Japanese retail investors ramped up their buying of foreign securities via toshins, or investment trusts, this month after they sold a large amount in December ahead of a capital gains tax hike, according to Nomura.
Japan
Sony Corp says report on possible joint venture with Lenovo Group inaccurate
Sony Corp said the NHK report that it was talking Chinese technology firm Lenovo Group about a joint venture for its Vaio business abroad was not accurate but did say that it was thinking of possibilities for the loss-making unit, Reuters reported.
SEB Asset Management buys Tokyo's Primegate for €39M
European real estate asset manager SEB Asset Management bought ten-storey office and commercial structure Primegate, which is valued at JPY 5.5 billion (around €39 million).
Nintendo Co to consider new businesses after consumers snub Wii U console
After consumers gave its Wii U console the brush off, Nintendo Co is considering other businesses such as its healthcare-related entertainment business while not losing its focus on hardware and software, Bloomberg reported.
Cygames invests $680K in Japanese indie game Airship Q
Japan-based games developer Cygames, the creator of top-grossing mobile game Rage of Bahamut, invested around $680,000 (JPY70 million) in Miracle Positive, the developer of Japanese indie game Airship Q.
Latest News
As Nintendo's sales of Wii U flopped, Japanese video game machines maker Nintendo Co is under pressure to think about abandoning its hardware operations, Bloomberg reported.
Softbank Corp is reportedly in discussions with T-Mobile owner Deutsche Telekom AG to thresh out obstacles for a potential T-Mobile acquisition, according to sources interviewed by Bloomberg.
New York, US-based private equity firm Cerberus Capital Management LP decided to exit its entire majority interest in Japan-based property operator Kokusai Kogyo Co in a deal valued between $1.25 billion to $1.34 billion.
Beverage companies who want to get a piece of the pie in the fast-growing instant coffee market in Asia will find that the best firm for a takeover would be Super Group Ltd, Bloomberg reported.
Toshiba Corp, an engineering firm based in Japan, announced that it would be acquiring a 60% stake in NuGeneration Ltd, the nuclear joint venture of GFD Suez and Iberdrola, Bloomberg reported.
Japan-based railway and hotel group Seibu Holdings Inc and top shareholder Cerberus Capital Management LP agreed on a Tokyo listing for the Japanese firm in April, according to sources familiar with the situation.
Centerview Partners is set to split fees reaching $90 million with two other banks involved in the transaction between Beam Inc and Suntory Holdings Ltd, Bloomberg reported.
Japan-based beverage firm Suntory Holdings Ltd announced that it would add US-based spirits company Beam Inc in a $13.6-billion cash deal to facilitate overseas growth for the Japanese firm.
Nomura Holdings Inc, through Nomura Asset Management, will be purchasing ING Securities Investment & Trust Co, the Taiwanese investment unit of Dutch company ING Groep NV, Bloomberg reported.
