Japan Post privatization heads to finale with up to $12bn share sale
Nikkei -- Apr 10
The Japanese government will sell off another chunk of Japan Post Holdings as early as this fall, moving to end a more than decadelong privatization process.

The Finance Ministry said Tuesday it will sell up to 1.06 billion shares of the postal group, making the sale worth around 1.3 trillion yen ($11.7 billion) based on Tokyo-listed Japan Post's closing price that day.

The sale will cut the ministry's stake to the legally mandated minimum of just over one-third from the current 57%. The group is 11% owned by foreign investors.

The move comes as the group recasts a growth strategy that stumbled after its 2015 acquisition of Australian logistics provider Toll Holdings. Japan Post is required to maintain universal services across Japan at a loss and remains dependent on its banking and insurance units for earnings.

News source: Nikkei
Oct 16
As a fuller picture of the damage from Typhoon Hagibis emerges, Japan faces weeks of delays in restoring some train service, but supply chains weathered the storm relatively well, attesting to the rise of disaster planning. (Nikkei)
Oct 14
Digging for buried treasure has never been so fun, it isn’t often said that all you need is the push of a button and riches could fill your pockets. (newsonjapan.com)
Oct 12
A Toyota Motor group finance unit will issue Japan's first zero-rate corporate bond Oct. 25 as subzero yields spill over from government bonds to private-sector debt, which carries the risk of default. (Nikkei)
Oct 11
Japanese retailer Seven and i Holdings announced on Thursday a major restructuring plan. (NHK)
Oct 11
Japanese investors celebrated Akira Yoshino's Nobel Prize win by purchasing stocks associated with the lithium-ion battery the researcher helped develop. (Nikkei)
Oct 09
Nissan Motor has appointed senior vice president Makoto Uchida to be its next president and chief executive officer. His predecessor, Hiroto Saikawa, resigned in September over his overcompensation. (NHK)
Oct 09
Masayoshi Son’s startups have had a rough few months, from a botched initial public offering by WeWork to a sharp decline in shares of Uber Technologies Inc. (Japan Times)
Oct 09
The Chairman of Kansai Electric Power Company, Makoto Yagi, is said to be considering stepping down in connection with a money scandal. (NHK)
Oct 08
Hardly a day goes by without news of SoftBank Group Chairman and CEO Masayoshi Son. The global technology investor is convinced that the future belongs to artificial intelligence, but he is also dissatisfied with his performance today and what he sees as a lack of drive in the Japanese business world. (Nikkei)
Oct 08
Japan's corporate culture traditionally demands long hours, commitment to the company, and frequent drinking sessions. Peer-pressure is still there, but a younger generation of workers is beginning to abstain. (dw.com)