News On Japan
Business | 5

Sumitomo Corporation is making a bold move into the healthcare business in Malaysia. They have acquired a local clinic operator with plans to expand its network to 100 facilities and transform it into a consolidated subsidiary. By 2026, the Japanese group aims to triple the number of facilities and enhance primary healthcare services.

In a survey conducted by a major life insurance company to coincide with Children's Day on May 5th, it was revealed that over half of the respondents felt uneasy about saving for their children’s education.

Sony Pictures Entertainment, under the Sony Group, in partnership with an American investment firm, has proposed a joint acquisition of the U.S. media giant Paramount Global for approximately 4 trillion yen ($26 billion), as reported by multiple American media sources.

Nippon Steel has announced a postponement of its acquisition timeline for major American steel manufacturer U.S. Steel, from the end of September to the end of December.

As harsh summer heat is expected nationwide, applications for insurance against the risk of heatstroke have surged, reaching approximately 4,000 in just one week since sales began.

A new cruise ship terminal has been completed at Tempozan in Osaka, and it was unveiled to the press on May 2nd.

A consortium led by Mitsui Fudosan, selected to redevelop the former Tsukiji Market site, revealed at a press conference held in Tokyo on May 1st, plans to invest 900 billion yen in creating a multi-purpose stadium capable of accommodating 50,000 people.

As demand for sake rebounds both domestically and internationally, a major shortage of sake bottles has prompted a leading food wholesaler to begin selling the beverage in cans instead of bottles.