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Japan Post to sell part of Australia's Toll, booking $645m loss

Japan Post to sell part of Australia s Toll, booking $645m loss
Japan Post Holdings will unload part of Australian logistics company Toll Holdings to an Australian investment fund for around 1 billion yen ($9.23 million), absorbing a massive loss in the deal, Nikkei has learned.
By selling Toll s logistics and home delivery operations in Australia and New Zealand to Allegro Funds, Japan Post will assume several billion dollars worth of debt and log an extraordinary loss of about 70 billion yen or roughly $645 million for the fiscal year ended in March 2021.
The sale marks the latest chapter in the Japanese postal group s troubled ownership of Toll, which it acquired in 2015 for 620 billion yen in hopes of gaining international logistics know-how for fresh growth. The deal will force Japan Post, which is majority owned by the government, to reconsider its international strategy. ....

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Tokyo stocks turn higher on U.S. tech strength

Tokyo stocks turn higher on U.S. tech strength
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JIJI
Apr 1, 2021
Tokyo stocks rallied on Thursday, the start of fiscal 2021, assisted by the strength of technology issues on Wall Street.
The 225-issue Nikkei average gained 210.07 points, or 0.72%, to close at 29,388.87, after losing 253.90 points on Wednesday.
The Topix index of all first section issues rose 3.64 points, or 0.19%, to finish at 1,957.64, following a 23.86-point drop the previous day.
Overnight gains of the tech-heavy U.S. Nasdaq composite index boosted mainly technology stocks in the Tokyo market from the opening bell. ....

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Tokyo stocks rally on buybacks

Tokyo stocks snapped a three-session losing streak Monday, with economic recovery prospects spurring buybacks. The 225-issue Nikkei average rose 138.11 poi ....

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Need an app? This Japanese start-up has a platform for that

(Feb 15): “There’s an app for that,” so the old iPhone slogan goes.
But in a country like Japan that’s struggling to find enough engineers and programmers, locating someone who can create an app is easier said than done.
That glaring need has fueled investor expectations for local startup Yappli Inc., which designs off-the-shelf apps that clients can manage locally without needing to hire programmers. Its shares have almost doubled since its Tokyo listing at the end of December, giving it a market cap of about US$750 million.
Chief Executive Officer Yasubumi Ihara and Chief Technology Officer Masafumi Sano, both Yahoo Japan alums, started the company after an arduous attempt at creating their own app just as smartphones started to boom in Japan in the aftermath of the earthquake and tsunami in 2011. ....

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"동학개미 투심 잡아라"…증권가 '이모저모' 마케팅 변천사

"동학개미 투심 잡아라"…증권가 '이모저모' 마케팅 변천사
etoday.co.kr - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from etoday.co.kr Daily Mail and Mail on Sunday newspapers.

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