Business Topics

May 21, 2015

Innovation Network plans to reject Sharp's request for funding

Innovation Network Corp. of Japan plans to reject Sharp Corp.’s request for an investment because of concern it would face opposition from Apple Inc. and antitrust regulators, according to a person familiar with the matter. The state-backed fund already supports Japan Display Inc., which ...

Officially microwavable dog food to hit shelves June 1

May 21, 2015

Officially microwavable dog food to hit shelves June 1

For dog lovers whose hard-to-please pets cause them stress when they simply refuse to eat their daily fare, one innovative company appears to have found a unique answer: a microwavable dog food that is said to bring out the aromas dogs cherish. Unicharm Corp., ...

May 21, 2015

Line said to prepare dual listing before Japan Post IPO

Line Corp., operator of Japan’s most popular mobile-messaging service, is preparing for a dual listing in Tokyo and New York before Japan Post Holdings Co.’s initial public offering, people with knowledge of the matter said. The Tokyo-based company aims to sell shares around September ...

Mitsui CEO eyes food, retail amid profit slump

May 20, 2015

Mitsui CEO eyes food, retail amid profit slump

Mitsui & Co., the nation’s top oil trader, is expanding its focus beyond raw materials as its incoming CEO contends with an expected 22 percent decline in profit this year. As much as 80 percent of Mitsui’s profit comes from such areas as iron ...

Takata doubles U.S. recall to nearly 34 million air bags

May 20, 2015

Takata doubles U.S. recall to nearly 34 million air bags

U.S. regulators announced Tuesday that embattled auto parts supplier Takata Corp. has acknowledged defective air bags in 33.8 million vehicles in what an official described as “the most complex” recall in the country’s history. The course of events hit Takata shares hard during trading ...

May 20, 2015

Tokyo DisneySea announces new ride based on 'Finding Nemo'

The operator of the Disney theme parks in Japan will open a new attraction featuring the Disney/Pixar animated film series “Finding Nemo” at the Tokyo DisneySea theme park in spring 2017. Oriental Land Co. said the indoor attraction in the Port Discovery area will ...

KFC resurrects Colonel Sanders in new TV ads

May 20, 2015

KFC resurrects Colonel Sanders in new TV ads

Colonel Sanders, dead for more than three decades, is back on television promoting KFC. Sanders, who founded the fast-food chicken chain, will be played by “Saturday Night Live” alumnus Darrell Hammond in TV commercials. The real Colonel Harland Sanders died nearly 35 years ago, ...

May 19, 2015

Nippon Life to buy insurance agencies operator

Nippon Life Insurance Co. plans to acquire an operator of independent insurance agencies to expand sales channels and better respond to customer demands, sources close to the matter said Tuesday. Nippon Life, one of the biggest Japanese life insurers, will buy a more than ...

Two banks to buy 33.4% stake in bankrupt Skymark

May 19, 2015

Two banks to buy 33.4% stake in bankrupt Skymark

The Development Bank of Japan and Sumitomo Mitsui Banking Corp. are in the final stages of negotiations to purchase a combined 33.4 percent stake in the rehabilitation of bankrupt Skymark Airlines Inc., sources familiar with the matter said Tuesday. With a combined stake of ...