Toyoda Taps Bankers for $42 Billion Buyout as Soon as November
Toyota Motor Corp. Chairman Akio Toyoda's $42 billion plan to buy out Toyota Industries Corp. is progressing, with the parties involved having picked financial advisers and working toward a tender offer as soon as November, people familiar with the matter said.
The special purpose vehicle established by Toyoda for the buyout is being advised by Nomura Holdings Inc., while Toyota Industries has appointed SMBC Nikko Securities Inc. as its adviser, the people said, asking not to be identified discussing private matters.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
16 minutes ago
- Yahoo
Conveyor Belt Market Trends and Challenges: Lightweight Conveyor Belt Demand Grows Amid Raw Material Price Volatility
The conveyor belt market is set for growth, driven by rising demand for efficient material handling systems in sectors like manufacturing, mining, logistics, and retail. Opportunities exist in automation, smart conveyor technology, and lightweight, durable materials, supported by Industry 4.0 and e-commerce expansion. Conveyor Belt Market Dublin, June 05, 2025 (GLOBE NEWSWIRE) -- The "Conveyor Belt Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2020-2030F" has been added to Conveyor Belt Market was valued at USD 4.96 Billion in 2024, and is expected to reach USD 6.68 Billion by 2030, rising at a CAGR of 4.92%. This growth is fueled by rising demand for efficient material handling systems across sectors such as manufacturing, mining, logistics, and retail. Conveyor belts play a vital role in optimizing operations by streamlining the movement of goods, materials, and products throughout production lines and distribution centers. Increasing focus on automation and cost reduction is driving the widespread adoption of these systems. Technological advancements, including smart conveyor systems equipped with sensors, real-time monitoring, and automated controls, are enhancing performance and enabling predictive maintenance. Additionally, the expansion of e-commerce and the adoption of Industry 4.0 technologies are reinforcing the need for robust conveyor solutions in fast-paced, high-volume environments. Key Market Drivers: Growth in the Manufacturing Sector The ongoing expansion of the global manufacturing sector is a major factor propelling the conveyor belt market. Industries such as automotive and consumer goods rely heavily on automation to streamline operations and cut labor costs. As of 2022, about 80% of automotive assembly lines in advanced markets utilized conveyor belts, a trend that is rapidly extending to emerging economies in Asia. These systems enhance workflow efficiency, reduce production time, and support consistent output. As global manufacturing output rises, especially in Asia-Pacific regions like China and India, the demand for conveyor systems as a core component of industrial infrastructure continues to climb. Key Market Challenges: Raw Material Price Fluctuations The volatility of raw material prices presents a significant challenge for conveyor belt manufacturers. Key materials such as rubber, steel, and synthetic components are susceptible to unpredictable price changes driven by global market dynamics. For example, in 2023, rubber prices surged by over 12% due to supply disruptions in Southeast Asia and rising energy costs. This price instability impacts manufacturing expenses and complicates pricing strategies, especially for businesses operating on tight margins. Moreover, higher costs for oil-based synthetic rubbers and logistical constraints in global supply chains further strain profitability. This unpredictability in input costs limits scalability and long-term investment, posing a hurdle for market stability. Key Market Trends: Growing Demand for Lightweight and Durable Materials The shift toward lightweight yet high-durability conveyor belts is reshaping the market, particularly in industries facing extreme operational conditions such as mining, food processing, and automotive manufacturing. Advanced materials like polyurethane, polyester, and composite fabrics are gaining traction for their strength, flexibility, and reduced energy consumption. These modern belts reduce system weight, enhancing overall efficiency and operational performance. In 2024, the global market for lightweight conveyor belts saw an estimated 15% growth, reflecting the rising preference for materials that extend product life while maintaining performance. Innovations in material science are further driving this trend, supporting enhanced load-bearing capacities and improved resistance to wear and tear. Key Market Players: Continental AG Fenner Dunlop Daewon Kangup Yokohama Rubber Co. Ltd Mitsuboshi Belting Ltd. Habasit AG Berndorf Band Group Bando Chemical Industries Ltd. Siban Transcon Conveyor Key Attributes: Report Attribute Details No. of Pages 186 Forecast Period 2024 - 2030 Estimated Market Value (USD) in 2024 $4.96 Billion Forecasted Market Value (USD) by 2030 $6.68 Billion Compound Annual Growth Rate 4.9% Regions Covered Global Report Scope: In this report, the Global Conveyor Belt Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below: Conveyor Belt Market, By Type: Flat Belts Modular Belts Cleated Belts Roller Bed Belts Others Conveyor Belt Market, By Material: Rubber Polyurethane PVC Fabric Leather Conveyor Belt Market, By End-Use Industry: Mining Agriculture Food & Beverage Automotive Others Conveyor Belt Market, By Region: North America United States Canada Mexico Europe Germany France United Kingdom Italy Spain South America Brazil Argentina Colombia Asia-Pacific China India Japan South Korea Australia Middle East & Africa Saudi Arabia UAE South Africa For more information about this report visit About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. Attachment Conveyor Belt Market CONTACT: CONTACT: Laura Wood,Senior Press Manager press@ For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Forbes
20 minutes ago
- Forbes
Samsung Confirms AI Upgrade Choice—This Changes Your Phone
This decision defines the future of your phone. A timely warning from Samsung this week, which neatly sets out the biggest upgrade decision now facing Android users. As whispers start to spread suggesting a disconnect between Samsung and Google at the heart of Android, this is critical. We're talking AI and the new features and offerings now hitting phones and PCs at breakneck speed. This is where Galaxy has an advantage, Samsung says, 'in privacy-first, AI-powered experiences' which can 'protect you in the era of AI.' The question the Galaxy-maker asks in its latest post is the right one: 'This level of personalization' brought by AI 'can be incredibly helpful, but the more your phone knows, the more there is to protect. So, what's keeping all that personal data secure?' Samsung's answer is Knox. 'Every Galaxy device is protected from the chip up by a multi-layered approach, which includes on-device personalization, user-controlled cloud processing, and ecosystem-wide protection through Samsung Knox Matrix.' This is Samsung's secure ecosystem that is the closest replica to Apple's securely walled garden currently available on Android. 'At the core of this system is Samsung Knox Vault, Samsung's hardware-based solution for your most sensitive information.' Knox is not new and neither is the concept of hardware-enabled Galaxy data security. What is new is segmenting sensitive the latest AI-related data from the rest, and securing that alongside the more traditional PINs, passwords and credit card numbers. 'Location service metadata from your most personal photos,' Samsung says, 'could easily give away the exact location where the image was taken.' And there's not much data more sensitive than who did what, where and when. 'In the era of AI, personal information like your home address, face clustering ID, person ID, pet type, scene type and more need to be encrypted and stored in a safe location. These things aren't just files — they are deeply connected to your daily life.' It's unclear exactly what is being or will be segmented and how this plays into the various opt-ins that Samsung has added to distinguish between on-device and cloud AI, between what is only within your secure enclave and what is outside. But it's difficult not to read this push as a play against the latest announcements from Google and the cloud-based AI that will now run riot across sensitive data, including emails and even cloud data storage. Yes, there are always opt-outs, but it's all or nothing for users who want AI but are not yet worrying about privacy. 'As Galaxy AI becomes more useful,' Samsung says, 'it also becomes more personal — learning how you use your device and adapting to your needs… Knox Vault is more than a security feature, it's Galaxy's promise that no matter how advanced your devices become, or how much AI evolves, your privacy is secured.'
Yahoo
an hour ago
- Yahoo
Sydnexis Announces European Commission Approval of SYD-101, the First and Only Pharmaceutical Treatment for Slowing the Progression of Pediatric Myopia
Exclusive-Licensing Partner Santen Will Commercialize SYD-101 Under the Brand Name Ryjunea® in the European Union DEL MAR, Calif., June 05, 2025--(BUSINESS WIRE)--Sydnexis, Inc., ( a pre-commercial stage biopharmaceutical company today announced that the European Commission (EC) has granted marketing authorization for SYD-101, the company's proprietary low-dose atropine formulation, for slowing the progression of pediatric myopia. As the first and only approved pharmaceutical treatment option to treat myopia progression in EU countries, this approval marks a significant advancement in pediatric eye care. The approval is backed by data from the STAR study, Sydnexis' pivotal Phase 3 clinical trial evaluating its proprietary low-dose atropine formulation to slow the progression of pediatric myopia and the risk of associated co-morbidities in children 3 to 14 years old at treatment initiation. "This marks a significant milestone for Sydnexis and, most importantly, for pediatric patients with progressive myopia, their families, and physicians as the first and only approved pharmaceutical treatment option in Europe," said Perry Sternberg, Chief Executive Officer of Sydnexis. "This approval is an endorsement of the potential benefit SYD-101 can provide to millions of patients globally and reinforces the critical importance of early intervention." The marketing approval from the EC follows the recent positive opinion from the Committee for Medicinal Products for Human Use (CHMP). Santen, a Japan-based company specialized in eye health, offering innovative products and services in over 60 countries worldwide, licensed the rights from Sydnexis to commercialize SYD-101 in the regions of Europe, Middle East, and Africa (EMEA) and will launch SYD-101 under the brand name Ryjunea. "The EU approval of SYD-101 is a recognition of the compelling safety and efficacy data generated from our landmark STAR study," said Patrick Johnson, Ph.D., President of Sydnexis. "This validates the potential benefit that SYD-101 can provide to pediatric myopes in Europe and we are excited about our continued interactions with the Food and Drug Administration (FDA) leading up to our October 23 PDUFA date." Myopia is the most common eye disease in children, impacting approximately one-third of children and adolescents worldwide. By 2050, global prevalence is projected to increase and affect more than 740 million children and adolescents and 5 billion people in total. Once considered a benign refractive condition, even at low levels, myopia is now associated with many serious irreversible sight-threatening co-morbidities later in life. "As a Pediatric Ophthalmologist with a rapidly growing number of myopia patients around the world, the EU approval of SYD-101 is truly exciting and it provides an important new tool for physicians to combat this global epidemic," said Dr. Donny Suh, Gavin Herbert Eye Institute, University of California at Irvine. "The benefits of low-dose atropine have long been recognized in the eye care community, but we now finally have an approved and thoroughly vetted treatment option. This marks a new era in our ability to slow the progression of myopia and protect the vision of millions of children worldwide." About Sydnexis, Inc.: Founded in 2014, Sydnexis, Inc. ( is a privately held, pre-commercial stage biopharmaceutical company based in San Diego, California. Sydnexis recently completed its three-year primary endpoint in the pivotal Phase 3 clinical trial evaluating its proprietary low-dose atropine formulation to slow progression of pediatric myopia and the risk of associated co-morbidities. The Phase 3 clinical trial is now completing the fourth-year randomized withdrawal for exploratory endpoints and third year results will be announced upon completion of the fourth year of the study. The company is venture-backed by four major investors: Visionary Ventures, RA Capital, Longitude Capital, and Bluestem Capital. View source version on Contacts For media inquiries, please contact: media@
