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Uniqlo owner Fast Retailing's first quarter profit soars on strong overseas sales

TOKYO : Japan's Fast Retailing Co, owner of clothing brand Uniqlo, posted a 25 per cent jump in first quarter operating profit on Thursday fuelled by strong overseas sales as it charts a third-straight year of record earnings.Profit was 146.7 billion yen ($1.01 billion) in the three months through Novembe
Hong Kong United States Tadashi Yanai Mark Chadwick Takeshi Okazaki Fast Retailing

Nippon Steel Justifies Huge Premium for US Steel in Global Push

(Bloomberg) -- Nippon Steel Corp. defended the whopping premium it’s paying for United States Steel Corp., as the Japanese company seeks to reinforce its position as a global titan amid a weak domestic outlook.Most Read from BloombergApple to Halt US Sales of Smartwatches After Patent LossApple Plans Rescue for $17 Billion Watch Business in Face of BanGulf Splits Hinder US Efforts to End Houthi Ship AttacksUS Frackers Return to Haunt OPEC’s Pricing StrategyUS Announces New Task For...
United States Bloomberg Businessweek Eiji Hashimoto Mark Chadwick Takahiro Mori United States Steel Corp
Source: yahoo.com

Nippon Steel US Steel: Nippon Steel confident hefty premium for U.S. Steel makes sense

Nippon Steel plans to acquire U.S. Steel for $14.9 billion, justifying the 142% premium with "sufficient economic rationale," despite a 5.5% drop in its shares. The move aims to expand the Japanese giants global steel capacity to 100 million metric tons. The deal, priced at 7.3 times U.S. Steels EBITDA, positions Nippon Steel among the top 3 global steelmakers.
United States Mark Chadwick Eiji Hashimoto Nippon Steel North American Reduction Act

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