Business Topics

Honda to debut jet plane in Brazil

Jul 21, 2015

Honda to debut jet plane in Brazil

Honda Motor Co.’s first jet plane will soon debut in Brazil, where a new class of rich corporate executive is emerging on the back of brisk economic growth, the automaker’s U.S. aircraft unit said Monday. The number of pre-orders for the HondaJet has already ...

Jul 21, 2015

Toshiba's accounting scandal among biggest in Japan corporate history

Toshiba Corp.’s ¥152 billion ($1.2 billion) accounting scandal, caused by top executives setting unrealistic profit targets, ranks among the largest in Japanese corporate history. An industrial group that makes everything from nuclear reactors to microchips and home appliances, Toshiba said Monday it must correct ...

Ajinomoto eyeing further acquisitions in Europe

Jul 21, 2015

Ajinomoto eyeing further acquisitions in Europe

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Ajinomoto Co., the Japanese maker of flavors and food ingredients, has posted an executive in Europe to hunt for acquisition targets in the region, according to a person with knowledge of the matter. The executive joined Ajinomoto’s European headquarters in the last couple of ...

Jul 21, 2015

Tokio Marine to use Citic to grow in China after U.S. foray

Tokio Marine Holdings Inc., fresh from its biggest acquisition in the U.S., is now looking for opportunities in China. The insurer plans to utilize its ties with Citic Group Corp., China’s biggest conglomerate, to expand in the country, Tsuyoshi Nagano, Tokio Marine’s president and ...

Jul 21, 2015

Chubu Electric mulls selling power with Inpex

Chubu Electric Power Co. is considering joining hands with Inpex Corp. to sell electricity to gas operators in the Kanto region, company sources said Tuesday. The Nagoya-based utility, which currently supplies power in central Japan under a regional monopoly system, hopes to utilize the ...

Toshiba chief hinted at resignation in May

Jul 17, 2015

Toshiba chief hinted at resignation in May

Toshiba Corp. President Hisao Tanaka hinted in May that he would step down to take responsibility for an accounting scandal that has savaged the reputation of the once-mighty Japanese conglomerate, a company source said. Amid media reports Friday that his exit may come as ...