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The Mainichi
6 days ago
- Business
- The Mainichi
Tokyo stocks end slightly lower before election, earnings season
TOKYO (Kyodo) -- Tokyo stocks ended slightly lower after directionless trading Wednesday, as many investors took to the sidelines ahead of the House of Councillors election on the weekend and the start of the earnings season later this month. The 225-issue Nikkei Stock Average fell 14.62 points, or 0.04 percent, from Tuesday at 39,663.40. The broader Topix index finished 5.91 points, or 0.21 percent, lower at 2,819.40. On the top-tier Prime Market, decliners were led by real estate, pulp and paper and securities house issues. The U.S. dollar remained firm in Tokyo after hitting a three-month high of 149.03 yen in New York overnight on receding expectations of interest rate cuts by the Federal Reserve following higher-than-expected inflation data for June, dealers said. Stocks swung between positive and negative territory throughout the day amid growing caution as recent media polls have shown that the ruling parties are facing an uphill battle in Sunday's election and could lose their majority in the upper house, brokers said. "The Nikkei's 40,000 mark has been perceived by investors as a psychological barrier over the past two weeks," said Maki Sawada, a strategist at the Investment Content Department of Nomura Securities Co. "It's difficult for investors to keep buying ahead of the major events, with the earnings season starting after the upper house election," she said. Meanwhile, heavyweight semiconductor-related shares drew buying after major Dutch chip equipment maker ASML Holding N.V. released solid earnings in the afternoon.
Business Insider
08-07-2025
- Business
- Business Insider
Acquisition of Majority Shares in PEACEMIND Inc. (to Make It a Subsidiary) and Capital and Business Alliance
TOKYO, JAPAN, July 8th, 2025, FinanceWire TANABE CONSULTING GROUP CO.,LTD. (Headquarters: Yodogawa-ku, Osaka and Chiyoda-ku, Tokyo; Representative Director, President and CEO: Takahiko Wakamatsu; listed on TSE Prime Market; Stock Code: 9644; hereinafter "the Company"), at the Board of Directors meeting held on May 26, 2025, resolved to acquire a majority stake in PEACEMIND Inc. (Headquarters: Chuo-ku, Tokyo; Representative Director, CEO: Hideto Ogiwara; hereinafter "PEACEMIND") to make it a subsidiary, and to enter into a capital and business alliance with the company, and announces this decision. PEACEMIND is a pioneer in Employee Assistance Program (EAP) services industry in Japan, celebrating its 27th year since establishment. Under its vision of "creating a 'Hataraku wo Yoku Suru* ecosystem' to fill society with vibrant people and workplaces," the company provides consulting services for "working people and organizations" to approximately 1,400 companies, primarily large enterprises. The company employs approximately 100 professionals, including clinical psychologists, psychiatric social workers, public health nurses, industrial counselors, CEAP (Certified Employee Assistance Professionals), career consultants, and certified psychologists. Additionally, PEACEMIND has numerous bilingual counselors (including partner counselors) on staff. The company's activities extend beyond Japan, with partnership networks spanning 14 countries and global coverage across more than 200 countries and regions. PEACEMIND leverages its high level of expertise through experienced counselors and consultants well-versed in psychology and behavioral science, providing comprehensive solutions to employees, management, and organizations. These solutions include EAP, Stress Check-up Service, training and development programs, harassment prevention support, leave and return-to-work support, occupational health support services, and wellness programs—all designed to create a "Hataraku wo Yoku Suru ecosystem." *"Hataraku wo Yoku Suru" is a registered trademark of PEACEMIND Inc. in Japan, meaning "working better." The company's proprietary digital platform, "Working Better Cloud (WBC)," features integrated organizational management functions that provide one-stop counseling services and Stress Check-up Service, for employees, supporting the performance optimization of working people and their organizations. 1. Main Services Provided by PEACEMIND (1) EAP (Employee Assistance Program) Specialists such as clinical psychologists and certified psychologists provide counseling and consulting services to support problem-solving for individual employees and organizations. (2) Stress Check-up Service Comprehensive support from stress check implementation through organizational analysis to organizational improvement consulting. (3) Learning and Development Programs Providing training programs designed for human resource development and creating vibrant teams and workplaces. (4) Harassment Prevention Support Comprehensive support from current situation assessment through harassment case resolution, prevention, and recurrence prevention. (5) Medical Leave and Return-to-Work Support Specialists collaborate with HR personnel, managers, and occupational health staff to support smooth workplace reintegration for employees on mental health leave and stable employment and performance after return to work. (6) Crisis Support Support for early recovery of employees and organizational performance when unexpected crises such as disasters or workplace accidents occur. (7) Occupational Health Support Services Strengthening mental health measures and improving efficiency of occupational health operations through collaboration between occupational physicians and EAP. (8) Wellness Programs Leveraging global networks to utilize cutting-edge wellness program knowledge from around the world, supporting employee physical and mental health improvement and creating vibrant workplaces. (9) "Hataraku wo Yoku Suru" e-Learning Series Mental health prevention solutions for "working people" and "organizations" developed under supervision of mental health specialists, based on numerous consultation cases and latest workplace issues. 2. Capital Alliance Details The Company plans to acquire PEACEMIND's common shares through purchase from existing shareholders and subscription to third-party allotment of new shares by the company. Following this share acquisition, the Company is expected to hold 54.9% of PEACEMIND's total issued shares. 3. Rationale for Share Acquisition and Capital and Business Alliance The Company will enter the "Corporate Well-being Market." Corporate well-being refers to initiatives that focus on employees' physical and mental health, aiming to improve happiness at work and workplace environments, and solving organizational and individual employee issues through various measures. The market size in Japan is expected to reach approximately 117 billion yen by 2033*, and the Company anticipates continued growth as corporate interest and needs further increase. The capital and business alliance between TANABE CONSULTING GROUP, a pioneer in management consulting in Japan, and PEACEMIND, a pioneer in EAP services in Japan, will enable the Company to provide world-class professional services and proprietary management consulting services to large and mid-sized enterprises. This will enable multifaceted and comprehensive approaches to address issues in human resources/human capital—a challenge for both society and management—including talent strategy, human resource development, HR systems, DE&I organizational development, health management, workplace environment, and individual employee problem-solving, thereby delivering value that enhances organizational performance. *Reference: IMARC Group "Japan Corporate Wellness Market 2025-2033" 4. Capital and Business Alliance to Advance Group Vision In the Company's medium-term management plan (2021-2025) "TCG Future Vision 2030," the Company aims to "create a proprietary management consulting model" that provides comprehensive support from management strategy formulation to implementation through professional DX services for large enterprises to small and medium-sized companies, with a focus on upper mid-sized companies. There are a few examples of corporate well-being specialists joining management consulting groups. This alliance will strengthen the Company's "HR Consulting" capabilities within the Company's management consulting domain. Additionally, the implementation of PEACEMIND's "Hataraku wo Yoku Suru Platform—Working Better Cloud (WBC)" system will enable the Company to provide new "Professional DX Services." This creates particularly strong synergies with the "DE&I" and "Women's Career Advancement Research Institute" value propositions offered by Surpass, which joined the Group last year, enabling sustainable growth and social value creation. Together with the Company's group companies—Tanabe Consulting (strategy and management consulting), Leading Solutions (B2B digital marketing), Growin' Partners (comprehensive M&A support including cross-border transactions and back-office BPR/DX support), Jaythree (branding and CX design), Kartz Media Works (strategic PR domestically and internationally), and Surpass (DE&I organizational development)—the Company's proprietary corporate value of "diverse professional talent" will maximize group synergies through our "co-creation model" to solve strategic challenges faced by corporate top management. 5. Executive Comments (1) PEACEMIND Inc. Representative Director, CEO Hideto Ogiwara "As a pioneer in EAP services in Japan and Asia, PEACEMIND has advanced our 'Hataraku wo Yoku Suru' business under the mission of 'solving workplace challenges and creating a prosperous future for working people.' In the evolving market environment in Japan, maximizing limited human capital and achieving sustainable growth requires enhancing the well-being of working people and organizations—a critical management agenda. Collaborating with the Company, management consulting pioneer in Japan, will create powerful synergies with top management approach consulting, enabling us to strengthen and accelerate support for companies and working people. We look forward to creating new high added value through this unprecedented partnership between a management consulting firm and an employee well-being support company that is unparalleled in the world. We will continue advancing our vision of 'filling society with vibrant people and workplaces' by guiding clients toward their ideal state for working people and organizations." (2) TANABE CONSULTING GROUP CO.,LTD. Representative Director, President and CEO Takahiko Wakamatsu "We are delighted to achieve this unprecedented capital and business alliance in the management consulting industry between TANABE CONSULTING GROUP called management consulting pioneer in Japan since 1957, and PEACEMIND, called the EAP services pioneer in Japan and Asia. This brings us another step closer to 'Toward the One & Only Management Consulting Group in the World.' By entering the 'Corporate Well-being Market,' we will provide HR and organizational consulting that advances human capital management and enhances people and organizational well-being through the Company's approximately 900 professional organization (50:50 gender ratio DE&I organization). The high-level integration of TANABE CONSULTING GROUP's purpose 'Supporting decisions with love, changing the world' and PEACEMIND's vision of 'creating a Hataraku wo Yoku Suru ecosystem to fill society with vibrant people and workplaces' will certainly enhance well-being of people and organizations across large to mid-sized enterprises and small to medium-sized companies. We also look forward to increased co-creation value across all our management consulting domains and Group companies. We will continue advancing 'everything for client success and a bright future.'" PEACEMIND Inc. Company Profiles Company Name: PEACEMIND Inc. Representative: Representative Director, CEO Hideto Ogiwara Establishment: September 1998 (Incorporated: March 2004) Capital: 90.25 million yen Total Employees: 98 (as of April 1, 2025) Headquarters: Maruito-Ginza #3 Bldg. 8F, 3-10-6, Ginza Chuo-ku, Tokyo HP: TANABE CONSULTING GROUP CO.,LTD. Company Profiles Company Name: TANABE CONSULTING GROUP CO.,LTD. Representative: Representative Director, President and CEO Takahiko Wakamatsu Establishment: October 16, 1957 Net Sales: 14.54 billion yen (FY March 2025) Capital: 1.772 billion yen Total Employees: 809 (Group total, as of May 1, 2025) Stock Exchange: Tokyo Stock Exchange Prime Market Contact Takahiko Wakamatsu
The Mainichi
07-07-2025
- Business
- The Mainichi
Tokyo stocks end lower amid caution over U.S. tariffs
TOKYO (Kyodo) -- Tokyo stocks ended lower Monday as investors cautiously waited for developments over U.S. tariffs after President Donald Trump said letters with new unilateral rates will be sent to some countries this week. The 225-issue Nikkei Stock Average lost 223.20 points, or 0.56 percent, from Friday at 39,587.68. The broader Topix index finished 16.23 points, or 0.57 percent, lower at 2,811.72. On the top-tier Prime Market, decliners were led by bank, nonferrous metal and iron and steel issues. The U.S. dollar climbed to the lower 145 yen range in Tokyo after directionless trading in the absence of fresh trading cues, dealers said. The Nikkei stock index traded mostly lower as many investors refrained from trading actively amid uncertainty over whether Japan is among the countries the letters are to be sent to this week, with a pause on so-called reciprocal tariffs set to expire on Wednesday. "President Trump may be reluctant to reduce tariff rates" as he needs to secure revenues through levies after his tax cut bill was passed by Congress, said Masahiro Yamaguchi, head of investment research at SMBC Trust Bank. "The market's current atmosphere appears a bit optimistic, thus facing the risk of a sharp slide," he added. The market was also dragged down by concern over the adverse impact of U.S. tariffs on the performance of Japanese companies as robotics company Yaskawa Electric tumbled after revising down on Friday its earnings outlook for the business year through February, citing demand uncertainty.
Mid East Info
17-06-2025
- Automotive
- Mid East Info
Daimler Truck, Mitsubishi Fuso, Hino and Toyota Motor Corporation conclude Definitive Agreements on integrating Mitsubishi Fuso and Hino Motors
Daimler Truck and Toyota Motor Corporation pleased to announce conclusion of Definitive Agreements to integrate Mitsubishi Fuso and Hino on equal footing Bu ndling forces to establish a new strong Japanese truck powerhouse to the benefit of all stakeholders New combined company with over 40,000 employees with the scale, resources, and technology leadership to shape the future of the commercial vehicle landscape in the Asia-Pacific region and beyond Aiming for new listed holding company to start operations in April 2026 Daimler Truck AG (President and CEO: Karin Rådström, hereafter 'Daimler Truck') Mitsubishi Fuso Truck and Bus Corporation (President and CEO: Karl Deppen, hereafter 'Mitsubishi Fuso'), Hino Motors Ltd. (President and CEO: Satoshi Ogiso, hereafter 'Hino') and Toyota Motor Corporation (President and CEO: Koji Sato, hereafter 'Toyota') today concluded Definitive Agreements for the integration of Mitsubishi Fuso and Hino. Collaboration Details (main points): Mitsubishi Fuso and Hino will integrate on an equal footing and cooperate in the areas of commercial vehicle development, procurement, and production. Aiming for new listed holding company to start operations in April 2026. Daimler Truck and Toyota will each aim to own 25% of the (listed) holding company of the integrated Mitsubishi Fuso and Hino. The holding company plans to own 100% of Mitsubishi Fuso and Hino. The intention is to list the holding company on the Prime Market of the Tokyo Stock Exchange. Holding company CEO: Karl Deppen Headquarter location: Tokyo (Japan) Further details on the scope and nature of the collaboration, including the name of the new holding company, are intended to be announced over the coming months. The deal will proceed to closing subject to approval from the relevant boards, shareholders and authorities. Commercial vehicles support daily life through the movement of people and goods and are an important form of mobility that can be considered 'social infrastructure'. With this collaboration, the four companies have been seeking a meaningful way to create the future of commercial vehicles. Based on the common desire to 'contribute to an affluent society through mobility', the four companies are proceeding with their collaboration and are now pleased to announce the exciting next stage. By integrating Mitsubishi Fuso and Hino Motors, the companies aim to improve business efficiency in areas such as development, procurement and production. With this, they expect to significantly enhance the competitiveness of Japanese commercial vehicle manufacturers and strengthen the foundation of the automotive industry in Japan and Asia. The new holding company shall proudly contribute to customers, various stakeholders, and the automotive industry by helping to solve issues surrounding commercial vehicles, such as carbon neutrality and logistics efficiency, while striving to realize a sustainable and prosperous mobility society and to strengthen the commercial vehicle business globally through the development of CASE technologies (Connected, Autonomous, Shared, Electric), including hydrogen. Statements from each company Karin Rådström, CEO, Daimler Truck: 'The now decided integration of Mitsubishi Fuso and Hino Motors is truly historic. We are bringing together two strong partners to form an even stronger company and to successfully shape the decarbonization of transportation. Together, Mitsubishi Fuso and Hino Motors have great potential to leverage scale – and scale is key to win in the technological transformation of our industry. Karl Deppen is an experienced and strong leader who comprehends the whole value chain of our business, and I'm therefore convinced that he can bring the new company to the next level . ' Koji Sato, CEO, Toyota: 'We believe that the future is for us to build together. Today's final agreement is not the goal but the starting line. Our four companies, aiming to achieve a sustainable mobility society, will continue to create the future of commercial vehicles together.' Karl Deppen, CEO, Mitsubishi Fuso and designated CEO of new holding company: 'Today is a great day for all our stakeholders. We are shaping the industry by bundling our strengths. With a strong new company we combine our two trusted brands, our resources, competencies and expertise to even better support our customers in their transportation needs in the future. I feel honored and excited to be the designated leader of the new company and am grateful for the trust and encouragement from Toyota and Daimler Truck to make it happen.' Satoshi Ogiso, CEO, Hino: 'Cooperation among these 4 companies is truly 'once-in-a-lifetime opportunity'. In addition to operational synergy, we can expect immeasurable synergy affection from synthesizing different culture and climate of us. Under commonly aimed aspiration, we are confident with building strong and resilient team to empathizing with each other and contributing to society. As a new commercial vehicle company rooted in Japan, we collaboratively create ever better future.'
The Mainichi
11-06-2025
- Automotive
- The Mainichi
Toyota, Daimler ink Japanese truck units merger deal for April 2026
TOKYO (Kyodo) -- Toyota Motor Corp. and Daimler Truck Holding AG said Tuesday they concluded an agreement to merge their Japanese truck subsidiaries under a new holding company, aiming to boost competitiveness and better respond to challenges posed by energy transition and technological innovation. Hino Motors Ltd., a subsidiary of Toyota Motor, and Mitsubishi Fuso Truck and Bus Corp., a unit of Daimler, will operate under the holding company to be set up in April 2026 and listed on the Tokyo Stock Exchange's Prime Market, with the parent companies each holding a 25 percent stake in the new firm. The holding company yet to be named will have more than 40,000 employees and be led by Mitsubishi Fuso Truck CEO Karl Deppen, Toyota Motor and Daimler Truck said. In terms of voting rights, Daimler Truck will hold 26.7 percent and Toyota Motor will have 19.9 percent, they said. "With our combined expertise, passion and resources, this new company will provide new levels of quality, efficiency and technology to our customers," Deppen said at a press conference on the same day. Satoshi Ogiso, president of Hino Motors, said, "The industry for commercial vehicles has numerous issues that need to be addressed. We will require even more speed, flexibility and investment." The merger plan originally announced in May 2023, and initially slated to be finalized in March 2024, had stalled due to a fraudulent emissions data scandal by Hino Motors. Hino Motors has reported a record net loss of 217.7 billion yen ($1.5 billion) in the business year through this March due to settlement costs related to the data falsification. The issue came to light in 2022 as the company admitted to submitting fabricated emissions and fuel economy data to transport authorities. It has agreed to settle class action lawsuits in Australia, the United States and Canada.
