Latest Tokyo Brief coverage on East Japan Railway Company, tracking filings, financial news, and market signals from Japan.
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Baby Calendar has agreed to pay ¥507mn for Orange Page's publisher, but only after JR East pulls out a roughly ¥2bn dividend, a sequencing the buyer says set the price and left a still-loss-making magazine business to absorb.
East Japan Railway is expanding its holding in century-old traction-equipment maker Toyo Denki Seizo to 20% of shares outstanding, a filing made as the supplier's full-year net profit rises 39.8% and its dividend climbs to ¥100 a share from ¥70.
East Japan Railway is lifting its holding in traction-equipment maker Toyo Denki Seizo to 20% through a ¥1.16bn treasury-share placement, and the supplier is sweetening its dividend even as it guides for a double-digit profit drop next year on China's rare-earth export curbs.
East Japan Railway is selling ¥50bn in unsecured bonds across three-, five- and ten-year tranches, the fourth drawdown from a shelf programme that runs until March 2027.