TOKYO, March 26 (Reuters) – Japanese railway and real estate
group Seibu Holdings said it opposes Cerberus Capital Management
LP’s attempt to increase its stake in the company,
setting up a battle with its largest shareholder.
Seibu on Tuesday asked its shareholders not to sell their
shares to Cerberus.
Cerberus is trying to boost its stake in Seibu by four
percentage points to 36.44 percent, the level at which it could
veto major board decisions, through a tender offer.
TOKYO, March 8 (Reuters) – KKR & Co. LP, Carlyle
Group LP, Bain Capital and other private equity firms
urged Japan’s government on Friday to shrink the role of
state-backed funds, saying they could squeeze out opportunities
for private capital and delay restructuring for troubled
Japan’s two largest state-backed funds have the capacity to
raise up to $37 billion to inject money into Japanese companies.
TOKYO, March 1 (Reuters) – Japanese blue-chip firms, from
electronics giants to brewers, are selling prime real estate to
shore up battered balance sheets, stoking a resurgent property
market. Some are moving into new offices to take advantage of
relatively low rents.
Big downtown office buildings are coming up for sale as
Tokyo’s property market regains growth momentum for the first
time in almost five years, with plenty of interest among buyers,
particularly Japan’s public real estate trusts, experts said.
TOKYO (Reuters) – Sony Corp has sold one of its most prized Tokyo office buildings to Japanese real estate trust Nippon Building Fund Inc and one other investor for 111 billion yen ($1.2 billion), its second high-profile building sale this year.
The 25-storey Sony City Osaki building, completed in March 2011, houses 5,000 of its workers on a site once known as the “holy land” for Japan’s television manufacturing industry, where Sony’s Trinitron TV was launched in 1968.
TOKYO, Jan 10 (Reuters) – Sony Corp has put one of
its main buildings in central Tokyo up for sale in a deal that
could raise up to 100 billion yen ($1.14 billion) as the company
seeks to sell non-core assets to boost its balance sheet, five
people with direct knowledge of the deal said.
Sony is trying to sell the 25-storey Sony City Osaki
building, in what would likely be the biggest office property
deal in more than three years in Japan’s property market, which
has been in the doldrums in the wake of the global financial
IWAKI/KAMAISHI, Japan (Reuters) – Three weeks before Japan’s first national election since the March 2011 earthquake, none of the contenders has managed to win the hearts, and votes, of those hardest-hit by the disaster – with many feeling let down by the entire political class.
Volunteers and donations had poured in after the magnitude 9.0 quake off the northeast coast of Japan’s main island Honshu unleashed a deadly tsunami that killed nearly 19,000 and triggered reactor meltdowns at the Fukushima nuclear plant.
TOKYO (Reuters) – Japan unveiled plans on Friday to list shares of state-owned Japan Post Holdings Co, which runs the country’s biggest savings institution, within three years to raise money to rebuild areas devastated by last year’s quake, tsunami and nuclear crisis.
Postal minister Mikio Shimoji told a news conference that the government’s shares in the company would be sold down in stages, but said he was not yet sure about the scale of the sell-down nor how much money Tokyo could raise.
TOKYO, Oct 26 (Reuters) – Japan unveiled plans on Friday to
list shares of state-owned Japan Post Holdings Co, which runs
the country’s biggest savings institution, within three years to
raise money to rebuild areas devastated by last year’s quake,
tsunami and nuclear crisis.
Postal minister Mikio Shimoji told a news conference that
the government’s shares in the company would be sold down in
stages, but said he was not yet sure about the scale of the
sell-down nor how much money Tokyo could raise.
TOKYO, Oct 23 (Reuters) – Sony Corp plans to shut
operations in a Tokyo office building that houses 8 percent of
its Japan staff, one of the first concrete moves by the
electronics and entertainment company to pave the way for 4,000
The move, part of a still-unfolding restructuring under
Chief Executive Kazuo Hirai, had not been previously disclosed.
TOKYO, Oct 4 (Reuters) – The head of Japan’s Government
Pension Investment Fund (GPIF), the world’s biggest public
pension fund, said it may venture into alternative assets, such
as infrastructure and private equity funds, as an ageing
population puts more stress on the pension system.
Looking around for new and better investment returns is
vital for the fund as for the past three years it has been
paying out more in benefits than it receives in contributions to
the national pension system.