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August 14, 2026
 

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TSURUHA

Drugstore chain Tsuruha will become a subsidiary of major supermarket operator Aeon on Wednesday next week.
BUSINESS / Companies
Jan 8, 2026
Aeon set to make drugstore chain Tsuruha a subsidiary next week
Aeon revised up its consolidated earnings estimates, reflecting the acquisition of Tsuruha.
Tsuruha shareholders approved a merger plan with Welcia, which will result in an effective acquisition by supermarket chain Aeon.
BUSINESS
May 26, 2025
Tsuruha shareholders approve future merger with rival drugstore Welcia
Tsuruha, based in Sapporo, has announced it will integrate its operations with Welcia, the biggest force within the Japanese pharmacy industry, in December.
An Aeon store in Osaka. Aeon, the country¡¯s largest supermarket chain operator, last month said it will launch a tender offer to make Tsuruha a consolidated subsidiary at ?11,400 per share.
BUSINESS / Companies
May 23, 2025
Tsuruha shareholders to vote on criticized Aeon merger plan
The chorus reflects rising shareholder activism in Japan in recent years as the country¡¯s governance reforms embolden investors.
Aeon plans to spend about ?102.3 billion to acquire a 13.6% additional stake in Tsuruha from Hong Kong-based hedge fund Oasis Management.
BUSINESS / Companies
Feb 28, 2024
Retailer Aeon to merge with drugstore chains Tsuruha and Welcia
The three companies said they will seek to expand their businesses outside Japan.
A pedestrian walks outside an Aeon store near Kofukuji Matsubara shopping street in Yokohama in April 2022.
BUSINESS
Jan 29, 2024
Â鶹´«Ã½ Aeon in exclusive talks to buy Tsuruha stake from Oasis
An increase in Aeon¡¯s stake would add to its drugstore business, a key growth driver for the firm.
A drugstore in Tokyo in October
BUSINESS
Dec 23, 2023
Fund that got in before Buffett now likes Japan drugstores
A top fund manager says there¡¯s opportunity to profit from consolidation in the sector.
Buyouts by management and controlling parties have surged this year in Japan, with the total value now set to pass ?1 trillion.
COMMENTARY / Japan
Dec 3, 2023
Being a listed company in Japan is losing its luster
Â鶹´«Ã½ corporate landscape is shifting as companies opt for management buyouts.
BUSINESS / Companies
Nov 15, 2023
Â鶹´«Ã½ Tsuruha weighs sale after proxy battle with Oasis
The company is working with an adviser on the potential transaction and has reached out to some private equity firms to gauge their interest.
Forty-five meters down, a diver races to record a fleeting moment of WWII history
Kingo Wakasa photographs the kamikaze plane wing section he discovered at the USS Emmons wreck site.
New ¡®Katsu Curry Index¡¯ aims to show how weak the yen really is
A CoCo Ichibanya curry house in Tokyo.
Mexican man arrested over attempt to smuggle some 200 lizards into Japan
Mexican alligator lizards seized by Tokyo Customs from a Mexican man who attempted to smuggle them into Japan on Saturday through Haneda Airport
Gut bacteria may be behind many of Â鶹´«Ã½ colorectal cancer cases
A Japanese research team found that a toxin produced by certain E. coli strains, colibactin, caused genetic mutations in nearly half of colorectal cancer cases studied
She is Russia¡¯s richest woman. Her business empire is going up in flames.
Tatyana Kim, the head and co-founder of Wildberries, speaks about Ukrainian drone attacks on the company's warehouses in the course of the Russia-Ukraine conflict, at an unidentified location, in this still image from a handout video released on July 31.
Forty-five meters down, a diver races to record a fleeting moment of WWII history
Kingo Wakasa photographs the kamikaze plane wing section he discovered at the USS Emmons wreck site.
Ikarigata closer to emulating older brother Fujinokawa than many think
The future Fujinokawa (third from left) and Ikarigata (right) compete against each other at ages 5 and 3, respectively.
Where do foreign residents in Japan want to die?
The Yokohama Foreign General Cemetery is one of the few cemeteries in Japan that allows burials, albeit with conditions for the deceased, including foreign nationality and permanent residency in Kanagawa Prefecture.
¡®Total whiplash¡¯: Foreign residents react to Â鶹´«Ã½ changing permanent residency rules
The entrance to the Tokyo Immigration Bureau in Minato Ward, Tokyo, in March. For some foreign residents of Japan, tightening measures for permanent residency have become one factor in a broader calculation over whether remaining in the country makes financial sense over the long term.
As Â鶹´«Ã½ concrete jungles sizzle, urban forestry offers an all-natural fix
People and birds find relief from the sun in Tokyo's Nakano Ward earlier this month. While experts agree that urban greening is crucial to mitigating the impact of climate change, trees are becoming even more scarce in Japanese cities.

Podcast

One of the many entrances to the Kabukicho neighborhood in Tokyo¡¯s Shinjuku Ward.
Kabukicho: Tokyo¡¯s ¡®stadium of desire¡¯

Longform

Disaster relief workers Taichi Kato (left) and Seiji Yoshimura enter the collapsed living quarters at Kyuganji temple in Yatsushiro, Kumamoto Prefecture.
What Kumamoto revealed about Â鶹´«Ã½ earthquake readiness
By Alex K.T. Martin

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