Business Topics

Mar 26, 2015

Toho Zinc to restore Australian mine output amid global deficit

Toho Zinc Co., Japan’s third-biggest producer of the metal, will restore full capacity at its Rasp mine in Australia around the middle of this year after improving access to high-grade ore deposits. Production of zinc concentrate at the site in New South Wales will ...

Mar 26, 2015

Domestic auto output fell 5.8% on year in February

The combined domestic production of Toyota Motor Corp. and seven other Japanese carmakers fell 5.8 percent year on year to 771,945 units in February, down for the eighth month straight, data released by the companies says. The results, released Wednesday, underscored that last April’s ...

Mar 26, 2015

Shinsei Bank's Kudo tapped to become next president

Shinsei Bank plans to promote Managing Executive Officer Hideyuki Kudo, 51, to president in June. The appointment will be formalized at a meeting of the bank’s board after the general shareholders’ meeting on June 17. Kudo will succeed Shigeki Toma, 66, who is slated ...

Mar 26, 2015

Rakuten to buy Japan unit of U.S. currency trader FXCM

FXCM Inc., a major U.S. provider of online foreign exchange trading services announced Wednesday that it has agreed to sell its Japanese unit, FXCM Japan Securities Co., to Rakuten Securities Inc. for $62 million. The transaction is expected to close on Wednesday. It comes ...

Mar 25, 2015

Apple to build R&D facility in Yokohama

U.S. computer maker Apple Inc. plans to build a technology development facility at a former Panasonic Corp. plant site in Yokohama, Mayor Fumiko Hayashi said Wednesday. “Apple’s presence could trigger a virtuous cycle where new values and industries will be created,” she said at ...

Otsuka Kagu familial feud nears climax

Mar 25, 2015

Otsuka Kagu familial feud nears climax

by Kazuaki Nagata

A battle between the founder of Otsuka Kagu Ltd. and its current president, who also happen to be father and daughter, is expected to turn into a proxy fight at the company’s annual shareholders’ meeting scheduled for Friday, with the result deciding the fate ...

Mar 25, 2015

Trader Sumitomo braces for worst losses since 1997

Sumitomo Corp. said it expects an annual loss of ¥85 billion ($711 million), more than four times the number forecast by analysts, after the trading house posted additional write-downs on its resources investments. The drop in energy and commodity prices means Sumitomo will need ...

Pachinko parlor operator Niraku to go public in Hong Kong

Mar 24, 2015

Pachinko parlor operator Niraku to go public in Hong Kong

Niraku Corp., an operator of pachinko parlors, plans to go public on the Hong Kong Stock Exchange where its stock is expected to start trading around April 8, sources close to the matter said Monday. Fukushima-based Niraku is expected to raise some ¥5 billion ...

For businesses, more women in charge means bigger profits

Mar 24, 2015

For businesses, more women in charge means bigger profits

When Rohini Anand took over diversity programs at multinational catering company Sodexo in 2002, she had one goal: To prove that it pays for a company to have equal numbers of male and female managers. Sodexo, which has 419,000 employees in 80 countries, says ...