ILEA001079174: DKB, Fuji, IBJ announce joint holding company

Mizuho Financial Group's 20th anniversary

File photo taken in August 1999 shows (from L) Dai-Ichi Kangyo Bank President Katsuyuki Sugita, Industrial Bank of Japan President Masao Nishimura and Fuji Bank President Yoshiro Yamamoto joining hands after a joint press conference at which they announced a plan to integrate their operations. Mizuho Financial Group Inc., the result of their merger, marked the 20th anniversary of its establishment on Sept. 29, 2020.

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

Softbank cuts profit forecast

TOKYO, Japan - Masayoshi Son (R), president of Softbank Corp., announces the company's earnings forecast for fiscal 2014 at a press conference in Tokyo on Nov. 4, 2014. Softbank cut its group operating profit forecast for the year through March 2015 to 900 billion yen from 1 trillion yen, citing a slump at its U.S. mobile unit Sprint Corp.

Suntory eyes 4 tril. yen group sales

TOKYO, Japan - Suntory Holdings Ltd. President Nobutada Saji (R) and Matt Shattock, chairman and chief executive officer of Suntory subsidiary Beam Suntory Inc., shake hands during a press conference in Tokyo on May 15, 2014. Suntory Holdings is aiming to achieve group sales of 4 trillion yen in 2020 by boosting global sales of Beam Suntory, the world's third-largest spirits company created after the buyout of U.S. distiller Beam Inc.

Toyota expects 36% profit jump

TOKYO, Japan - Toyota Motor Corp. President Akio Toyoda (L) and Nobuyori Kodaira, an executive vice president, attend a press conference in Tokyo on May 8, 2013, to release the company's earnings report for the just-ended fiscal 2012 and earnings forecast for fiscal 2013. Japan's largest automaker said it expects to book a group operating profit of 1.8 trillion yen for the current business year ending in March 2014, up 36.3 percent from the year before, on the back of a weaker yen and brisk sales in North America and Asia.

Fast Retailing aims for record 1 tril. yen in sales

TOKYO, Japan - Tadashi Yanai, president and chairman of Fast Retailing Co., holds a press conference at a Tokyo hotel on Oct. 11, 2012. Fast Retailing said the same day it aims to achieve record group sales of more than 1 trillion yen for the current business year ending in August 2013, on the back of robust growth of its Uniqlo casual clothing chain business in Asia.

Daikin to acquire Goodman

OSAKA, Japan - Noriyuki Inoue (L), chairman and chief executive officer of Daikin Industries Ltd., and David Swift, president and chief executive officer of Goodman Global Inc., shake hands during a press conference in Osaka on Aug. 29, 2012. Daikin, the world's largest air conditioner maker, said the same day it will acquire U.S. rival Goodman for $3.7 billion, or about 290 billion yen, by the end of 2012.

JAL's negative net worth reaches around 1 tril. yen

TOKYO, Japan - Japan Airlines Corp. President Masaru Onishi, seated next to company Chairman Kazuo Inamori, speaks during a news conference in Tokyo on June 30, 2010. JAL announced the same day that its negative net worth -- liabilities in excess of assets -- has expanded to about 1 trillion yen.

JAL to put off submitting rehabilitation plan from June to Aug.

TOKYO, Japan - Japan Airlines Corp. Chairman Kazuo Inamori (R), seated next to JAL President Masaru Onishi, speaks about a delay in submitting the company's business turnaround plan to the Tokyo District Court during a news conference in Tokyo on May 25, 2010. Inamori said that JAL, which is undergoing a state-backed rehabilitation process, will delay submitting the plan from late June as initially targeted to the end of August.

DKB, Fuji, IBJ announce joint holding company

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