Fuji Media Shares Rise After Powerful Executive Hieda Steps Down
The share price of Japanese embattled broadcaster Fuji Media Holdings Inc. climbed after its powerful 87-year-old former chairman and executive management adviser, Hisashi Hieda, resigned from the board.
Fuji Media shares jumped as much as 6.9% on Friday in Tokyo, their biggest intraday gain in more than a month. The move incorporates the impact of trading ex-dividend.
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Business Wire
2 hours ago
- Business Wire
RGA and SOA Research Institute Release Comprehensive Study on Retirement Readiness in Japan
TOKYO--(BUSINESS WIRE)--The Society of Actuaries (SOA) Research Institute, in collaboration with Reinsurance Group of America, Incorporated (NYSE: RGA), a leading global life and health reinsurer, today released a new report titled 'Retirement Readiness in Japan: Financial Security and Risk Perceptions.' The study provides critical insights into the evolving retirement landscape in Japan, offering valuable information for insurers, policymakers, and financial advisors. This research underscores the urgent need for innovative retirement solutions that address both income security and health-related financial risks. Share The study, based on a November 2024 joint consumer survey conducted by the SOA and RGA among 750 Japanese respondents across three age groups (Prime Age Workers: ages 30-45, Pre-Retirees: ages 46-59, and Retirees: ages 60-75), reveals a maturing retirement system facing significant demographic pressures. With nearly 29% of Japan's population aged 65 or older 1, the need for robust retirement planning and financial products is more critical than ever. Key findings: Financial Literacy: 17% of respondents reported no knowledge at all about investment and financial products, and 42% indicated 'not very knowledgeable.' Generational Divide in Planning: Retirees show significantly higher engagement in retirement planning compared to younger cohorts, with 37% of Prime Age Workers and 45% of Pre-Retirees not having done any retirement planning. Post-Retirement Concerns about Factors Outside of Individual's Control Dominate: 90% of respondents consider tax increase and impact of an aging society on government support as their top concerns. Source of Retirement Income: Prime Age Workers and Pre-Retirees are not confident that their retirement savings are sufficient; 89% of them expect to rely on full- or part-time job earnings as part of their retirement income. Preference on Financial Products with Guaranteed or Fixed Income: Guaranteed income for life (43%) and fixed income throughout retirement (39%) are considered top financial/investment product features for retirement income, indicating preference for risk-averse options. Significant Interest in Annuity Products: 73% of respondents expressed interest in annuities with increased payments for critical illness or disability or tax-deferred annuity (65%). Improved Engagement in Retirement Planning Since 2018: Overall engagement has improved. Willingness to buy lifetime income products increased from 22% in 2018 to 35% in 2024. Respondents who are very involved in managing their retirement savings increased significantly from 21% to 50%. 'This research underscores the urgent need for innovative retirement solutions that address both income security and health-related financial risks,' said Hironori Takahashi, Chief Executive Officer, RGA Japan. 'The findings reveal significant opportunities for the insurance industry to develop tailored solutions that address the evolving needs and enhance financial security for Japan's rapidly aging population of retirees.' 'This report provides insights on the generational differences in retirement preparedness,' said R. Dale Hall, FSA, MAAA, CERA, CFA, Managing Director of Research, SOA Research Institute. 'Our study reveals that while 59% of Retirees review their social pension benefits, only 23% of Pre-Retirees and 17% of Prime Age Workers do so. Also, 37% of Prime Age Workers and 45% of Pre-Retirees haven't done any retirement planning at all. We encourage proactive retirement strategies across all age groups, working with employers, insurers, and policymakers.' The full report offers in-depth analysis of retirement perceptions, planning behaviors, income sources, and risk management strategies, providing a comprehensive view of retirement readiness in Japan. For more information about the study, access the full report. About RGA Reinsurance Group of America, Incorporated (NYSE: RGA) is a global industry leader specializing in life and health reinsurance and financial solutions that help clients effectively manage risk and optimize capital. Founded in 1973, RGA is today one of the world's largest and most respected reinsurers and remains guided by a powerful purpose: to make financial protection accessible to all. As a global capabilities and solutions leader, RGA empowers partners through bold innovation, relentless execution, and dedicated client focus — all directed toward creating sustainable long-term value. RGA has approximately $4.0 trillion of life reinsurance in force and assets of $128.2 billion as of March 31, 2025. To learn more about RGA and its businesses, please visit or follow RGA on LinkedIn and Facebook. Investors can learn more at About the Society of Actuaries With roots dating back to 1889, the Society of Actuaries (SOA) is the world's largest actuarial professional organization with more than 34,000 actuaries as members. The SOA's vision is for actuaries to be the leading professionals in measuring and managing risk. To learn more, visit The SOA Research Institute provides objective, data-driven research bringing together tried and true practices and future-focused approaches to address societal challenges and your business needs. It provides trusted knowledge, extensive experience and new technologies to help effectively identify, predict and manage risks. Visit
Yahoo
3 hours ago
- Yahoo
Developer: Asian market, food hall at Burnsville Center nearing finish line
Developer: Asian market, food hall at Burnsville Center nearing finish line originally appeared on Bring Me The News. The Asian supermarket and food hall designed to transform Burnsville Center remains in the pipeline, three years after the plans were unveiled. The Windfall Group initially said the the development, known as Pacifica of Burnsville, could open as soon as January 22, 2023, in celebration of Lunar New Year – a date that came and went while the project was beginning to move through the city's formal planning process. In December 2023, the Windfall Group said the destination was on track to open at the end of the first quarter in 2024. A March 2024 press release advertised the food hall would indeed open very soon - before summer. Now, over one year later, the project remains under construction and no opening date is set. "The community is very antsy for this project," Burnsville City Council Member Vince Workman told developers last week. "We're almost to the finish line," Christina Le, one of the project's developers, reassured city officials. The Burnsville City Council voted unanimously June 3 to once again amend the city's $1.1 million grant tied to the redevelopment to allow more time for construction. The extension sets a Jan. 31, 2026 deadline for exterior renovations, with interior work on the project set to wrap up this month. "Yes, we have had our delays and so forth but we did not take any shortcuts," Le told the City Council. "We did not diminish any quality in the work that we've done. We've kept the quality high." The Windfall Group, an international developer, is also behind Pacifica Square in Aurora, Illinois, which is billed as one of the largest "one-stop" Asian lifestyle centers in the country. The development in Burnsville is planned to be anchored by the upscale Asian supermarket chain, Enson Market, and a feature a nine-vendor food hall, called Ate Ate Ate. In a letter to the City Council dated March 5, Eddie Ni, with the Windfall Group, indicated plans to construct a two-story addition to incorporate patio dining and a landscaped plaza have been nixed. "Instead of constructing a 15,000-square-foot addition, we aim to create affordable and inviting spaces for tenants while preserving parking," the letter reads. "The two restaurants originally planned for the addition will now occupy vacant mall units." Ni also noted progress on Enson Market have been impacted by shipment delays from overseas. Ate Ate Ate is designed to emulate Asia's atmospheric street markets, with a stroll through the food hall taking guests from morning cafes, to lunchtime spots and, finally, the evening-inspired segment, which will be complete with vibrant lights and live music. Hospitality HQ, the food hall's operator, will oversee the curation of vendors. The current vendor line-up includes Soga Mochi Donuts, which became Minnesota's first mochi donut business when it brought its Japanese-style treats to St. Paul in 2021. Bulgogi, bibimbap and other Korean favorites will be served at Hang Sang Korean Cuisine and Nepal-style dumplings filled with seasoned meat and veggies will be the focus at Amazing Momo. Other vendors include Asian-inspired ice cream shop ODAY Creamery, Niko Niko Boba, Mason's Famous Lobster Rolls and spots serving ramen, hand-crafted sushi rolls and sashimi and Mediterranean fare, according to Le. A central bar, called Urban Oasis, will offer self-serve beer and wine, she added. "This really means a lot to us that you've been patient and waited this long," she told the City Council. "We're almost there." According to Le, a grand opening is expected before the end of the story was originally reported by Bring Me The News on Jun 10, 2025, where it first appeared.
Yahoo
3 hours ago
- Yahoo
Mitsubishi Fuso, Hino finalise deal for new holding company
The integration of Mitsubishi Fuso and Hino Motors is set for completion, with Daimler Truck and Toyota Motor aiming to each hold a 25% stake in the new holding company, which is planned to start operations in April 2026. This strategic move is intended to enhance the competitiveness of Japanese commercial vehicle manufacturers and contribute to a sustainable mobility society. The merger plan was first announced in April this year. The newly formed holding company, which plans to own 100% of both Mitsubishi Fuso and Hino, is expected to be listed on the Prime Market of the Tokyo Stock Exchange. The collaboration is designed to operate on an equal footing, focusing on the development, procurement, and production of commercial vehicles. The companies anticipate announcing further details, including the name of the holding company, in the coming months, contingent upon approval from boards, shareholders, and authorities. Commercial vehicles, considered essential "social infrastructure", are at the heart of this collaboration. The four companies share a vision to "contribute to an affluent society through mobility" and believe that the integration will lead to improved business efficiency and a stronger automotive industry foundation in Japan and Asia. Hino CEO Satoshi Ogiso said: "Cooperation among these 4 companies is truly "once-in-a-lifetime opportunity". In addition to operational synergy, we can expect immeasurable synergy affection from synthesising different culture and climate of us. "Under commonly aimed aspiration, we are confident with building strong and resilient team to empathizing with each other and contributing to society. As a new commercial vehicle company rooted in Japan, we collaboratively create ever better future.' "Mitsubishi Fuso, Hino finalise deal for new holding company" was originally created and published by Just Auto, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
