Junko's Feed
Mar 7, 2011

Nomura names first woman CFO as part of reshuffle

TOKYO, March 7 (Reuters) – Nomura Holdings Inc (8604.T: Quote, Profile, Research, Stock Buzz),
Japan’s largest brokerage, named Junko Nakagawa as its first
female chief financial officer on Monday as it reshuffles its
management to better compete globally.

Nomura has been adopting management methods of foreign firms
after buying the non-U.S. business of Lehman Brothers (LEHMQ.PK: Quote, Profile, Research, Stock Buzz),
and Nakagawa is the first woman appointed to the role. She
assumes the post on April 1.

Mar 4, 2011

Carlyle says cut size of its Japan fund in 2009

TOKYO, March 4 (Reuters) – Global private equity firm Carlyle
[CYL.UL] reduced the size of its fund designated for Japanese
investments by 50 billion yen ($610 million) to 165.6 billion yen
at the end of 2009 due to a dearth of deals in the country at the
time, a company official said on Friday.

Carlyle, which in 2006 launched the 215.6 billion yen fund,
known as Carlyle Japan Partners ll, cut the size as the country’s
private equity market had dwindled in the wake of the global
financial crisis.

Mar 4, 2011

Takefuji auction deadline pushed back to March 22

TOKYO, March 4 (Reuters) – The deadline for the final round
of bidding for failed Japanese consumer lender Takefuji Corp has
been moved back to March 22 from March 10 to give bidders more
time to assess its value, the court-appointed administrator said
on Friday.

Eiichi Obata, who is in charge of the sale, also said the
lender hopes to find a sponsor as early as the end of March.

Mar 1, 2011

Carlyle to buy Japan bearing firm from Nomura

TOKYO (Reuters) – Carlyle Group said on Tuesday it would buy Japanese bearings parts maker Tsubaki Nakashima Co. from Nomura Holdings in a deal that could be worth around $800 million, the largest buyout in Japan in more than a year.

Nomura said it would sell a 95.56 percent stake in Tsubaki Nakashima to Carlyle, adding that it estimated the company’s value at 66 billion yen ($807 million).

Feb 16, 2011

M.Stanley funds face Tokyo property debt deadline

TOKYO, Feb 16 (Reuters) – Morgan Stanley funds could lose the
keys to two prime office buildings in Tokyo when the debt matures
in the next few months, sources said, the latest fallout from a
series of highly leveraged investments in the run-up to the
financial crisis.

Morgan Stanley (MS.N: Quote, Profile, Research, Stock Buzz) was one of the most aggressive
investors in global property markets during a debt-fuelled boom
that fizzled out in 2008. Japan was one target region for
investments made through funds known as MSREF.

Feb 7, 2011

Japan M&A could get a boost from steel merger

TOKYO (Reuters) – Plans by Nippon Steel Corp and Sumitomo Metal Industries to merge and create the world’s second-largest steelmaker have once again put the spotlight on Japanese companies’ need to combine forces to better compete globally.

Industry consolidation is also needed to boost profitability and tackle the crowded and shrinking markets in Japan.

Feb 7, 2011

Analysis: Japan M&A could get a boost from steel merger

TOKYO (Reuters) – Plans by Nippon Steel Corp (5401.T: Quote, Profile, Research, Stock Buzz) and Sumitomo Metal Industries (5405.T: Quote, Profile, Research, Stock Buzz) to merge and create the world’s second-largest steelmaker have once again put the spotlight on Japanese companies’ need to combine forces to better compete globally.

Industry consolidation is also needed to boost profitability and tackle the crowded and shrinking markets in Japan.

Feb 3, 2011

Nippon, Sumitomo Metal merging to create No.2 steelmaker

TOKYO (Reuters) – Japan’s Nippon Steel Corp (5401.T: Quote, Profile, Research) and Sumitomo Metal Industries plan to merge to create the world’s second-largest steelmaker in an effort to fend off tough competition from Asian rivals and offset shrinking demand from domestic automakers.

The deal, which would likely see Japan’s top steelmaker Nippon Steel acquiring Sumitomo Metal, comes as the industry grapples with surging raw materials prices, exacerbated recently by floods in Australia.

Feb 3, 2011

Nippon, Sumitomo Metal to create No.2 steelmaker

TOKYO (Reuters) – Japan’s Nippon Steel Corp (5401.T: Quote, Profile, Research, Stock Buzz) and Sumitomo Metal Industries (5405.T: Quote, Profile, Research, Stock Buzz) said they would merge next year to create the world’s second-largest steelmaker after ArcelorMittal (ISPA.AS: Quote, Profile, Research, Stock Buzz), aiming to cut costs and accelerate expansion overseas.

The deal, which would likely see the larger Nippon Steel acquiring Sumitomo Metal with a market value of about $11 billion, follows a flurry of consolidation among global steelmakers and comes as the industry grapples with surging raw materials prices, exacerbated recently by floods in Australia.

Feb 3, 2011

Nippon Steel, Sumitomo Metal Inds say plan to merge

TOKYO, Feb 3 (Reuters) – Japan’s Nippon Steel Corp (5401.T: Quote, Profile, Research)
and Sumitomo Metal Industries (5405.T: Quote, Profile, Research) said they would merge next
year to create the world’s second-largest steelmaker after
ArcelorMittal (ISPA.AS: Quote, Profile, Research), aiming to cut costs and accelerate
expansion overseas.

The deal, which would likely see the larger Nippon Steel
acquiring Sumitomo Metal with a market value of about $11
billion, follows a flurry of consolidation among global
steelmakers and comes as the industry grapples with surging raw
materials prices, exacerbated recently by floods in Australia.