Business Topics

Apr 7, 2015

Bain Capital completes tender offer for Yukiguni Maitake

Major Japanese mushroom producer Yukiguni Maitake Co. said Tuesday that U.S. investment fund Bain Capital LLC’s tender offer for the company has been successfully completed. Bain Capital acquired 78.33 percent of outstanding shares in Yukiguni Maitake, exceeding the 51.44 percent the fund had set ...

Apr 7, 2015

Sony boosts spending on camera sensor chips

Sony Corp. announced its second boost to capacity for chips used in camera sensors this year to meet demand for components it supplies for devices, including Apple Inc.’s iPhone. The company will spend ¥45 billion on expanding its Nagasaki and Yamagata TEC facilities, it ...

Toyota releases turbocharged Auris hatchback

Apr 7, 2015

Toyota releases turbocharged Auris hatchback

Toyota Motor Corp. has partially remodeled its Auris hatchback, giving it a newly developed 1.2-liter direct-injection turbo engine. The turbocharged car is designed to help the automaker compete better with rivals such as Volkswagen AG of Germany, because such vehicles are now becoming mainstream ...

Apr 7, 2015

Lawson, SG Holdings to offer new delivery service

Retailer Lawson Inc. and logistics company SG Holdings Co. are to begin a delivery service under a new alliance pitched at time-deprived workers and seniors. Lawson, a Tokyo-based convenience store operator, said Tuesday that it will take a 51 percent stake in the new ...

Apr 6, 2015

Japanese overseas M&As hit record levels in fiscal 2014

Japanese companies’ mergers and acquisitions overseas hit record levels both in number and value in fiscal 2014, which ended Tuesday, M&A consulting firm Recof Corp. said. Despite the yen’s weakness, which makes Japanese overseas acquisitions expensive, companies rich in cash due to improved earnings ...

Apr 6, 2015

SMBC Trust to absorb Citi's retail business in Japan on Nov. 1

Sumitomo Mitsui Banking Corp. said Monday that subsidiary SMBC Trust Bank will absorb Citigroup Inc.’s consumer banking business in Japan on Nov. 1. SMBC had previously said SMBC Trust Bank would complete the consolidation with Citibank Japan Ltd.’s retail operations in October, but it ...

Apr 6, 2015

Toyota Aqua named top-selling car for fiscal 2014

Toyota Motor Corp.’s Aqua hybrid repeated as the nation’s top-selling car in fiscal 2014, retaining its No. 1 ranking for the third consecutive year, industry bodies said Monday. There were 228,375 Aquas sold in the year ended last Tuesday, down 12.1 percent from fiscal ...

Taisho Bank, Tomony Holdings mull integration

Apr 6, 2015

Taisho Bank, Tomony Holdings mull integration

Taisho Bank, a second-tier regional bank based in the city of Osaka, and Tomony Holdings Inc., which owns similar-size banks in the Shikoku region, are looking at integrating in spring 2016, sources said Monday. Relevant parties, including Mitsubishi UFJ Financial Group Inc. — Taisho ...

Apr 3, 2015

Toyota to build new plants in China, Mexico

Toyota Motor Corp. has decided to set up a new plant in China and another in Mexico at a total cost of ¥150 billion, with construction seen starting from 2018, informed sources said Friday. The Chinese plant will have an annual capacity of 100,000 ...