SoftBank aims to raise $22bn from mobile unit IPO
Nikkei -- Jul 10
SoftBank Group has filed for the listing of its mobile service unit SoftBank Corp., in an apparent bid to raise about 2.5 trillion yen ($22.6 billion) from the stock debut.

The parent said Monday that a preliminary application has been submitted to the Tokyo Stock Exchange. The group's core telecom business is expected to debut on the bourse's first section as early as this year. Owning almost all of the unit, SoftBank Group appears to be aiming to sell more than 30% of the shares in the initial public offering.

This could be the largest-ever IPO in Japan, surpassing the 1987 debut of Nippon Telegraph and Telephone, which raised around 2.33 trillion yen, if investor demand is strong.

The market capitalization of the mobile service company is estimated at around 7 trillion to 8 trillion yen, similar in scale to its main rivals -- NTT Docomo and KDDI -- which have have market capitalizations of 10.7 trillion yen and 7.8 trillion yen.

SoftBank Group generated around 1.3 trillion yen in operating profit in the year ended March. The domestic telecom business accounted for 680 billion yen of the total, with an annual cash flow in the 500-billion-yen range.

News source: Nikkei
Feb 16
Soft drink companies in Japan have put aside their long-held fear of losing market shares, moving to raise prices amid soaring expenses for labor and materials. (Nikkei)
Feb 12
Convenience store operator Family Mart Co. on Monday announced the dismissal of a male employee after the emergence of a video showing him licking items, the latest of several similar incidents involving a food-related company in the last week, reports TV Asahi (Feb. 12). (tokyoreporter.com)
Feb 09
The parent company of All Nippon Airways will invest in the operator of Philippine Airlines to take advantage of growing demand for travel in Asia. (NHK)
Feb 08
Rental unit provider Leopalace21 said Thursday that possible construction code violations were found in an additional 1,324 of its apartment buildings, a discovery that will require the relocation of roughly 14,000 tenants. (Nikkei)
Feb 07
Lawson Inc. said Wednesday it closed two of its franchise convenience stores after discovering they had systematically falsified expiration times on some food items prepared in the stores over a period of several years. (Japan Times)
Feb 06
Nissan Motor decided Tuesday to hold an extraordinary shareholders meeting on April 8, where the Japanese automaker is expected to dismiss former Chairman Carlos Ghosn and his onetime deputy Greg Kelly from the board of directors. (Nikkei)
Feb 03
The government has announced standards it hopes to set for casino resorts — to be built by the mid-2020s — requiring them to have hotels and conference rooms that would be among the biggest in the country. (Japan Times)
Feb 02
Major hamburger chain operator Mos Food Services Inc. has said it will switch from plastic to paper cutlery for takeout food at its corporate-owned outlets as it joins growing efforts to tackle the issue of plastic waste littering the oceans. (Japan Times)
Feb 02
In light of an increasing number of foreign customers, supermarket giant Aeon Co. on Friday launched a real-time video interpreting service. (Japan Times)
Jan 31
Japan's agriculture ministry has decided to hike imports of butter. The aim is to prevent a shortage in the face of dwindling production of raw milk. (NHK)