Business Topics

Asahi sees yen windfall on AB InBev beer deal

Aug 4, 2016

Asahi sees yen windfall on AB InBev beer deal

Asahi Group Holdings Ltd. could save about ¥30 billion ($297 million) on its purchase of European beer brands from Anheuser-Busch InBev NV because the yen has strengthened since the firms cut the deal. The brewer expects its purchase of Peroni, Grolsch and Meantime beers ...

Aug 3, 2016

Mercari mulls additional funding after clinching U.S. foothold

Japan’s first startup unicorn is considering a new fundraising round to maintain momentum after a spike in U.S. downloads for e-commerce company Mercari Inc. The company’s free mobile app, which matches individual buyers and sellers, jumped to No. 3 in the U.S. download rankings ...

Aug 3, 2016

Toyota, Daihatsu jointly debut new 'green' cars in Indonesia

Toyota Motor Corp. and Daihatsu Motor Co. jointly launched two different cars in Indonesia on Tuesday, a day after Toyota acquired all of Daihatsu’s shares. “It is a new relationship between Daihatsu and Toyota,” Daihatsu President Masanori Mitsui said during the launch in the ...

Aug 2, 2016

Honda's quarterly profit sinks 6% after Kumamoto quake damage

Honda Motor Co. recorded a better-than-expected ¥174.6 billion profit ($1.7 billion) for the fiscal first quarter, as it gradually recovers from damage caused by the earthquakes in Kumamoto Prefecture. Honda said Tuesday that April to June profit fell 6 percent from a year ago, ...

Clouds lifting for Japan's banks as negative rates stay put

Aug 2, 2016

Clouds lifting for Japan's banks as negative rates stay put

The Bank of Japan’s decision not to drag interest rates further below zero provides relief for the nation’s banks after shrinking lending profits crimped first-quarter earnings. Combined net income at Mitsubishi UFJ Financial Group Inc. and its two mega-bank peers fell 28 percent from ...