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The Japan Times
The Japan Times
@thejapantimes@mastodon.social  ·  activity timestamp 4 days ago

Norinchukin Bank is discussing a capital injection into a joint venture that said its estimated loss from debt linked to First Brands Group has ballooned to almost $1 billion. https://www.japantimes.co.jp/business/2026/02/03/companies/nochu-capital-injection-joint-venture/?utm_medium=Social&utm_source=mastodon #business #companies #norinchukinbank #banks

The Japan Times

Nochu to recapitalize joint venture hit by $1 billion First Brands-linked loss

JA Mitsui Leasing will book a $968 million allowance on the collapsed U.S. auto-parts supplier, more than three times what it had set aside in November.
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The Japan Times
The Japan Times
@thejapantimes@mastodon.social  ·  activity timestamp 4 days ago

Norinchukin Bank is discussing a capital injection into a joint venture that said its estimated loss from debt linked to First Brands Group has ballooned to almost $1 billion. https://www.japantimes.co.jp/business/2026/02/03/companies/nochu-capital-injection-joint-venture/?utm_medium=Social&utm_source=mastodon #business #companies #norinchukinbank #banks

The Japan Times

Nochu to recapitalize joint venture hit by $1 billion First Brands-linked loss

JA Mitsui Leasing will book a $968 million allowance on the collapsed U.S. auto-parts supplier, more than three times what it had set aside in November.
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