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Today: March 30, 2025
Today: March 30, 2025
Ritsuko Shimizu

Ritsuko Shimizu

Staff Writer

Latest From Ritsuko Shimizu

Asia|Business|Economy|Finance

Rakuten Card aiming for 100 billion yen profit, eyes 1,100 trillion yen B2B market

Japan's largest credit card company, Rakuten Card, is aiming to almost double its annual operating profit to 100 billion yen ($663.7 million) in

Rakuten Card aiming for 100 billion yen profit, eyes 1,100 trillion yen B2B market
Asia|Business|Finance|Technology

Bain aims to list Seven & i's supermarket business in about three years

Bain Capital aims to list Seven & i Holdings' supermarket and retail business in around three years after boosting synergies within the group,

Bain aims to list Seven & i's supermarket business in about three years
Asia|Business|Economy

Japan's Seven & i announces restructuring, new CEO to fend off $47 billion takeover bid

Seven & i Holdings, the Japanese operator of the 7-Eleven convenience store chain, appointed its first foreign CEO and handed him the task of

Japan's Seven & i announces restructuring, new CEO to fend off $47 billion takeover bid
Asia|Business|Economy

Seven & i finalising plan for CEO Isaka to step down, sources say

Seven & i Holdings, the Japanese retail giant at the centre of a takeover battle, is finalising a plan for its chief executive to step down, mostly likely to be

Seven & i finalising plan for CEO Isaka to step down, sources say
Asia|Business|Economy

Itochu to bow out of Seven & i buyout, Couche-Tard still interested

Japan's Itochu is withdrawing from a buyout for Seven & i Holdings proposed by the retailer's founding family, two sources with knowledge of

Itochu to bow out of Seven & i buyout, Couche-Tard still interested
Asia|Business|Economy|Technology

Japan's Murata eyeing large-scale M&A to drive growth, CEO says

Japan's Murata Manufacturing is considering deals of more than 100 billion yen ($665 million) to drive growth, the smartphone component supplier's CEO said

Japan's Murata eyeing large-scale M&A to drive growth, CEO says
Business|Finance|Stock Markets

Japan's Mizuho aims to remain a top 10 global investment bank

Mizuho Financial Group aims to stay in the top 10 of the global investment bank league table, its investment banking chief told Reuters, after

Japan's Mizuho aims to remain a top 10 global investment bank
Business|Finance

Nippon Steel exec to meet USW head to seek support for U.S. Steel deal

A senior Nippon Steel executive told Reuters he is set to meet the United Steelworkers (USW) union chief this month to seek support for acquiring

Nippon Steel exec to meet USW head to seek support for U.S. Steel deal
Asia|Business|Economy|Finance|Stock Markets|US

Nippon Steel emphasises its 'deep roots' in the US as it pursues U.S. Steel deal

Nippon Steel intends to pursue its proposed acquisition of U.S.

Nippon Steel emphasises its 'deep roots' in the US as it pursues U.S. Steel deal
Business|US

Nippon Steel's Mori returns to US this week for talks on US Steel takeover

Nippon Steel's vice chairman plans to return to the United States this week for more talks over the proposed acquisition of U.S.

Nippon Steel's Mori returns to US this week for talks on US Steel takeover
Asia|Business

Japan finds a 'stealth' cure for zombie businesses: Let them fail

For much of its 72 years, Hitoshi Fujita's company was just another mom-and-pop business grinding out metal parts.

Japan finds a 'stealth' cure for zombie businesses: Let them fail
Asia|Business|Economy|News

Nippon Steel, peers urge Tokyo to curb steel imports from China, executive says

Nippon Steel and other Japanese steelmakers are urging Tokyo to consider curbing cheap steel imports from China, the world's

Nippon Steel, peers urge Tokyo to curb steel imports from China, executive says
Asia|Business|Economy|Finance

Japanese companies cannot use national security cover to block takeovers, official says

Japanese companies cannot use a national security designation as a tool to thwart foreign takeovers, a senior finance ministry official said,

Japanese companies cannot use national security cover to block takeovers, official says
Business|Economy|Finance

Seven & i to ask Couche-Tard to reconsider 'inadequate' offer, source says

Japanese retail giant Seven & i will inform Canada's Alimentation Couche-Tard that its takeover bid price is "inadequate", a source familiar with

Seven & i to ask Couche-Tard to reconsider 'inadequate' offer, source says
Business|Finance|Stock Markets

Seven & i considering supermarket stake sale ahead of IPO, sources say

Japan's Seven & i Holdings is considering selling a stake in its supermarket unit ahead of a planned listing of the business, two sources said, as the 7-Eleven

Seven & i considering supermarket stake sale ahead of IPO, sources say
Business|Finance|Stock Markets

Couche-Tard hikes bid for 7-Eleven owner to $47 billion, sources say

Canada's Alimentation Couche-Tard (ACT) has made a revised bid for Seven & i Holdings, the Japanese company said on Wednesday, which two people familiar

Couche-Tard hikes bid for 7-Eleven owner to $47 billion, sources say
Business|Economy|Finance

7-Eleven's turnaround plan requires heavy lifting to stop Couche-Tard's $47 billion takeover

Japan's Seven & i Holdings is betting it can boost value by hiving off underperforming businesses and focusing on mainstay 7-Eleven stores.

7-Eleven's turnaround plan requires heavy lifting to stop Couche-Tard's $47 billion takeover
Business|Finance|Stock Markets

Ex-FamilyMart minority shareholders secure another landmark win over Itochu buyout

Tokyo's high court has ruled the fair value of FamilyMart shares was 13% higher than Itochu's buyout offer, in another landmark win for

Ex-FamilyMart minority shareholders secure another landmark win over Itochu buyout
Asia|Business|Finance

Race for Japanese 7-Eleven owner heats up with founding family bid

Japan's Seven & i Holdings has received a buyout proposal from a member of its founding Ito family, it said on Wednesday, a potential $58 billion white

Race for Japanese 7-Eleven owner heats up with founding family bid
Asia|Business|Finance|Political|US

Nippon Steel committed to U.S. Steel takeover, aims to close in Dec, says executive

Japan's Nippon Steel is committed to its $15 billion acquisition of U.S.

Nippon Steel committed to U.S. Steel takeover, aims to close in Dec, says executive
Asia|Business|Economy|Finance

KKR and Bain each bid more than $5 billion for Seven & i assets, sources say

Private equity firms KKR and Bain Capital each offered more than $5 billion in first-round bids for the non-core assets of Japan's

KKR and Bain each bid more than $5 billion for Seven & i assets, sources say

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