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United Kingdom

Junko Fujita

Head of Japan's Lixil bows to investor pressure in boardroom drama

18 Apr 2019

TOKYO, April 18 Japanese toilet maker Lixil Group's CEO is to resign next month, marking a rare victory for activist minority shareholders who had demanded that he step down.

Nippon Paint pours into Australia's DuluxGroup with $2.7 billion offer

17 Apr 2019

SYDNEY/TOKYO Japan's Nippon Paint Holdings Co Ltd has proposed buying Australia's biggest paint maker DuluxGroup Ltd for A$3.8 billion ($2.7 billion), expanding its global footprint though entering Australia just as a housing boom there falters.

Japan's banks can't blame BOJ for their problems, new head of lobby says

31 Mar 2019

TOKYO Japanese lenders should not blame the Bank of Japan's ultra-loose monetary policy for their inability to boost trading revenue or for poor returns borne of lax risk management, the newly appointed head of the country's banking lobby said.

Shareholders of Japan's LIXIL make rare demand for management ouster

20 Mar 2019

TOKYO, March 20 Four investment firms on Wednesday called for the ouster of top management at Japanese housing products maker LIXIL Group, citing concerns about corporate governance and marking a particularly vocal stand by minority shareholders.

Japan's 2018 commercial land prices rise at fastest pace in 11 years

19 Mar 2019

TOKYO Japanese commercial land prices climbed at their fastest pace in 11 years in 2018, a government survey showed on Tuesday, led by strong demand for office space and a boom in tourism.

Japan's Daiichi Sankyo explores OTC drugs business sale, hires JPMorgan -sources

01 Mar 2019

TOKYO Japan's Daiichi Sankyo Co is exploring the sale of its over-the-counter drugs (OTC) business and has hired JPMorgan to advise on the potential deal, several people with knowledge of the matter told Reuters.

RPT-UPDATE 1-Managers hired for Toshiba Memory IPO, possibly Japan's biggest in 2019-sources

20 Feb 2019

* Bain-led consortium bought Toshiba Memory last year for $18 bln

Managers hired for Toshiba Memory IPO, possibly Japan's biggest in 2019: sources

20 Feb 2019

TOKYO U.S. private equity firm Bain Capital has picked Nomura and Mitsubishi UFJ Morgan Stanley to manage an initial public offering of Japan's Toshiba Memory, a deal that could happen as early as September, people familiar with the matter said.

Sony stock jumps after first-ever share buyback announcement

08 Feb 2019

TOKYO Sony Corp announced its first-ever major share buyback on Friday, worth 100 billion yen (£702.8 million), helping its stock recover from a hammering days earlier when investors freaked over lacklustre earnings. | Video

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