On 15th morning, an NHK news show covered an agreement between Seibu Holdings, the parent company of Seibu Railway, and Cerberus Capital Management, the biggest shareholder of Seibu Holdings, on Seibu Holding's public relisting of the shares on Tokyo Stock Exchange in 2014.
Speaking of the discussion of the relisting, the two cut each other's throats in 2013 starting from Cerberus's sudden suggestion of the restructuring plan including the partial closing of some railway lines such as Seibu-chichibu Line between Agano and Seibu-chichibu and disposal of Saitama Seibu Lions baseball team, which created a sensational headline. As a result, the suggestion was rejected. After that, they kept discussion and achieved their goal.
Seibu Railway was once delisted from the Tokyo Market because of doctoring portfolio by the former president, Yoshiyuki Tsutsumi, in 2004. Since 2006 Seibu has reconstructed its business including the establishment of the holding company in association with Cerberus. Then it is about to achieve its initial goal. According to an article on Asahi Shimbun, after the relisting Seibu Holdings is going to negotiate the gradual selling the share Cerberus owns. Cerberus is planning to give Seibu's demand to avoid the decline in the value of the stock because of the raise of the consumption tax on this coming April.
If Seibu Holdings will come back to the Market, all of the major private railway companies in Japan except Tokyo Metro will be listed (in case of Hankyu Corporation and Hanshin Electric Railway, and Sagami Railway, their holding company is listed).