Deals

Solar power in Japan

SoftBank to buy electricity from homes, businesses

TOKYO -- SoftBank will begin buying solar power generated by household and businesses on Monday, paying 1 yen per kilowatt-hour more than power companies. The initiative will begin with customers selling electricity to Tokyo Electric Power and be...

  • Asia-Pacific M&A

    Volume hits record high, China most targeted

    SINGAPORE -- Merger and acquisition volume in the Asia-Pacific region hit a record high for the year-to-date, according to latest statistics from global deal tracking company Dealogic. A total of 8,609 M&A transactions, worth $566.5 billion hav...

  • Buying into Marubeni affiliate

    Big UK fund taking stake in telecom unit

    TOKYO -- British investment fund manager CVC Capital Partners will take a 50% stake in Marubeni group telecommunications affiliate Arteria Networks for roughly 17 billion yen ($143.4 million). CVC will work with Marubeni, which already has a roug...

  • Derivatives trading

    Ueda Yagi Tanshi to partner with Swiss firm

    TOKYO -- Interbank money market broker Ueda Yagi Tanshi will begin handling financial derivatives traded in Japan, including stock options and interest rate swaps, by joining hands with Swiss broker Tradition. A derivatives brokerage will be crea...

  • The changing car industry

    Toyota group to combine brake operations

    NAGOYA -- The Toyota Motor group will integrate braking system operations at two parts suppliers, a move reflecting the new challenges facing automakers in an age of such technology-driven innovations as self-driving cars. Denso plans to transfer...

  • GIC invests in Indonesia

    Singaporean sovereign wealth fund backs Rajawali

    SINGAPORE -- Buoyed by the prospect of economic reforms under the new government that are expected to tap long-term growth potential, the Singaporean sovereign wealth fund GIC is partnering Indonesia's Rajawali Group on property projects. With a ...

  • Corporate streamlining

    Samsung to unload petrochemical, defense businesses

    SEOUL -- Samsung will sell off units in the petrochemical and defense industries, as the group restructures in advance of a leadership handover to a younger generation. The group said Wednesday it will sell four companies, including Samsung Total...

  • Vietnamese retailing

    Citimart plots major expansion with Japan's Aeon

    HANOI -- Supermarket chain Citimart has formed a business partnership with Japanese retailer Aeon, aiming to greatly enlarge its network to 500 stores by 2025. The duo will work to raise the store count 20-fold from current levels under a new nam...

  • Pioneer's rebirth

    Japanese electronics maker eyeing auto-related acquisitions

    TOKYO -- As it sheds all segments other than its automotive equipment business, Pioneer may conduct acquisitions to become an industry leader in that area, the head of the Japanese company told The Nikkei. "We'll consider forming partnerships and...

  • Cleaner coal

    Sumitomo to build advanced power plant in Vietnam

    HANOI -- Sumitomo Corp. plans to construct a coal-fired power plant in Vietnam that emits less carbon dioxide and pollutants than conventional facilities, with an eye on gaining ground on Chinese competitors by offering advanced technologies. Sla...

  • Kyocera gets tough

    Ruggedized smartphones headed to Latin America

    TOKYO -- Kyocera will team up with a U.S. electronics distributor to sell a strategic smartphone in 40 or so Central and South American countries, beginning Canadian sales as well. The Japanese electronics manufacturer is joining forces with Ingr...

  • Skymark, JAL talks

    Code-sharing arrangement still up in air

    TOKYO -- Japan's embattled No. 3 airline, Skymark, is moving to code-share domestic flights connecting Tokyo and regional cities with Japan Airlines, but authorities could block the arrangement. The airlines on Friday acknowledged the negotiation...

  • China auto demand

    Kobe Steel to deepen ties with Austria's voestalpine

    TOKYO -- Japan's Kobe Steel will supply steel sheet to an autoparts factory being built in China by the Austrian steelmaker voestalpine, in a partnership aimed at meeting surging demand. The two steelmakers had entered a technological tie-up in 2...

  • Suntory sheds fitness chain

    Side businesses targeted to pay for Beam purchase

    TOKYO -- Suntory Holdings will hand over health club unit Tipness to Nippon Television Holdings, part of the Japanese beverage giant's effort to unload non-core operations to offset the high cost of acquiring U.S. spirits company Beam this year. ...

  • Indonesian bank sell-off

    Japan's J Trust snaps up ailing lender in controversial takeover

    JAKARTA -- Japanese finance company J Trust on Thursday said it completed the purchase of a 99% stake in Indonesian lender Bank Mutiara, formerly known as Bank Century, for 4.41 trillion rupiah ($350 million). The deal, completed just two months ...

  • Xiaomi's content push

    Smartphone star buying into search giant's video-streaming unit

    BEIJING -- Chinese smartphone manufacturer Xiaomi will invest 1.8 billion yuan ($294 million) in a video-streaming operation of search engine compatriot Baidu, with plans for developing content together. Xiaomi and a group investment fund plan to...

  • Delhi-Mumbai Industrial Corridor

    Japan's Sojitz wins railway contract

    TOKYO -- Japanese trading house Sojitz has received a 50 billion yen ($425 million) order from the Indian government to install power equipment for the Delhi-Mumbai cargo railway system. The project will cover 915km connecting the Haryana state c...

  • Actavis deal

    Mizuho helping with $45B bridge loan for Allergan takeover

    TOKYO -- Mizuho Bank is joining JPMorgan Chase and Wells Fargo in financing Actavis' purchase of fellow U.S. drugmaker Allergan, a sign of Japanese lenders' rising prominence in the deals business. The three banks will provide a $45 billion bridg...

  • Nojima to buy ITX

    Japanese electronics retailer hopes smartphone chain buoys its sluggish sales

    TOKYO -- Nojima, one of Japan's big electronics retailers, appears set to acquire mobile phone chain ITX, sources told The Nikkei on Tuesday. The acquisition would be an attempt to use mobile phone sales to offset home appliance sales, which have bee...

  • Toray flying high

    New Boeing deal buoys Japanese carbon fiber king

    TOKYO -- Toray Industries is riding an updraft with its megadeal to supply carbon fiber to Boeing, savoring an unprecedented growth opportunity that has arrived after many years of struggle developing the material. Toray and Boeing announced the ...