Deals

Flying into the future

Orix to boost aircraft leasing operations via GE unit deal

TOKYO -- Orix will acquire 17 midsize planes for 90 billion yen ($724 million) from an aircraft leasing company affiliated with General Electric to meet rapidly growing demand in emerging countries. The Japanese company will buy the aircraft thro...

  • Japanese life insurers look abroad

    Asia holds promise, but mature US market still attracts growth seekers

    TOKYO -- Japan's Meiji Yasuda Life Insurance has become the second player in its shrinking domestic market this year to seek growth through an acquisition in the U.S., home to the world's biggest and still-growing life insurance sector. The Tokyo...

  • $5 billion buy

    Meiji Yasuda's StanCorp acquisition largest ever for Japan insurer

    TOKYO -- Japan's Meiji Yasuda Life Insurance announced Friday it will buy U.S. insurer StanCorp Financial Group for 624.6 billion yen ($4.99 billion) in what would be the biggest acquisition by a Japanese life insurer. With the domestic market sh...

  • A DIY carrier

    Spring Airlines to build hotel near Nagoya-area airport

    TOKYO -- China's largest budget carrier, Spring Airlines, will build a hotel adjacent to Chubu Airport outside Nagoya in Aichi Prefecture to serve a growing number of tourists visiting Japan from overseas. The rare move comes as hotels in central...

  • Bailout bids

    Delta may get upper hand in Skymark battle as 2 creditors split votes

    TOKYO -- Two key creditors of the bankrupt Skymark Airlines notified the Tokyo District Court that there is a possibility of splitting their votes, which, if decided, would allow them to support two competing bailout proposals. The proposals, one...

  • M&A

    Accenture buys Hong Kong Web marketing company

    HONG KONG -- Global consulting giant Accenture has purchased Hong Kong-based digital advertising company PacificLink for an undisclosed sum. PacificLink, a startup established in 1998, operates in Greater China and other Asia-Pacific markets offe...

  • South Korean companies in Vietnam

    Korea Electric, Vietnam Electricity ink pact

    SEOUL -- Korea Electric Power has signed a memorandum of understanding with Vietnam Electricity to facilitate cooperation, the South Korean utility said. Korea Electric will operate and maintain facilities on the Vietnamese utility's behalf and s...

  • Market liberalization

    Kansai Electric to team with French energy giant in natural gas

    OSAKA -- Kansai Electric Power will partner with GDF Suez in procurement and sales of liquefied natural gas, moving to establish a new revenue source ahead of the deregulation of retail energy markets in Japan. The two companies are in the final ...

  • Careful preparation

    Japanese group competed on price, tech to snag Thai rail deal

    BANGKOK -- Three Japanese companies have reached an informal agreement on a 32.4 billion baht ($962 million) contract for a new urban rail line in Bangkok, winning with a combination of cost cuts, technical know-how and support from Tokyo. The pr...

  • Family feud

    Lotte group founder's younger son chosen to lead 2-pronged strategy

    SEOUL -- Japanese-Korean conglomerate Lotte Holdings will make the founder's second son a representative director and ramp up business collaboration between the two countries, the company said Thursday. Shin Dong-bin, known as Akio Shigemitsu in ...

  • Slimming down

    Suntory nearing sale of cognac unit Louis Royer

    TOKYO -- Suntory Holdings is in late-stage negotiations to divest French cognac maker Louis Royer as the Japanese beverage group concentrates its business portfolio following last year's acquisition of U.S. distiller Beam. Osaka-based Suntory is ...

  • Working with the locals

    Doraemon to pull Chinese smartphone game from pocket

    TOKYO -- A Doraemon smartphone game is in the works for fans of the animated robotic cat in China. Fujiko Pro, a Japanese anime production company set up by the character's creators, will join forces with major Chinese game provider Forgame Holdi...

  • Vietnam oil refinery

    Idemitsu, partners in venture ponder doubling capacity

    NGHI SON, Vietnam -- The Nghi Son Refinery under construction in Vietnam is on track to begin operations in two years, but already Idemitsu Kosan and the three other companies involved in the venture are considering expanding the refinery's productio...

  • Deep-sea drilling

    Mitsubishi, Nippon Yusen to join Shell offshore oil project

    TOKYO -- Mitsubishi Corp. and maritime shipping giant Nippon Yusen will take part in the development of an offshore oil field in the Gulf of Mexico pursued by Royal Dutch Shell. The two Japanese companies will invest around 70 billion yen ($562 m...

  • SingPost in Europe

    Going Dutch logistically

    SINGAPORE -- Singapore Post has announced that subsidiary Famous Holdings has acquired 80% of Rotterdam Harbour Holding (FPS Rotterdam), a Dutch logistics company, for 8.4 million euros ($9.2 million). SingPost intends to develop its logistics ca...

  • Delta vs. ANA

    Intrepid beefs up counterproposal in Skymark battle

    TOKYO -- Intrepid Aviation touted on Wednesday its counterproposal for the rehabilitation of Skymark Airlines, telling other creditors that American carrier Delta Air Lines would be a better sponsor than Japan's ANA Holdings. The U.S. aircraft l...

  • Siding with Samsung

    South Korean antipathy against 'hostile' foreign investors rises

    SEOUL -- The proxy battle between Samsung Electronics and a U.S. hedge fund has rekindled calls for the South Korean government to help businesses ward off hostile moves by foreign investors. "South Korea is a heaven for foreign investors," Lee S...

  • Developing next-gen cars

    Horiba buys UK test-track concern

    OSAKA -- Horiba has acquired British vehicle-testing company Mira, aiming to offer a full range of services to support the development of self-driving vehicles and other next-generation automotive technologies. The Japanese manufacturer of precis...

  • Haneda slots up for grabs

    Delta, ANA to fight for Skymark sponsorship

    TOKYO -- Delta Air Lines' offer to support bankrupt Skymark Airlines marks the beginning of a battle between U.S. and Japanese aviation giants over the budget carrier's valuable landing slots at Haneda Airport. ANA Holdings was the first to put i...

  • San Miguel Corporation

    Conglomerate targets telecom duopoly

    MANILA -- San Miguel, the most diversified Philippine conglomerate, is firming up its telecom arm as it prepares to take on the national duopoly next year. According to a stock exchange filing, San Miguel's board of directors on July 14 approved ...