Business Topics

Jan 29, 2016

Mitsui O.S.K. expects to sink into red ink for business 2015

Shipping giant Mitsui O.S.K. Lines Ltd. said Friday it will fall into the red in the business year ending in March after incurring huge restructuring costs amid deteriorating profitability on sluggish demand linked to China’s economic slowdown. The company is forecasting a consolidated net ...

Jan 29, 2016

Toyota to make Daihatsu wholly owned subsidiary in August

Toyota Motor Corp. said Friday it will make Daihatsu Motor Co. a wholly owned subsidiary in August as the world’s top automaker seeks to revamp its low-priced small-car business amid growing demand in emerging markets. Toyota, which holds a roughly 51 percent stake in ...

Sony on net profit upswing as PlayStation sales soar

Jan 29, 2016

Sony on net profit upswing as PlayStation sales soar

Sony on Friday posted a nine-month net profit of ¥236.1 billion, as strong sales of its PlayStation video games console and image sensors used in mobile gadgets helped it move past years of losses. The once-iconic Japanese giant has been working to claw back ...

Jan 29, 2016

Toyota buys rest of Japan minicar maker Daihatsu in stock swap

Toyota Motor Corp. will buy out its Daihatsu Motor Co. unit, bringing in-house a key maker of small cars for Southeast Asia and Japan. The world’s largest automaker will acquire the remainder of its 51 percent-owned affiliate through a stock swap, according to a ...

Jan 29, 2016

ANA plans direct flights to Mexico City from Narita

All Nippon Airways plans to launch direct flights between Tokyo’s Narita International Airport and Mexico City in the second half of fiscal 2016, sources said. ANA will offer seven round-trip flights on the route using the new midsize Boeing 787-8. The airline expects the ...

Jan 27, 2016

Canon names digital camera veteran Maeda as next president

Canon Inc. on Wednesday named Senior Managing Director Masaya Maeda as the successor to President Fujio Mitarai, who will remain chairman and chief executive officer. Maeda will become president in March. Mitarai, 80, told a news conference in Tokyo that Maeda was chosen because ...

Sony game unit SCE to change name in April

Jan 26, 2016

Sony game unit SCE to change name in April

Sony Computer Entertainment Inc. (SCE) will change its corporate name to Sony Interactive Entertainment LLC, or SIE, in line with its integration with another Sony Corp. group company on April 1. The word “Interactive” was adopted as part of the name to reflect the ...

Jan 26, 2016

Kawasaki Heavy joins 'hydrogen economy' project

Kawasaki Heavy Industries Ltd. will join with partners to set up a hub for imported liquefied hydrogen in western Japan in a government pilot project to develop offloading and storage systems in anticipation of wider hydrogen use. Kawasaki Heavy, Iwatani Corp. and the Kobe ...