Taiyo Yuden and TDK announced a business alliance. Don Quijote was reported to be the subject of acquisition speculation involving Toys“R”Us Japan’s business, while news emerged on the practical application of iPS cells.
The Nikkei Stock Average rebounded sharply for the first time in 3 days, rising to the upper end of the 66,000 range in the afternoon session. Buying was dominant, particularly in technology stocks, despite the influence of US market trends and crude oil prices.
Taiyo Yuden announced a business alliance with TDK. The companies will collaborate on the joint development of AI data centers and AI-related components, as well as manufacturing and procurement, and will also consider the possibility of a capital alliance in the future. Taiyo Yuden’s share price rose briefly.
Pan Pacific International Holdings operates the discount store Don Quijote, and it was reported to be expected to acquire the Japanese business of the toy retailer Toys“R”Us.
Qualipus is a biotechnology venture originating at Osaka University. The company announced that a ReHeart transplant surgery had been performed as the first such case since the product was covered by national health insurance. Its practical application as an iPS cell product was reported.