Business Topics

Sep 18, 2014

Line says shopping app to eclipse sales of stickers, games

Line Corp., operator of the nation’s largest mobile messaging service, says its shopping mall application could become its biggest source of revenue, eclipsing sales from games and character stickers. The Tokyo-based company, owned by South Korea’s Naver Corp., started the Line Mall app in ...

Sep 17, 2014

Panasonic riding Tesla wave to boost battery business in Europe

Panasonic Corp., the main supplier of lithium-ion battery cells to Tesla Motors Inc., has said that cooperation with the electric-car maker on the construction of a massive U.S. battery plant is likely to boost demand from European automakers. “The development with Tesla is catching ...

Pioneer to cut 2,000 jobs in bid to restructure

Sep 16, 2014

Pioneer to cut 2,000 jobs in bid to restructure

Pioneer Corp. said Tuesday it will cut more than 2,000 jobs — 10 percent of its group workforce — through voluntary retirement by employees and sales of noncore businesses to promote its rehabilitation. Pioneer also said it will sell its DJ equipment business for ...

Sep 12, 2014

Megabanks bid for Citigroup's retail operation

An auction to sell Citigroup Inc.’s consumer banking business in Japan apparently attracted around six domestic lenders, including the three largest banks, sources close to the matter said Friday. Citibank Japan Ltd. will continue the bidding process and is expected to complete the transaction ...

Sep 12, 2014

Onkyo to absorb Pioneer's AV equipment business

Pioneer Corp. and Onkyo Corp. have agreed to integrate Pioneer’s home audio and video equipment subsidiary with Onkyo next spring, informed sources said Friday. While Onkyo will acquire the unit, Pioneer Home Electronics Corp., Pioneer will take an equity stake of some 15 percent ...

Sep 11, 2014

JR Hokkaido cancels express train project in favor of safety push

Scandal-tainted Hokkaido Railway Co. has decided to cancel work on a high-speed diesel express train and focus instead on improving safety and launching a shinkansen service in spring 2016. The railway says it wants to regain public trust after scandals exposed its shoddy track ...

Japan's 'apple watch': a-peeling to core fans

Sep 11, 2014

Japan's 'apple watch': a-peeling to core fans

Manufacturing finesse, precision craftsmanship and a love of all things quirky have produced the apple watch — Japan’s real-life version. Japanese Twitter user Hiromichi Shoji, who goes by the username @sinomoritsukasa, carved a big red fruit into a classic wristwatch soon after the U.S. ...