TOKYO, Jul 8 (Reuters) – Customers of Takefuji presented a
plan on Friday to recover the debt that the bankrupt Japanese
consumer lender owes them, saying they want members of the
founding family to inject money into Takefuji to help repay
The group of 265 customers is seeking refunds of overcharged
interest they paid to Takefuji in the past. Takefuji’s business
was crippled by a 2006 legal ruling forcing Japanese consumer
lenders to repay overcharged interest to customers.
TOKYO/WELLINGTON, July 4 (Reuters) – Japan’s Asahi Group
agreed to buy the mineral water and juice business of
Australia’s P&N Beverages for A$188 million ($203 million) and
made an offer for New Zealand drinks maker Charlie’s Group
as Asahi steps up efforts to expand beyond its
shrinking home market.
Asahi pared back its purchase of P&N after a bid to buy the
entire company was blocked by Australia’s competition watchdog,
but analysts said the parts it selected were a good fit for its
TOKYO/WELLINGTON (Reuters) – Japan’s Asahi Group (2502.T: Quote, Profile, Research, Stock Buzz) agreed to buy the mineral water and juice business of Australia’s P&N Beverages for A$188 million ($203 million) and made an offer for New Zealand drinks maker Charlie’s Group CHA.NZ as Asahi steps up efforts to expand beyond its shrinking home market.
Asahi pared back its purchase of P&N after a bid to buy the entire company was blocked by Australia’s competition watchdog, but analysts said the parts it selected were a good fit for its business.
TOKYO, July 1 (Reuters) – Foreign bond investors will file a
plan to liquidate Japanese consumer lender Takefuji Corp to a
local court on Friday, seeking a better recovery from their
investment in the failed lender, two people familiar with the
The plan could derail the decision made by Takefuji’s court
appointed administrator to let Korean consumer lender A&P
Financial rehabilitate the Japanese firm.
TOKYO (Reuters) – Bain Capital said on Tuesday it has launched its second Asia fund, seeking a larger amount than the $1 billion it raised previously, with Japan remaining a key focus despite the devastating blow to the country’s economy from the earthquake in March.
Bain will concentrate on linking up with Japan corporates to pursue overseas acquisitions worth more than 100 billion yen ($1.25 billion), Shintaro Hori, chairman of Bain Capital Japan told the Reuters Rebuilding Japan Summit in Tokyo.
TOKYO (Reuters) – Japan’s industrial, healthcare and technology sectors are the main focus for the Carlyle Group, the co-head of its Japanese unit said, as the firm looks to invest locally in the post-disaster environment in companies with a clear ability to compete abroad.
Carlyle, the only major private equity firm with a Japan-focused, yen-raised investment fund, will concentrate more on companies in the range of 10 billion yen to 40 billion yen ($125 million to $500 million), in the buyout firm’s efforts to keep its Japan investing going at a time when some of its peers are pulling back.
OSAKA, Japan, June 16 (Reuters) – Three months after eastern
Japan was struck by a massive earthquake and tsunami, gloom has
once again settled over Osaka’s long-depressed property market.
After lurching from one recession to the next over the last
two decades, Osaka found a glimmer of hope when institutions and
embassies flocked to the country’s second-largest economic
centre to open emergency offices after the March 11 earthquake.
TOKYO, June 14 (Reuters) – Foreign hedge funds and investors
in high-yield debt are buying Tokyo Electric Power
bonds as they bet Japan’s parliament will enact a law to help
the utility compensate those affected by the crisis at its
nuclear plant and keep it solvent , market experts
While Japanese investors are avoiding the risk of holding
debt issued by the utility known as Tepco, investors in
distressed assets are betting that passage of the law would give
them the opportunity to sell Tepco bonds and take profits, they
TOKYO, June 1 (Reuters) – South Korea’s CJ Group and
Japanese private equity firm Unison Capital are jointly bidding
for Japanese food-additive maker Hayashibara, sources with
direct knowledge of the deal said on Wednesday.
Hayashibara, which failed in February owing 130 billion yen
($1.6 billion) in debt, has been looking for an investor to keep
its business going.
TOKYO (Reuters) – Mitsubishi Estate (8802.T: Quote, Profile, Research) plans to spend $7.4 billion (4.4 billion pounds) in the next three years for investments in Japan and overseas, half of which in Japan’s hottest business district as it wants to keep attracting international tenants, its chief executive said.
The amount is a 50 percent increase over spending for the past three years, with the firm investing about 300 billion yen in developing Tokyo’s Marunouchi business district to help the nation boost its standing as an Asian financial hub.