President started her career as teenage teller in local branch Critics say Kochi Shinkin Bank has lost its way and is acting more like an investment firm than a regional lender. Supporters say it shows that provincial banks can thrive in Japan even as ... ( read original story ...)
Man GLG's Harker: Japan's banking sector has never been better capitalised
Man GLG's Harker (pictured) has increased his exposure to companies where valuations appear attractive to value investors such as himself. This includes banking and iron & steel names, which have underperformed for long periods of time. The manager said ... ( read original story ...)
Japan, China firms eager to enter Phl
MANILA, Philippines - Japanese and Chinese companies are looking at investing and partnering with Philippine firms amid the bright prospects brought about by the sustained growth in the economy. Security Bank Corp. president and CEO Alfonso Salcedo Jr ... ( read original story ...)
Japanese Bank Pulls Out of Geneva
An Asia-based bank is pulling out of Geneva – another blow to the city's ambitions as a finance center. Mitsubishi UFJ Wealth Management will close its Geneva offices, according to an entry published in Switzerland's commercial register. Chairman Antoine ... ( read original story ...)
Nikkei drops led weaker by financials after U.S. yields fall
TOKYO, Feb 23 Japan's Nikkei share average fell on Thursday morning as financial stocks weakened after U.S. yields fell on the cautious tone struck in minutes of the latest Federal Reserve monetary policy meeting. The Nikkei dropped 0.5 percent to 19,290 ... ( read original story ...)
UPDATE 1-Permira-backed sushi chain Sushiro plans up to $730 mln IPO
HONG KONG/TOKYO, Feb 22 Sushiro Global Holdings Ltd ... The shares will start trading on March 30. The IPO will be managed by Nomura Holdings Inc, Morgan Stanley and UBS AG. Permira bought Sushiro in 2012 from Japanese private equity firm Unison Capital ... ( read original story ...)
Nikkei ends flat as yen's retreat halts, capping market
TOKYO Feb 22 Japan's Nikkei share average was little changed on Wednesday, unable to extend a two-day winning run as the yen's retreat against the dollar halted and capped the broader market. Trading was limited with investors staying on the sidelines as ... ( read original story ...)
Permira-backed sushi chain Sushiro plans up to $730 million IPO
The shares will start trading on March 30. The IPO will be managed by Nomura Holdings Inc (8604.T), Morgan Stanley (MS.N) and UBS AG (UBS.N). Permira bought Sushiro in 2012 from Japanese private equity firm Unison Capital for about 80 billion yen ... ( read original story ...)
Private companies take initiative in Japan home-sharing practices
TOKYO -- As the Japanese government seeks to open up more homes to paying customers looking for a place to lodge, the private sector is already busy carving out a place in the developing home-sharing economy. Japan has led the world when it comes to ... ( read original story ...)
Tokyo governor warns of spiralling 2020 Olympics costs
Tokyo (AFP) - Tokyo's governor has warned that the bill for the city's 2020 Olympics could yet spiral out of control despite exhaustive efforts to rein in runaway costs. Governor Yuriko Koike said there was still a danger of costs reaching an eye-watering ... ( read original story ...)
Tokyo stocks fall by break, despite Wall St record
Tokyo stocks lost early gains to end Wednesday morning's session ... Toyota slipped 0.12 percent to 6,470 yen and banking giant Mitsubishi UFJ Financial was down 0.23 percent at 772.2 yen. But Toshiba soared nearly 12 percent to 205.2 yen on expectations ... ( read original story ...)
Japan Has A “Secondary Market” – For Servicing Mobile Games
Mynet Is The Biggest Player In The Secondary Market The most high-profile company in Japan’s Secondary Market is Tokyo-based Mynet (3928), which went IPO in December 2015. The company currently has a market cap of US$250 million, employs 600 people and ... ( read original story ...)
Tokyo shares open higher as automakers, banks rise
A weaker yen generally makes Japanese exports more competitive overseas and lifts the Tokyo market. In share trading, Toyota rose 0.37 percent to 6,456 yen while banking giant Mitsubishi UFJ Financial Group was up 0.61 percent to sit at 772.5 yen. ( read original story ...)
Tokyo shares close up on automaker, bank rally
A weaker yen generally makes Japanese exports more competitive overseas and lifts the Tokyo market. Toyota rose 0.71 percent to 6,478 yen, while banking giant Mitsubishi UFJ Financial Group was up 0.80 percent at 774 yen. Toshiba fell 1.39 percent to 183.7 ... ( read original story ...)
Money-losing Toshiba selling medical leasing unit to Canon
Toshiba said Tuesday it is selling its entire 65 per cent stake in Toshiba Medical Finance Co. to Canon, a Japanese camera maker, effective March 31. Tokyo-based Toshiba has been in talks with Canon since late last year on the sale. Toshiba, which owns U.S ... ( read original story ...)
Saudi favors New York for Aramco IPO, also considers Toronto, London: WSJ
Saudi officials also talked to exchanges in Singapore, Hong Kong, Tokyo and Shanghai but are unlikely to pursue ... Saudi officials expect the IPO to value Aramco at a minimum of $2 trillion. Saudi Arabian Oil Co, known as Saudi Aramco, was not immediately ... ( read original story ...)