Kentaro Tsutsumi

3 weeks ago | japantimes.co.jp | Tsuyoshi Inajima |Kentaro Tsutsumi

Widespread criticism of the Toyota group’s ¥4.7 trillion ($33 billion) plan to privatize Toyota Industries at a large discount to the company’s current share price is fueling doubts over whether the takeover bid can garner enough support to succeed. The tender offer by the holding company established to privatize Toyota Industries represents an 11.4% discount to Toyota Industries’ closing price before the plan was announced.

3 weeks ago | news.bloomberglaw.com | Tsuyoshi Inajima |Kentaro Tsutsumi

Widespread criticism of the Toyota group’s ¥4.7 trillion ($33 billion) plan to privatize Toyota Industries Corp. at a large discount to the company’s current share price is fueling doubts over whether the takeover bid can garner enough support to succeed. The tender offer by the holding company established to privatize Toyota Industries represents an 11.4% discount to Toyota Industries’ closing price before the plan was announced.

3 weeks ago | bloomberg.com | Tsuyoshi Inajima |Kentaro Tsutsumi

The Toyota Industries Corp. Nagakusa plant in Obu, Aichi Prefecture. (Bloomberg) -- Widespread criticism of the Toyota group’s ¥4.7 trillion ($33 billion) plan to privatize Toyota Industries Corp. at a large discount to the company’s current share price is fueling doubts over whether the takeover bid can garner enough support to succeed.

Sep 13, 2024 | asia.nikkei.com | Kentaro Tsutsumi

TOKYO -- Japanese listed companies earned almost 8 trillion yen ($56 billion) from selling shares in subsidiaries and affiliates over the past three years, the highest tally since the 2008 global financial crisis, as they sought to put shareholder money to better use. The figure for the last fiscal year alone came to about 2.5 trillion yen, the third largest after fiscal 2018 and fiscal 2022, which saw big sales by Toshiba in 2018 and by Hitachi and Marubeni in 2022, cash flow statements show.

Sep 12, 2024 | asia.nikkei.com | Kentaro Tsutsumi

TOKYO -- Japanese listed companies earned almost 8 trillion yen ($56 billion) from selling shares in subsidiaries and affiliates over the past three years, the highest tally since the 2008 global financial crisis, as they sought to put shareholder money to better use.