Deals

Mitsui Sugar acquires supplement maker with eye on elderly market

TOKYO -- Mitsui Sugar will make a Mie-based nutritional supplement maker Nutri its subsidiary. As sugar consumption declines, Mitsui Sugar aims to diversify revenue sources by entering the nursing care meal business. In December, Japan's largest ...

  • Bank of Yokohama, Sumitomo Mitsui Trust join on asset management

    TOKYO -- Bank of Yokohama and Sumitomo Mitsui Trust Bank announced Wednesday the establishment of an asset management company, bringing a smaller regional player to the forefront of a market dominated by industry giants. The new company will star...

  • Japan's Cookpad to acquire Middle East recipe purveyor

    TOKYO -- Recipe website operator Cookpad is putting the Middle East on the menu, seeking to carve out a presence in the burgeoning market by purchasing a Lebanese counterpart. The Japanese company will buy all the shares in Netsila SAL, which ope...

  • Hitachi to help Rio Tinto streamline Aussie mine operations

    TOKYO -- Japan's Hitachi will form a strategic partnership with Anglo-Australia resource major Rio Tinto in an effort to raise the efficiency of iron ore mining in western Australia. Hitachi Chairman and CEO Hiroaki Nakanishi and Rio Tinto CEO Sa...

  • SoftBank locks on Indian Net sector with Snapdeal investment

    NEW DELHI -- SoftBank announced Tuesday that it will invest $627 million in leading Indian e-retailer Snapdeal, just the tip of the iceberg on a plan to pour about $10 billion into the country's burgeoning Internet sector over the next decade. Th...

  • Chinese railcar giants in merger talks

    BEIJING -- Major Chinese train manufacturers CSR and China CNR are in the final stages of negotiations toward a merger, a move expected to create an industry titan dwarfing such global rivals as Canada's Bombardier and Germany's Siemens. The two ...

  • Fujitsu to sell agricultural IT systems in Vietnam

    TOKYO -- Fujitsu, anticipating rising demand for high-quality food in Southeast Asia, will begin selling information technology systems for agricultural produce operations in Vietnam next year. The Japanese company will partner with FPT, a Vietna...

  • Japanese public-private team to help Vietnamese farmers

    TOKYO -- A government agency and a business consultancy will draw up measures to promote the export of vegetables grown in Vietnam. The Japan International Cooperation Agency and Dream Incubator plan to conduct a six-month study in the southweste...

  • Novartis to sell flu vaccine business to Australia's CSL

    FRANKFURT, Germany -- European drug giant Novartis said Sunday it will sell its influenza vaccine business to Australian vaccine manufacturer CSL for $275 million as part of a reorganization of its operations. The Swiss company's flu vaccine busi...

  • Fujifilm to buy US vaccine manufacturer

    TOKYO -- Fujifilm will acquire an American maker of vaccines to order, gaining a foothold in a business with the prospect of global growth. The Fujifilm Holdings unit will buy 49% of Kalon Biotherapeutics from founder Texas A&M University and the...

  • 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...