Nathan's Feed
Jul 3, 2012

All Nippon Airways plans $2.5 billion capital raising: sources

TOKYO (Reuters) – All Nippon Airways Co (9202.T: Quote, Profile, Research, Stock Buzz) will announce plans on Tuesday to raise about $2.5 billion in an issue of new shares to buy planes and bolster its finances as it faces a resurgent rival Japan Airlines, two sources with knowledge of the matter said.

ANA is aiming to raise the funds, roughly 200 billion yen ($2.52 billion), before Japan Airlines (JAL) launches its initial public offering, slated for September and estimated at around $8 billion, the sources said.

Jul 3, 2012

All Nippon Airways plans $2.5 bln capital raising-sources

TOKYO, July 3 (Reuters) – All Nippon Airways Co
will announce plans on Tuesday to raise about $2.5 billion in an
issue of new shares to buy planes and bolster its finances as it
faces a resurgent rival Japan Airlines, two sources with
knowledge of the matter said.

ANA is aiming to raise the funds, roughly 200 billion yen
($2.52 billion), before Japan Airlines (JAL) launches its
initial public offering, slated for September and estimated at
around $8 billion, the sources said.

Jun 29, 2012

Nomura halves CEO pay in bid to close insider probe

TOKYO (Reuters) – Nomura Holdings admitted to widespread failures in protecting confidential client information on Friday and will slash pay for top executives and shut down an equity sales operation for a week as Japan’s largest brokerage tries to resolve a damaging insider trading probe.

Nomura (8604.T: Quote, Profile, Research, Stock Buzz) said CEO Kenichi Watanabe’s pay would be halved for six months to take responsibility for the brokerage’s third insider trading scandal since he took the helm four years ago. The announcement confirmed the terms of a Reuters report late on Thursday.

Jun 27, 2012

Nomura CEO taken to task over insider probe, keeps job

TOKYO, June 27 (Reuters) – Kenichi Watanabe was re-elected
as CEO of Nomura Holdings on Wednesday, but faced a
series of tough questions from shareholders about the Japanese
broker’s slumping share price and his handling of a protracted
insider trading probe.

The 59-year old bowed in apology at the annual shareholders’
meeting in central Tokyo’s Hotel Okura and vowed to shore up
compliance in the wake of the third insider trading scandal to
rattle the broker since he took the helm in April 2008.

Jun 26, 2012

DEALTALK: Japan Airlines IPO gets tailwind from tax savings

TOKYO, June 27 (Reuters) – As Japan Airlines taxies towards
its initial public offering in September, the airline will pitch
investors on the hard-won cost-cuts and fuel-efficient fleet
that helped it emerge from bankruptcy to become the world’s most
profitable airline.

But investors will also take note of another controversial
boost for the former national flag carrier: the airline won’t
have to pay $4.5 billion in taxes on future profits even though
it owes its survival to a taxpayer-funded restructuring.

Jun 20, 2012

Japan Airlines takes step towards $8 bln IPO, re-listing

TOKYO (Reuters) – Japan Airlines applied on Wednesday to re-list its shares in September after it has raised about $8 billion (5 billion pounds) in an initial public offering, doubling the government’s investment in a rare successful case of state-led restructuring in Japan.

The carrier, which rebounded sharply from bankruptcy and is booking record profits, submitted its application to the Tokyo Stock Exchange after an annual shareholder meeting, a person with knowledge of the matter said.

Jun 20, 2012

Japan Airlines to apply for September relisting after $8 billion IPO: sources

TOKYO (Reuters) – Japan Airlines, targeting to raise roughly $8 billion in the world’s second-biggest initial public offering this year, will apply as early as Wednesday to re-list its shares in September, people with knowledge of the matter said.

The IPO underscores the former national carrier’s emergence from bankruptcy with record profits. The sale will be second in size to social networking giant Facebook’s (FB.O: Quote, Profile, Research, Stock Buzz) $16 billion offering this year, and the seventh-largest ever in Japan in yen terms, according to Thomson Reuters data.

Jun 20, 2012

Japan Airlines to apply for September relisting after $8 bln IPO-sources

TOKYO, June 20 (Reuters) – Japan Airlines, targeting to
raise roughly $8 billion in the world’s second-biggest initial
public offering this year, will apply as early as We dnesday to
re-list its shares in September, people with knowledge of the
matter said.

The IPO underscores the former national carrier’s emergence
from bankruptcy with r ecord p rofits. The sale will be second in
size to social networking giant Facebook’s $16 billion
offering this year, and the seventh-largest ever in Japan in yen
terms, acco rding to Thomson Reuters data.

Jun 19, 2012

Insight: Nomura collides with Japan’s insider trading crackdown

TOKYO (Reuters) – Japanese regulators reached breaking point in March after months of stonewalling by the country’s largest broker, which they suspected of leaking confidential information to clients ahead of share sales.

A trail of evidence in a near 2-year probe into pre-sale tip-offs, the most extensive in Japan for years, had taken investigators deep inside Nomura Securities, part of the 87-year-old group (8604.T: Quote, Profile, Research, Stock Buzz) at the heart of Japan’s capital markets, but the firm’s top executives kept stalling, say people involved in the investigation.

Jun 19, 2012

Nomura collides with Japan’s insider trading crackdown

TOKYO, June 20 (Reuters) – Japanese regulators reached
breaking point in March after months of stonewalling by the
country’s largest broker, which they suspected of leaking
confidential information to clients ahead of share sales.

A trail of evidence in a near 2-year probe into pre-sale
tip-offs, the most extensive in Japan for years, had taken
investigators deep inside Nomura Securities, part of the
87-year-old group at the heart of Japan’s capital
markets, but the firm’s top executives kept stalling, say people
involved in the investigation.