Daikin Industries is buying Goodman Global in a deal that will fortify its status as the world's biggest maker of residential heating, ventilating and air conditioning systems.
Daikin, based in western Japan's Osaka, said Wednesday its board approved the $3.7 billion deal for the Houston company as part of its expansion in the U.S. residential market.
Daikin wants to broaden its manufacturing and sales overseas, especially in emerging markets. It said it would draw on support from a Japanese government initiative to help offset the impact of the strong Japanese yen on exports to help finance the deal.
Daikin is already the world's biggest HVAC maker, with over 1.2 trillion yen ($15 billion) in sales in 2011. Acquiring Goodman would put it even further ahead of the world's No. 2 maker, China's Zhuhai Gree Group, with sales of about $13.3 billion.
Goodman's president and CEO, David L. Swift, said the purchase would help Goodman to likewise expand its sales outside the U.S.
A 24-year-old woman was in a serious condition Friday after being stabbed by a man whom she reported to police for stalking her in Kurashiki, Okayama Prefecture. (Japan Today )
China's television regulator has ordered a crackdown on dramas about the country's battles with Japan during and before World War Two and demanded they be more serious, state media said on Friday, following viewer complaints about ludicrous storylines. (Reuters )
Police said Friday they have found four dead bodies in an apartment in Kashiwa, Chiba Prefecture, in what is believed to have been a family murder-suicide. (Japan Today )
Shukan Post (May 24) conveys the difficulties experienced by other parts of the adult-entertainment biz in servicing customers from the communist nation.
A deri heru (“delivery health”) call-girl tells the tabloid that she is often requested to arrive at major hotels in the Shinjuku and Ikebukuro entertainment areas of Tokyo by Chinese visitors. (Tokyo Reporter)
Six sailors were found dead after a fire on a foreign freighter docked at a port in Hokkaido, northern Japan.
The sailors are presumed to be Russians. (NHK )
Police on Friday said that a real estate company employee was stabbed by an unknown assailant in the lobby of an office building near JR Akihabara station. The man is currently in a serious condition in hospital. (Japan Today )
A 5-year-old boy sustained an injury at a shopping mall in Nagoya on Friday after his hand became trapped in an escalator. (Japan Today 
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A 24-year-old woman was in a serious condition Friday after being stabbed by a man whom she reported to police for stalking her in Kurashiki, Okayama Prefecture. (Japan Today 
A 70-year-old woman has been rescued from a toilet in which she had been waiting for help for three days, Hiroshima police said Friday. (Japan Today 
A traditional dance was performed on Friday at an ancient temple in Nikko City, northeast of Tokyo. (NHK 
China's television regulator has ordered a crackdown on dramas about the country's battles with Japan during and before World War Two and demanded they be more serious, state media said on Friday, following viewer complaints about ludicrous storylines. (Reuters 
A bear was shot dead after it wandered into a school in Kanazawa, Ishikawa Prefecture, on Thursday. (Japan Today 
Police said Friday they have found four dead bodies in an apartment in Kashiwa, Chiba Prefecture, in what is believed to have been a family murder-suicide. (Japan Today 
Shukan Post (May 24) conveys the difficulties experienced by other parts of the adult-entertainment biz in servicing customers from the communist nation.
A deri heru (“delivery health”) call-girl tells the tabloid that she is often requested to arrive at major hotels in the Shinjuku and Ikebukuro entertainment areas of Tokyo by Chinese visitors. (Tokyo Reporter) 
Six sailors were found dead after a fire on a foreign freighter docked at a port in Hokkaido, northern Japan.
The sailors are presumed to be Russians. (NHK 
Police on Friday said that a real estate company employee was stabbed by an unknown assailant in the lobby of an office building near JR Akihabara station. The man is currently in a serious condition in hospital. (Japan Today