Business Topics

Nov 12, 2014

Sharp promises world's first smartphone with 4K display

Sharp Corp. said it will develop by March 2017 an advanced smartphone panel capable of showing 4K high-quality videos using its power-saving Igzo LCD technology. The smartphone will be the world’s first to offer 4K display, as current devices allow users to only record ...

Takata chairman stays out of sight as air bag crisis imperils dynasty

Nov 12, 2014

Takata chairman stays out of sight as air bag crisis imperils dynasty

Takata Corp. Chairman Shigehisa Takada’s failure to come forward and address an air bag crisis ensnaring the world’s biggest automakers risks shaking investor confidence in the 81-year-old company’s prospects. Takada plans to skip Thursday’s analyst briefing in Tokyo and send in his place Chief ...

Nov 11, 2014

Wacoal reaches settlement with U.S. FTC over weight-loss underwear

Wacoal Holdings Corp. said Tuesday it has officially reached a settlement with the U.S. Federal Trade Commission to pay $1.3 million (about ¥150 million) in refunds to buyers of its weight-loss underwear for women. The Kyoto-based lingerie maker agreed in late September to refund ...

Nov 11, 2014

Regional banks Higo, Kagoshima to merge in 2015

Regional lenders Kagoshima Bank and Higo Bank have agreed to merge next year to tackle the intensifying competition, shrinking population and economic stagnation afflicting the industry. The banks, both based in Kyushu, plan to establish a joint holding company on Oct. 1 next year, ...

Honda to launch new Legend sedan in Japan in January

Nov 10, 2014

Honda to launch new Legend sedan in Japan in January

Honda Motor Co. will roll out the redesigned fifth-generation Legend in Japan in January with the aim of restoring its image following recalls in the home market. Honda said Monday that the new flagship luxury sedan containing the latest technology will be powered by ...

Nov 10, 2014

GM-supplier Teijin targets mass-produced carbon fiber cars

A quarter of all “eco cars” will use carbon fiber within six years as automakers ranging from General Motors to Toyota turn to lighter materials to improve fuel economy, an Osaka-based supplier says. Teijin Ltd., provider of carbon fiber to Airbus Group NV’s A380 ...

Nov 10, 2014

Abe administration would back USJ theme park in Okinawa

The Abe administration will support Universal Studios Japan Co. if the firm decides to launch of a theme park in Okinawa Prefecture, Chief Cabinet Secretary Yoshihide Suga said Monday. Increasing tourists to the prefecture is important not only for local communities but also for ...