Japanese Billionaire's Acquisitive Streak Hits Roadblock
This story is part of Forbes' coverage of Japan's Richest 2025. See the full list here.
After decades of successful bolt-on acquisitions, Shigenobu Nagamori, founder and chairman of precision-motor giant Nidec, hit a roadblock in his hostile bid for machine-tool maker Makino Milling Machine.
ss
The ¥257 billion ($1.8 billion) tender offer—unusual in Japan, where such deals are negotiated privately—was set to open in April, but in March, Makino, which had ¥234 billion in revenue in the year through March, said it would mount a 'poison pill' takeover defense if Nidec didn't give it more time to consider potential competing proposals. Nidec asked the Tokyo District Court to halt Makino's plan, but the petition was dismissed and the company withdrew its bid.
For Nidec, which posted ¥2.6 trillion in revenue in the year through March, the offer was part of its strategy to turn machine tools, which account for less than 10% of its sales, into a ¥1 trillion business over the next decade. Nagamori's wealth dropped to $2.8 billion on a 27% slide in Nidec shares over the past year.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
19 minutes ago
- Yahoo
How Tariffs Might Be Impacting the U.S. Trade Deficit
Key Takeaways The U.S. trade deficit fell for the third month as President Donald Trump's tariff policies began taking hold. Census Bureau data showed that both imports and exports declined in June. Economists said that the recent decline mainly reflects normalization in international trade as businesses work through the imported inventory they stocked up on ahead of tariff announcements. While imports from China fell, trade from nearby countries picked up to fill the Donald Trump has said that one of the goals of higher tariffs was to close the U.S. trade deficit with other nations. So far, things appear to be moving in that direction, as the trade deficit in June declined to its lowest level in nearly two years. According to Census Bureau data released Tuesday, the U.S. trade deficit in goods and services was $60.2 billion in June, down more than 16% from May. It's the lowest trade deficit since September 2023. However, tariffs may not be affecting the trade deficit in the way some expected so far. Economists from Wells Fargo said some of the data indicate an 'unwinding of behavioral effects." After Trump unveiled his tariff plans earlier this year, businesses rushed to import products before higher import taxes could be applied, sending the trade deficit soaring. Now, with the tariffs largely set, the trade deficit is beginning to fall back to normal levels. 'Businesses pulled forward demand in Q1, resulting in a massive import surge. With a surplus of product and inventory on hand, imports fell in all three months of the second quarter, ' wrote Wells Fargo economists Shannon Grein and Tim Quinlan. Imports From China Decline, as Do U.S. Exports Still, imports of Chinese products declined by nearly 7% in June despite a trade truce that lowered tariffs. Since the start of the year, the share of imports from China has been more than cut in half, though trading with countries like Indonesia, Malaysia and Taiwan has increased, the data showed. 'Other trading partners in Asia have mostly filled the void, increasing their share by roughly the same amount,' said Matthew Martin, senior economist at Oxford Economics. While overall imports were lower by 3.7% in June, U.S. exports also took a step back. 'Exports are not poised to record strong growth going forward, but stronger foreign currencies and an opening up of foreign markets may bolster U.S. exports—though admittedly this will take time to play out,' wrote Nationwide Financial Markets Economist Oren Klachkin. Read the original article on Investopedia
Yahoo
19 minutes ago
- Yahoo
Atlas-SSI Expands Capabilities with Acquisition of WTR Engineering
MONTICELLO, Miss., Aug. 5, 2025 /CNW/ -- Atlas-SSI, Inc. ("Atlas-SSI" or the "Company"), North America's premier provider of water management solutions, announced today the strategic acquisition of WTR® Engineering ("WTR"), a trusted leader with over 100 years of expertise in mechanical water filtration. This acquisition enhances Atlas-SSI's ability to provide comprehensive and robust water management solutions across diverse industries, including municipal, industrial, utility, and commercial sectors. WTR Engineering is widely recognized for its expertise in identifying and solving complex water filtration issues, such as raw water intakes for industrial plants, condenser protection for power plants, and headworks challenges in sewage treatment facilities. The company's experienced team specializes in providing economical, reliable, and customized equipment solutions, from initial greenfield project concepts to upgrades and turnkey installations. "This acquisition is another milestone in our growth strategy, strengthening our position as the leading end-to-end water management solutions provider in North America," said Paul Lewis, CEO of Atlas-SSI. "Integrating WTR's century-long expertise and innovative solutions with our existing portfolio expands our capabilities and allows us to better serve our customers' evolving needs." Atlas-SSI will leverage WTR's deep technical knowledge and proven track record to enhance its product offerings, including the Talon Rake®, traveling water screens, fish-friendly screens, debris handling equipment, wastewater headworks, and stormwater management systems. Additionally, this acquisition provides Atlas-SSI with enhanced capabilities, further solidifying its role as an industry leader in sustainable water management. "Joining Atlas-SSI represents an exciting opportunity for WTR to reach new markets and customers," said Ryan Holbrook from WTR Engineering. "Together, we will continue to deliver innovative and reliable solutions, ensuring optimal performance and environmental sustainability for our customers." Atlas-SSI remains committed to delivering advanced water management solutions that protect mission-critical assets, preserve water ecosystems, and promote sustainability by reducing environmental impact through innovative technologies and practices. About Atlas-SSIAtlas-SSI is North America's leading full-service provider of water management solutions, protecting mission-critical assets and water ecosystems through its comprehensive portfolio of screens, gates, barriers, wastewater treatment equipment, and related services. Atlas-SSI's certified field service and dive teams deliver nationwide capabilities for turnkey installations, inspections, maintenance, and service support. For more information, visit Media Contacts Henry WatsonAtlas-SSI, Inc. info@ View original content to download multimedia: SOURCE Atlas-SSI, Inc View original content to download multimedia: 擷取數據時發生錯誤 登入存取你的投資組合 擷取數據時發生錯誤 擷取數據時發生錯誤 擷取數據時發生錯誤 擷取數據時發生錯誤
Yahoo
19 minutes ago
- Yahoo
MEXC Pushes into Southeast Asia With Deal Valuing Indonesian Exchange at $200 Million
Licensed crypto exchange Triv, based in Indonesia, has received a strategic equity investment from MEXC Ventures, the investment arm of global crypto platform MEXC. The deal values Triv at $200 million and reflects MEXC's growing focus on Southeast Asia, as Indonesia's crypto market enters a new phase of institutional participation and regulatory clarity. Leo Zhao, investment director at MEXC Ventures, told Decrypt the investment was 'structured as pure equity, not tokens or convertible instruments,' and is part of the group's broader expansion strategy in Southeast Asia. 'Triv's regulatory track record, user base, and infrastructure made it a high-conviction candidate,' he said, adding that the deal reflects MEXC's push to support 'local champions with strong compliance profiles' as institutional adoption grows across the region. MEXC Ventures declined to disclose the investment amount, citing a confidentiality agreement with Triv. The deal follows a major shift in Indonesia's crypto tax policy, which took effect as the month opened. Under a new finance ministry regulation, sellers of digital assets on domestic exchanges will now pay a 0.21% final income tax, at double the previous rate, while those using overseas platforms face a steeper 1% levy, per a Reuters report. Buyers, however, are no longer subject to value-added tax. Tokocrypto, a local exchange, said in the aforementioned report that the changes reflect Indonesia's shift in classifying crypto as a financial asset rather than a commodity, signaling a more formal regulatory phase for one of Southeast Asia's fastest-growing crypto markets. These measures are part of a broader transition in oversight from the commodities regulator BAPPEBTI to the Financial Services Authority (OJK), signaling a more institutional phase of market development. 'Natural fit' for expansion Zhao said the decision to back Triv stemmed from its 'proven market leadership' and alignment with local regulations, calling the Indonesian platform a 'natural fit for a long-term strategic partnership.' He noted that the timing reflects MEXC's wider ambitions to grow in high-potential, regulated markets across Southeast Asia. Founded in 2015, Triv is one of Indonesia's longest-running digital asset platforms. The exchange is fully licensed to offer spot trading, staking, and derivatives, and claims over 3 million registered users. It also operates a crypto media division, CryptoWave, and supports more than 1,000 digital assets including Bitcoin, Ethereum, meme coins, and synthetic U.S. stock products. Toncoin Jumps After '8-Figure' Investment by MEXC Ventures Triv said the deal would help expand products, boost liquidity, and strengthen infrastructure amid rising compliance demands. It will retain operational independence. MEXC Ventures signaled more regional investments may follow. The partnership would allow Triv to scale while maintaining its identity, Zhao said. 'For Triv's users, partnership with MEXC means enhanced services and reliability coupled with the core values and independence that have earned their trust over the last nine years,' he told Decrypt. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
