Deals

Yamazaki Baking will relinquish its license to manufacture and sell Nabisco products, such as Ritz and Oreos, in the Japanese market.

Global foods

Yamazaki Baking parts ways with Nabisco after 46 years

TOKYO/GENEVA -- Ending a decades-old partnership, Yamazaki Baking will cease production of Oreos, Ritz and two other iconic Nabisco brands in Japan -- the outcome of a strategy shift in an industry marked by frequent mergers and realignments. The...

  • Athletic-shoe makers

    Asics buying US fitness app developer

    OSAKA -- Asics is purchasing the American company behind the popular Runkeeper fitness-tracking app under a deal announced Friday. The Japanese footwear and sports equipment producer is acquiring all shares in FitnessKeeper for around $85 million...

  • Sharp bailout

    Foxconn seeks investment from SoftBank to boost bid

    OSAKA -- Taiwan's Hon Hai Precision Industry reportedly has sounded out SoftBank Group about joining its bid to acquire Sharp, aiming to sweeten the deal by bringing in a Japanese partner and a major buyer of the troubled manufacturer's mainstay smar...

  • Post-sanctions Iran

    Kansai Paint plots return to promising market

    OSAKA -- Having withdrawn from Iran in 2013, Kansai Paint plans to buy back into a former joint venture there now that economic sanctions against the country are being lifted. While such companies as Toyota Motor and Nissan Motor are considering ...

  • CLP Holdings

    Hong Kong utility to buy gas from mainland giant

    HONG KONG -- Hong Kong's CLP Holdings has agreed to purchase natural gas from mainland-based energy giant CNOOC through a new pipeline that could start operating as early as 2018. CNOOC will build a new 33km pipeline connecting its Wenchang gas f...

  • Beer industry

    With SABMiller deal, Asahi helps rival out of a jam

    GENEVA -- Japan's Asahi Group Holdings said Wednesday it has agreed to acquire some operations from U.K.-based brewer SABMiller in a deal that could smooth the way for a much larger transaction between SABMiller and Belgium-based Anheuser-Busch InBev...

  • Japan's power deregulation

    Astomos plans Rakuten rewards partnership

    TOKYO -- Liquefied petroleum gas provider Astomos Energy will team with e-commerce giant Rakuten to offer reward points on utility bills, aiming to increase business when Japan deregulates its retail power market in April. Astomos sells gas throu...

  • M&A activity

    Japanese drinks groups seek global depth

    TOKYO -- Asahi Group Holdings' move into Europe shows how eager Japanese drinks groups are to expand beyond a shrinking domestic market. Asahi, whose acquisitions had focused on the Asia-Pacific region, has bid for four SABMiller companies, inclu...

  • Deals

    Japan Tobacco buys Brazilian cigarette distributor

    TOKYO -- Japan Tobacco has acquired a cigarette distributor in Brazil, a market where it has sought to make headway since re-entering in 2014. JT bought all of Salvador-based Fluxo Brasil Distribuidora do Produtos SA for an undisclosed amount. Fl...

  • Japanese acquisitions

    Brewer Asahi tries to make splash in big pond

    TOKYO -- Japan's Asahi Group Holdings is diving into Europe in hopes of instantly enlarging its presence in an ever-consolidating global beer market. The purveyor of Super Dry has offered to buy not one but four brewers and beer distributors owned by...

  • Japanese apparel industry

    On verge of drowning, Itokin turns to Integral for help

    TOKYO -- Itokin's decision to get help from investment fund Integral in its rehabilitation efforts came as the company faced the prospect of imminent insolvency. The struggling Japanese apparel giant said Wednesday that Integral will obtain new s...

  • Pharmaceutical industry

    Sumitomo Dainippon seeks US startups with potential drugs

    OSAKA -- Sumitomo Dainippon Pharma is ready to spend 150 billion yen to 200 billion yen ($1.31 billion to $1.74 billion) over the next several years to acquire startups that are developing treatments for cancer, mental illnesses or hard-to-cure disea...

  • Marine products

    Yamaha Motor buys Finnish boat giant in European push

    TOKYO -- Yamaha Motor has bought Finnish boat maker Inha Works as part of efforts to cultivate the European and Russian markets further. Inha Works, known for its Buster brand, is Europe's biggest provider of aluminum boats, used for fishing and ...

  • Acquisitions

    Asahi offers over 400bn yen for Peroni, Grolsch

    TOKYO -- Asahi Group Holdings is offering a little over 400 billion yen ($3.48 billion) to purchase two European beer brands from SABMiller, proposing the biggest-ever overseas acquisition by a Japanese beer company. Asahi finalized its proposal ...

  • Japan apparel industry

    Integral to buy troubled clothier Itokin

    TOKYO -- Japanese investment fund Integral will acquire apparel company Itokin for an estimated 16.5 billion yen ($144 million) to lead its turnaround efforts. The purchase, which also includes liabilities, could be announced as early as Wednesda...

  • Philippines banking

    Merger will create second largest bank

    MANILA -- President Benigno Aquino has approved the takeover of the Development Bank of the Philippines by Land Bank of the Philippines, which, subject to regulatory and congressional consent, will create the country's second largest lender after BDO...

  • Agrochemical industry

    ChemChina-Syngenta deal may help China meet food challenges

    FRANKFURT, Germany -- The purchase of Switzerland's agrochemical maker Syngenta by China National Chemical, or ChemChina, has sent shock waves through the industry. The $43 billion deal, the biggest-ever overseas acquisition by a Chinese state-ow...

  • Pharmaceuticals

    Mitsubishi Chemical unit buys Brazilian capsule maker

    TOKYO -- A Mitsubishi Chemical Holdings subsidiary has fully acquired Brazilian capsule maker Genix, aiming to establish itself in the growing Latin American pharmaceutical market. Japan's Qualicaps said Monday that it had acquired all outstandin...

  • Japanese acquisitions

    Daikin to buy leading US filter maker

    OSAKA -- Japan's Daikin Industries is acquiring a leading U.S. air filtration company with an eye on growing demand in emerging economies. Daikin will pay about 50 billion yen ($432 million) for the entire stake in North Carolina-based Flanders, ...

  • Japanese trading houses

    Itochu to invest in US cocoa ingredients processor

    TOKYO -- Itochu is entering the business of cocoa ingredient processing and sales by taking a nearly 20% stake in American processor Transmar. The Japanese trading house will buy new shares from Transmar's London-based holding company within the ...