Business Topics

Jan 20, 2017

Kirin in talks to sell Brazilian beverage unit to Heineken

Kirin Holdings Co. plans to sell its struggling beverage business in Brazil to Dutch brewer Heineken NV for about ¥100 billion ($8.7 billion), a source familiar with the matter said Friday. Kirin Holdings said in a statement that although nothing has been finalized, it ...

Takata bidders said to favor Japan bankruptcy; shares tumble

Jan 19, 2017

Takata bidders said to favor Japan bankruptcy; shares tumble

Bidders for troubled air bag maker Takata Corp. are leaning toward a court-mediated bankruptcy in Japan to shield them from liabilities, according to people familiar with the matter. The company had opposed the move on concern it would disrupt the supply of replacement parts. ...

New Toranomon Hills tower to be completed in December 2019

Jan 18, 2017

New Toranomon Hills tower to be completed in December 2019

Mori Building Co. said Wednesday it will start the construction of a new Toranomon Hills high-rise building in Tokyo’s Minato Ward on Feb. 1, aiming to complete it in December 2019. The building, tentatively called Toranomon Hills Business Tower, will have 36 stories above ...

Jan 18, 2017

Toshiba eyes spinning off flash-memory business

Toshiba Corp. is considering spinning off its key flash-memory business as part of efforts to make up for expected losses in its U.S. nuclear unit, a source familiar with the plan said Tuesday. Toshiba’s advanced NAND-type flash memory, which is used for devices such ...

Jan 18, 2017

Mizuho, Sumitomo Mitsui Trust eye merging asset management banking arms

Mizuho Financial Group Inc. and Sumitomo Mitsui Trust Holdings Inc. are discussing integrating their asset management banking businesses, sources said Wednesday. The integration across their traditional keiretsu groupings is aimed at boosting the scale of the business to curb costs and implement streamlining at ...