Business Topics

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, ...

Feb 6, 2015

RadioShack files for bankruptcy, will sell up to 2,400 stores

Electronics retailer RadioShack Corp. filed for U.S. bankruptcy protection on Thursday and said it had a deal in place to sell as many as 2,400 stores to an affiliate of hedge fund Standard General, its lender and largest shareholder. Wireless company Sprint Corp. would ...

McDonald's Japan posts ¥22 billion loss after food woes

Feb 5, 2015

McDonald's Japan posts ¥22 billion loss after food woes

McDonald’s Corp.’s Japan affiliate reported its first full-year loss in 11 years as the fast-food chain faced fallout from food scandals and after labor disputes at U.S. ports forced it to ration french fries. The net loss for 2014 was ¥21.8 billion ($186 million), ...

Feb 4, 2015

Sony cuts full-year net loss forecast to $1.4 billion

Sony on Wednesday cut its full-year loss forecast by more than a quarter to ¥170 billion, thanks to a weak yen and improving smartphone sales. But it warned of further job cuts as part of its sweeping corporate overhaul. The revised number for the ...

Feb 4, 2015

Japan Tobacco to quit drinks business after 26 years

Japan Tobacco Inc. will exit the drinks business that it has built over the past 26 years, as an “increasingly challenging” operating environment in Japan makes it difficult for the unit to turn a profit. The company will quit the manufacturing and sale of ...