Business Topics

Feb 7, 2016

Asahi Kasei chief to step down over foundation piling scandal

Asahi Kasei Corp. President Toshio Asano plans to step down to take responsibility for a piling data fabrication scandal involving a subsidiary, informed sources said Sunday. Chief Financial Officer Hideki Kobori, 61, is expected to replace Asano, 63, as president of the major chemicals ...

Toshiba likely to sell white goods biz to foreign rival

Feb 6, 2016

Toshiba likely to sell white goods biz to foreign rival

With Sharp Corp. increasing its chances of making turnaround under the sponsorship of Taiwan’s Hon Hai Precision Industry Co., another troubled Japanese electronics manufacturer, Toshiba Corp., is now seen as more likely to sell its white goods business to a foreign rival. Innovation Network ...

Foxconn's Gou said to plan appeal on Sharp deal tomorrow

Feb 4, 2016

Foxconn's Gou said to plan appeal on Sharp deal tomorrow

Foxconn Technology Group Chairman Terry Gou plans to travel to Sharp Corp. headquarters in Osaka to meet with management Friday and press his case for a proposed bailout of the Japanese consumer electronics company, according to a person familiar with the matter. Gou asked ...

Feb 4, 2016

Mitsui slashes profit forecast 21% amid rout in commodities

Mitsui & Co., the nation’s second-biggest trading house, has lowered its full-year forecast 21 percent amid a collapse in commodity prices. The company expects a profit of ¥190 billion in the financial year to March, down from its previous forecast of ¥240 billion, according ...

Feb 3, 2016

Panasonic cuts full-year earnings outlook amid China slowdown

Panasonic Corp. cut on Wednesday its full-year earnings forecasts, hit by the slowing of the Chinese economy and other emerging markets. For the year through March 31, Panasonic now expects an operating profit of ¥410 billion ($3.4 billion), compared with ¥430 billion projected earlier, ...