Business deals

An Ito-Yokado store in the Tokyo suburbs. (Photo by Jun Takai)
A national security review of Nippon Steel's purchase of U.S. Steel is expected to be completed by the end of the year.
Business deals

U.S. Steel deal review called into question over independence concerns

Republicans urge agencies to preserve documents related to CFIUS query

Copeland CEO Ross Shuster and Daikin CEO Masanori Togawa at a news conference in Tokyo on Nov. 26. (Photo by Narushi Nakai)
Business deals

Daikin joins forces with U.S. AC parts maker Copeland

Japanese air-conditioning group to supply energy-saving inverter technology

Caecilia Chu, Chief Executive Officer of Singapore-based foreign exchange digital wallet YouTrip, met New York Stock Exchange executives as she plans the route to an IPO for her fintech startup. (Photo courtesy of Caecilia Chu)
ASEAN Money

Singapore's YouTrip CEO unveils route to IPO for FX digital wallet

Harvard alum Caecilia Chu wants profitable startup to grow from ASEAN to APAC

26 November 2024
"Until such time when the accusations against the Adani Group individuals and their consequences have been clarified, TotalEnergies will not make any new financial contribution," the French company said in a statement.
Adani Group

Total pauses business with Adani Group following U.S. indictment

French energy company says it 'was not made aware of' investigation

25 November 2024
Acquiring all the shares in the Japanese owner of the 7-Eleven retail chain would likely cost more than $47 billion. (Photo by Akira Kodaka)
Business deals

Seven & i founding family sounds out KKR, other U.S. investors on going private

Bain Capital, Apollo Global Management and Blackstone have also been approached

23 November 2024
Sky is the developer of Skysea Client View, a security software that monitors business computers. (Photo by Nikkei)
Business deals

Japan's Daiwa Securities to invest $65m in software developer Sky

Financial group seeks partner to offer new IT services

23 November 2024
Alimentation Couche-Tard's takeover bid for Seven & i, the Japanese owner of the 7-Eleven convenience store chain, is valued at $47 billion. (Photo by Akira Kodaka and AP)
Business deals

Hostile takeover for 7-Eleven owner 'not in the plan,' says Couche-Tard's chairman

Counterproposal by Seven & i's founding family leaves ownership battle uncertain

22 November 2024
The global aviation industry is on track for continued growth. (Source photos by Nikkei)
Wealth Management

Japan's Daiwa Securities enters aircraft leasing to bolster wealth management

Financial group to buy 50% stake in local unit of Airborne Capital

22 November 2024
A Starbucks in Shanghai. The company is reportedly considering selling a stake in the Chinese operations. (Photo by Wataru Suzuki)
Business deals

Starbucks exploring sale of stake in China business

U.S. chain says it is eyeing 'strategic partnerships' under new CEO

21 November 2024
Taiwan's Foxconn says it remains committed to its global electric vehicle ambitions even as it reins in some of its targets for the sector.
Electric vehicles

Thailand's PTT looks to cut its stake in EV venture with Foxconn

Thai oil giant says Chinese competition has forced it to rethink project

21 November 2024
Apple looks to invest $100 million in Indonesia so that the government will let the company sell its iPhone 16 series there. (Source photos by Reuters and Yuki Kohara)
Business deals

Apple to invest $100m in Indonesia, hoping to unlock iPhone 16 sales

Pushed by Jakarta, tech giant proposes sum 10 times larger than previous offer

20 November 2024
Seibu's Tokyo Garden Terrace Kioicho complex is located in central Tokyo near parliament. (Photo by Seibu Holdings/Kyodo)
Property

Blackstone wins first-negotiation rights for $2.6bn Tokyo deal

Seibu's sale of mixed-use Tokyo complex is part of a new corporate strategy

20 November 2024
Sony Group is in talks to acquire publisher Kadokawa as part of its its strategy of amassing intellectual property for entertainment products.
Business deals

Sony in talks to acquire Japan publisher behind Elden Ring

Potential Kadokawa deal to advance entertainment group's content buildup

20 November 2024
Japan's Nippon Steel has been facing an uphill battle in its attempt to acquire U.S. Steel.
Companies

Nippon Steel won't import to America in bid to save U.S. Steel deal

Japanese company makes promise in letter to United Steelworkers union members

19 November 2024
After the battle between Bain and KKR, Fuji Soft will be delisted once the buyout is completed. (Source photos by Nikkei)
Business deals

KKR fends off Bain in buyout battle for Fuji Soft

U.S. investment fund raises bid to 1 yen more than rival's

15 November 2024
Seven & i Vice President and founding family member Junro Ito, left, and Alimentation Couche-Tard founder and Executive Chairman Alain Bouchard. (Source photos by Nikkei)
Business deals

Seven & i acquisition drama jolted by founding family buyout twist

Both acquisition proposals face funding, regulatory hurdles

15 November 2024
The heads of Japan's three megabanks said they will watch for signs of economic stress if inflation remains elevated, warning that borrowers might struggle with higher costs. (Photo by Nanami Sato)
Finance

Japan megabanks log record profits and lift forecasts amid MBO boom

Bank chiefs anticipate further BOJ rate hikes following Trump's election

14 November 2024
Vietnam Airlines' current narrowbody fleet consists of only Airbus planes. 
13 November 2024
VinFast shows off an electric sport utility vehicle at CES 2024.
Electric vehicles

EV maker VinFast gets $3.5bn from parent and founder to break even in 2026

Vingroup arm further delays U.S. factory by four years, targeting 2028

13 November 2024
Japanese electronics retailer Nojima is set to buy Vaio, Sony Group's former PC unit, in a deal expected to be worth around $70 million. (Photo by Keiichi Furukawa)
11 November 2024
An employee packs goods at Goto's e-commerce unit Tokopedia's warehouse in Jakarta.
Business deals

GoTo, Tencent, Alibaba agree on cloud infrastructure development

Indonesian tech firm says deals reached, witnessed by Prabowo in China

10 November 2024
Kawasaki Motors and Itochu will establish a joint venture financing unit in the U.S.
Business deals

Kawasaki Motors joins with Itochu to expand U.S. motorcycle sales

Japan trading house takes 20% stake in Kawasaki Heavy subsidiary

9 November 2024
Russia's Yandex plans to widen its search engine platform in Indonesia, according to a statement.
Business deals

Russia's Yandex intends to invest in Indonesia's AI, minister says

Internet group's plans come after Microsoft and Nvidia raise investment in archipelago

8 November 2024
Grandwork Interior handles interiors for luxury stores in Southeast Asia. (Grandwork Interior)
Business deals

Japan builder Shimizu acquires Singapore luxury interior firm

Move meant to realize growth in Southeast Asia amid slow market at home

8 November 2024
Nippon Steel Vice Chairman Takahiro Mori speaks during a news conference in Tokyo on Nov. 7. (Yutaka Miyaguchi)
Business deals

Nippon Steel confident U.S. Steel buyout to gain approvals by year-end

Executive says politically fraught deal can proceed with U.S. election now over

7 November 2024
KKR and Bain Capital are going toe-to-toe to acquire Japanese systems developer Fuji Soft. (Source photos by screenshot from Fuji Soft's website and Yukinori Okamura)
Business deals

KKR acquires 34% of Fuji Soft shares in bid to fend off rival Bain

U.S. funds battling to take Japanese systems company private

7 November 2024
Nidec aims to become a top player in machine tools. (Photo by Eisaku Nitta)
Business deals

Japan's Nidec on hunt for machine tool acquisition, possibly European

Group eyeing targets with $330m in sales, unit head says

6 November 2024
AOC has a high market share in niche chemicals used in coatings, adhesives and other industrial products. (Nippon Paint)
Business deals

Nippon Paint to acquire U.S. chemical maker AOC

Japanese company to pay $2.3bn for 100% stake in Tennessee-based firm

29 October 2024
Subway CEO John Chidsey, left, and Watami President Miki Watanabe at a press conference in Tokyo on Oct. 25. (Photo by Satoko Kawasaki)
Food & Beverage

Watami acquires Subway's Japan operations in fast-food pivot

Company looks to move past izakaya pubs to find long-term growth

26 October 2024