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Tokyo Brief東 京 ブ リ ー フJapan's day, wrapped and delivered by morning.

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1811 articles · newest first

  1. Aug 25, 2026 · 2 min read

    Terra Drone Is the Only Company to Clear Japan's Interceptor-Drone Trial

    Terra Drone was the only company to pass Japan's interceptor-drone demonstration test, its Terra B1 model chosen from four finalists narrowed out of 38 initial bidders, and the defense agency is targeting a mass-production contract by late August, while Terra Drone says the earnings impact is still under review.

  2. Aug 25, 2026 · 3 min read

    Tokio Marine splits stock 15-for-1, adds three-year loyalty perk

    Tokio Marine will multiply its share count fifteenfold on October 1 to shrink the ticket price for retail buyers, but its new shareholder perk pays out only after three years of continuous holding, and while the ¥200bn buyback budget is unchanged, the split-adjusted dividend forecast is only substantively, not exactly, the same as before.

  3. Aug 25, 2026 · 3 min read

    Resonac to Spin Off Its Petrochemicals Arm, Handing Shareholders the Unit's Stock Directly

    Resonac will distribute shares in its petrochemicals subsidiary directly to its own shareholders on a one-for-one basis, a ¥37.8bn book-value dividend that drops its stake below 20% and pulls the unit out of its consolidated results, assuming Tokyo Stock Exchange approves the listing planned for September 29 ahead of the October 1 distribution.

  4. Aug 25, 2026 · 2 min read

    Japan Drafts Distance and Capacity Rules for Power Plant Rebuilds

    Japan's environment ministry wants a lighter environmental review for thermal, geothermal and wind plants rebuilt on their existing site, but only if the new unit stays within 300 metres and does not outgrow the old one by more than a set ratio.

  5. Aug 24, 2026 · 2 min read

    SAXA's Early-Retirement Offer Draws 138 Takers, 18 More Than Planned

    138 employees at SAXA and its service subsidiary accepted the electronics maker's early-retirement offer, overshooting a 120-person target, and the company has already booked a ¥1.269bn charge for the extra severance and outplacement costs, with the overflow bill still being worked out.

  6. Aug 24, 2026 · 2 min read

    Daiwa Warns a Thinly Traded ETF Traded Below NAV for a Week, Peaking Near 10%

    Daiwa Asset Management says its iFreeETF MSCI Japan Human and Physical Investment Index fund (ticker 1479) closed as much as 10.2% below net asset value for seven straight sessions in August, blaming low trading volume for a broken arbitrage link and warning further gaps could recur.

  7. Aug 24, 2026 · 2 min read

    Activist Investor Group Lifts Combined Noritz Stake to 11.65%

    An activist consortium led by NIPPON ACTIVE VALUE FUND now controls 11.65% of Noritz, up a full percentage point from its prior disclosure, and it says further shareholder proposals could follow if talks with management stall.

  8. Aug 24, 2026 · 2 min read

    Marui Sells ¥50bn Zero-Coupon Bonds to Fund Fintech Growth, Times a ¥15bn Buyback to Match

    The retail-and-fintech group is borrowing at zero interest to fund growth across its group subsidiaries, including credit-card unit Epos Card, while ordering a same-day buyback of 5.01mn shares worth roughly ¥15bn, a structure meant to lift ROE and EPS while keeping bondholders from converting until the stock climbs well above today's price.

  9. Aug 24, 2026 · 2 min read

    Abalance Calls Emergency Shareholder Vote After Auditor Won't Sign Off Annual Accounts

    Abalance Corporation must ask shareholders to approve its year-to-March 2026 accounts at a September 30 extraordinary meeting because its auditor issued a disclaimer of opinion, unable to verify paid-supply transaction accounting, internal controls or the going-concern assumption, and next year's audit contract remains unsettled.