Business Topics

Aug 17, 2015

Utilities spent ¥1.4 trillion last year to maintain idled reactors

The nation’s nine utilities with nuclear power plants had to spend a total of about ¥1.4 trillion last fiscal year to maintain their idled reactors, financial statements showed Monday, revealing part of the reason that electricity rates went up. Kyushu Electric Power Co. restarted ...

Lotte Holdings shareholders back younger brother Akio amid family feud

Aug 17, 2015

Lotte Holdings shareholders back younger brother Akio amid family feud

Lotte Holdings Co. said Monday its shareholders support a plan to strengthen the conglomerate’s corporate governance under the current management led by Vice Chairman Akio Shigemitsu, effectively confirming his leadership amid a family feud with his older brother. During a roughly 15-minute shareholders meeting ...

SoftBank increases stake in Sprint with ¥10.86 billion investment

Aug 13, 2015

SoftBank increases stake in Sprint with ¥10.86 billion investment

SoftBank Group Corp. said Thursday it has invested another ¥10.86 billion ($87 million) in Sprint Corp., underscoring billionaire founder Masayoshi Son’s commitment to turning around the money-losing U.S. wireless carrier. The Japanese telecommunications and Internet business group bought 22.9 million Sprint shares at an ...