Business Topics

Myanmar airline to buy six jets from Mitsubishi Aircraft

Jul 16, 2014

Myanmar airline to buy six jets from Mitsubishi Aircraft

Mitsubishi Aircraft Corp., developing Japan’s first passenger jet, has won an order worth $281 million in list prices from Air Mandalay Ltd. in Myanmar. The agreement is for six MRJ90s, with deliveries due to start in 2018, Air Mandalay said in a statement Tuesday. ...

Jul 16, 2014

Japanese leasing company orders 115 Airbus jets for $11.7 billion

SMBC Aviation Capital, a Japanese aircraft leasing company, said it has signed an order for 115 single-aisle A320 Airbus planes costing $11.7 billion (about ¥1.19 trillion) at list prices. “This new order is the industry’s largest ever single firm order by a worldwide leasing ...

Jul 16, 2014

LINE files for stock listing on TSE

Smartphone messaging service provider LINE Corp. has filed for its listing on the Tokyo Stock Exchange, with a market capitalization expected to total some ¥1 trillion, sources said Tuesday. An initial public offering by LINE will be one of this year’s largest ones in ...

Robots can solve labor woes: Son

Jul 15, 2014

Robots can solve labor woes: Son

by Kazuaki Nagata

Employing all-purpose robots endowed with artificial intelligence as a workforce in the manufacturing industry is the solution to staving off any impending labor shortage in Japan, SoftBank CEO Masayoshi Son said Tuesday. “Technology can even solve the labor population problem,” Son said during an ...

Jul 15, 2014

Strike halts Toyota's S. Africa production

Toyota Motor Corp. and Ford Motor Co. are stopping production at South African plants as a strike in the manufacturing industry stems the supply of components. Toyota, the biggest carmaker by exports in Africa’s second-biggest economy, was to halt production of the Corolla, Hilux ...

Jul 15, 2014

Number of female execs in banking industry increasing

Female executives are increasing in the nation’s banking industry even as Prime Minister Shinzo Abe is calling for better utilization of women in the workforce as part of the government’s growth strategy measures. “Diverse human resources hold the key to sustained corporate growth,” says ...

Japanet Takata picks son of founder as next president

Jul 14, 2014

Japanet Takata picks son of founder as next president

Major TV home shopping firm Japanet Takata Co. plans to promote Vice President Akito Takata to president to succeed his father and company founder, Akira Takata, according to sources. Akito Takata, 35, Akira’s eldest son, is expected to take the helm on Jan. 16, ...

Sharp looks to acquire Apple facility for iPhone LCDs

Jul 12, 2014

Sharp looks to acquire Apple facility for iPhone LCDs

Struggling electronics maker Sharp Corp. is in talks to buy specialized equipment from Apple Inc. for producing the liquid crystal displays used in iPhones, industry sources said Saturday. Through the purchase, possibly for ¥30 billion to ¥40 billion, Sharp would equip its Kameyama No. ...