Suntory in modest debut, may be Japan's last big IPO this year
Reuters -- Jul 03
Suntory Beverage and Food Ltd (2587.T) managed a modest rise in its debut on Wednesday after a $4 billion IPO, as investors shrugged off volatile markets and rich valuations to buy up what may be Japan's last big corporate listing of 2013.

Suntory's offering, Asia's biggest IPO so far this year and aimed at building up a warchest for overseas acquisitions, is part of a surge in Japanese equity issuance as companies cash in on higher valuations from a rallying stock market.

The rally stalled in mid-May and the market has turned volatile but Prime Minister Shinzo Abe's reflationary policies continue to support less high-profile equity issuance, with advertising firm Dentsu Inc (4324.T) announcing on Wednesday it would tap the market for $1.2 billion in a secondary offering to pay down debt.

"I believe the market can digest more share offerings easily," said Mitsushige Akino, chief fund manager at Ichiyoshi Asset Management. "The market has regained confidence in the long-term upward trend in stock prices."

Suntory Beverage rose to 3,145 yen in its maiden session, up 1.5 percent from the IPO price of 3,100 and defying weak signals from the grey market, where it traded last week at 2,900 yen.

Source: Reuters
May 02
Japan on Monday began its annual "Cool Biz" campaign, which encourages workers to dress more casually to help reduce energy use, with government offices allowing polo shirts, Hawaiian-style aloha shirts and similar attire. (Japan Times)
May 02
NHK has learned that at least one-quarter of the people who died as a result of the earthquakes that hit Japan's southwest had gone home from temporary shelters before the second major tremor. (NHK)
May 02
The search on the ground for the last missing person in the series of powerful earthquakes that hit Kumamoto Prefecture recently was terminated on Sunday due to persistent fears of secondary disasters. (Jiji Press)
May 01
Japanese Foreign Minister Fumio Kishida conveyed Tokyo's concerns over the situations in the East China Sea and the South China Sea to his Chinese counterpart, Wang Yi, during their meeting in Beijing on Saturday. (Jiji Press)
Apr 30
In the latest development in the gambling scandal involving Yomiuri Giants players, the Metropolitan Police Department on Friday arrested restaurateur Satoshi Saito, 38, on suspicion of running gambling operations for the purpose of gain and former Giants pitcher Shoki Kasahara, 25, on suspicion of assisting the operations. (the-japan-news.com)
May 01
Police in Chofu, Tokyo, have arrested a 47-year-old part-time worker on suspicion of assaulting a 13-year-old girl as she walked home in February. (Japan Today)
May 01
The Osaka District Public Prosecutor's Office has filed charges of drug trafficking against a 40-year-old woman who left a large quantity of illegal drugs inside a fast-food outlet, reports the Asahi Shimbun (April 30). (Tokyo Reporter)
May 01
An increasing number of people are using the "furusato nozei" hometown donation program to support Kumamoto Prefecture, southwestern Japan, which has been hit hard by a recent series of strong earthquakes. (Jiji Press)
May 01
Kanagawa Prefectural Police are investigating what is believed to have been a murder-suicide in an apartment in Kawasaki City, reports the Sankei Shimbun (April 30). (Tokyo Reporter)
Apr 30
This year's spring decorations will recognize 4,024 Japanese and 90 foreigners for their achievements in business, culture and the arts, the government said Friday. (Japan Today)
Apr 29
Police in Chiba City have charged a 29-year-old man over the murder of a 41-year-old woman who was found dead in her apartment on April 4. (Japan Today)
Apr 28
Police in Denenchofu, Tokyo, have arrested a 41-year-old man on suspicion of violating the animal cruelty law after he killed at least 10 stray cats. (Japan Today)
Apr 28
Dignitaries and celebrities joined Japan's Emperor Akihito and Empress Michiko for the annual spring party at the Akasaka Imperial Gardens in Tokyo on Wednesday. (NHK)
Apr 28
Tokyo Metropolitan Police on Tuesday raided the headquarters of a gang affiliated with the Yamaguchi-gumi over the alleged handling of illegal drugs, reports TV Asahi (April 27). (Tokyo Reporter)
Apr 27
A 28-year-old nursery school teacher who forced a 4-year-old boy to eat fried chicken covered with wasabi and recorded it on her smartphone, has received a suspended sentence from the Tokyo District Court. (Japan Today)