Hideki Suzuki

1 week ago | bloomberg.com | Takako Taniguchi |Hideki Suzuki

(Bloomberg) -- Japanese chemical manufacturer Taiyo Holdings Co. has received acquisition proposals from two companies including US investment firm KKR & Co., according to people familiar with the matter. Taiyo has received various proposals including forming capital and business alliances and going private, the Tokyo-based company said in a statement following the Bloomberg report. It has established a special committee to consider its options, though nothing has been decided, it said.

2 weeks ago | bloomberg.com | Taiga Uranaka |Hideki Suzuki

Norinchukin Bank branding. (Bloomberg) -- Norinchukin Bank, which suffered heavy losses with its investments in US Treasuries, said it will be “very cautious” about buying Japanese government bonds. The firm expects further rate hikes in Japan, Chief Financial Officer Masaki Nagano said at a briefing. His remarks come amid a rout in the country’s $7.8 trillion government bond market this week.

2 weeks ago | bloomberg.com | Taiga Uranaka |Hideki Suzuki

Mizuho branding. (Bloomberg) -- Mizuho Financial Group Inc. is managing its securities portfolio “very conservatively” as Japan’s third-largest lender prepares for the next investing opportunity after shrinking its bond holdings. The bank wouldn’t build up big positions until it is confident the Bank of Japan isn’t likely to raise rates any more, Chief Executive Officer Masahiro Kihara said during a question-and-answer session with the media on Tuesday.

3 weeks ago | japantimes.co.jp | Taiga Uranaka |Hideki Suzuki

Mitsubishi UFJ Financial Group said it expects another year of record profit even as U.S. tariff measures cloud the outlook for Japan’s biggest banks. Net income is likely to reach ¥2 trillion ($13.7 billion) for the 12 months ending March, up 7.5% from ¥1.86 trillion in the previous fiscal year, the company said on Thursday. The projection compares with the ¥2.04 trillion average of 13 analyst estimates compiled by Bloomberg.

3 weeks ago | news.bloomberglaw.com | Taiga Uranaka |Hideki Suzuki

Japan’s biggest banks expect another year of record profits and unveiled plans to buy back shares, even as they warned that trade tensions may hurt business and economic growth. Mitsubishi UFJ Financial Group Inc. sees net income jumping 7.5% to ¥2 trillion ($13.7 billion) for the 12 months ending March, the nation’s largest lender said Thursday. Mizuho Financial Group Inc. expects a 6.1% increase to ¥940 billion, while Sumitomo Mitsui Financial Group Inc. anticipates a 10% gain to ¥1.3 trillion.