TonenGeneral to buy Mitsui Oil to create 3rd largest oil wholesaler

TonenGeneral to buy Mitsui Oil to create 3rd largest oil wholesaler

TOKYO, Japan - Jun Muto, president of oil wholesaler TonenGeneral Sekiyu K.K., announces at a news conference in Tokyo on Dec. 18, 2013, that the company will acquire a stake of nearly 90 percent in Mitsui Oil Co. for 24.9 billion yen from the trader on Feb. 4. The acquisition would allow the TonenGeneral group to rival Cosmo Oil Co. as Japan's third-largest oil wholesaler in terms of sales following JX Holdings Inc. and Idemitsu Kosan Co.

JX to take over TonenGeneral in Japan refinery consolidation

JX to take over TonenGeneral in Japan refinery consolidation

(From L) JX Nippon Oil & Energy Corp. President Tsutomu Sugimori, JX Holdings Inc. President Yukio Uchida, Chairman Yasushi Kimura, TonenGeneral Sekiyu K.K. President Jun Muto and Vice President Takashi Hirose pose for a photo after a press conference in Tokyo on Dec. 3, 2015. JX Holdings, Japan's largest oil refiner, said it has agreed in principle to take over its smaller rival TonenGeneral in 2017. (Kyodo) ==Kyodo

JX to take over TonenGeneral in Japan refinery consolidation

JX to take over TonenGeneral in Japan refinery consolidation

Yasushi Kimura (L), chairman of Japan's largest oil refiner JX Holdings Inc., and Jun Muto, president of TonenGeneral Sekiyu K.K., attend a press conference in Tokyo on Dec. 3, 2015. The two companies said the same day JX has agreed in principle to take over its smaller rival in 2017. (Kyodo) ==Kyodo

Lawmaker who piggybacked over puddle in hot water again

Lawmaker who piggybacked over puddle in hot water again

Undated file photo shows Shunsuke Mutai, Japan's parliamentary vice Cabinet Office minister who was cautioned last September for being carried over a puddle when he visited the site of deadly flooding in the northeastern prefecture of Iwate. Muto was given a firm caution by Chief Cabinet Secretary Yoshihide Suga and disaster management minister Jun Matsumoto on March 9, 2017, for joking at a fundraising party for himself the previous night that the "boot industry really made some money" as a result of his blunder. (Kyodo) ==Kyodo

JX, TonenGeneral finalize integration deal to form JXTG Holdings

JX, TonenGeneral finalize integration deal to form JXTG Holdings

(From L) TonenGeneral Sekiyu K.K. President Jun Muto, JX Holdings Inc. Chairman Yasushi Kimura and JX President Yukio Uchida attend a press conference in Tokyo on Aug. 31, 2016, announcing that the two oil refiners finalized an agreement to integrate their management in April to form the biggest oil refiner in Japan as JXTG Holdings Inc. (Kyodo) ==Kyodo