Business Topics

Jul 1, 2016

Kyushu Railway likely to go public in October

Southwestern Japan rail operator Kyushu Railway Co. has filed to list on the Tokyo bourse and is expected to go public in October, a source close to the matter said Friday. With an expected market capitalization of around ¥500 billion, the listing by the ...

Jul 1, 2016

Mitsubishi Motors, Nissan restart sales of scandal-affected minicars

Mitsubishi Motors Corp. and Nissan Motor Co. restarted sales of Mitsubishi-produced minicar models on Friday after a 2½-month hiatus following the revelation of fuel-economy data manipulations for the vehicles. Mitsubishi Motors began receiving orders for the eK Wagon and eK Space, with delivery beginning ...

Jul 1, 2016

Sharp to re-enter European market for household solar panels

Sharp Corp. is to re-enter the European solar panel market in cooperation with Taiwan’s Hon Hai Precision Industry Co., sources have said. In the face of weak domestic demand, Sharp plans to expand overseas using the existing sales network of Hon Hai, better known ...

Renesas embraces change with plans to outsource chip R&D

Jul 1, 2016

Renesas embraces change with plans to outsource chip R&D

Renesas Electronics Corp. is doing something that only a decade ago would have been unthinkable for a Japanese semiconductor maker: outsourcing research overseas. Outsourcing more R&D reduces the cost of developing components for new applications in autonomous cars and “the internet of things,” Chief ...

Jun 30, 2016

Brexit risks pile up for Hitachi Construction, CEO says

The risks are piling up for Japan’s construction equipment makers in the aftermath of Brexit. Already contending with China’s slowdown and a rout in commodities prices, Hitachi Construction Machinery Co. now faces two new threats after the U.K.’s vote to quit the European Union: ...

Daihatsu shareholders approve full ownership by Toyota

Jun 29, 2016

Daihatsu shareholders approve full ownership by Toyota

Shareholders of Daihatsu Motor Co. on Wednesday approved a proposal for the Japanese automaker to become a wholly owned unit of Toyota Motor Corp. on Aug. 1. Toyota, which currently owns about 51 percent of Daihatsu, will acquire remaining Daihatsu shares through an equity ...

Kubota group starting production of grapes for wine

Jun 28, 2016

Kubota group starting production of grapes for wine

The Kubota Corp. group has started producing grapes on its farms, which have mainly produced rice for export, according to sources. To expand its foundation for agricultural business, the group will produce grapes, which are increasingly in high demand for wine production, the sources ...

Jun 28, 2016

Line shoots for ¥112 billion IPO amid market tumult

Line Corp., Japan’s most popular mobile-messaging service, and its owners are aiming to raise as much as ¥112 billion in what could become the biggest technology initial public offering globally this year. Backed by South Korean search portal Naver Corp., Line and its existing ...

Jun 28, 2016

Itochu buys U.S. power plant managing firm

Itochu Corp. said Tuesday it has acquired PurEnergy LLC, a U.S. power plant and energy asset management firm, through NAES Corp., a Seattle-based unit of the Japanese trading house. The value of the deal was not disclosed. Syracuse-based PurEnergy engages in a wide range ...