Junko's Feed
Mar 2, 2012

Japan’s post-tsunami test: making a rebuilding boom last

YAMADA, Japan, March 2 (Reuters) – Shigeo Osugi walks
around concrete foundations where his coastal town restaurant
“Migoto” stood before a towering tsunami washed it away last
year.

“I will stay in Yamada because I have friends here and they
supported me for a long time,” he says, pointing to the area
that was once the kitchen where he and his two sons prepared
meals for up to 100 customers.

Feb 24, 2012

Carlyle hires Nomura, Goldman for Tsubaki Nakashima IPO-sources

TOKYO, Feb 24 (Reuters) – Private equity firm Carlyle
Group has hired Nomura Holdings Inc and
Goldman Sachs to handle the initial public offering of
Japanese ball bearing maker Tsubaki Nakashima Co in a deal that
could be worth at least 70 billion yen ($873 million), sources
with knowledge of the matter said.

The global offering could be launched as early as June,
depending on market conditions, the sources said. It would
likely rank as the largest IPO in Japan since online gaming firm
Nexon Co sold 98 billion yen worth of shares in
December.

Feb 10, 2012

Unison in final round of bidding for Japan drugmaker -sources

TOKYO, Feb 8 (Reuters) – Japanese private equity firm
Unison Capital is among companies in the final round of bidding
for Japan drugmaker Showa Yakuhin Kako Co, a deal that could be
worth around 50 billion yen ($650 million), four people familiar
with the transaction said.

Unison, which manages one of the largest private equity
funds in Japan, has joined hands with the country’s GC Corp, a
maker of dental care materials, to bid for the generic drugs
company, they said.

Feb 6, 2012

Japan’s stay-at-home firms finally spread their wings

TOKYO (Reuters) – Japanese companies are again venturing offshore, and this time a new breed of business is striking deals overseas.

Japan Inc splurged a record $70 billion (44.4 billion pounds) on foreign acquisitions last year, taking advantage of a strong yen, big cash reserves, attractive valuations and some willing sellers, especially in Europe.

Feb 6, 2012

Analysis: Japan’s stay-at-home firms finally spread their wings

TOKYO (Reuters) – Japanese companies are again venturing offshore, and this time a new breed of business is striking deals overseas.

Japan Inc splurged a record $70 billion on foreign acquisitions last year, taking advantage of a strong yen, big cash reserves, attractive valuations and some willing sellers, especially in Europe.

Jan 19, 2012

Japan Unison cuts fund by quarter to $1.4 bln -sources

TOKYO, Jan 19 (Reuters) – Japan’s Unison Capital cut
the size of one of the largest private equity funds in Japan by
around a quarter to 107 billion yen ($1.4 billion) in October
due to limited opportunities for new deals, two sources familiar
with the matter said.

Some private equity firms have scaled back their operations
in Japan in the aftermath of the financial crisis sparked by the
collapse of Lehman Brothers in 2008.

Dec 28, 2011

Japan’s Takefuji names J Trust as sponsor

TOKYO, Dec 28 (Reuters) – Bankrupt consumer lender
Takefuji said on Wednesday it had chosen Japanese nonbank
financial group J Trust as its new investor after A&P
Financial cancelled its sponsorship.

J Trust had previously been among bidders to buy Takefuji
but withdrew in April citing lack of transparency in the
process. J Trust said on Wednesday it would inject 25.2 billion
yen ($324 million) into Takefuji.

Dec 12, 2011

TPG in talks with Japan’s Takefuji on fund injection -sources

TOKYO, Dec 12 (Reuters) – Private equity firm TPG
Capital LP is in talks with failed Japanese consumer
lender Takefuji about a possible injection of funds as the
current investor in Takefuji has not made payments for its
acquisition, two people with direct knowledge of the matter
said.

A Japanese court approved a rehabilitation plan for Takefuji
in October that allowed South Korean consumer lender A&P
Financial to invest in it, but the Korean firm has been
struggling to raise money, the sources said, asking not to be
identified because the information is not public.

Dec 7, 2011

Deutsche Bank cuts 20 bankers in Japan -sources

TOKYO, Dec 7 (Reuters) – Deutsche Bank has
cut about 20 bankers in Japan, nearly a third of its investment
banking staff in the country, due to a sluggish economic outlook
and a slowdown in deals, people with knowledge of the matter
said.

The cuts are part of Deutsche Bank’s plan, announced in
October, to shelve about 500 jobs, mainly outside Germany.

Nov 29, 2011

Tokyo retains title as Michelin’s gourmet capital

TOKYO, Nov 29 (Reuters) – Tokyo retained the title of
the world’s gourmet capital on Tuesday, when the Michelin guide
awarded it more stars than any other city for the fifth year in
a row.

Tokyo restaurants also won more top awards than last year
with 16 given the three-star rating, which Michelin defines as
“exceptional cuisine, worth a special journey”. That is two more
than last year and compares with 10 for Paris.