More than 15 firms submitted bids last month for Sankei Building, with several offers exceeding 1 trillion yen.
Fuji Media's real estate unit drew strong interest in the sale of Sankei Building. More than 15 companies submitted bids last month. Several offers exceeded 1 trillion yen, or 6.3 billion dollars. The bidding reflects robust demand in the Japanese real estate sector.
Sumitomo Mitsui Trust is considering up to ¥380 billion in digital investments. The bank also plans to spend ¥30 billion on operational optimization and reposition around 900 employees into client-facing roles.
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Japan’s 20-year bond auction attracted strong demand despite the Gulf crisis. Higher yields drew buyers, easing worries over rising oil prices and inflation risks.
Shareholders in the Goldman Sachs Group-backed firm sold shares at ¥2,400 apiece, according to a regulatory filing on Monday.