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October 27, 2026
 

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TSURUHA

Drugstore chain Tsuruha will become a subsidiary of major supermarket operator Aeon on Wednesday next week.
BUSINESS / Companies
Jan 8, 2026
Aeon set to make drugstore chain Tsuruha a subsidiary next week
Aeon revised up its consolidated earnings estimates, reflecting the acquisition of Tsuruha.
Tsuruha shareholders approved a merger plan with Welcia, which will result in an effective acquisition by supermarket chain Aeon.
BUSINESS
May 26, 2025
Tsuruha shareholders approve future merger with rival drugstore Welcia
Tsuruha, based in Sapporo, has announced it will integrate its operations with Welcia, the biggest force within the Japanese pharmacy industry, in December.
An Aeon store in Osaka. Aeon, the country’s largest supermarket chain operator, last month said it will launch a tender offer to make Tsuruha a consolidated subsidiary at ?11,400 per share.
BUSINESS / Companies
May 23, 2025
Tsuruha shareholders to vote on criticized Aeon merger plan
The chorus reflects rising shareholder activism in Japan in recent years as the country’s governance reforms embolden investors.
Aeon plans to spend about ?102.3 billion to acquire a 13.6% additional stake in Tsuruha from Hong Kong-based hedge fund Oasis Management.
BUSINESS / Companies
Feb 28, 2024
Retailer Aeon to merge with drugstore chains Tsuruha and Welcia
The three companies said they will seek to expand their businesses outside Japan.
A pedestrian walks outside an Aeon store near Kofukuji Matsubara shopping street in Yokohama in April 2022.
BUSINESS
Jan 29, 2024
91AV原创 Aeon in exclusive talks to buy Tsuruha stake from Oasis
An increase in Aeon’s stake would add to its drugstore business, a key growth driver for the firm.
A drugstore in Tokyo in October
BUSINESS
Dec 23, 2023
Fund that got in before Buffett now likes Japan drugstores
A top fund manager says there’s opportunity to profit from consolidation in the sector.
Buyouts by management and controlling parties have surged this year in Japan, with the total value now set to pass ?1 trillion.
COMMENTARY / Japan
Dec 3, 2023
Being a listed company in Japan is losing its luster
91AV原创 corporate landscape is shifting as companies opt for management buyouts.
BUSINESS / Companies
Nov 15, 2023
91AV原创 Tsuruha weighs sale after proxy battle with Oasis
The company is working with an adviser on the potential transaction and has reached out to some private equity firms to gauge their interest.
Two Japanese climbers die on remote Himalayan peak in Nepal
Rescuers have recovered the bodies of two Japanese climbers missing for over a week on a remote Himalayan mountain.
Aging Japanese village turns to Peru in search of new residents
Guests from Peru's Belen district interact with a baby in Nanmoku village in Gunma Prefecture.
Budget-friendly restaurant chain Saizeriya succumbs to rising costs
A Tokyo branch of Saizeriya, a chain of family-style Italian restaurants
U.S. has for years asked Musk to alter Starlink service in Ukraine and Middle East, sources say
A Ukrainian soldier sets up a Starlink satellite internet system near the frontline in the Donetsk region, Ukraine, on Oct. 16
U.S. military bans Chinese-made BYD cars from key air base in Okinawa
An F-22 Raptor lands at Kadena Air Base in Kadena, Okinawa Prefecture on Oct. 9. The base is a crucial hub for U.S. military operations in the region.
A dramatic bear hunt in a midsize Japanese city could be a harbinger of what is to come
Zookeeper Tetsuo Iso at the site of frantic search for a wild bear in Utsunomiya on June 9. Iso, 65, was asked by the prefectural government to help capture the bear and it was his shot with a tranquilizer gun that put an end to the saga.
How this long-term resident avoids the annoying tourist label in Japan
Tourists enjoy themselves while crossing the famous Shibuya Crossing in Tokyo on Oct. 12.
What can Asia do to avoid crossing crucial climate tipping points?
Motorists drive through a road covered with smog from wildfires nearby in Ogan Ilir in Indonesia's South Sumatra province on Sept. 25.
Baku championships showcase rising standards in global sumo
Ryan Roddy (second from left back) is pictured with the Ireland sumo team at this month's World Sumo Championships in Baku, Azerbaijan.
91AV原创 permanent residency reform has a glaring blind spot
Japan's immigration reforms risk creating uncertainty by tying permanent residency more closely to language proficiency before clear assessment standards and supporting infrastructure are in place.

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