Business Topics

Nov 8, 2016

Toyota lifts profit forecast on stable yen

Toyota Motor Corp. raised its profit forecast for this fiscal year as the yen’s rally stopped short of levels that the automaker had predicted, providing some respite from a sales slowdown that is threatening its position as the world’s top seller. Operating profit will ...

Nikon considers cutting up to 1,000 jobs

Nov 8, 2016

Nikon considers cutting up to 1,000 jobs

Nikon Corp. is considering slashing up to 1,000 domestic jobs in underperforming semiconductor equipment and digital camera businesses amid competition with overseas rivals and the shrinking market for such products, a source familiar with the matter said Tuesday. The optics and imaging products maker ...

Nov 8, 2016

SoftBank's profit improves as Sprint gets on track

SoftBank Group Corp. reported a better-than-projected second-quarter profit, with the wireless and internet businesses in Japan bringing in cash while Sprint Corp. shows signs of improvement. Net income was ¥512.1 billion in the period ended Sept. 30, the Tokyo-based company reported on Monday. That’s ...

Nov 7, 2016

Ritz-Carlton to open hotel in Nikko in 2020

A Ritz-Carlton hotel will open in the resort city of Nikko, north of Tokyo, in the summer of 2020, aiming to attract affluent foreign tourists, its operators said Monday. Ritz-Carlton Hotel Nikko will be the sixth in Japan to open under the luxurious hotel ...

Nov 7, 2016

Mitsui's Indian home shopping partner plans push to dominate market

With e-commerce and TV shopping gaining traction in India, Naaptol Online Shopping Pvt. Ltd. is looking to expand further by leveraging partner Mitsui & Co.’s experience in home shopping, top company officials say. “Our TV shopping business currently attends around 200,000 calls a day ...

Nov 7, 2016

Glass makers push heat-blocking tech that can reduce energy bills

Major glass makers are trying to increase sales of heat-blocking glass that helps buildings save energy and reduce air conditioning costs. Asahi Glass Co. even has multilayer glass that combines solar cell-embedded glass and glass with a heat-shielding metal coating. The solar cells are ...

German prosecutors widen VW 'dieselgate' probe to board chairman

Nov 7, 2016

German prosecutors widen VW 'dieselgate' probe to board chairman

German prosecutors probing whether Volkswagen executives manipulated the markets in the wake of the “dieselgate” scandal have widened their investigation to include the group’s supervisory board chief, the embattled auto giant said Sunday. VW said the probe had now also ensnared board Chairman Hans ...

Nov 6, 2016

Panasonic raps employees for accepting dinners from suppliers

Panasonic Corp. has disciplined more than 90 employees involved in TV-related procurement deals for accepting dinners from parts suppliers overseas in violation of company rules, a company official said Saturday. The employees had been wined and dined by local parts manufacturers on over 2,000 ...