Deals

Japan's Nidec looks to end M&A silence with whopper of a deal

KYOTO/OSAKA -- For years, Japanese precision motor maker Nidec grew larger on a steady diet of takeovers to fuel its growth. But ever since agreeing to buy a Honda Motor subsidiary last year, the company has been uncharacteristically quiet on the acq...

  • Myanmar opposition party to set up agricultural bank

    TOKYO -- The opposition Myanmar Farmers' Development Party will work with Thailand's government-backed Krung Thai Bank to set up a bank specializing in the agricultural business, the party's leader told The Nikkei in Tokyo. The plan is to open th...

  • Itochu to take stake in Vietnamese textile giant

    HO CHI MINH CITY -- Trading house Itochu will invest in Vinatex, Vietnam's largest state-owned textile company, acting ahead of a potential free trade agreement that could boost exports from the country. Itochu will soon acquire about 5% of the c...

  • Toyota jettisons some Tesla Motors shares

    NAGOYA -- Toyota Motor has sold some of its shares in U.S. electric vehicle manufacturer Tesla Motors, signaling that the partners will scale down their cooperation in electric car development, The Nikkei learned Thursday. The Japanese automaker ...

  • Shibusawa Warehouse buying into Vietnamese logistics company

    TOKYO -- Shibusawa Warehouse plans to take a 35% stake in Hanoi-based logistics company Vinafco this month, aiming to strengthen operations in northern Vietnam. The Japanese company intends to purchase Vinafco shares from real estate firms and ot...

  • Mitsui invests in big Hong Kong food supplier

    TOKYO -- Mitsui & Co. has taken a 20% stake in a major Hong Kong food and beverage supplier, with plans to catch up to rivals in Asia's food market by collaborating on logistics and product development. The Japanese trading house became Tsit Wing...

  • Japan's Eliiy Power to enter US home battery market

    TOKYO -- Japanese battery manufacturer Eliiy Power has joined hands with American company Enphase Energy to develop and sell residential energy storage systems for solar power in the U.S. market starting around next summer. Unlike in Japan, batte...

  • Aeon to create biggest Japanese drugstore chain in 2015

    TOKYO -- Retail giant Aeon plans to purchase Japan's sixth-largest drugstore chain and merge it with three subsidiaries next year, forming a new industry leader with sales of more than 500 billion yen ($4.64 billion). Aeon will soon make a tender...

  • Indian bank invites Japanese to invest in its mutual funds

    TOKYO -- India's ICICI Bank will sell mutual funds linked to Indian stocks in Japan, aiming to tap into the abundant savings of Japanese households. The bank, the largest in India's private sector, has partnered with Tokyo-based Eastspring Invest...

  • Tokyo investment fund to buy scaffolding company

    TOKYO -- Investment fund Integral will purchase construction material maker Shinwa for roughly 15 billion yen ($140 million). Integral will acquire a 100% stake in the Gifu Prefecture-based company and dispatch multiple directors. It will wor...

  • SoftBank to pump $650M into India's Snapdeal

    TOKYO -- SoftBank will invest $650 million in Snapdeal to gain a 30%-plus stake in the Indian e-commerce giant, apparently with a vision of turning it into a "second Alibaba." An agreement will likely be reached as early as this month. Snapdeal w...

  • Toshiba, United Technologies tie up in smart-building solutions

    TOKYO -- Toshiba will partner with United Technologies to offer energy-saving building equipment and maintenance services around the world. Under their alliance, to be announced Friday, the two will pool their expertise: The Japanese company is s...

  • Sanyo Shokai-Burberry breakup to spark battle over retail spaces

    TOKYO -- The looming end of a 40-year partnership between Sanyo Shokai and British fashion house Burberry next June is jolting the apparel industry here, with the prime retail space that Burberry products now occupy in department stores across the na...

  • Major coal-fired power plant slated for western Japan

    TOKYO -- Electric Power Development, better known as J-Power, is planning a 1,200-megawatt coal-burning power facility in the western Japan's Yamaguchi Prefecture, working with Ube Industries and Osaka Gas. The plant will be built on vacant lot n...

  • Mitsubishi Materials' purchase of Hitachi Tool seen as good buy

    TOKYO -- Mitsubishi Materials' planned acquisition of Hitachi Tool Engineering is widely regarded as a steal because the benefits are expected to outweigh the hefty price tag. Mitsubishi Materials agreed in late September to obtain a 51% stake in...

  • KDDI teams with app providers for shared menu screen

    TOKYO -- KDDI, operator of the au wireless service, has partnered with a group of independent Internet companies to create a shared menu screen for their popular smartphone applications. The menu screen gives users an easy way to navigate the myr...

  • Uniqlo operator teams with Daiwa House on global logistics

    TOKYO -- Fast Retailing, operator of the Uniqlo chain of casual clothing stores, announced plans Tuesday to establish a company for global logistics with Daiwa House Industry. The partners will open around 10 distribution centers in major cities ...

  • Aeon teaming with 2 Vietnam supermarkets on products, distribution

    TOKYO -- Aeon will partner with two major supermarket operators in Vietnam as part of a two-pronged strategy to cultivate the rapidly growing retail market there. The Japanese retailer is concluding partnership negotiations with Fivimart, which h...

  • Uniqlo operator plans logistics hub to speed delivery of online orders

    TOKYO -- Fast Retailing, operator of the Uniqlo casual clothing chain, will build a large logistics center in Tokyo in collaboration with Daiwa House Industry to offer faster delivery of online orders. The two will set up a new company and build ...

  • Chiyoda to develop offshore natural gas plants

    TOKYO -- Japanese engineering firm Chiyoda Corp. will partner with Italian peer Saipem to develop offshore natural gas plants, handling everything from designing to procurement and construction. The partners have established a 50-50 joint venture...