Business Topics

Sony to mull selling stake in show biz

May 23, 2013

Sony to mull selling stake in show biz

by Kazuaki Nagata

Sony Corp. said Wednesday that its board of directors will consider a proposal by a U.S. hedge fund to put on the stock market a minority stake in Sony’s entertainment division, retracting an earlier statement that they won’t be put up for sale. Daniel ...

Olympus fears compact camera sales will keep falling

May 23, 2013

Olympus fears compact camera sales will keep falling

Olympus Corp. fears sales of its compact cameras may fall by half next fiscal year, extending a decline as consumers increasingly use smartphones to take pictures. Volume sales will drop to about 1.35 million units as early as the year starting in April, Chief ...

JPMorgan chief keeps twin posts

May 23, 2013

JPMorgan chief keeps twin posts

JPMorgan Chase shareholders Tuesday voted to let Jamie Dimon — the chairman and CEO — keep both his jobs, but the bank’s board faces added pressure after some of its members barely won a majority. The Wall Street banking titan, under pressure over the ...

May 23, 2013

Chubu Electric, Tepco to build coal-fired plant

Chubu Electric Power Co. plans to establish a joint special purpose company with Tokyo Electric Power Co. to build and operate a coal-fired power plant, industry sources said Wednesday. Chubu is expected to shoulder most of the construction cost for the 600,000-kw plant, which ...

Toyoda takes second in car race

May 22, 2013

Toyoda takes second in car race

Toyota Motor Corp. President Akio Toyoda took the steering wheel in the Nurburgring 24-hour endurance race through Monday in western Germany, with his team finishing second in its class, the automaker said. Toyoda teamed with three professional drivers to race a Lexus LF-A in ...

Softbank to sell ¥400 billion in bonds

May 22, 2013

Softbank to sell ¥400 billion in bonds

by Yusuke Miyazawa

Softbank Corp. plans to sell ¥400 billion in bonds targeting individual investors to fund its $20.1 billion purchase of Sprint Nextel Corp. The mobile phone company will price the five-year notes to yield from 1.25 percent to 2.25 percent on June 3, according to ...

Nissan, Mitsubishi kick off joint minicar production

May 21, 2013

Nissan, Mitsubishi kick off joint minicar production

Nissan Motor Co. and Mitsubishi Motors Corp. on Monday started manufacturing a jointly developed minivehicle to be launched on June 6 across Japan. The two automakers together command about 10 percent of the minivehicle market. By cooperating, they think they can increase that to ...

KDDI readies four smartphones for summer campaign

May 21, 2013

KDDI readies four smartphones for summer campaign

KDDI Corp. said Monday it will begin selling four new smartphones this summer, including the HTC J One, the Japanese version of an internationally renowned model by Taiwanese maker HTC Corp. featuring enhanced sound. Buyers who sign a two-year contract can get the HTC ...

May 21, 2013

Mitsubishi unit eyes ¥4 trillion in sales in 2014

Mitsubishi Electric Corp. aims to boost its group sales to ¥4 trillion in the business year ending in March 2015, from projected sales of ¥3.81 trillion in fiscal 2013 by expanding key operations, including elevator production and sales overseas, the firm’s president said Monday. ...

May 21, 2013

Goldman Sachs to invest big in renewable energy

Goldman Sachs Group Inc. said Monday that it plans to invest as much as ¥50 billion in renewable energy projects in Japan in the next five years, tapping demand for electricity produced from solar and wind-power generators. The Wall Street firm also plans to ...