Latest news with #MitsubishiUFJ
Japan Times
5 days ago
- Business
- Japan Times
SmartNews planning to hire Mitsubishi UFJ and Nomura for Tokyo listing
Japanese news aggregation app operator SmartNews has hired Mitsubishi UFJ Morgan Stanley Securities and Nomura Holdings as lead managers for its initial public offering, according to a person familiar with the matter. SmartNews, valued at $2 billion in 2021, may list in Tokyo as early as next year, the person said, asking not to be identified because the information isn't public. The Japanese firm has met global investors in cities including Hong Kong, Singapore, New York and London to gauge investors' interest, according to people with knowledge of the matter. SmartNews said in an emailed response that no decision has been made. Nomura's representative declined to comment, while Mitsubishi UFJ was not immediately available. The potential listing of SmartNews will add to the momentum of sizable global deals in Japan. JX Advanced Metals in March raised ¥439 billion ($3 billion) in the nation's biggest listing since SoftBank Corp., while lender SBI Shinsei Bank has applied to get relisted. The nation's IPO market has raised ¥551 billion so far this year, more than double the same period last year, according to data compiled by Bloomberg. Founded in 2012, SmartNews uses algorithms to sift through global content and provides access to news from more than 3,000 media sources. The company also has a user base in the U.S.
Yahoo
08-07-2025
- Business
- Yahoo
Mitsubishi UFJ Financial Group, Inc. Announces Filing of Annual Report on Form 20-F for the Year Ended March 31, 2025
TOKYO, July 08, 2025--(BUSINESS WIRE)--Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG)(TOKYO:8306)(ISIN:JP3902900004)(MUFG) hereby announces that it has filed its Annual Report on Form 20-F for the fiscal year ended March 31, 2025 (the "Annual Report") with the U.S. Securities and Exchange Commission on July 7, 2025. The Annual Report includes MUFG's audited consolidated financial statements prepared under U.S. GAAP as of and for the fiscal year ended March 31, 2025. The Annual Report is available on our website at the following website address: In addition, all shareholders may receive a hard copy of the Annual Report free of charge upon request at our website. Such request should be made to below: View source version on Contacts Mitsubishi UFJ Financial Group, Takahashi,Managing Director, Head of Financial Accounting and Reporting, Financial Accounting Office, Financial Planning DivisionTel: +81-3-3240-8111 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
Zawya
04-07-2025
- Business
- Zawya
Japan's 10-year bonds track US Treasury declines after strong jobs data
TOKYO - Japan's 10-year government bonds (JGBs) inched down on Friday, tracking declines in U.S. Treasuries after strong U.S. jobs data bolstered the case for the Federal Reserve to keep interest rates on hold. The 10-year JGB yield rose 0.5 basis point (bp) to 1.445%. Yields move inversely to bond prices. U.S. Treasury yields advanced on Thursday after data showed the world's largest economy created more jobs than expected last month. "Japan's yields tracked U.S. Treasury yields higher, but the moves were limited amid a lack of market-moving cues ahead of the weekend," said Takahiro Otsuka, a senior fixed income strategist at Mitsubishi UFJ Morgan Stanley Securities. The five-year yield was flat at 0.985%, after hitting 1% earlier in the session. The two-year JGB yield was flat at 0.745%. The 20-year JGB yield was flat at 2.36%. The 30-year JGB yield edged up 0.5 bp to 2.86%. The yield jumped 6 bps in the previous session after a weak auction of the bonds. The 40-year JGB yield was flat at 3.125%. The 10-year JGB futures were 0.07 point higher at 139.94. (Reporting by Junko Fujita; Editing by Rashmi Aich)
Reuters
03-07-2025
- Business
- Reuters
Nippon Steel to raise $5.6 billion in subordinated loans to fund U.S. Steel deal
TOKYO, July 3 (Reuters) - Japan's Nippon Steel (5401.T), opens new tab said on Wednesday it would raise 800 billion yen ($5.6 billion) through two subordinated loans to partially fund its recent $14.9 billion acquisition of U.S. Steel and refinance previous loans. Japan's biggest steelmaker will use a 500 billion yen subordinated loan to partially repay a 2 trillion yen bridge loan secured in June for the deal. A separate 300 billion yen loan will refinance a previous 450 billion yen subordinated loan. The 500 billion yen loan will be covered by Japan's three megabanks - Mitsubishi UFJ Financial Group (8306.T), opens new tab, Sumitomo Mitsui Financial Group (8316.T), opens new tab and Mizuho Financial Group (8411.T), opens new tab - as well as by Sumitomo Mitsui Trust Group (8309.T), opens new tab and Development Bank of Japan by September 18, a Nippon Steel spokesperson said. The 300 billion yen portion will come from four banks - the three megabanks and Sumitomo Mitsui Trust - on July 22. The remaining 1.5 trillion yen of the bridge loan will be financed through a combination of methods, based on an assessment of interest rates, market conditions and other factors, the spokesperson said. "While additional capital-based financing is among the options under consideration, any such move would be based on the principle of avoiding earnings-per-share (EPS) dilution," the spokesperson said. Following the acquisition, Nippon Steel's debt-to-equity ratio rose to about 0.8 from 0.35 as of March 31 due to the bridge loans and a loss on the sale of its stake in a U.S. joint venture with ArcelorMittal ( opens new tab. Nippon Steel decided to sell its joint venture stake to help get approval for the U.S. Steel acquisition. The company aims to bring the ratio down to the 0.7 range by the end of March 2026 through measures such as cash flow from earnings and asset sales. ($1 = 143.9000 yen)
CNA
03-07-2025
- Business
- CNA
Nippon Steel to raise $5.6 billion in subordinated loans to fund US Steel deal
TOKYO :Japan's Nippon Steel said on Wednesday it would raise 800 billion yen ($5.6 billion) through two subordinated loans to partially fund its recent $14.9 billion acquisition of U.S. Steel and refinance previous loans. Japan's biggest steelmaker will use a 500 billion yen subordinated loan to partially repay a 2 trillion yen bridge loan secured in June for the deal. A separate 300 billion yen loan will refinance a previous 450 billion yen subordinated loan. The 500 billion yen loan will be covered by Japan's three megabanks - Mitsubishi UFJ Financial Group, Sumitomo Mitsui Financial Group and Mizuho Financial Group - as well as by Sumitomo Mitsui Trust Group and Development Bank of Japan by September 18, a Nippon Steel spokesperson said. The 300 billion yen portion will come from four banks - the three megabanks and Sumitomo Mitsui Trust - on July 22. The remaining 1.5 trillion yen of the bridge loan will be financed through a combination of methods, based on an assessment of interest rates, market conditions and other factors, the spokesperson said. "While additional capital-based financing is among the options under consideration, any such move would be based on the principle of avoiding earnings-per-share (EPS) dilution," the spokesperson said. Following the acquisition, Nippon Steel's debt-to-equity ratio rose to about 0.8 from 0.35 as of March 31 due to the bridge loans and a loss on the sale of its stake in a U.S. joint venture with ArcelorMittal. Nippon Steel decided to sell its joint venture stake to help get approval for the U.S. Steel acquisition. The company aims to bring the ratio down to the 0.7 range by the end of March 2026 through measures such as cash flow from earnings and asset sales. ($1 = 143.9000 yen)
