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Top related persons:
Miho Uranaka - 1 Rakuten - 1 Hiroshi - 1 Mickey - 1 Mikitani - 1 Anton Bridge - 1 Edwina Gibbs - 1 Toru Hanai - 1
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Search resuls for: "Japan Post Holdings"


4 mentions found


☆ Rakuten Group's losses, debt burden and financing efforts
  + stars: | 2023-11-29 | by ( Anton Bridge | ) www.reuters.com   time to read: +2 min
Here are some details about its deeply troubled mobile business, the group's operating losses, debt burden and its efforts to shore up its finances. It had 351 billion yen ($2.4 billion) in annual sales last year and accounts for 18% of Rakuten's overall revenue. Rakuten Group currently has total debt of more than 1.5 trillion yen, of which 800 billion yen is due to be redeemed by the end of 2025. Nov 2022 - sells 19.99% of Rakuten Securities to Mizuho Securities for 80 billion yen. Nov 2023 - sells a further 29% of Rakuten Securities to Mizuho Securities for 87 billion yen.
Persons: Miho Uranaka, Rakuten, Hiroshi, Mickey, Mikitani, Anton Bridge, Edwina Gibbs Organizations: REUTERS, Rights, Rakuten, Reuters Graphics Reuters, Reuters Graphics, Japan Post Holdings, HK, Walmart, Rakuten Securities, Mizuho Securities, Rakuten Bank, Thomson Locations: Yokohama, Kanagawa, Japan, Japanese
☆ Nomura cuts about 10 investment banking jobs in Hong Kong - sources
  + stars: | 2023-10-25 | by ( Scott Murdoch Selena Li | Scott Murdoch | Selena Li | ) www.reuters.com   time to read: +2 min
Investors stand in front of a screen showing the logo of Nomura Holdings in Tokyo, Japan, December 1, 2015. REUTERS/Toru Hanai/File Photo Acquire Licensing RightsSYDNEY, Oct 25 (Reuters) - Japanese investment bank Nomura Holdings (8604.T) has laid off about 10 of its Hong Kong-based investment bankers, including some who were focused on China-related deals, said two sources with direct knowledge of the matter. The Japanese investment bank has seen its China-linked fortunes slipping lately. Its fortunes in regional equity capital markets were boosted by its leading advisory role in March on the $9.24-billion stake sale by Japan Post Holdings (6178.T) in Japan Post Bank Co(7182.T). Reporting by Scott Murdoch in Sydney and Selena Li in Hong Kong Editing by Helen PopperOur Standards: The Thomson Reuters Trust Principles.
Persons: Toru Hanai, Nomura, LSEG, Goldman Sachs, Scott Murdoch, Selena Li, Helen Popper Our Organizations: Nomura Holdings, REUTERS, Rights, Reuters, Japan Post Holdings, Japan Post Bank Co, Bank of America, Citigroup, UBS, Hong, Thomson Locations: Tokyo, Japan, Hong Kong, China, Asia, Sydney
☆ Japan Post’s deal will test interest rate optimism
  + stars: | 2023-02-28 | by ( ) www.reuters.com   time to read: +2 min
HONG KONG, Feb 28 (Reuters Breakingviews) - The $12 billion triple initial public offering of the Japan Post Group by the government in 2015 was done in the name of economic efficiency. After a brief rally, the collective market value of the three companies it comprises has declined from a peak of 18 trillion yen to below 10 trillion yen, per Datastream. The Ministry of Finance holds over a third of Japan Post Holdings (6178.T), which in turn retains big stakes in the banking and insurance units – although it has trimmed the latter to below 50%. Japan Post Holdings plans to unload shares worth up to $9.3 billion, Reuters reported, reducing its stake to below 65%. It’s a huge deal in a rickety market but the prospect of interest rate normalisation could see more investment into domestic banks – Japan Post Bank shares have rallied this year alongside local peers.
☆ Japan Post Holdings to sell down stake in Japan Post Bank in $9 bln deal
  + stars: | 2023-02-27 | by ( ) www.reuters.com   time to read: +1 min
TOKYO, Feb 27 (Reuters) - Japan Post Holdings (6178.T) will sell down its stake in Japan Post Bank (7182.T) to under 65% from the current 89%, it said on Monday, in a deal that could be worth about 1.26 trillion yen ($9.25 billion). Announcing the secondary offering, Japan Post Bank said its parent would sell about 975 million shares globally, including agreenshoe option of 28.4 million shares overseas. With an overallotment of an additional 113.6 million shares in the domestic market, the sale could exceed 1 billion shares, which would reduce Japan Post Holdings' stake in the banking arm to 60%. Along with separately announced share buybacks and retirement of treasury shares, Japan Post Bank said it would meet the Tokyo Stock Exchange's requirements on share liquidity and help clear the way to stay listed on the top section of the bourse. Japan Post Bank said it would buy back up to 4.5%, or 150 billion yen worth of its own shares and cancel them.
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