Business | Jan 19

Sekisui House to Acquire American Homebuilder for $4.8 Billion

TOKYO, Jan 19 (News On Japan) - Sekisui House announced on Thursday its plans to acquire the American homebuilding company, M.D.C. Holdings, for 720 billion yen, positioning it as the fifth-largest homebuilder in the United States.

The acquisition, slated for completion by July, would enable Sekisui House to supply approximately 15,000 homes annually in the U.S.

Amid a declining population and shrinking domestic market, Japanese housing companies are increasingly seeking to expand their operations overseas.

Similarly, Daiwa House also announced this month the acquisition of an American company, marking a continued trend of Japanese firms making significant investments in the U.S. housing market.

Source: ANNnewsCH

MORE Business NEWS

Uniqlo, a leading clothing retailer, has announced the start of used clothing sales at its Tenjin store in Fukuoka City, a first for the brand in Kyushu.

With Japan's Nikkei hovering close to the 40,000 mark, market experts point out that the increasing trend of "stock splits" in recent years is supporting these higher stock prices.

As Japan begins overtime regulations for drivers, popular bus tours are now being forced to reconsider their routes.


Four men have been arrested by Tokyo police for allegedly recruiting women for prostitution in the United States via a website, promising encounters with affluent clients and high earnings.

For the first time in 73 years, Japan has unveiled a newly constructed whaling mother ship, equipped with drone technology for whaling operations in the Antarctic Sea.

The Liberal Democratic Party (LDP) in Nara Prefecture has disciplined its former Youth Division Chief following a controversial dance party incident.

Residents of Japan's oldest student dormitory, self-managed for over 100 years, are digging in as Kyoto University attempts to evict them from the premises.

A Japan Airlines flight en route from Melbourne to Narita Airport encountered sudden severe turbulence on April 1, causing injuries to several cabin crew, including a broken leg.