Business Topics

Jul 24, 2014

Kintetsu department store woos foreign shoppers

Kintetsu Department Store Co. wants more foreign customers to shop at its flagship store, which opened in Japan’s tallest skyscraper in March, President Keiji Takamatsu said. In a recent interview, Takamatsu said the Osaka-based company wants to raise 3 percent of its overall revenue ...

Jul 24, 2014

Protective Life shareholder sues over $5.7 billion Dai-ichi deal

Protective Life Corp. is being sued by a shareholder who says a proposed $5.7 billion purchase of the company by Dai-ichi Life Insurance Co. is unfair to investors because other potential bidders were locked out. Dai-ichi, the nation’s second-largest life insurer, announced last month ...

Jul 24, 2014

ANA to launch daily Haneda-Nagoya flights in October

All Nippon Airways Co. says it will launch daily round-trip flights between Tokyo’s Haneda airport and Chubu Centrair International Airport starting Oct. 26 to better serve travelers going overseas from central Japan. The move ties in with ANA’s launch in March of international services ...

Jul 23, 2014

Orix plans to build as many as 15 geothermal plants in Japan

Orix Corp. plans to build as many as 15 geothermal power stations in Japan over the next five years. The Tokyo-based finance and leasing company, which has been developing solar and biomass projects, is conducting geological surveys in Hokkaido and Aomori Prefecture, spokeswoman Tamaki ...

Jul 23, 2014

Sony to close lithium-ion battery base in Tochigi

Sony Corp. plans to close its design and development base for lithium-ion batteries in Shimotsuke, Tochigi Prefecture, by the end of September, transferring some 40 engineers to a plant in Koriyama, Fukushima Prefecture, sources said. By consolidating lithium-ion battery plants and improving efficiency, Sony ...

Jul 23, 2014

Toshiba may seek more than $1 billion in SK Hynix chip lawsuit

Toshiba Corp. said it may increase the damages it is seeking from SK Hynix Inc. over claims the South Korean semiconductor maker wrongfully acquired information related to memory chips. Toshiba filed a ¥109 billion civil suit in March with the Tokyo District Court after ...

Jul 23, 2014

Pola Orbis eager to acquire foreign brand

Pola Orbis Holdings Inc. wants to acquire a foreign cosmetics brand that doesn’t overlap with its existing products in terms of price and concept, President Satoshi Suzuki said in a recent interview. That would leave the Japanese cosmetics maker purchasing a brand with product ...

Jul 22, 2014

Disney's 'Frozen' earns ¥25 billion at Japanese box office

Walt Disney Co. (Japan) said Tuesday the animated movie “Frozen” has earned box-office revenue of ¥25.1 billion in Japan in the roughly four months since it opened here March 14. The U.S.-produced blockbuster is the first movie to cross the ¥25 billion line in ...