Loading

Search

:

FOCUS: Bidding War May Break Out For Toshiba, More Business Reform Likely

  • Category:Other
KYODO NEWS
 
With a recent buyout offer for Toshiba Corp. from a British private equity firm apparently hitting a snag, a bidding war involving other investors may break out for the Japanese industrial conglomerate, industry experts say.
Investor interest in the growth potential of some of Toshib...

More

Japan's Top Coal Power Company Scraps Plan For New Plant

  • Category:Other
NIKKEI ASIA
 
J-Power cites costs and global pushback for decision on Yamaguchi project
Japan's top coal power producer J-Power canceled the construction of a power plant in Yamaguchi Prefecture, the company said Friday, as it works to curb its dependence on the fossil fuel amid growing regulator...

More

New Nissan GT-R NISMO Unveiled In Japan

  • Category:Other
JAPAN TODAY
 
YOKOHAMA - Nissan Motor Corp on Wednesday unveiled the newest iteration of the Nissan GT-R NISMO, the company’s flagship GT-R representing continuous evolution toward ultimate driving pleasure.
The Nissan GT-R NISMO, along with a special edition version, are planned to launch in Jap...

More

Toshiba: Japan's Troubled Megacorp Facing Buyout Drama

  • Category:Other
JAPAN TODAY
 
TOKYO - Once a shining symbol of Japan's advanced technology and economic power, Toshiba has been rocked by turbulence in recent years, facing scandals and losses before staging a recovery.
The industrial giant dates back to 1875 when its forerunner -- a telegraph factory -- operate...

More

Renesas To Reopen Factory As Early As April 19

  • Category:Other
THE JAPAN NEWS
 
 
Major semiconductor manufacturer Renesas Electronics Corp. has restored the clean room where a fire broke out at its Naka Factory in Hitachinaka, Ibaraki Prefecture, the company has announced.
Renesas Electronics said Saturday that it will now replace the manufacturing equipmen...

More

Wealthy Japanese Flying Private In Greater Numbers, ANA Says

  • Category:Other
JAPAN TIMES
 
Wealthy people in Japan are turning to private jets in greater numbers as they seek to eschew crowded airports amid the ongoing coronavirus pandemic.
The push means that ANA Holdings Inc.’s private jet charter business is expecting sales of ¥1 billion in the 2022 fiscal year, Jun Ka...

More

Long Road Ahead For Buyout Offer, Toshiba Board Chair Warns

  • Category:Other
JAPAN TODAY
 
A British hedge fund's buyout offer for Toshiba faces a long road, including seeking regulatory approval and additional financing, the chairman of the Japanese firm's board warned Friday.
CVC Capital Partners is reportedly considering a 30 percent premium over Toshiba's current shar...

More

Aeon Suffers Record ¥71 Billion Hit As Retailers Report Losses

  • Category:Other
JAPAN TIMES
 
Japanese retail giant Aeon Co. has reported a record group net loss of ¥71.02 million for the year through February, its first red ink in 12 years.
Its general merchandise supermarket operations incurred an operating loss due to temporary closures of tenant shops during Japan’s firs...

More

Toyota Unveils New Cars With Advanced Driving Assist Technology

  • Category:Other
JAPAN TODAY
 
Toyota Motor Corp on Thursday unveiled its new Lexus and Mirai models in Japan, equipped with the company's latest advanced driver assistance that enables safe driving and wireless software updates.
The carmaker's new driving assist technology, or Advanced Drive, is a level 2 autono...

More

Japan's Toshiba Studies Acquisition Proposal by Global Fund

  • Category:Other
US NEWS
 
Trading in Toshiba stock has been halted after the Japanese technology conglomerate confirmed it had received a preliminary acquisition proposal. 
Trading in Toshiba stock was halted Wednesday after the Tokyo-based technology conglomerate confirmed it had received a preliminary acquisit...

More