The novel coronavirus outbreak has forced as much as 56 Japanese companies to disclose that they will downgrade earnings forecasts or expect a significant slow down of sales, according to credit research specialist Tokyo Shoko Research. (Nikkei)
Foreign investors purchasing a 1% or more stake in a Japanese company will be subject to prescreening if the target company is included in 12 specified sectors deemed critical to national security, such as arms, aircraft and space-related industries, Nikkei has learned.
Twenty-three providers of cashless payment services have registered to participate in a government-led reward-point program for holders of My Number social security and tax identification cards, the internal affairs ministry said Wednesday. (Japan Times)
Nissan Motor held an extraordinary shareholders meeting on Tuesday, as it struggles to rebuild itself under new leadership. 666 people gathered in Yokohama. They approved a new board of directors led by current President and CEO Makoto Uchida.
Japan’s communications ministry on Tuesday gave major electronics maker Fujitsu Ltd. the country’s first preliminary license to build a local fifth-generation, or 5G, communications network. (Japan Times)
Japan invented the zombie company: a once proud and innovative name that has lost its way and staggers from one crisis to another. But has Asia's second biggest economy now created the zombie privatization? (Nikkei)
Japanese e-commerce conglomerate Rakuten on Thursday said it sold $1.4 billion worth of shares in its technology holdings, including its entire stake in U.S. social networking service Pinterest, underlying growing concerns about overvaluations in the sector. (Nikkei)
SoftBank Group Corp. founder Masayoshi Son said he is considering a new type of fund for startup investing, showing his determination to keep cutting deals after missteps with WeWork and several other companies.