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Jul 31, 2015

Seven & I, Fast Retailing eye alliance, clothing line

Japanese retail giant Seven & I Holdings Co. and Fast Retailing Co., the operator of Uniqlo and other clothing chains, are mulling forging a comprehensive business alliance, it was learned Friday. They are aiming to meet diversifying consumer needs through the collaboration, which is ...

Sony's April-June profits more than triple to ¥82.4 billion

Jul 30, 2015

Sony's April-June profits more than triple to ¥82.4 billion

Sony said Thursday its April-to-June net profit more than tripled as video games and smartphone component sales got a lift, with the company emerging from a painful corporate restructuring that included layoffs and asset sales. The Tokyo-based electronics giant logged a quarterly net profit ...

Jul 30, 2015

JFE announces participation in Vietnamese steel project

Japan’s JFE Steel Corp. said Thursday it will acquire a 5 percent stake in a large-scale Vietnamese steel plant project spearheaded by a Taiwanese steelmaker and will provide the project with technical support. JFE Steel is the first Japanese steelmaker to participate in an ...

Toshiba unveils more exec pay cuts over accounting scam

Jul 30, 2015

Toshiba unveils more exec pay cuts over accounting scam

Toshiba Corp. has announced an additional round of punishments over its accounting scandal — pay cuts affecting 16 executives, including Chairman and President Masashi Muromachi — and the resignation of another executive. Muromachi will have his executive salary slashed by half for an undecided ...

Jul 30, 2015

Fujitsu plunges into the red as PC sales fall

Fujitsu on Thursday warned that it plunged into the red in the April-June period on sluggish sales of personal computers and network equipment but said it will still meet its full-year profit target. The sprawling IT conglomerate fell into a ¥27.3 billion operating loss ...