News & Insights

Recent News

Fund-Raise/Corporate Action

Oct 20, 2017
byInvestment in Japan

・Japan Real Estate Investment Corporation made a decision issuance of U.S. dollar-denominated investment corporation bond.・Shiseido Company, Limited made the decision building a new factory in Ohtawara City,Tochigi Prefecture. Click the following link for more information.Japan Real Estate's announcementShiseido's announcement

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Recent News

Corporate Action

Oct 19, 2017
byInvestment in Japan

・Mitsubishi Tanabe Pharma has announced the completion of acquisition of NeuroDerm Ltd.・Idemitsu Kosan Co.,Ltd. decided to transfer of the upstream business in the UK North Sea. Click the following link for more information.Mitsubishi Tanabe Pharma Corporation's announcementIdemitsu Kosan's announcement

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Recent News

J-REIT

Oct 18, 2017
byInvestment in Japan

・Frontier Real Estate Investment Corporation made a decision execute short-term borrowings. Click the following link for more information.Frontier Real Estate Investment's announcement

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Recent News

Today's Pick

Oct 18, 2017
byAkane Hashimoto

Scandals May Lead To Reform In Stagnant Corporate Japan, Economists SayKobe Steel scandal strikes another blow to Japan Inc Japan Inc. scandals build case for corporate reform"High quality institutional investors shall push Japanese culture to the right direction. However, the chain of lies we saw are awful. May be time to look at entrepreneurs." World Bank Group, GPIF Join Forces to Mobilize Capital Markets For Sustainable Investments"Goal would be to eliminate investing in troubled companies."

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Recent News

Fund-Raise -- Debt Finance --

Oct 17, 2017
byInvestment in Japan

・J-REIT corporations* made a decision these borrowing.*MORI TRUST Sogo Reit, Inc.,Nippon Accommodations Fund Click the following link for more information.MORI TRUST Sogo Reit's announcementNippon Accommodations's announcement

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Recent News

J-REIT

Oct 16, 2017
byInvestment in Japan

・Hulic Reit, Inc. made the decision to acquire, lease, and transfer the property listed.・Invincible Investment Corporation announced that the acquisition of assets has been completed. Click the following link for more information.Hulic Reit's announcementInvincible's announcement

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Recent News

Private Equity in Japan

Oct 13, 2017
byInvestment in Japan

・Innovation Network Corporation of Japan (INCJ) made a decision the investment up to 3.23 billion yen in Suzutoku HD through a third-party allocation of shares. Click the following link for more information.INCJ's announcement

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Recent News

Fund-Raise -- Bond/Debt Finance --

Oct 12, 2017
byInvestment in Japan

・Tokyo Century Corporation made a decision to issue unsecured bonds.・Nippon Building Fund, Inc. made a decision these borrowing. Click the following link for more information.Tokyo Century's announcementNippon Building Fund's announcement(Debt Financing)Nippon Building Fund's announcement(Debt Refinancing) 

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Recent News

Today's Pick

Oct 11, 2017
byInvestment in Japan

Japan's big banks showcase fintech at Ceatec show"Japanese banks getting into Fintech world"

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Recent News

Private Equity in Japan

Oct 11, 2017
byInvestment in Japan

Nileworks Inc. will raise a total of 800 million yen by private placement of new shares to the Innovation Network Corporation of Japan, other 5 companies.*Nileworks is working to develop an agricultural business of providing rice growers with agricultural drones Click the following link for more information.INCJ's announcement

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Recent News

Corporate Action

Oct 10, 2017
byInvestment in Japan

・MS&AD Insurance Group Holdings, Inc. made a decision investmenting in ReAssure, a leading Closed Book Life *Consolidator in the UK Click the following link for more information.MS&AD's announcement

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Noriyuki Morimoto's Blog

The Impact of Nomura’s Reform Announcement

Oct 10, 2017
byNoriyuki Morimoto

On April 14, Nomura Securities announced its new management principles regarding sales of investment trusts. It was a response to policies disclosed by the Financial Services Agency (FSA) on March 30, but its quick reaction and contents that deeply reflect the intentions of the FSA made a strong impression on the financial industry. In its principles, Nomura stated that when selecting its lineup of investment trust products, it would pick high quality products from a wide range of options not restricted to those of group companies. It would also refer to research and analysis by rating agencies and choose products that are evaluated above a certain level. And by “group companies”, it is referring to Nomura Asset Management. This announcement suggests that up to now, Nomura had been treating Nomura Asset Management in a special way, essentially allowing a situation risking conflict of interest. Despite such a risk, it had been shrugging off the doubt claiming that there was no proof of active damage to the clients. However, based on the new management principles, Nomura Asset Management would become just one of many management companies. The significance of this new management principle is in the strengthened management of conflict of interest. But not only that: Nomura reviewed its process of selecting investment trusts and went another step to improve the quality of its product lineup. This dramatic change of Nomura Securities, more than being a serious response to the FSA’s policies, is likely evidence of its attempt to overhaul its business model. It is an expression of the company’s sense of urgency that there is no future in keeping the existing way of doing things. This change would probably be a fundamental and substantial one that would alter the course of Nomura’s history. Clearly, this reform would change the profit structure including dependency on sales commissions: in the short term, a decrease in revenue and profits is probably inevitable. Nevertheless, Nomura took a mid- to long- term view to improve its profit structure by increasing its compensation according to the amount of client assets, thereby increasing its corporate value. This is a great development. I wish for Nomura’s success, also for the future of Japan’s financial industry.

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