Deals

Deals

Ajinomoto to buy out instant-coffee unit

TOKYO -- Japan's Ajinomoto said Friday it will take full control of a long-standing domestic joint venture that makes instant coffee, a move that will let it brew up fresh competition for market leader Nestle. It will buy the half of Tokyo-based ...

  • New infrastructure

    India favors Japan's bullet train tech for railway

    NEW DELHI -- Japan's "shinkansen" bullet train technology is the leading candidate for a planned 500km railway linking Mumbai and the state of Gujarat, the first step in India's extensive high-speed rail project. The Indian and Japanese governmen...

  • Eyeing growth

    Nikon to purchase UK medical instrument maker

    TOKYO -- Nikon is taking the plunge into the medical equipment field by acquiring British company Optos, the world's leading manufacturer of retinal imaging devices. Under an offer announced Friday, the Japanese company will spend 260 million pou...

  • European foothold

    NTT unit to buy German data center operator

    TOKYO -- NTT Communications entered into the final stages of negotiations Friday to acquire German data center operator e-shelter, aiming to tap growing demand in Europe for secure data storage amid reports of U.S. surveillance. The purchase is e...

  • Hitachi has a dream

    Smart railroads today, smart cities tomorrow

    TOKYO -- Hitachi, the Japanese electronics and heavy machinery conglomerate, thinks it is on track to becoming a major player in the global infrastructure industry. At the very least, it went a little further along that path Tuesday when it offi...

  • Strong fit

    Nisshinbo to buy Japan's largest shirt retailer

    TOKYO -- Nisshinbo Holdings will buy Tokyoshirts, Japan's largest manufacturer-retailer of men's shirts, for several billion yen in a push to capitalize on growing demand for high-function apparel. Nisshinbo plans to acquire all outstanding share...

  • More M&As planned

    Cheung Kong net profit rose 53% in 2014

    HONG KONG -- Hong Kong conglomerate Cheung Kong Holdings on Thursday announced that its net profit for the year ended December 2014 jumped 53% on the year to HK$53.8 billion ($6.93 billion) as a result of listing a group power company on the Hong Kon...

  • Overseas expansion

    Mizuho buying RBS' North American loan assets

    TOKYO -- Mizuho Financial Group announced Thursday it will acquire the North American loan portfolio of Royal Bank of Scotland for $3.2 billion, the latest instance in which a Japanese financial services company and a European rival trade places. ...

  • Japanese airlines

    ANA not looking to take full control of Skymark

    OSAKA -- All Nippon Airways does not plan to take a controlling stake in Skymark even if it is chosen to sponsor the ailing carrier's rehabilitation, ANA President Osamu Shinobe told The Nikkei on Thursday. ANA has submitted a proposal for capita...

  • A foot in the door

    Taiyo Life to support medical insurance debut in Myanmar

    YANGON -- Taiyo Life Insurance is partnering with Myanmar's Finance Ministry to develop the country's first medical insurance policies. The insurance will cover a portion of costs in the event of long-term hospitalization due to illness or injury...

  • Seizing opportunity

    Mizuho seeking to buy RBS North American loan unit

    TOKYO -- Japan's Mizuho Financial Group is in the final stages of negotiations to acquire the Royal Bank of Scotland's commercial lending business in North America. The price tag is estimated at several hundred billion yen. Demand for loans i...

  • Executive interview

    Aeon's new Tokyo-area supermarket company aims for 30 billion yen profit in 6 years

    TOKYO -- The new unit created by Aeon to integrate three Tokyo-area supermarket operators will aim for an operating profit of 30 billion yen ($250 million) in fiscal 2020, the head of the new corporation told The Nikkei. United Super Markets Hold...

  • Growth strategy

    Takeda Pharmaceutical to buy Turkish drugmaker

    TOKYO -- Takeda Pharmaceutical will buy a Turkish drugmaker for up to 300 million lira ($121 million), the latest move to expand its drug portfolio. Takeda GmbH, the Japanese company's German unit, will buy all shares in Toplam Kalite, a subsidia...

  • Expanding in Africa

    Tokio Marine & Nichido to tie up with South Africa's Hollard

    TOKYO -- Tokio Marine & Nichido Fire Insurance will enter a partnership with South Africa's Hollard Insurance Group to gain a foothold in the relatively untouched African market. Established in 1980, the Hollard group offers life and nonlife insu...

  • Renewable energy

    Mitsubishi Heavy makes headway for offshore wind farm project in UK

    TOKYO -- Mitsubishi Heavy Industries will likely secure a deal to supply offshore wind turbines for a major wind farm expansion in the U.K., with the order potentially reaching 50 billion yen ($416 million). Dong Energy of Denmark aims to triple ...

  • Japanese equities

    Asahi Kasei touches 25-year-high on acquisition news

    TOKYO -- Shares in Asahi Kasei briefly reached the highest level in 25 years Tuesday after the Japanese chemical company announced an acquisition that will give it much-needed reinforcement in the market for a key automotive battery component. Am...

  • Playing offense and defense

    ANA bids for Skymark rehabilitation despite likely 5-year limit

    TOKYO -- ANA Holdings made an offer Monday to support Skymark's rehabilitation process, even though authorities likely will impose a time limit on the deal to maintain market competition. "We want to contribute to the healthy development of a dom...

  • Bulking up

    Hitachi to buy Italian rail business for more than $2B

    TOKYO -- Hitachi has landed a deal to buy the railway business of Italy's Finmeccanica for a sum seen exceeding 250 billion yen ($2.08 billion), according to a source familiar with the matter. This will mark Hitachi's biggest acquisition ever, ec...

  • Reconstruction takes off

    Domestic, foreign airlines eyeing tie-up with Skymark

    TOKYO -- Japanese and foreign carriers are making overtures to help troubled Skymark Airlines get back on its feet, hoping to gain access to lucrative routes out of a central Tokyo airport. Skymark controls 36 daily takeoff and landing slots at H...

  • Integrating services

    Mitsubishi UFJ Financial Group to restructure securities division

    TOKYO -- Mitsubishi UFJ Financial Group will reconfigure its brokerage unit with Mitsubishi UFJ Securities Holdings atop, aiming to integrate brick-and-mortar and online services. To that end, Mitsubishi UFJ Securities will boost its stake in kab...