Business Topics

Aug 27, 2015

Toshiba eyes appointing Shiseido adviser Maeda as board chairman

Toshiba Corp. is considering naming Shinzo Maeda, senior adviser to cosmetics-maker Shiseido Co., as chairman of its revamped board in order to improve corporate governance at the industrial conglomerate that’s mired in an accounting scandal, sources close to the matter said Thursday. The new ...

Aug 26, 2015

Panasonic to shut down battery factory in Beijing

Panasonic Corp. will close a lithium-ion battery factory in Beijing due to deteriorating profitability amid stiff competition with South Korean rivals, sources close to the matter said Wednesday. The major Japanese electronics-maker will end production later this month at the earliest and lay off ...

Sony to offer commercial drone services from 2016

Aug 24, 2015

Sony to offer commercial drone services from 2016

Sony Corp. plans to offer commercial drone services targeting the construction, logistics and agriculture industries from the first half of next year. The company is making drones that can fly over a predetermined geographical area and take high definition footage that will be uploaded ...

Aug 22, 2015

3,234 Sharp employees apply for voluntary retirement program

Sharp Corp. said Friday that 3,234 employees have applied for its voluntary retirement program. The figure fell below the 3,500 voluntary retirements that the struggling major consumer electronics maker had targeted. The company will log costs of about ¥24.3 billion ($200 million) for the ...

Activist investor Murakami loses Kuroda Electric proxy fight

Aug 21, 2015

Activist investor Murakami loses Kuroda Electric proxy fight

Yoshiaki Murakami failed to win approval for his plan to get seats on Kuroda Electric Co.’s board. The activist investor’s proposal to appoint himself and three others as outside directors at the electronics trading company was defeated with about 60 percent of shareholders voting ...