Takashi Umekawa
Stories by Takashi Umekawa
Japan’s SMFG brokerage arm to set up wholly-owned firm in China
The decision comes close on the heels of rival Nomura Holdings getting the regulatory approval to launch its majority-owned joint venture.
SMFG seeks to expand into brokerage, consumer finance in Asia
The bank was a “serious bidder” for a controlling stake in Indonesia’s PT Bank Permata Tbk.
Japan’s Nomura names Kentaro Okuda as new CEO to lead turnaround
The brokerage is in cost-cutting mode after last year recording its first annual loss in a decade.
Japan’s SBI Holdings, Fukushima Bank to form capital, strategic tie-up
Fukushima will issue new shares to SBI for 222 yen each for a total investment of 1.11 billion yen, making it the biggest shareholder.
SMFG, OCBC competing to acquire majority stake in Indonesia’s Bank Permata
Takeover interest in Permata gained ground after StanChart said its investment in the bank was no longer core.
Applied Materials to acquire Japan’s Kokusai Electric for $2.2b in cash deal
The move comes amid rising competition for providing cutting-edge semiconductors for use in 5G telecommunications equipment.
Japanese lender SMFG eyes Philippines, India in Asia growth push
SMFG, like other Japanese lenders, has been stepping up overseas investments in the past few years as it continues to face razor-thin margins at home.
Japan’s Mizuho building warchest for Asia fintech investments
The Japanese megabank looks to chart a different path from its bigger rivals.
Daiichi Sankyo looking to sell OTC drug unit for about $900m
It had earlier hired JPMorgan to advise on the potential sale of the unit, Daiichi Sankyo Healthcare.
