Hints and tips:
...For the April-June quarter, Kasai Kogyo posted a net loss of ¥1.7bn....
...The problem centres on Yoshimoto Kogyo, a comedy talent agency that, like a few other Japanese institutions involved in entertainment, enjoys distended back-room power and is subject to stunted public criticism...
...The former Nissan chairman’s release was broadcast live on Japanese television, as he was driven away in a work van labelled Nakamura Kogyo, or Nakamura Industries, pursued by journalists on motorcycles...
...Last month, for example, retailers Best Denki and Bic Camera said they would terminate a six-year old commercial and capital partnership, citing “changes in the business environment”....
...Yamada Denki, the consumer electronics retailer, sank 7.5 per cent to Y3,170 after cutting earnings forecasts by nearly 40 per cent....
...Yamada Denki fell 8 per cent to Y4,100 after the electronics retailer forecast weaker first-half profit....
...It also still holds a stake in Kokusai Kogyo, a real estate developer and bus operator....
...Japanese are reaching for old-fashioned ways to temper the heat, with sales of electric fans soaring 460 per cent in the first 28 days of April compared with the same period last year, according to Yamada Denki...
...In retail, Yamada Denki, one of Japan’s largest electrical retailers, and Asahi, its largest bicycle shop, plan to open their first stores in China this year....
...“Since the start of the year people are getting fearful of not being in Japan,” says Neil Edwards, co-manager of the Japan CoreAlpha Fund at GLG Partners....
...Separately, Yoshimoto Kogyo, a producer of television and radio programmes, rallied 8.6 per cent to Y1,040 after a local report said that the company’s management was also planning an MBO....
...On the positive side, the Kokusai Kogyo hotels in Hawaii are believed to be enjoying resilient demand, given that they are on or near the popular Waikiki beachfront....
...The electronics retailer Yamada Denki rose by 7.8 per cent to Y3,730 on government suggestions it might buy analogue televisions to encourage consumers to switch to digital sets....
...In Merger and acquisition news, Toyo Denki Seizo shares slid 23.7 per cent to Y258 after Nidec decided against bidding for the company after showing initial interest....
...Nissan will begin testing the market for electric vehicles this week when it unveils the Denki Cube at the New York International Auto Show....
...Meanwhile, Orbis Investment Management owns 6.65 per cent of Yamada Denki, an electronics retailer, valued at Y74bn....
...Shares in Kyowa Hakko Kogyo, a drug maker, soared 16.7 per cent to Y1,402 after the Nikkei reported that Kirin, the beer maker, would take a majority stake in the company....
...NEC listed its subsidiary, NEC System Technologies, for just 20 months before buying it back while Yoshimoto Kogyo, an entertainment group, is buying back Fandango, a contents distributor, after listing...
...Yamada Denki, Japan’s biggest discount home electronics retailer, leapt 8.7 per cent to Y8,530, after Morgan Stanley raised its target price....
...Telecom firm Seibu Electric Industry was 6 per cent stronger at Y641 and Nissei Build Kogyo added 5.1 per cent to Y226 on similar hopes....
...Yoshimoto Kogyo, the media group, leapt 16 per cent to Y1,453 as it received strong backing from broker UBS....
...Privee Zurich Turnaround Group, a publicly-listed Japanese investment firm, confirmed on Wednesday that it was in negotiations with Kokusai Kogyo. ?...
...Newbridge was given exclusive negotiating rights to purchase a one-third stake in Takefuji, but talks broke down over the purchase price, according to the report in the Nikkan Kogyo newspaper....
...Shares of Aplus, the consumer finance unit of UFJ, soared 11.3 per cent to Y273, after a the Nikkan Kogyo newspaper reported that UFJ was in the final stages of negotiations to sell the unit to Shinsei...
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