Article Archive
All Tokyo Brief articles
1811 articles · newest first
Sep 17, 2026 · 2 min read
Japan's SME policy lender is selling 556.5 million unlisted treasury shares to hundreds of small businesses and cooperatives, with no single buyer topping 1.1%, to fund a pivot into advisory, digital and investment-banking services rather than a stock listing.
Sep 17, 2026 · 2 min read
Synspective's new syndicated loan, arranged by Mizuho Bank and backed by Japan's three megabanks plus ten other lenders, funds satellite manufacturing and launches, but two financial covenants will test the company's net assets and quarterly liquidity over the loan's five-year, three-month term, and Synspective now expects total borrowing costs, reflecting both the larger facility size and higher interest rates than assumed, to run about ¥187mn above its original internal assumption, a figure only partly built into its published guidance for the year to December 2026.
Sep 17, 2026 · 2 min read
TEPCO Power Grid borrowed under five separate loan agreements this month, and two of them tie lender rights to profit and asset tests at the entire TEPCO Holdings group rather than just the subsidiary itself, with all five loans due on the same day in March 2027.
Sep 17, 2026 · 2 min read
Keywest Network's tender offer for Future Corporation has closed with the buyer group at 82.88% of the company, financed largely by a ¥106bn Sumitomo Mitsui Banking Corporation loan secured against the shares themselves, and a share consolidation to force out remaining holders is now planned for late November or early December.
Sep 17, 2026 · 2 min read
A Japanese consortium ran a naphtha cracking furnace on 85% ammonia fuel by putting its main burners on 100% ammonia while flame-shaping burners stayed on methane off-gas, holding nitrogen-oxide emissions at existing levels, with full ammonia firing and commercial-scale trials still to come.
Sep 17, 2026 · 2 min read
Bain Capital and LINE Yahoo's revised ¥3,597 tender offer for Kakaku.com shares remains below the rival Kamgras 1 bid of ¥3,680, and only a non-tender agreement with KDDI, which would lift the price to ¥3,720, could change that before Kakaku.com's board and special committee decide which offer to back.
Sep 17, 2026 · 2 min read
The Cabinet Office's monthly report keeps Japan's economy on a moderate-recovery track for August, but singles out the Middle East situation and natural-disaster risk as the only named threats to that call, alongside a flat reading on industrial production.
Sep 17, 2026 · 2 min read
Businesses with 20 or fewer employees in Kumamoto Prefecture can now claim two-thirds of recovery costs, capped at ¥2mn, under a disaster-support subsidy tied to the 2026 Kumamoto earthquake.
Sep 17, 2026 · 2 min read
Tokyo will cover half the cost of moving intractable-disease certification paperwork online, but the payout is capped at ¥50,000 per medical institution, a modest offset against the system upgrades the shift requires.
Sep 17, 2026 · 2 min read
Japan's state export-import bank is putting up to $440,000 into the Indiana subsidiary of a small Aichi auto-parts maker, part of a $640,000 syndicate with Hyakugo Bank that marks the company's second US financing since 2021.
Sep 17, 2026 · 2 min read
Japan's markets regulator will let respondents in surcharge hearings appear by video and file evidence electronically from November 30, but its public-comment responses show it declined stricter camera checks and a ban on personal USB drives connecting to its own terminals.
Sep 17, 2026 · 2 min read
Chinese visitor numbers to Japan collapsed 59% in August after Beijing advised its citizens against travel there, erasing gains from record-setting demand in South Korea, Taiwan and a dozen other markets.
Sep 17, 2026 · 3 min read
Tokyo's cabinet has locked in a two-year cut to the consumption tax on food and drink, and Japan's finance minister says the shortfall must come from spending and revenue reviews, not deficit-covering bonds that investors would have to absorb.
Sep 16, 2026 · 2 min read
JUSTPLANNING is selling all three of its solar plants to Tokyu Fudosan and booking a ¥293mn gain that lifts its net-profit forecast 39.6% to ¥670mn, even though the sale itself trims sales and operating profit and ends the company's entire solar segment from October 1.
Sep 16, 2026 · 2 min read
Kameda Seika will hand its full 49% stake in a loss-making Indian rice-cracker venture to majority partner LT Foods, ending a nine-year attempt to build the category there, with the sale price undisclosed and completion due in late October.
Sep 16, 2026 · 2 min read
To comply with a farmland law that bars non-farmers from majority voting control, Fujita Corporation is taking only 40% of the vote in a Hokkaido dairy farm it is buying for about ¥139mn, while non-voting preferred shares hand it 99.4% of the economics.
Sep 16, 2026 · 2 min read
Under a sponsor agreement signed September 16, Ledax will pay ¥670mn for full ownership of a new company that inherits Harika's roughly 100 stores and 450 corporate clients, while Harika's bank borrowings stay with the renamed original entity and closing is targeted for January 5, 2027.
Sep 16, 2026 · 2 min read
Kringle Pharma raised its annual sales guidance and narrowed its projected loss for the year to September 2026 after signing an exclusive Japan licensing deal with Maruishi Pharmaceutical for an experimental vocal-fold-scar treatment, under which it will record a ¥100 million upfront fee as revenue this fiscal year, with roughly half of the improved loss forecast coming instead from ¥108 million of development spending that shifted into next year.
Sep 16, 2026 · 2 min read
Owners of specified buildings in Japan would face a new triennial test for PFOS and PFOA in drinking-water supplies if a draft health-ministry ordinance, open for comment until October 15, takes effect as planned in May 2027.
Sep 16, 2026 · 2 min read
Shionogi cleared a Japanese approval adding a booster dose to its Omicron JN.1 COVID-19 vaccine, completing the technical groundwork for supplying future season-matched shots, but the approved formulation itself won't be sold because it doesn't match the strain designated for the 2026-2027 season.
Sep 16, 2026 · 2 min read
Shionogi and Torii Pharmaceutical secured Japanese approval to prescribe a 0.5% version of their non-steroid eczema cream to children under 12, backed by a trial in patients aged 2 to under 12 showing it beat plain vehicle cream over eight weeks with good long-term tolerability.
Sep 16, 2026 · 2 min read
Japan's financial regulator finalized a new supervisory checkpoint asking whether investment-trust managers take reasonable steps to match liquidity, such as setting redemption terms to the liquidity of the assets they hold or introducing a variable trust-property reserve, effective October 2027, after a public comment argued the change does nothing to curb high fees charged to ordinary savers.
Sep 16, 2026 · 2 min read
Audiostock, the Okayama-based operator of the Audiostock stock-music licensing platform, listed on the Tokyo Stock Exchange Growth Market on September 16, 2026, after swinging from an operating loss three years ago to a 25.3% margin on ¥1.51bn in revenue; the company now guides for 16% revenue growth but a 25.6% drop in net profit this year as a one-off tax benefit unwinds.
Sep 16, 2026 · 2 min read
Three Integral-linked funds that held 85% of interior-fit-out maker Oliver's votes fell to zero percent on its Tokyo Standard market debut, though millions of shares remain on loan to Nomura until mid-October and Oliver is guiding for an 8.5% revenue rise with a 70% payout ratio this year.