In today’s briefing:
- The Japan March-End Rebal and Dividend Trade
- Makino Milling Machine (6135 JP): Proposes Countermeasures
- Yokohama Shuts Three Plants In Quick Succession, Relaunches Another In China
The Japan March-End Rebal and Dividend Trade
- Every year it’s the same trade. But sometimes it is not. This year it is Thursday and Friday. Or not.
- The month-end and quarter-end bring big flows, or not, depending on how things have gone.
- Over the past 10 years or so, the two-day return on the March trade is pretty good. This year? Well read on!
Makino Milling Machine (6135 JP): Proposes Countermeasures
- The Makino Milling Machine Co (6135 JP) Board has proposed introducing countermeasures to nudge Nidec Corp (6594 JP) to delay the start of the tender to 9 May.
- The countermeasure was likely needed to facilitate a competing offer rather than force Nidec to provide the required information and delay the start (Nidec is still evaluating the request).
- Nidec’s offer at current terms has a low chance of success, necessitating revised terms. The Board claims that there is a sufficient probability of a competing proposal.
Yokohama Shuts Three Plants In Quick Succession, Relaunches Another In China
- Trelleborg plant in the US to shut down in April, 2025
- Israel, Prague plants too stop working in 2025
- Hangzhou to have car tire plant producing 9 million tires a year
Before it’s here, it’s on Smartkarma
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