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Computer industry

Japanese Business News Roundup: Major Acquisitions and Expansion

Strategic Insights

— 1 min read

Softbank Corp., a major Japanese wholesaler of computer software products and publisher, is set to acquire the exhibition division of Ziff-Davis Communications Co. for $200 million. This move marks a significant expansion of Softbank's presence in the global exhibition market. Meanwhile, Toyota Motor Corp. has announced plans to manufacture minivans for North American markets at its Kentucky plant, beginning in 1996. In addition, Yanase & Co., Japan's largest dealer of imported cars, will start paying in yen for imported cars from Adam Opel AG of Germany, marking a shift away from German marks. Furthermore, Jusco Co., a major Japanese supermarket operator, is set to open a large shopping complex in Qingdao, China in 1996, in partnership with a local agricultural association.

Key Takeaways:

  • Softbank Corp. will acquire the exhibition division of Ziff-Davis Communications Co. for $200 million, expanding its presence in the global exhibition market.
  • Toyota Motor Corp. will manufacture minivans for North American markets at its Kentucky plant, beginning in 1996.
  • Yanase & Co. will pay in yen for imported cars from Adam Opel AG of Germany, indicating a shift away from German marks.
  • Jusco Co. will open a large shopping complex in Qingdao, China in 1996, in partnership with a local agricultural association.
  • The complex will feature locally-produced goods, aiming to cater to area consumers.
  • 10 of 11 Japanese commercial banks are expected to post year-on-year declines in their net operating profits for the first half of fiscal 1994.
  • Fujitsu Ltd. will launch a sales campaign of its model FM-V IBM-compatible computer and increase the number of IBM-compatible parts used in other models.

Statistics:

  • Softbank Corp. is acquiring the exhibition division of Ziff-Davis Communications Co. for $200 million.
  • Toyota Motor Corp. will begin manufacturing minivans for North American markets in 1996.
  • 10 of 11 Japanese commercial banks are expected to post year-on-year declines in their net operating profits for the first half of fiscal 1994.
  • Fujitsu Ltd. will increase the number of IBM-compatible parts used in its models.

Sources:

  • The Nihon Keizai Shimbun
  • The Yomiuri Shimbun
  • The Asahi Shimbun

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