Seven & i Holdings Co proposed by its founding family to fend off a takeover bid by Canada's Alimentation Couche-Tard Inc.
While no decisions have yet been made, Itoc...

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Japan PM Ishiba Hails Investment Pact with Zambia

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NIPPON
 
Japanese Prime Minister Shigeru Ishiba held a meeting with visiting Zambian President Hakainde Hichilema on Thursday, welcoming the signing of an investment agreement between the two countries earlier in the day.
The accord invites more Japanese companies to invest in the South African n...

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Nissan Shares Plunge After Report Saying Honda Merger Talks Off

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JAPAN TODAY
 
Nissan shares plunged on Wednesday after Japan's Nikkei business daily said the carmaker had decided to withdraw from merger talks with rival Honda.
The newspaper and other Japanese media had earlier reported that Honda had proposed making Nissan a subsidiary, instead of the previou...

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Japan to Make It Easier for Firms to Hold Online-only Shareholder Meetings, in Shift Started by COVID-19

  • Category:Other
JAPAN NEWS
 
The government will ease regulations on online-only shareholder meetings, it has been learned.
Such shareholder meetings were first allowed during the COVID-19 pandemic due to the circumstances, and the government will now revise the Companies Law to encourage the holding of online-o...

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Honda, Nissan Delay Announcement Of Merger Plan Details Until Mid-February

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JAPAN TODAY
 
Honda Motor Co and Nissan Motor Co say they will unveil the details of their merger plan in mid-February, having originally announced they would do so by the end of January.
Honda and Nissan, Japan's second- and third-largest carmakers by volume, said they are still discussing the f...

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Hotel Stays In Japan Hit Record 651 Million In 2024 On Inbound Surge

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KYODO NEWS
 
Overnight stays at accommodation facilities in Japan by Japanese and foreign travelers rose 5.5 percent in 2024 from the previous year to a record 651.49 million, preliminary government data showed Friday.
The growth was largely driven by foreign visitors, whose stays at hotels and J...

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Rakuten Scraps Plan To List Securities Unit On Tokyo Bourse

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JAPAN TIMES
 
 
Rakuten Group said it no longer plans to list its securities arm on the Tokyo Stock Exchange, and will instead focus on deepening its partnership with Mizuho Securities.
The Japanese e-commerce pioneer had planned an initial public offering for Rakuten Securities Holdings, part of...

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Toyota Group Retains Crown As World's Biggest Automaker In 2024

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JAPAN TODAY
 
Toyota Motor Corp group sold more cars than any other automaker for the fifth consecutive year in 2024 while China's fast-growing BYD Co surpassed Honda Motor Co, Nissan Motor Co and Suzuki Motor Corp in vehicle sales for the first time, industry data showed Thursday.
Toyota group, ...

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Fuji Media Holdings Revises Down Its Net Profit Forecast by 66%; Advertising Revenue Projected to Plummet Following Scandal

  • Category:Other
JAPAN NEWS
 
Fuji Media Holdings, Inc. on Thursday revised down its net profit forecast by 66.2% to ¥9.8 billion for the fiscal year ending in March 2025, due to many television commercials having been suspended.
The suspensions came after Fuji Television Network, Inc., a subsidiary of Fuji Media...

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Nissan Plans Job And Production Cuts In U.S.

  • Category:Other
JAPAN TODAY
 
Nissan Motor Corp is slashing production at its U.S. plants and offering buyouts to factory workers there as part of the Japanese automaker’s urgent efforts to return to profitability.
The move is part of Nissan’s plans, announced two months ago, to slash 9,000 jobs globally, includ...

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