JR East News
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Cerberus Capital Management LP, owner of 32.4 percent of Seibu Holdings Inc., is willing to wait as long as three years for the relisting of the Japanese rail and hotel operator.
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Cerberus Capital Management LP, a private-equity firm, plans to increase its holdings in Japanese rail and hotel operator Seibu Holdings Inc. as it aims to install a new team of directors.
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Tokyo Station, the main hub for the city’s business district, unveiled its new rooftop domes today, marking the completion of a 50 billion yen ($645 million) refit for the nearly 100-year-old building.
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Katsumi Kishitani worked almost seven weeks straight helping East Japan Railway Co. repair its busiest bullet-train line after last month’s earthquake. The payoff comes tomorrow when services fully resume for the spring holidays.
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The following companies may have unusual price changes in Japanese trading today. Stock symbols are in parentheses, and share prices are as of the latest close. The information in each item was released after markets shut, unless stated otherwise.
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East Japan Railway Co., the world’s largest listed train operator, plans to form a company this year to help coordinate domestic rail suppliers attempts to challenge Alstom SA and Siemens AG for train projects overseas.
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Tokyo Electric Power Co ., Toshiba Corp ., East Japan Railway Co . and Shin-Etsu Chemical Co . are among companies that may be most hurt by the strongest earthquake on record to hit Japan, analysts and investors said.
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East Japan Railway Co.’s 50 billion yen ($645 million) re-fit of Tokyo Station may help transform the financial district of Japan’s capital into a tourist destination, said President Satoshi Seino.
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Resona Holdings Inc. Chairman Eiji Hosoya, who spearheaded the Japanese bank’s revival after it was bailed out by taxpayers nine years ago, has died. He was 67.
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Tokyo’s biggest subway operator expanded operations this afternoon as power shortages eased and more workers returned, while commuters endured aftershocks from the March 11 quake and crammed themselves into trains and buses.
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