Sony announced plans to acquire a significant stake in publishing giant Kadokawa, investing approximately 50 billion yen to become its largest shareholder.
E-commerce giant Amazon is entering Japan’s hometown tax donation program, known as 'Furusato Nozei,' which has seen continued growth in donation amounts.
JTB’s President Eijiro Yamakita addressed the challenges facing the travel industry due to the weak yen during a panel discussion. While outbound travel has only recovered to about 60% of pre-pandemic levels, Yamakita emphasized the importance of fostering "engagement" to drive recovery.
Two of Japan’s leading automakers, Honda and Nissan, are reportedly advancing discussions on a management integration. The backdrop to this significant development appears to involve growing competition from China.
Honda CEO Toshihiro Mibe has stated that while "nothing has been decided" regarding a merger with Nissan Motor, he did not rule out the possibility.
SoftBank Group Chairman and CEO Masayoshi Son has announced a $100 billion investment in the United States, equivalent to approximately 15 trillion yen, following a meeting with U.S. President-elect Donald Trump at Trump’s Florida residence on December 16. The investment is expected to create 100,000 jobs over the next four years.
Denny's has announced that it will raise the price of rice dishes starting December 24th, citing soaring rice prices. The price hike will apply to small, regular, and large servings of rice, with each seeing an increase of 44 yen.
Keidanren has decided to appoint Yoshinobu Tsutsui, chairman of Nippon Life Insurance, as the successor to current chairman Masakazu Tokura, who will retire in May 2025. This marks the first time a leader from a financial institution has been selected to head Keidanren.