Junko's Feed
Oct 28, 2015

Japan investment bank Nomura’s quarterly profit slides on market turmoil

TOKYO (Reuters) – Nomura Holdings Inc (8604.T: Quote, Profile, Research, Stock Buzz) said on Wednesday its quarterly net profit fell 12 percent as Japan’s top investment bank was hurt by volatility in global markets caused by China’s economic slowdown and worries about U.S. interest rates rising.

On a quarter-on-quarter basis, which shows the impact of the volatility more clearly, its net profit tumbled 32 percent and net revenue slid 21 percent as Japanese investors shunned funds and the stock market and low interest rates hit foreign bond sales.

Oct 28, 2015

Japan’s Hulic to buy Simplex for $1.3 billion, to sell some assets: source

TOKYO (Reuters) – Japanese developer Hulic Co will buy Tokyo-based Simplex Investment Advisors for about 155 billion yen ($1.3 billion) but only plans to keep the firm’s properties and will sell its other assets, a person involved in the deal said on Wednesday.

Hulic, which outbid China’s Anbang Insurance Group Co to purchase Simplex from U.S.-based investment fund Aetos Capital Real Estate, has been aggressively expanding its property developments and acquisitions in Japan.

Oct 8, 2015

Norway sovereign wealth fund to invest in prime Tokyo office property -official

TOKYO, Oct 8 (Reuters) – Norway’s Norges Bank Investment
Management, which runs the world’s largest sovereign wealth
fund, will target prime Tokyo office buildings as it starts to
invest in Japan, the fund’s chief investment officer for real
estate said on Thursday.

The fund, built on Norway’s oil and gas revenues with $880
billion in assets, will seek local partners to co-invest in
Tokyo, said Karsten Kallevig, speaking in an interview as the
fund launched operations in Tokyo. The fund’s operational rules
were only recently changed to permit property investments
outside Europe.

Oct 6, 2015

Tepco to meet investors this month for planned $2.75 bln bond sale-sources

TOKYO, Oct 6 (Reuters) – Tokyo Electric Power Co
will start meeting potential investors this month for a bond
issue that targets raising 330 billion yen ($2.75 billion),
people involved in the deal said, in what will be the utility’s
first bond sale since the 2011 Fukushima nuclear disaster.

The proceeds will be used to repay debt which soared as
Tepco, the operator of the wrecked Fukushima plant, battled to
clean it up, the people said. The bond sale, which will be done
in tranches in the business year starting in April 2016, has
already been flagged by Tepco.

Sep 11, 2015

Japan chooses group led by Maeda to run Sendai Airport

TOKYO, Sept 11 (Reuters) – Japan has selected a group led by
general contractor Maeda Corp and railway operator
Tokyu Corp to operate the Sendai Airport in northern
Japan, the government said.

The group will now negotiate final details of the deal with
the government to run the airport, which was hard hit by the
earthquake and tsunami in 2011. The final agreement will be made
by the end of this year, said an official at the Ministry of
Land, Infrastructure, Transport and Tourism at a media briefing.

Aug 7, 2015

China’s Anbang Insurance to make over $1 billion bid for Japan’s Simplex – sources

TOKYO/BEIJING (Reuters) – China’s Anbang Insurance Group Co is bidding to buy Japanese property asset manager Simplex Investment Advisors, four people with knowledge of the bid said, in a deal that could top $1 billion.

If successful, Simplex would be Anbang’s first real estate foray into Japan where the market has been booming on the back of the economic stimulus policies of Prime Minister Shinzo Abe.

Aug 7, 2015

China’s Anbang Insurance to make over $1 bln bid for Japan’s Simplex-sources

TOKYO/BEIJING, Aug 7 (Reuters) – China’s Anbang Insurance
Group Co is bidding to buy Japanese property asset manager
Simplex Investment Advisors, four people with knowledge of the
bid said, in a deal that could top $1 billion.

If successful, Simplex would be Anbang’s first real estate
foray into Japan where the market has been booming on the back
of the economic stimulus policies of Prime Minister Shinzo Abe.

Aug 3, 2015

Blackstone, Fortress among bidders for Japan’s Simplex-sources

TOKYO, Aug 3 (Reuters) – U.S. investment funds Blackstone
Group, Fortress Investment Group and Elliot
Management are among those shortlisted for the second round of
bidding to buy Japan’s Simplex Investment Advisors in a deal
that could top $1 billion, three people with knowledge of the
transaction said.

Japanese property firms Hulic Co and Kenedix Inc
were also shortlisted, the sources told Reuters, asking
not to be identified because the process is not public.

Jul 29, 2015

Tourism boom drives Japan to convert offices into hotels

TOKYO, July 30 (Reuters) – Record tourists to Japan are
stretching the ability of hotels to accommodate them in a sector
constrained by high costs, forcing developers to think out of
the box for means to quickly increase lodging options without
breaking the bank.

Japan is on target this year to beat the record 13.4 million
visitors in 2014, helped by a weak yen and easier visa
requirements for some Asian countries. The government is aiming
to attract 20 million visitors by 2020, when Tokyo hosts the
Olympics, to revitalise the world’s third-biggest economy.

Jul 29, 2015

Nomura’s quarterly net profit more than triples on stocks boom

TOKYO, July 29 (Reuters) – Japanese brokerage Nomura
Holdings’s first-quarter net profit more than tripled
as strong demand from customers to trade domestic stocks boosted
its commissions.

But, like for many of its global peers, weak fixed income
trading operations hurt Nomura’s wholesale business. The tough
market conditions that led to the fixed income weakness could
impact Nomura’s stated plans to turn its overseas business
profitable this year.