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JAPAN-REIT:Issuance of Investment Corporation Bond

Apr 20, 2018
byInvestment in Japan

JAPAN-REIT>Advance Residence's announcementAdvance Residence Investment Corporation (ADR) announced today its decision to issue investment corporation bond as follows, based on the general resolution on ADR bond issuance adopted at the Board of Directors' Meeting held on July 26, 2017.Total Amount of Bond 1,500 million yen >NIPPON REIT's announcementNIPPON REIT Investment Corporation announces that it has decided to issue investment corporation bonds.Total issue amount 2 billion yen.

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Recent News

Private Equity In Japan: Announcement by Japanese Management Companies

Apr 19, 2018
byInvestment in Japan

Private Equity in Japan>Unison Capital's announcementUnison Capital is pleased to announce that Unison Capital Partners III, L.P. and other funds for which we serve as advisors have entered into a definitive agreement to transfer all outstanding shares of ATC Holdings Co., Ltd., a holding company of Asahi Tec Corporation (“Asahi Tec”) to Topy Industries, Limited (“Topy Industries”). >CLSA Capital Partners' announcementCLSA Capital Partners, the asset management business of CLSA, is pleased to announce that Sunrise Capital II’s (“Sunrise II”) portfolio company, Lcode Ltd. (“Lcode”) has acquired 100% of the shares of PCN Inc. (“PCN”) and EYE QUALITY Co., Ltd. (“EYE QUALITY”). Sunrise II is a CLSA Capital Partners fund that invests in established, mid-cap companies with strong growth potential in Japan.  

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Recent News

JAPAN-REIT: Sale of Investment Units by the Major Unitholders

Apr 18, 2018
byInvestment in Japan

J-REIT>Invincible Investment's announcementInvincible Investment Corporation ("INV") hereby announces that today INV has been informed of the following matters relating to a possible sale of INV's investment units (the "Transaction") by Calliope Godo Kaisha ("Calliope") and Rayo Godo Kaisha ("Rayo" and together with Calliope, the "Sellers"). Calliope and Rayo are both affiliates (Note) of Fortress Investment Group LLC (together with its affiliates, "Fortress Group").

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Recent News

Today's Pick

Apr 18, 2018
byAkane Hashimoto

Investors stand to gain from Japan's corporate governance reforms"By reducing cross shareholdings, companies will be required to face investors who are looking for better governance and better profitability. "

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Recent News

Japan Private Equity: Invest in The world's first company is using optical comb technique for inline measurement in industry

Apr 17, 2018
byInvestment in Japan

Private Equity in Japan>INCJ's announcementInnovation Network Corporation of Japan (INCJ) announced today its decision to invest in Optical Comb, Inc., (Optical Comb) a company which develops and markets high-precision, non-contact measuring instruments applying the optical comb technique. INCJ has decided to invest a maximum of JPY400 million in growth capital to promote new business development.

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Recent News

JAPAN-REIT: Acquisition of Investment Asset

Apr 16, 2018
byInvestment in Japan

Japan-REITAdvance Residence's announcementAD Investment Management Co., Ltd. (ADIM) the asset management company to which Advance Residence Investment Corporation (ADR) entrusts the management of its assets announced its decision today to have ADR acquire an asset in Japan.

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Recent News

Japan Private Equity: Invests in NHOSA a leading electronic health record system provider in the dental sector

Apr 13, 2018
byInvestment in Japan

Private Equity in Japan>Sunrise Capital's announcementCLSA Capital Partners, the asset management business of CLSA, is pleased to announce that Sunrise Capital III has invested in NHOSA Corporation, a leading electronic health record system provider operating primarily in the dental sector. Sunrise III is a CLSA Capital Partners fund that invests in established, mid-cap companies with strong growth potential in Japan.

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Recent News

JAPAN-REIT: Asset Acquisition and Lease (Scheduled Purchase Price Total 60,000 million yen)

Apr 11, 2018
byInvestment in Japan

J-REIT>Invesco's announcement①Invesco Office J-REIT, Inc. ("Investment Corporation") announces that Invesco Global Real Estate Asia Pacific, Inc. ("Asset Management Company"), an asset management company that is contracted out to manage assets, has decided today on the acquisition and leasing of assets. >Invesco's announcement②The borrowed funds will be used as part of the funds, as well as the related expenses, for acquiring the assets scheduled to be acquired by the Investment Corporation 

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Recent News

Today's Pick

Apr 11, 2018
 

Japan Has Perfected the Niche Business Model. Just Ask These ‘Boneheads’"Another good example of a niche targeted business." SoftBank waived day-to-day control of Fortress to win deal "Cfius pressure…" Revision of the Corporate Governance Code and Establishment of Guidelines for Investor and Company Engagement"FSA had announced a draft revision of the current corporate governance code. First time duties of asset owners are covered. "

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Recent News

JAPAN-REIT: Acquisition of Property (Konami Sports Club Shibuya)

Apr 10, 2018
byInvestment in Japan

J-REIT>Kenedix Retail's announcementKenedix Retail REIT Corporation ("KRR") announced today that Kenedix Real Estate Fund Management, Inc. ("the Asset Manager"), the asset manager for KRR, has decided to acquire the property.

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Recent News

Private Equity In Japan: Agreement to Transfer Shares of SHICATA Co., Ltd.

Apr 10, 2018
byInvestment in Japan

Private Equity>Integral's announcementIntegral Corporation is pleased to announce that Integral Corporation and Integral 1 Limited Partnership (collectively "Integral") concluded a share transfer agreement (hereinafter the "Agreement") with IDEA International Co., Ltd. (TSE JASDAQ 3140; hereinafter "IDEA International"). Under the Agreement, all shares of SHICATA Co., Ltd. (hereinafter "SHICATA") are transferred to IDEA International.  

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Noriyuki Morimoto's Blog

Rebuilding the Lost Myth in Japan

Apr 10, 2018
byNoriyuki Morimoto

Once upon a time, a farmer at his deathbed told his lazy sons that there was treasure hidden somewhere in his vineyard. After his death, the sons dug up the entire vineyard but could not find anything. Instead, they had a great harvest. Above is the well-known Aesop Fable called The Farmer and His Sons? The moral is that hard work itself is a treasure. This fable is quoted by philosophers including Georg Simmel and Walter Benjamin as having a deep significance. The philosophical point of discussion is that the sons took the farmer’s lie as a fact: a historical truth without any room for doubt, and this was supported by the father’s authority that let a lie pass as truth. Every ethnic group has its own myths of origin and traditional tales. While a lot of the myth may be high-flying fantasy, the ethnic members more or less have faith in it. In other words, the scope of which the myth holds some authority defines the scope of ethnic groups, in the same way that believing in the farmer’s lie made his sons his sons after all. Companies also have what are called myths of origin, traditions, cultures, beliefs, or philosophies. This is not the personal conviction of the founder or management, but something that grew out of it to be shared by the organization, breathed like air, believed in, and becoming a natural discipline of the members of the organization. This may be the myth around past success, but also becomes a driving force for the company’s future growth. In the past, Japanese companies often had a more or less religious kind of atmosphere, singing company songs and chanting corporate philosophies like dedicating an ode. But the myth has long been lost. How can this myth be rebuilt? We can’t just get employees to sing the company songs as a ritual again. Take the myth of technological strength: we see various projects in which small companies with high processing technologies take on difficult tasks, and attract much public attention when they succeed. But such projects do not hold much economic rationale. The intention here is to foster the belief in technological strength to the level of a myth. Commissioner Mori of the Japan Financial Services Agency is also putting effort in creating a myth in the finance industry. “Creation of shared value with the customer” is a myth. Financial institutions should hold the conviction that they would benefit not from pursuing their own profits but from taking action for the customers’ benefit. In that sense, this is a myth they have to believe in.

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