Harmonic Drive Systems, a Japanese maker of speed reducers, said on Wednesday that Toyota Motor will sell its entire stake in the company in the open market overseas. The move could fan hopes among investors that Toyota...
Japan fund INCJ sells $1.8 bln of Renesas shares
Japanese state-backed fund INCJ said it has sold all but a token portion of its stake in semiconductor manufacturer Renesas Electronics, offloading 279 billion yen ($1.84 billion) worth of shares. The shares have...
Western Digital, Japan’s Kioxia call off merger talks – sources
Western Digital and Japan’s Kioxia Holdings have called off merger talks after failing to agree on terms, two people said on Friday, in the latest stumble for an on-again-off-again deal to create one of the...
Japan’s JFE Steel eyes stake in Teck’s coal business – sources
Japan’s JFE Steel Corp is in talks to buy a stake in the metallurgical coal business of Canada’s Teck Resources, two people aware of the development told Reuters, adding to the list of suitors that also...
CCI clears acquisition of Hitachi Astemo by HMCL, Japan Investment Corp
Fair trade regulator Competition Commission of India (CCI) said it has cleared the acquisition of certain shareholding in Hitachi Astemo Ltd (HAL) by Japan Investment Corporation and Honda Motor Co Ltd (HMCL). The...
Japan’s Chubu Electric to buy stake in NuScale Power from JBIC
Japan’s Chubu Electric Power said it will buy a stake in U.S. NuScale Power (SMR.N) from the Japan Bank for International Cooperation (JBIC) as it bets on small modular nuclear reactors to help combat climate...
Japan releases new M&A guidelines to promote takeovers, consolidation
The Japanese government on Thursday released new guidelines to promote more mergers and acquisitions (M&A) in the world’s third-largest economy as it hopes to spur consolidation in the industry and boost...
Cognex to buy Japan optics component firm from Trustar Capital
U.S. vision systems company Cognex said it has agreed to buy Japanese optical component producer Moritex Corp for 40 billion yen ($273.49 million) in its largest acquisition to date, as it seeks to increase its market...
Australia’s Woodside to sell 10% stake in Scarborough to LNG Japan for $500 mln
Woodside Energy Group said it had entered a deal with LNG Japan to sell a 10% participating interest in its $12 billion Scarborough liquefied natural gas (LNG) project in Australia for $500 million. Australia’s No...
Japan fund eyes JSR buyout as Tokyo ramps up chip intervention
Semiconductor materials maker JSR Corp’s board will meet on Monday to discuss a potential multi-billion dollar buyout by a government-backed fund that would mark an acceleration of Japan’s efforts to...
Japan’s Daiwa to pick up 15% stake in Ambit
Japanese financial services firm Daiwa Securities Group Inc is picking up a little over 15% stake in Ashok Wadhwa-led Ambit Pvt Ltd, which has business interests in investment banking, equities, asset and wealth...
Japan’s Hamamatsu Photonics says Denmark denies approval for NKT Photonics acquisition
Japan’s Hamamatsu Photonics KK said that Danish authorities had rejected a European subsidiary’s application to acquire Copenhagen-based fibre laser manufacturer NKT Photonics A/S from NKT A/S. Hamamatsu...