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/ May 15, 2017

Maruti Suzuki cuts middlemen out of hiring temporary workers

Maruti Suzuki India Ltd. has adopted a different model for hiring temporary workers at one of its plants, completely eliminating the role of middlemen, according to top company officials. The subsidiary of Japan’s Suzuki Motor Corp. and India’s largest carmaker is now hiring temporary ...

'Tokyo' may be dropped from name of Japan's top bank

/ May 15, 2017

'Tokyo' may be dropped from name of Japan's top bank

Bank of Tokyo-Mitsubishi UFJ is considering dropping “Tokyo” from its name amid complaints from customers that it is too long, sources said Sunday. The core unit of Japanese industry leader Mitsubishi UFJ Financial Group Inc. is likely to be renamed MUFG Bank as early ...

Nikon falls into red for first time in seven years

/ May 12, 2017

Nikon falls into red for first time in seven years

Nikon said Thursday it recorded a group net loss of ¥7.11 billion ($62 million) in the fiscal year that ended in March, citing restructuring costs for pulling the company into the red for the first time in seven years. The loss represents a reversal ...

Tepco seeks peer for nuclear power tie-up around 2020

/ May 11, 2017

Tepco seeks peer for nuclear power tie-up around 2020

Tokyo Electric said Thursday it will seek an industry peer to become its partner in the nuclear power business and draw up a basic framework for the tie-up around fiscal 2020. The tie-up will cover the Higashidori nuclear power station in Aomori Prefecture, Tokyo ...