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Sep 30, 2024 | 
asia.nikkei.com | Masayuki Shikata |Shiho Miyajima
TOKYO -- Mizuho Financial Group will enter negotiations to acquire a stake in Rakuten Group's credit card unit, with the e-commerce company aiming to tap the Japanese megabank's broad customer base to expand its corporate offerings and strengthen its fintech business. Rakuten Group announced the talks toward a strategic capital and business alliance on Monday. The two Japanese groups aim to finalize details about Mizuho's investment in Rakuten Card this year.
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Sep 27, 2024 | 
asia.nikkei.com | Masayuki Shikata |Hideaki Ryugen |Ryosuke Hanada
TOKYO/TAIPEI/MUMBAI -- Taiwan's Powerchip Semiconductor Manufacturing Corp. (PSMC) is pulling out of plans for a Japanese chip plant as the company shifts its focus to a technology partnership in India that will put less strain on its finances. PSMC has told Japanese financial services group SBI Holding that it was unwilling to take on the risks associated with the Japan project.
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Aug 30, 2024 | 
asia.nikkei.com | Masayuki Shikata
TOKYO -- U.S. exchange operator Cboe Global Markets said Friday it will acquire a 14.8% stake in financial services provider Japannext, looking to expand its footprint in Japan's proprietary trading sector. Japannext parent SBI Holdings will buy Japannext shares from other stockholders and transfer them to Cboe.
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Jun 25, 2024 | 
asia.nikkei.com | Masayuki Shikata
TOKYO -- SoftBank Group will launch a Japan-focused medical service using artificial intelligence to analyze personal medical data, including genes, through a joint venture with U.S. health care company Tempus AI, Nikkei has learned. The venture will be capitalized at 30 billion yen, with SoftBank Group and Tempus AI both owning a 50% share. It will begin work as early as July, and aims to start providing services within one to two years.
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Jun 6, 2024 | 
asia.nikkei.com | Masayuki Shikata |Akira Yamashita
TOKYO/LONDON --U.S. activist hedge fund Elliott Management is pressuring SoftBank Group to reward shareholders now that the Japanese investment powerhouse has shored up its finances, according to sources familiar with the matter. Elliott has built up a stake worth more than $2 billion and is pushing the company to conduct a $15 billion stock buyback, according to sources.
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May 11, 2024 | 
asia.nikkei.com | Masayuki Shikata |Akira Yamashita
ArrowArtboardCreated with Sketch. ArtboardCreated with Sketch. Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintTechnologySoftBank's Arm plans to launch AI chips in 2025CEO Son seeks to invest $64bn, including in data centers and robotics SoftBank Group CEO Masayoshi Son is planning a 10 trillion yen investment blitz in AI chips, robotics, data centers and more.
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Mar 5, 2024 | 
asia.nikkei.com | Masayuki Shikata
TOKYO -- Daiwa Securities Group is teaming with Singapore-based cryptocurrency startup Penguin Securities Holdings to tap growing interest in the assets among younger, wealthy investors worldwide. Daiwa did not reveal details of their capital partnership in its Monday release. But the Japanese financial group apparently invested over 1 billion yen ($6.65 million) in Penguin in late February for a stake of more than 10%.
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Feb 14, 2024 | 
asia.nikkei.com | Masayuki Shikata
TOKYO -- Japan's publicly traded mutual funds will soon be able to invest in unlisted shares, a move that would let retail investors buy into early stage startups and allow those startups to tap more funding. The Investment Trusts Association, Japan (JITA), an industry group, will amend its voluntary guidelines on Thursday in response to a push from an advisory body under the Financial Services Agency, the country's financial regulator.
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Nov 6, 2023 | 
asia.nikkei.com | Masayuki Shikata
TOKYO -- Japan's Daiwa Securities Group purchased Dublin-based mergers and acquisitions consultancy IBI Corporate Finance, Nikkei has learned, expanding its international presence. Daiwa converted IBI into a fully owned subsidiary this month. The purchase price has not been disclosed, but it is estimated to more than 10 million euros ($10.7 million).
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Sep 15, 2023 | 
asia.nikkei.com | Masayuki Shikata |Akira Yamashita
TOKYO/LONDON -- With the stock market listing of its prized chip design unit Arm, Japan's SoftBank Group seeks to shift its artificial intelligence strategy into high gear while shoring up its own finances. Arm is "in the leading position of the artificial intelligence revolution that we have been strategically advancing," Yoshimitsu Goto, SoftBank's chief financial officer, told reporters in New York after Arm's Nasdaq debut Thursday.
