Tokyo Stock Exchange

Kumagai Gumi shares drop on new plans

Kumagai Gumi Co, a Tokyo Stock Exchange-listed Japanese construction firm, recorded hammering down of its shares. The stock suffered the most in over 13 years. The news that construction defects in a residential complex made Kumagai Gumi rebuild five apartments has hit hard shares and investors' confidence.

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Nissan surges 12% most since 2009 on $3.5-bln buyback

Registering the highest since April 2009, Nissan Motor Co's stock surged 12 percent following its buyback news. Nissan has announced its plan to buyback $3.5 billion worth shares.

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Dollar rising as Nikkei further moves up

US dollar against Yen is rising as renewed buying support is propelling Japan's Nikkei index upwards. The priority shift among some investors from traditional safety net of Japanese currency to equities was the major reason on Nikkei's rise. The market players are eagerly waiting for the outcome of G-20 meeting this weekend in Shanghai.

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Qualcomm & TDK Form $3 billion Venture To Develop Smart Phones Using Radio Frequency Chips

Qualcomm Inc. and TDK group tie up to form a $ 3 billion project in Singapore. After completion of the venture by 2017, Qualcomm will own 51% of the new company with a provision to purchase TDK’s stake at a later time. Following the joint venture, Qualcom’s share price has fall a little but TDK share price has jumped by 5.5%, highest change within last two moths.

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Daniel Loeb's Third Point picks stake in Seven & I

The US activist investor Daniel Loeb has bought a stake in a Japanese retailer Seven & I Holdings. Though the details about stake and valuation are not revealed, Loeb-run hedge fund Third Point is believed to have acquired stake below five percent. After the sale, the Japanese retailer is expected to take up restructuring exercise enhance profitability, reducing underperforming merchandise stores. Seven & I Holdings operates over 18,000 outlets under the brand 7-Eleven across Japan. Seven & I has decided to shut about 40 unprofitable Ito Yodado stores in the next five years.

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Bain Capital plans to buy Japan Wind Development

U.S. private equity firm Bain Capital LLC plans to acquire Japan Wind Development Co Ltd through a tender offer in a deal worth up to 9.7 billion yen ($81 million), the Nikkei business daily reported on Monday.

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Japan's Skylark to offer up to 112.6 bln yen in shares - filing

Japan's Skylark Co Ltd has decided to list in Tokyo on Oct. 9 and will offer up to 112.6 billion yen ($1.1 billion) in shares in its initial public offering, a regulatory filing showed on Thursday.

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Japan's Seibu and its shareholder Cerberus agree on Tokyo listing -sources

Japan-based railway and hotel group Seibu Holdings Inc and top shareholder Cerberus Capital Management LP agreed on a Tokyo listing for the Japanese firm in April, according to sources familiar with the situation.

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Equity rally drives IPO boom in Japan - report

An article on Bloomberg provided its observations on how the stock rally had influenced the increasing number of initial public offerings on the Japan bourse starting this year.

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Line IPO may value company at USD28 billion - report

South Korean communication app maker Line would stand to be valued at USD8 billion should it go public, according to information technology news site The Next Web.

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Hedge funds' short sales at year-high levels amid volatile market due to US budget impasse

Investors were forced to short sell, or sell securities it does not own, due to the prolonged partial government shutdown.

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Canon cuts sales forecast as smartphones become equipped of high-quality snapshots

Canon dimmed its profits and sales outlook as smartphone titans present gadgets that could capture high-quality photos.

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Tokyo Stock Exchange President revives Japanese market through IPOs

Tokyo Stock Exchange Inc. President Akira Kiyota wanted to revive the Japanese markets by targeting more initial public offerings.

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Asian stocks wary while ECB, U.S. job reports loom

Asian stock became cautious while the European Central Bank held a summit and US payrolls report loomed.

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UPDATE: Seibu and Cerberus Meet, No Listing Agreements Yet

Seibu Holdings Inc of Japan met with its top shareholder, Cerberus Capital Management LP last Friday along with two other big Seibu shareholders.

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