ILEA001095909: (1)Orient to ask Mizuho for 150 bil. yen capital boost

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

Shoko Chukin Bank's shady loans totaled 260 bil. yen

TOKYO, Japan, Oct. 25 Kyodo - Shoko Chukin Bank President Kenyu Adachi (L) receives a business improvement order from Hisayoshi Ando, head of the Small and Medium Enterprise Agency, in Tokyo on Oct. 25, 2017. An internal probe at the government-backed lender for smaller firms has found it handed out 260 billion yen ($2.3 billion) in shady loans, according to sources close to the matter.

Honda's group net profit down for 1st time in 3 yrs

TOKYO, April 28 Kyodo - Tetsuo Iwamura, executive vice president of Honda Motor Co., announces the company's earnings results for the year ended in March 2015 at a press conference in Tokyo on April 28, 2015. Honda's group net profit fell for the first time in three years, down 8.9 percent from a year earlier to 522.76 billion yen ($4.4 billion), hurt by recall-related costs and sluggish sales in Japan.

Panasonic vows 1 tril. yen investment toward FY 2018 sales goal

TOKYO, March 26 Kyodo - Kazuhiro Tsuga, president of Panasonic Corp., briefs reporters on the company's business plan for the fiscal year through March 2016 in Tokyo on March 26, 2015. Tsuga said Panasonic Corp. will spend 1 trillion yen ($844 billion) to carry out "strategic investment" projects centering on mergers and acquisitions, to increase annual sales to 10 trillion yen by fiscal 2018.

Sharp expected to post 200 bil. yen net loss

OSAKA, March 3 Kyodo - The headquarters of Japanese electronics maker Sharp Corp. stands in the city of Osaka, western Japan, on March 3, 2015. The company is expected to incur about 200 billion yen ($1.7 billion) in group net loss for the fiscal year to March 31 as it is considering additional restructuring steps, including the closure of four factories in Hiroshima Prefecture, sources close to the matter said the same day.

TEPCO expects 227 bil. yen pretax profit in FY 2014

TOKYO, Japan - Tokyo Electric Power Co. Chairman Fumio Sudo attends a press conference at the company's headquarters in Tokyo on Dec. 17, 2014. TEPCO, which operates the disaster-hit Fukushima Daiichi nuclear plant, said it expects to record a group pretax profit of 227 billion yen for the business year ending March 2015 on the back of deeper cost-cutting, remaining in the black for the second straight year.

Otsuka to buy U.S. biopharmaceutical firm Avanir for $3.5 bil.

TOKYO, Japan - Tatsuo Higuchi, president of Otsuka Holdings Co., attends a press conference in Tokyo's Minato Ward on Dec. 2, 2014, on the planned acquisition by its subsidiary Otsuka Pharmaceutical Co. of California-based biopharmaceutical firm Avanir Pharmaceuticals Inc. for $3.54 billion through a tender offer to be followed by a merger. The Japanese nutrition product and drug manufacturer will pay $17 per Avanir share in the takeover bid through its U.S. subsidiary.

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.

Sumitomo projects 240 bil. yen in losses

TOKYO, Japan - Sumitomo Corp. President and CEO Kuniharu Nakamura attends a press conference in Tokyo, Japan, on Sept. 29, 2014. The trading giant expects a total of 240 billion yen in losses in the year ending in March over a poorly performing oil development project in Texas and a fall in coal prices.

Toyota to launch hydrogen fuel cell vehicle in Japan by March 2015

TOKYO, Japan - Mitsuhisa Kato, executive vice president of Toyota Motor Corp., briefs reporters on the company's sedan-style hydrogen fuel cell vehicle at a press conference in Tokyo on June 25, 2014. Kato said Toyota will begin selling the fuel car in Japan by March 2015 with a retail price of around 7 million yen.

(1)Orient to ask Mizuho for 150 bil. yen capital boost

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