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Tokyo

About the Office

Davis Polk’s Tokyo office opened in 1987 and was among the first Asian offices founded by the top Wall Street firms. Active in Japan for over 90 years, today we are among the leading U.S. legal advisers on complex transactions involving Japanese companies and the Japanese marketplace. The principal focus of our Tokyo office is capital markets transactions and mergers and acquisitions/joint ventures involving Japanese and international enterprises. We also work on cross-border insolvency and restructuring, finance and credit transactions as well as antitrust and competition, litigation, global enforcement and investigations, and other corporate and advisory projects.

Our Tokyo professionals are highly skilled and are among the market’s top legal advisers. Our Tokyo professionals are fluent in Japanese and deeply knowledgeable about both U.S. law and the Japanese business environment, having either started in Tokyo or spent the majority of their legal careers in Japan. Professionals in our Tokyo office also frequently collaborate across our offices, working closely with colleagues who are leaders in their respective fields to deliver timely advice in real-time in Japan.  

Tokyo professionals are directly supervised by two partners and one counsel, each qualified in Japan as a Foreign Special Member (Gaikokuho-Jimu-Bengoshi) of the Dai-Ichi or Dai-Ni Tokyo Bar Associations.

Recognition

  • Finance Asia Japan Achievement Awards 2016/2017:
    • “Best Law Firm”
    • “Deal of the Year” and “Best M&A Deal” (ARM acquisition by SoftBank)
  • Asian Legal Business Japan Law Awards 2017:
    • “Japan Deal of the Year,” “M&A Deal of the Year (Premium)” and 
    • “Technology, Media and Telecommunications Deal of the Year” (ARM acquisition by SoftBank)
  • Chambers Asia-Pacific – “This team fields outstanding experts with extensive knowledge of various markets throughout the Asia-Pacific region. It continues to assist blue-chip corporations on global debt and equity offerings.”
  • IFLR1000 – “Davis Polk & Wardwell has a leading foreign capital markets practice in Japan and has had another strong year acting in the top mandates available to the market in equity and debt … The foreign M&A practice consolidates its position in Tier 1 after another strong year.”
  • Chambers Asia-Pacific – Japan:
    • Band 1 in Capital Markets: International: US Law 
  • IFLR1000 – Japan:
    • 1st Tier in Capital Markets: Debt: Foreign Law
    • 1st Tier in Capital Markets: Equity: Foreign Law
    • 1st Tier in M&A: Foreign Law 
  • The Legal 500 – Japan:
    • 1st Tier in Capital Markets: International Firms and Joint Ventures
    • 2nd Tier in Corporate and M&A: International Firms and Joint Ventures

Notable Matters

  • Toyota Motor Corporation notes offering. We advised joint lead managers in connection with the debut SEC-registered takedown offering of senior notes by Toyota Motor Corporation.
  • Sushiro Global Holdings IPO. We advised Sushiro Global Holdings Ltd. and a private equity firm in connection with the initial public offering of shares of common stock of Sushiro Global Holdings Ltd. The shares are listed on the Tokyo Stock Exchange.
  • Katitas IPO. We advised the international joint lead managers in connection with the initial public offering of shares of common stock of KATITAS CO., LTD. KATITAS is a reseller of pre-owned renovated homes in Japan, focusing its procurement, renovation and resale activities in suburban areas of regional cities in Japan.
  • MACROMILL IPO. We advised the international joint lead managers in connection with the initial public offering of shares of common stock of MACROMILL, INC. The shares are listed on the Tokyo Stock Exchange. MACROMILL is a global online market research and digital marketing solutions company based in Japan.
  • Sumitomo Mitsui Trust Bank Guaranteed Secured Obligation Programme. We advised Sumitomo Mitsui Trust Bank in connection with establishment of a $5 billion guaranteed secured obligation programme for SumitG Guaranteed Secured Obligation Issuer D.A.C., an Irish SPV set up to issue “covered” bonds guaranteed by SMTB and a major financial services institution and secured by a pool of eligible fixed income assets. We advised SMTB on the programme and debut offering of $500 million of guaranteed secured bonds.
  • Metropolis of Tokyo bond offering. We advised Metropolis of Tokyo (MoT) on its $1 billion debut Rule 144A/Regulation S bonds offering. The offering was MoT’s first U.S.-directed offering as a stand-alone issuer.
  • Sumitomo Mitsui Financial Group TLAC notes offering. We advised Sumitomo Mitsui Financial Group on its debut SEC-registered senior notes offering. The notes are structured to count as total loss-absorbing capacity ("TLAC") notes.
  • Mizuho Financial Group TLAC notes offering. We advised the joint lead managers on the debut Rule 144A/Regulation S senior notes offering by Mizuho Financial Group. The notes are structured to count as TLAC notes under banking regulations in Japan.
  • LaSalle LOGIPORT REIT global initial public offering. We advised the joint lead managers on LaSalle LOGIPORT REIT’s ¥106.2 billion (US$935 million) global initial public offering of investment units, including an offering outside Japan pursuant to Rule 144A and Regulation S.
  • Nippon Life Insurance Company subordinated notes offering. We advised Nippon Life on its Rule 144A/Regulation S offering of $1.5 billion of step-up callable subordinated notes. Nippon Life is one of the largest private life insurance company in Japan.
  • Central Japan Railway Company senior notes offering. We advised the joint lead managers on a $300 million debut Rule 144A/Regulation S senior notes offering by Central Japan Railway. Central Japan Railway is one of the largest railway companies in Japan.
  • Meiji Yasuda Life Insurance Company subordinated notes offering. We advised the joint lead managers on a $2 billion debut Rule 144A/Regulation S offering of step-up callable subordinated notes  by Meiji Yasuda Life. Meiji Yasuda Life is one of the largest life insurance companies in Japan.
  • JFM debt offerings. We advised Japan Finance Organization for Municipalities on several benchmark Rule 144A/Regulation S takedown offerings of senior notes. JFM is a public sector financial institution and a key source of long-term financing to Japanese local governments.
  • Softbank acquisition of ARM Holdings and Fortress Investment Group. We advised sell-side on the acquisition of ARM Holdings and Fortress Investment Group by Softbank.
  • Mitsubishi Tanabe Pharma acquisition of NeuroDerm. We advised Mitsubishi Tanabe Pharma Corporation on its approximately $1.1 billion acquisition of NeuroDerm Ltd., a NASDAQ listed Israeli company. This deal represents the first acquisition of an Israeli public company by a Japanese buyer.
  • Sumitomo Mitsui Trust Bank acquisition of Citi Cards Japan. We advised Sumitomo Mitsui Trust Bank on its acquisition of Citi Cards Japan, which operated Citigroup’s credit card business in Japan.
  • Comcast NBCUniversal acquisition of ownership of Universal Studios Japan. We provided advice to Comcast NBCUniversal on its acquisition of ownership of Universal Studios Japan in a recapitalization transaction.

Read the Tokyo Office Brochure for additional transactions.

Tokyo office professionals not identified as Gaikokuho Jimu Bengoshi are qualified under the laws of New York or other jurisdictions and working in Japan under the supervision and direction of Gaikokuho Jimu Bengoshi resident in the firm's Tokyo office.