banking
During the past week, Sumitomo Mitsui Banking Corporation has signed MOUs with the National Infrastructure Fund of the Kingdom of Saudi Arabia, as well as with the Saudi Investment Promotion Authority. Signing of a Memorandum of Understanding with the National Infrastructure Fund of the Kingdom of Saudi Arabia Sumitomo Mitsui
asset management
As initially announced in October 2024, PayPay Asset Management, a joint venture between LINE Yahoo and a subsidiary of Mizuho Financial Group, will cease operations in September 2025. LINE Yahoo's inability to tolerate ongoing losses was the primary driver of this decision. The abrupt closure of an asset
corporate venture capital
Tokyu Fudosan Holdings announced the joint establishment of a JPY 50 billion corporate venture capital (CVC) fund, “TSVF2 Investment Limited Partnership” (hereinafter “CVC2”), with SBI Investment as the General Partner. This fund aims to strengthen the value chain through partner collaboration, address social issues, and enhance corporate value by leveraging
investment
Japan is considering revisions to its disclosure rules for strategic shareholdings (also referred to as "policy-held shares", i.e. shares held for reasons other than pure investment), as outlined by the Financial Services Agency (FSA) in November. These revisions aim to enhance transparency and address concerns about companies
wealth management
WealthNavi has revised upwards its earnings forecasts for the fiscal year ending December 31, 2024, (FY2024) which was previously announced on August 9, 2024. Note that in the interim, MUFG Bank has made a tender offer for all outstanding shares and stock acquisition rights of WealthNavi, a publicly traded robo-advisor