ILEA000019411: Resona applies for public funds, to cut jobs, expenses

Press conference by Japan's SBI, Taiwan's PSMC

Yoshitaka Kitao (L), chairman and president of Japanese financial group SBI Holdings Inc., and Frank Huang, chairman of Taiwan's Powerchip Semiconductor Manufacturing Corp., attend a press conference in Tokyo on Oct. 31, 2023. The two companies said they have selected the village of Ohira in Miyagi Prefecture, northeastern Japan, as the location for their planned joint chip factory.

Press conference by Japan's SBI, Taiwan's PSMC

Yoshitaka Kitao (L), chairman and president of Japanese financial group SBI Holdings Inc., and Frank Huang, chairman of Taiwan's Powerchip Semiconductor Manufacturing Corp., shake hands at a press conference in Tokyo on Oct. 31, 2023. The two companies said they have selected the village of Ohira in Miyagi Prefecture, northeastern Japan, as the location for their planned joint chip factory.

Rakuten, Japan Post in capital tie-up

Japanese e-commerce giant Rakuten Inc. Chairman and CEO Hiroshi Mikitani (L) and Japan Post Holdings Co. President and CEO Hiroya Masuda hold a joint press conference in Tokyo on March 12, 2021. The two companies said the same day Rakuten will sell an 8.32 percent stake to Japan Post for about 150 billion yen ($1.38 billion).

Rakuten, Japan Post in capital tie-up

Japanese e-commerce giant Rakuten Inc. Chairman and CEO Hiroshi Mikitani (L) and Japan Post Holdings Co. President and CEO Hiroya Masuda hold a joint press conference in Tokyo on March 12, 2021. The two companies said the same day Rakuten will sell an 8.32 percent stake to Japan Post for about 150 billion yen ($1.38 billion).

Rakuten, Japan Post in capital tie-up

Japanese e-commerce giant Rakuten Inc. Chairman and CEO Hiroshi Mikitani speaks at a press conference in Tokyo on March 12, 2021, with Japan Post Holdings Co. President and CEO Hiroya Masuda (not seen) also attending. The two companies said the same day Rakuten will sell an 8.32 percent stake to Japan Post for about 150 billion yen ($1.38 billion).

Rakuten, Japan Post in capital tie-up

Japan Post Holdings Co. President and CEO Hiroya Masuda speaks at a press conference in Tokyo on March 12, 2021, with Japanese e-commerce giant Rakuten Inc. Chairman and CEO Hiroshi Mikitani (not seen) also attending. The two companies said the same day Rakuten will sell an 8.32 percent stake to Japan Post for about 150 billion yen ($1.38 billion).

Rakuten, Japan Post in capital tie-up

Japanese e-commerce giant Rakuten Inc. Chairman and CEO Hiroshi Mikitani (L) and Japan Post Holdings Co. President and CEO Hiroya Masuda fist bump through a transparent acrylic board at a press conference in Tokyo on March 12, 2021, amid the novel coronavirus pandemic. The two companies said the same day Rakuten will sell an 8.32 percent stake to Japan Post for about 150 billion yen ($1.38 billion).

Japan Education Association estimates the cost of switching to September enrollment

The Japan Society for Educational Research (JSSER) (Chiyoda Ward, Tokyo; Teruyuki Hirota, President; Professor, Nihon University, College of Letters, Science and Technology) has estimated the cost of the government's plan to switch to September enrollment, which totals more than 6 trillion yen. The government, local governments and households will have to pay more than 1.816 trillion yen to cover the cost of the change, which will lead to the improvement of not only emergency response to the new coronavirus infection but also long-term educational issues.Photo: Teruyuki Hirota (right), president, and Akio Inui, chairman of the special committee to study the issue of September enrollment and the first day of school, at a press conference on May 22, 2020, at the Ministry of Education, Culture, Sports, Science and Technology in Kasumigaseki, Chiyoda-ku, Tokyo.

TEPCO's earnings announcement

Tomoaki Kobayakawa, president of Tokyo Electric Power Company Holdings Inc., pictured in Tokyo, announces its earnings results via video conference on May 15, 2020. Its group recurring profit in the year to March 2020 dropped 4.5 percent from the previous year to 264 billion yen. (Kyodo) ==Kyodo

JDI President Kikuoka at a press conference

Japan Display Inc. (JDI) has finalized a new fundraising framework totaling over 100 billion yen. In addition to raising 80-90 billion yen from Ichigo Asset Group, an independent investment fund, JDI will also sell some of its facilities at its Hakusan plant (Hakusan, Ishikawa Prefecture) to Apple Inc. On April 12, JDI announced that it had reached a basic agreement with Ichigo Trust to raise up to 90 billion yen from Ichigo. Minoru Kikuoka, president of JDI, explained the purpose of the framework at a press conference on January 12, saying, "We will sell assets in order to enhance our capital and at the same time minimize the impact on existing shareholders through dilution. He explained the purpose of the framework. Wistron, a major Taiwanese electronics manufacturing service (EMS) company, also intends to invest 50 million dollars (about 5.4 billion yen) in JDI. December 12, 2019, Tokyo, Japan; Credit: Nikkan Kogyo Shimbun / Kyodo News Images

Resona applies for public funds, to cut jobs, expenses

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Press conference by Japan's SBI, Taiwan's PSMC

Press conference by Japan's SBI, Taiwan's PSMC

Rakuten, Japan Post in capital tie-up

Rakuten, Japan Post in capital tie-up

Rakuten, Japan Post in capital tie-up

Rakuten, Japan Post in capital tie-up

Rakuten, Japan Post in capital tie-up

Japan Education Association estimates the cost of switching to September enrollment

TEPCO's earnings announcement

JDI President Kikuoka at a press conference