Business Topics

IBM Watson computing technology learns Japanese

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The IBM Watson computing technology, which has helped organize massive data and has beaten champions on the “Jeopardy” TV show, is now learning Japanese. IBM Watson, a unit of the U.S. technology and consulting company, said Thursday it was working with telecommunications and robotics company Softbank Corp. to share Watson ...

Aug 4, 2015

Major Japanese firms post robust profit growth in April-June

Major Japanese firms posted robust year-on-year profit rises in the April-June quarter due to the yen’s decline, an oil price plunge and fading adverse effects of the consumption tax hike in April 2014, according to data compiled by a major brokerage. The combined pretax ...

Aug 4, 2015

Hokuetsu Kishu won't merge with Daio Paper

Hokuetsu Kishu Paper Co. has no plans to merge with Daio Paper Corp. anytime soon, the president of Hokuetsu, the fifth-largest paper-maker in Japan, said in a recent interview. Hokuetsu has a stake of over 20 percent in Daio, the fourth-biggest paper-maker. Hokuetsu President ...

Retty plans IPO to fund global expansion of restaurant review app

Aug 3, 2015

Retty plans IPO to fund global expansion of restaurant review app

Retty Inc., the Japanese restaurant-review app backed by an arm of Fidelity Worldwide Investment, plans a domestic initial public offering by mid-2017 to fund expansion into global cities, from San Francisco to Hong Kong. Retty aims to start offering an English-language smartphone app and ...

Trump sought to import foreign workers

Aug 1, 2015

Trump sought to import foreign workers

Donald Trump is staking his run for U.S. president in part on a vow to protect American jobs. But this month, one of his companies, the elite Mar-a-Lago Club resort in Florida, applied to import 70 foreign workers to serve as cooks, wait staff ...

Jul 31, 2015

Sharp logged group net loss in April-June for fifth straight year

Sharp Corp. said Friday it remained in the red in the April-June period for the fifth straight year with a net loss of ¥33.98 billion due to sluggish sales of liquid crystal displays for smartphones. The Osaka-based electronics maker quickly announced additional restructuring steps, ...

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 ...