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☆ Kokusai Electric shares pop 32% on Tokyo debut
▼ + stars: | 2023-10-25 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +2 min

In this photo illustration, Kokusai Electric logo is seen on a smartphone screen. (Photo Illustration by Pavlo Gonchar/SOPA Images/LightRocket via Getty Images) Sopa Images | Lightrocket | Getty ImagesShares of Japanese semiconductor equipment maker Kokusai Electric saw a strong debut on the Tokyo Stock Exchange on Wednesday. Kokusai Electric is a spin-off from Hitachi Kokusai Electric, a subsidiary of Japanese multinational electronics company Hitachi. He said Kokusai Electric may not be as competitive as its rivals Tokyo Electron or Lasertec , which dominate niche markets in the semiconductor production process. He said applications such as artificial intelligence use logic chips instead of memory chips, which are used in smartphones.

Persons: Pavlo Gonchar, Mio Kato, CNBC's, Mio Kato Lightstream, Kato Organizations: Getty, Kokusai, Tokyo Stock Exchange, Japan Times, Hitachi Kokusai, Hitachi, KKR, Lightstream Research, Tokyo

TOKYO, Oct 25 (Reuters) - Kokusai Electric (6525.T) shares jumped 29% in their Tokyo market debut on Wednesday after private equity firm KKR sold shares in the chip equipment maker for $724 million in Japan's largest initial public offering (IPO) in five years. The stock opened at 2,116 yen and climbed to a high of 2,371 yen, valuing the company at 546.3 billion yen ($3.65 billion), as investors grabbed shares following the rare IPO of a key chip tool manufacturer. "The market for chip related stocks outside of AI is weak so some were wondering what would happen," said Tomoichiro Kubota, analyst at Matsui Securities. KKR agreed to buy Hitachi's (6501.T) electronic equipment unit in 2017 in a deal valuing the business at 257 billion yen ($1.72 billion) as the conglomerate streamlined operations. The private equity group then spun off Kokusai, which manufactures machines for depositing thin films on silicon wafers, the following year.

Persons: telco, Tomoichiro Kubota, Kazuyoshi Saito, Warren Buffett, Sam Nussey, Miho Uranaka, Mayu, Makiko Yamazaki, Chang, Ran Kim, Sonali Paul Organizations: KKR, telco SoftBank Corp, Matsui Securities, Reuters, Iwai Cosmo Securities, Materials, Equity, Thomson Locations: TOKYO, Tokyo, China, Japan

☆ Analyst explains why he hasn't been bullish on Kokusai Electric — Japan's largest IPO since 2018
▼ + stars: | 2023-10-25 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAnalyst explains why he hasn't been bullish on Kokusai Electric — Japan's largest IPO since 2018Mio Kato, founder of research services firm LightStream Research, says Kokusai Electric's long-term outlook isn't as competitive as companies like Tokyo Electron when it comes to technology.

Persons: Mio Kato, Kokusai Organizations: LightStream Research Locations: Tokyo

☆ KKR’s Chip Play Will Win Big in Japan
▼ + stars: | 2023-10-24 | by ( Jacky Wong | ) www.wsj.com time to read: 1 min

Kokusai Electric’s technology and manufacturing center in Toyama, Japan. Photo: Soichiro Koriyama/Bloomberg NewsPrivate-equity giant KKR has scored a win in Japan, and with a chip price rebound probably around the corner, their timing looks impeccable. Semiconductor equipment maker Kokusai Electric will start trading Wednesday in Tokyo after raising around $720 million in an initial public offering last week. Kokusai is valued at $2.8 billion at its IPO price, potentially netting KKR a return of more than 60% in Japanese yen terms, excluding leverage. Kokusai unloaded its video and communications systems business after KKR’s takeover.

Persons: Soichiro Koriyama Organizations: Bloomberg, Private, KKR, Semiconductor, Kokusai, Dealogic, Hitachi — Locations: Toyama, Japan, Tokyo

TOKYO, Oct 16 (Reuters) - Chip equipment maker Kokusai Electric (6525.T) has raised $724.4 million after pricing its shares at the top end of their marketed range in Japan's largest initial public offering in five years. Kokusai, owned by U.S. private equity firm KKR (KKR.N), set its IPO price at 1,840 yen per share, according to a filing on Monday, valuing the company at 423.9 billion yen ($2.8 billion). If an overallotment option for domestic investors is exercised, the offering would raise roughly $833 million. The move was partly due to a lacklustre share price performance by chip designer Arm since its listing last month, a source familiar with the matter has said. Kokusai's largest customers are Samsung Electronics (005930.KS), TSMC (2330.TW) and Micron Technology (MU.O), collectively accounting for more than 40% of its revenue.

Persons: Mariko Katsumura, Sam Nussey, Miho Uranaka, Kim Coghill, Edwina Gibbs Organizations: Kokusai, U.S, KKR, Tokyo bourse's, Samsung Electronics, Micron Technology, Thomson Locations: TOKYO

The indicative price range was set at 1,830-1,840 yen per share, KKR-backed Kokusai said in a regulatory filing on Tuesday, compared with 1,890 yen previously. Kokusai said the lower range reflected the view of institutional investors and the state of the stock market. If its IPO prices at the top of the range, Kokusai, which manufactures machines that deposit thin films on silicon wafers, will offer 108.3 billion yen ($729 million) worth of shares and have a market valuation of 423.9 billion yen, excluding an overallotment. Capital Research and Management and Lazard Asset Management have committed to purchase shares at the offer price, Kokusai said in a separate filing. Kokusai's largest customers are Samsung Electronics (005930.KS), TSMC (2330.TW) and Micron Technology (MU.O), collectively accounting for more than 40% of its revenue.

Persons: Kokusai, SoftBank Group's, Sam Nussey, Makiko Yamazaki, Miho Uranaka, Kaori Kaneko, Christian Schmollinger, Sonali Paul, Edmund Klamann Organizations: Kokusai, KKR, Capital Research, Management, Lazard Asset Management, Samsung Electronics, Micron Technology, Investors, Micron, Thomson Locations: TOKYO

At Kokusai's indicative price of 1,890 yen per share, the company will offer 111.2 billion yen ($749.88 million) worth of shares and have a market value of 435.5 billion yen. A successful listing would follow the blockbuster New York IPO of SoftBank-owned chip designer Arm , which investors hoped would lead to a wave of stock market launches. IPO activity has remained strong in Japan, where the stock market is at 33-year highs and interest rates ultra low. Kokusai reported operating profit fell by a fifth to 56 billion yen in the year ended March compared to the same period a year earlier. Sales were roughly flat at 245.7 billion yen.

Persons: Miho Uranaka, Kokusai, chipmaker TSMC, TW, Sam Nussey, Makiko Yamazaki, Christopher Cushing Organizations: REUTERS, KKR, Materials, Kokusai, Tokyo Stock Exchange, Industry, Reuters, Marelli Holdings, Thomson Locations: Tokyo, Japan, TOKYO, China, York

There's no need to identify the country, all you need to do is control the item," a Japanese industry ministry official told Reuters. Two of them, deposition machinery maker Kokusai Electric and Japan's leading chip tool maker Tokyo Electron (8035.T), said they expect Japan's controls to have a limited business impact. COORDINATIONDovetailing Japan's controls with those of the U.S. and the Netherlands will require close coordination. He has met with Japanese trade officials and believes Tokyo is committed to curbing certain exports. Tokyo remains worried that targeting China will provoke damaging retaliation, such as a ban on Japanese electric cars, a third Japanese industry official said.

Persons: Emily Benson, Kevin Wolf, Jim Lewis, Lewis, Joe Biden's administrationis, Tim Kelly Karen Freifeld, Kentaro Sugiyama, Toby Sterling, Yoshifumi, Lincoln Organizations: TOKYO, Reuters, Center, Strategic, International Studies, Tokyo, Advantest Corp, Nikon Corp, Canon Inc, Screen Holdings, U.S . State Department and Commerce Department, Center for Strategic, U.S, U.S . Commerce Department, Thomson Locations: Tokyo, Beijing, Japan, U.S, China, backdown, Washington, Netherlands, Amsterdam

☆ Japan government bond breaches yield cap, BOJ steps in with buying, loans
▼ + stars: | 2023-02-22 | by ( Junko Fujita | ) www.reuters.com time to read: +2 min

TOKYO, Feb 22 (Reuters) - Japan's 10-year government bond yield on Wednesday breached the top end of the Bank of Japan's policy band for a second straight session, prompting the central bank to step into the market with emergency bond buying and offering of loans. read moreThe yield on 10-year JGBs climbed to 0.505% on Wednesday, breaking through the central bank's 0.5% cap and marking its highest level since Jan. 18. The BOJ bought 300 billion yen ($2.2 billion) of Japanese government bonds with maturities of five to 10 years and 100 billion yen of bonds with maturities of 10 to 25 years. In its struggle to contain elevated yields, the BOJ bought a record 23.69 trillion yen ($175.69 billion) worth of government bonds in January. This would be the fourth time that BOJ provides such loans since last month after amending rules for its funds-supply operation.

SINGAPORE, Jan 20 (Reuters) - Japan's central bank appears to have scored an interim win in its long-drawn battle with bond bears. The Bank of Japan's (BOJ) policy meeting this week was, at first glance, a damp squib for excited markets. It maintained its cap on 10-year yields, defying market expectations for change, and modified a funds-supply operation such that it offers more money for longer tenors to banks. After Wednesday's decision to retain ultra-low rates, 10-year bond yields, which had been testing the BOJ's 0.5% cap for a week, settled below 0.4%, suggesting many speculators were closing positions. "Most people are concerned about market liquidity in the bond market," a senior trader at a global bank in Asia told Reuters.

☆ Investors revive wagers on Bank of Japan policy change
▼ + stars: | 2022-12-08 | by ( Junko Fujita | ) www.reuters.com time to read: +4 min

TOKYO, Dec 8 (Reuters) - Global investors are short-selling Japanese bonds and driving its other market yields higher, reviving bets that the Bank of Japan will need to tweak its ultra-easy monetary policy sooner rather than later. BOJ Governor Haruhiko Kuroda has repeatedly stressed the need to persist with the bank's unique yield-curve-control policy, which makes Japan an outlier among major central banks aggressively tightening policy to combat inflation. Japan swaps vs yieldsKuroda has said policy will not change until the recent cost-push inflation is accompanied by higher growth in wages. "The central bank may tweak its YCC before March. There should be an event weight it doesn’t have at the moment," says Malcolm, while making clear UBS does not expect any policy change for at least another year.

☆ VIDEO // 11 speakeri de calibru, în cadrul evenimentului TEDxRoseValleyParkED; Ediția din acest an este dedicată educației
▼ + stars: | 2021-01-23 | by ( ) www.jurnal.md time to read: +5 min

VIDEO // 11 speakeri de calibru, în cadrul evenimentului TEDxRoseValleyParkED; Ediția din acest an este dedicată educațieiAstăzi, la Chișinău are loc TEDxRoseValleyParkED, ediția din acest an fiind dedicată educației. Unul dintre cei mai importanți speakeri din acest an este omul de afaceri nepalez Nirvana Chaudhary, Directorul General al Grupului Chaudhary), vicepreședinte al Fundației Chaudhary și președintele Fundației Moldcell. La conferința TEDxRoseValleyParkED, Nirvana Chaudhary va vorbi despre școlarizare și digitalizare ca pilon de bază în economia unei țări, accentuând totodata importanța securității online. Și tânărul compozitor Andrei Zapșa, numit și Harry Potter din Moldova, va fi prezent la eveniment. Compozitor de suite simfonice, dirijor la Smile Youth Orchestra și Makassar Youth String Orchestra, autorul primei trilogii fantasy din Moldova și nu în ultimul rând profesor.

Persons: Nirvana, Fundației Moldcell, Dumitru Mișin, Alexandru, Spiru, Zapșa, Harry Potter, Dumitru, Bogdan Cazacu, Bogdan, Diana, Corina Musteață, Ștefan Popov, Mădălina, Alina Organizations: Universitatea, Fundației, Spiru Haret, Studenților, Universitatea Internațională, Intel, Elevilor, Junior Locations: Chișinău, Harvard, Universitatea Kobe, Japonia, Nepalului, Nepal, Moldova, Statele Unite, Republica Moldova, Kobe ( Kobe, Daigaku, San Francisco, Po, Franța, Cimișlia

☆ Speakeri de calibru la TEDxRoseValleyParkED, evenimentul pe care nu trebuie să-l ratați în acest weekend!
▼ + stars: | 2021-01-20 | by ( ) www.jurnal.md time to read: +7 min

Speakeri de calibru la TEDxRoseValleyParkED, evenimentul pe care nu trebuie să-l ratați în acest weekend! Startul evenimentului se va da sâmbătă, la ora 10:00, în cadrul centrului Artcor, și va fi disponibil gratuit pentru audiența online. Conferința va dura aproximativ patru ore și va include discursurile a 12 speakeri din diferite domenii, inclusiv elevi de la Harvard sau din Universitatea Kobe din Japonia. Unul dintre cei mai importanți speakeri din acest an este omul de afaceri nepalez Nirvana Chaudhary, Directorul General al Grupului Chaudhary), vicepreședinte al Fundației Chaudhary și președintele Fundației Moldcell. Compozitor de suite simfonice, dirijor la Smile Youth Orchestra și Makassar Youth String Orchestra, autorul primei trilogii fantasy din Moldova și nu în ultimul rând profesor.

Persons: Nirvana, Fundației Moldcell, Dumitru Mișin, Alexandru, Spiru, Zapșa, Harry Potter, Dumitru, Bogdan Cazacu, Bogdan, Diana, Corina Musteață, Ștefan Popov, Mădălina, Alina Organizations: Rose Valley, ED, Universitatea, Fundației, Spiru Haret, Studenților, Universitatea Internațională, Intel, Elevilor, Junior Locations: Chișinău, Harvard, Universitatea Kobe, Japonia, Nepalului, Nepal, Europa, Asia, Moldova, Statele Unite, Republica Moldova, Kobe ( Kobe, Daigaku, San Francisco, Po, Franța, Cimișlia

☆ Un nou eveniment TEDx la Chișinău, dedicat educației: Cine sunt speakerii ediției
▼ + stars: | 2021-01-19 | by ( ) www.jurnal.md time to read: +5 min

Un nou eveniment TEDx la Chișinău, dedicat educației: Cine sunt speakerii edițieiO nouă ediție marca TEDx, de această dată dedicată educației va avea loc în acest weekend. Startul evenimentului se va da sâmbătă la ora 10:00 în cadrul centrului Artcor, și va fi disponibil gratuit pentru audiența online. Printre speakerii evenimentului va fi și Directorul de Programe Jurnal TV și moderatorul talk-show-ului Ora Expertizei, Dumitru Mișin. Și tânărul compozitor Andrei Zapșa, numit și Harry Potter din Moldova va fi prezent la eveniment. Compozitor de suite simfonice, dirijor la Smile Youth Orchestra și Makassar Youth String Orchestra, autorul primei trilogii fantasy din Moldova și nu în ultimul rând profesor.

Persons: Dumitru Mișin, Alexandru, Spiru, Zapșa, Harry Potter, Dumitru, Bogdan Cazacu, Bogdan, Diana, Corina Musteață, Ștefan Popov, Mădălina, Alina Organizations: Universitatea, Spiru Haret, Studenților, Universitatea Internațională, Intel, Elevilor, Junior Locations: Chișinău, Harvard, Universitatea Kobe, Japonia, Moldova, Statele Unite, Republica Moldova, Kobe ( Kobe, Daigaku, San Francisco, Po, Franța, Cimișlia

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