Business Topics

Takeda gains first foreign chief as Weber is appointed CEO

Mar 5, 2015

Takeda gains first foreign chief as Weber is appointed CEO

Takeda Pharmaceutical Co. has named Christophe Weber chief executive officer as part of a planned succession that makes the French national one of the few international executives to lead a Japanese company. Weber, currently the chief operating officer, takes the new position effective April ...

Mar 4, 2015

Seiko winds down Gifu clock plant

Seiko Clock Inc. will close its sole remaining domestic clock-making plant by the end of March, informed sources said Wednesday. Its clock production will take place only in Chinese and Thai factories to which it is already outsourcing production, the sources said. The plant ...

Mar 4, 2015

Itochu selling China Food unit to Asahi group

Itochu Corp. has agreed to sell a Chinese food unit to Asahi Group Holdings Ltd., as the trading house seeks to raise funds ahead of its planned $5 billion investment in Citic Ltd. and to maintain its profit forecasts. Japan’s third-largest trading house will ...

Mar 4, 2015

Skymark to suspend Yonago route from September

Bankrupt Skymark Airlines Inc. said Wednesday it will suspend flights to and from Yonago Kitaro Airport in Tottori Prefecture from Sept. 1 as one measure of many to restore its financial health. The suspension will remain through Oct. 24, but no decision has been ...

Hong Kong fund buys Osaka's Kuidaore building

Mar 3, 2015

Hong Kong fund buys Osaka's Kuidaore building

A Hong Kong-based investment fund said Monday it has bought a commercial building in Osaka’s downtown Dotonbori district and hopes to place it on the tourist trail for Asian visitors. The building has a fun and locally famous gimmick: Kuidaore Taro, a bespectacled mechanical ...

Mar 2, 2015

Cyfuse said to raise ¥1.4 billion for human tissue printing

Cyfuse Biomedical K.K., the Japanese developer of a 3-D printer that produces human tissue, has raised ¥1.4 billion ($11.8 million) from investors including robotic-limb maker Cyberdyne Inc., people familiar with the matter said. Cyfuse agreed to sell a stake to 12 domestic investors including ...

Mar 2, 2015

Annual report offers new clues about Buffett's successor

Billionaire Warren Buffett is proud of what he’s built as Berkshire Hathaway’s CEO over the past 50 years, but he’s also willing to admit making a few costly mistakes along the way. Buffett used his annual shareholder letter released Saturday to make the case ...