Business Topics

Feb 12, 2015

NTT Docomo to hang up on expats in U.S. in 2016

NTT Docomo Inc. is set to terminate its mobile phone service for Japanese people in the United States next year in a move that would mark the effective withdrawal of Japan’s largest mobile carrier from the giant market. It would also highlight the urgent ...

Feb 11, 2015

Canon to buy Swedish security camera-maker Axis

Canon Inc. said Tuesday it will acquire the world’s leading security camera-maker, Axis AB of Sweden, through a tender offer. It will be Canon’s largest ever buyout, involving an estimated ¥333.7 billion and acquisition of all Axis shares. Axis last year logged a net ...

Feb 11, 2015

Skymark chief says corporate rehab could lead to international flights

Skymark Airlines may consider using the Airbus A330 jetliner for international flights in the future, according to Takashi Ide, the bankrupt airline’s chairman. Using the A330 for international services could be “one option,” he said in an interview on Tuesday. “Southeast Asian countries such ...

Five of Japan's major automakers report record profits

Feb 10, 2015

Five of Japan's major automakers report record profits

Five of the nation’s seven major automakers posted record group operating profits in April-December, thanks chiefly to strong sales in North America and improvements in profitability from overseas operations amid the yen’s weakening. Toyota Motor Corp., Fuji Heavy Industries Ltd., Mazda Motor Corp., Suzuki ...

Feb 9, 2015

Tepco, Chubu Electric to merge thermal power plant operations

Tokyo Electric Power Co. and Chubu Electric Power Co. will transfer operation of their thermal power plants to a new 50-50 joint venture, creating a huge thermal power company with a dominating market share, the two utilities said on Monday. The transfer will take ...

Tepco, Chubu Electric to merge existing thermal power plants

Feb 8, 2015

Tepco, Chubu Electric to merge existing thermal power plants

Tokyo Electric Power Co. and Chubu Electric Power Co. will transfer operations of their existing thermal power plants to a new joint venture, creating a huge thermal power company with a dominating market share. Under their agreement, to be finalized Monday, their thermal power ...

Feb 7, 2015

Yoshinoya opens its first 'gyudon' restaurant in Vietnam

Yoshinoya Holdings Co. has opened its first “gyudon” (beef-on-rice) restaurant in Vietnam, at a shopping center in Ho Chi Minh City. Yoshinoya opened the outlet Wednesday on the second floor of Aeon Mall Tan Phu Celadon, which is run by major Japanese retailer Aeon ...

Feb 6, 2015

Skymark wins Integral's support after bankruptcy filing

Skymark Airlines Inc., the budget carrier that filed for bankruptcy last week, won a pledge from private-equity fund Integral Corp. for ¥9 billion to support it through the restructuring process. Integral will provide Skymark with financing to maintain stable cash flow during the process, ...