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...
...Market conditions aside, one must also take note of the demographics of the Japanese fund market, where the majority of toshin holders are over 60....
...However Nomura sees both net sales of foreign assets by the Toshins, a shift away from AUD, and a shift *towards* emerging markets: January was the third month of net Toshin selling of foreign securities...
...Clampdown in Japan on Toshin funds and other so-called “currency overlay” products; 4....
...Net outflows from foreign-currency denominated “Toshin”, or publicly-offered investment trusts, peaked at about Y120bn a week at the turn of this year....
...“The Brazil moment for Toshin funds is over,” said Tony Volpon, an economist at Nomura, Japan’s biggest investment bank by revenues....
...The group still owns stakes in Kokusai Kogyo, a bus operator and leisure group as well as Seibu, a train to hotels and real estate group, which it plans to relist....
...It also still holds a stake in Kokusai Kogyo, a real estate developer and bus operator....
...From September to January Toshin saw sustained net outflows, partly in anticipation of a further strengthening of the yen....
...In recent weeks, aggressive Toshin marketing has resumed under new guidelines, while a falling yen and rising stocks have stoked appetite for risk....
...One of the main factors behind this depreciation has been a gradual reduction in the real-denominated holdings of Japan’s “Toshin” retail funds....
...Toshin flows than any other broker....
...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....
...An estimated Y700bn ($7.4bn) of Toshin funds, which allow Japanese retail investors to invest in higher-yielding currencies, were offered to the public....
...Creed shares ended the day without trading, poised to drop 14.5 per cent to Y11,790 while Toshin Housing dropped 36.6 per cent to Y52....
...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...
...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....
...Kanezawa Kogyo has applied for a patent in Japan Small children could be safer with a washing machine that can detect whether a child has climbed inside....
...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. ?...
...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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