Isabel's Feed
Jan 18, 2012

Japan’s Fujifilm calls for Swiss-style yen

TOKYO (Reuters) – Fujifilm Holdings President Shigetaka Komori wants a Swiss-style cap on the yen to help Japanese firms, he said in an interview on Wednesday, adding his voice to a growing chorus of executives, including Nissan’s Carlos Ghosn.

Komori also said diversification had helped protect Fujifilm from meeting a fate like that of photographic film pioneer Eastman Kodak, which is preparing a Chapter 11 bankruptcy protection filing in case it is unable to sell its digital patents to raise capital, a report said earlier this month.

Jan 18, 2012

Japan’s Fujifilm calls for Swiss-style yen policy

TOKYO (Reuters) – Fujifilm Holdings President Shigetaka Komori wants a Swiss-style cap on the yen to help Japanese firms, he said in an interview on Wednesday, adding his voice to a growing chorus of executives, including Nissan’s Carlos Ghosn.

Komori also said diversification had helped protect Fujifilm from meeting a fate like that of photographic film pioneer Eastman Kodak, which is preparing a Chapter 11 bankruptcy protection filing in case it is unable to sell its digital patents to raise capital, a report said earlier this month.

Jan 18, 2012

Japan’s Elpida to seek equity tie with Micron -report

TOKYO, Jan 18 (Reuters) – Elpida Memory will
seek an equity tie-up with U.S. rival Micron Technology,
a newspaper said on Wednesday, as the Japanese firm confronts
mounting pressure from approaching debt repayments and a
deteriorating memory chip market.

Analysts said a deal with Micron, one of several potential
partners to emerge in media speculation about Japan’s last
remaining player in PC memory chips, would be a sensible choice
as Elpida struggles to survive in competition with South Korean
giants.

Jan 16, 2012

Analysis: Swift takeover for Olympus unlikely

TOKYO (Reuters) – Olympus Corp should be the easiest of takeover targets: a profitable business with its share price in tatters, its management in utter disgrace and its balance sheet in need of fresh capital. But not in Japan.

The long-term approach of major Japanese investors like banks and life insurers, combined with an aversion to foreign and hostile takeovers and uncertainty over lawsuits stemming from the $1.7 billion accounting scandal, will likely make any change of ownership at Olympus a gradual process.

Jan 16, 2012

For rudderless Olympus, swift takeover is unlikely

TOKYO (Reuters) – Olympus Corp (7733.T: Quote, Profile, Research) should be the easiest of takeover targets: a profitable business with its share price in tatters, its management in utter disgrace and its balance sheet in need of fresh capital. But not in Japan.

The long-term approach of major Japanese investors like banks and life insurers, combined with an aversion to foreign and hostile takeovers and uncertainty over lawsuits stemming from the $1.7 billion accounting scandal, will likely make any change of ownership at Olympus a gradual process.

Jan 16, 2012

Analysis: For rudderless Olympus, swift takeover is unlikely

TOKYO (Reuters) – Olympus Corp should be the easiest of takeover targets: a profitable business with its share price in tatters, its management in utter disgrace and its balance sheet in need of fresh capital. But not in Japan.

The long-term approach of major Japanese investors like banks and life insurers, combined with an aversion to foreign and hostile takeovers and uncertainty over lawsuits stemming from the $1.7 billion accounting scandal, will likely make any change of ownership at Olympus a gradual process.

Jan 4, 2012

Toshiba denies report of possible Elpida merger

TOKYO (Reuters) – Toshiba Corp (6502.T: Quote, Profile, Research, Stock Buzz) on Wednesday denied it was considering merging with troubled chipmaker Elpida Memory (6665.T: Quote, Profile, Research, Stock Buzz), after a report in the Taiwanese trade publication DigiTimes said the two firms were in talks on such a deal.

The report, which pushed Elpida’s shares up 5.6 percent in morning trade, is the latest in a series about possible survival plans for Japan’s last remaining player in the dynamic random-access memory (DRAM) market, as it battles tumbling prices and loss of market share to South Korea’s better-funded giants.

Dec 26, 2011

Too early to say if it will invest in Olympus – Fujifilm

TOKYO (Reuters) – Japan’s Fujifilm Holdings (4901.T: Quote, Profile, Research) is watching developments at scandal-ridden Olympus Corp (7733.T: Quote, Profile, Research) but it is too early to say if it will invest in the rival endoscope maker, a senior executive told Reuters in an interview on Monday.

Fujifilm, a film and camera maker that has been diversifying into medical equipment and pharmaceuticals, as well as Sony Corp (6758.T: Quote, Profile, Research) and Panasonic Corp (6752.T: Quote, Profile, Research) were named by a newspaper last week as potential investors in Olympus. The report said Olympus was seeking to replenish its capital base by issuing $1.3 billion (834 million pounds) in preferred shares.

Dec 26, 2011

Fujifilm: too early say if it will invest in Olympus

TOKYO (Reuters) – Japan’s Fujifilm Holdings is watching developments at scandal-ridden Olympus Corp but it is too early to say if it will invest in the rival endoscope maker, a senior executive told Reuters in an interview on Monday.

Fujifilm, a film and camera maker that has been diversifying into medical equipment and pharmaceuticals, as well as Sony Corp and Panasonic Corp were named by a newspaper last week as potential investors in Olympus. The report said Olympus was seeking to replenish its capital base by issuing $1.3 billion in preferred shares.

Dec 22, 2011

Elpida seeks tie-up with Taiwanese rival Nanya: report

TOKYO/TAIPEI (Reuters) – Japanese chipmaker Elpida Memory Inc will start tie-up talks next month with Taiwanese rival Nanya Technology Corp, with a view to a possible merger, the Nikkei business daily said on Thursday.

The report comes as Japan’s last remaining player in the dynamic random-access memory (DRAM) market struggles with tumbling prices and loss of market share to South Korea’s better-funded giants.