Introduction
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Japan startup Timee, which operates a platform connecting workers seeking side gigs with labor-strapped businesses, is targeting a listing in July in Tokyo, two people familiar with the matter said.
The startup, founded in 2017, is aiming for a valuation of roughly $1 billion and the joint global coordinators are Daiwa Securities and Morgan Stanley, the people said.
The Tokyo Stock Exchange could approve the listing as soon as late next week, said one of the people, who all declined to be identified as the information is not public.
Japan chipmaker Kioxia ends production cuts, secures bank lending
TOKYO — Japanese memory chip maker Kioxia Holdings has ended production cuts after 20 months in light of a recovering market, with lenders agreeing to a new line of credit, Nikkei has learned.
Kioxia in June raised operating rates on production lines back to 100% at its Yokkaichi plant, in Mie prefecture, and at its Kitakami plant, in Iwate prefecture. Both produce NAND flash memory.
Western Digital’s stop-start merger talks with Kioxia stall, say sources
That opposition had effectively frozen the deal, said a person familiar with the matter. The two people also cited a failure to agree on terms.
Both Western Digital and Kioxia remained keen to seal the tie-up, according to the people and two others familiar with the talks. Merger talks between the chip heavyweights have been off and on since 2021. Representatives of both Western Digital and Kioxia, formerly Toshiba Memory, were working on the sidelines to iron out difficulties, three of the people said. That included an attempt to win over Hynix, one of the people said.
“But it was a very complicated deal to get done. I’m not sure China would approve the deal either.”
Japan spot work startup Timee targets July listing, sources say
Japan startup Timee, which operates a platform connecting workers seeking side gigs with labor-strapped businesses, is targeting a listing in July in Tokyo, two people familiar with the matter said.
The startup, founded in 2017, is aiming for a valuation of roughly $1 billion and the joint global coordinators are Daiwa Securities and Morgan Stanley, the people said. The Tokyo Stock Exchange could approve the listing as soon as late next week, said one of the people, who all declined to be identified as the information is not public.
Japan blocks photo spot of Mount Fuji, but tourists find another
A large black cloth has proven to be a successful attempt at deterring tourists from taking photos of Mount Fuji at a popular viewing spot in the town of Fujikawaguchiko.
Eager to nab a shot with the snow-capped mountain in the background, foreign visitors would often trespass and break traffic rules in front of a Lawson convenience store.
Their behaviour spurred the town to install a black netting measuring 2.5m by 20m in front of the Kawaguchiko Ekimae Lawson store on May 21.
Mayor Hideyuki Watanabe at a May 24 news conference said he feared a drop in tourist footfall following the erection of the cloth, but prioritised the safety of residents and tourists.
The decision was described as an “anguished” one by town officials, reported The Asahi Shimbun.
But eagle-eyed tourists have found a replacement for their photo opportunity – a spot in front of yet another Lawson store about 1km away – and the authorities might soon have to put up another mesh sheet.
The sidewalk in front of the Machiyakubamae Lawson store provides a photo opportunity reminiscent of the one at the Ekimae store, and has been growing in popularity.
According to the town’s tourism division, the number of tourists in front of the Machiyakubamae store has spiked since the beginning of 2024, reported The Asahi Shimbun.
On days with a clear view of Mount Fuji, there would be 50 to 60 people taking pictures at any point in time, added the division.
The sidewalk and the carpark of the store were crowded with about 60 tourists in the afternoon of May 16, said the media outlet. Tour buses streamed into the carpark.
But there are no plans to erect another large black sheet, said Mr Watanabe.
Conclusion
He expressed his desire to remove the sheet in front of the Ekimae store as soon as possible, but town officials have said it would be taken down only after a marked improvement in tourist behaviour.