Business Topics

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Takeda gains first foreign chief as Weber is appointed CEO

Takeda Pharmaceutical Co. has named Christophe Weber chief executive officer as part of a planned succession that makes the French national one of the few international executives to lead a Japanese company. Weber, currently the chief operating officer, takes the new position effective April 1, the drugmaker said in a ...

Mar 6, 2015

Peach Aviation to launch Naha-Seoul flights in September

Low-cost carrier Peach Aviation Ltd. says it will begin flights linking Naha, Okinawa Prefecture with Seoul on Sept. 4. The seven flights per week aim to capture tourism demand from South Korea. One-way tickets between Naha and Seoul are set to cost between ¥5,980 ...

Sharp mulls ending overseas TV output except for China

Mar 6, 2015

Sharp mulls ending overseas TV output except for China

Sharp Corp. is considering ceasing all overseas production of LCD televisions with the exception of operations in China as it tries to improve the picture for its flickering TV business, sources close to the matter said. The ailing electronics maker has suffered multiple years ...

Mar 6, 2015

Sumitomo to build ¥5 billion thermal power plant in Myanmar

Sumitomo Corp. said Friday it has won an order to construct a thermal power plant in Myanmar. The order from Myanmar Electric Power Enterprise, an affiliate of the Ministry of Electric Power, is worth about ¥5 billion, Sumitomo said. The plant will have two ...

Mar 4, 2015

Seiko winds down Gifu clock plant

Seiko Clock Inc. will close its sole remaining domestic clock-making plant by the end of March, informed sources said Wednesday. Its clock production will take place only in Chinese and Thai factories to which it is already outsourcing production, the sources said. The plant ...

Mar 4, 2015

Itochu selling China Food unit to Asahi group

Itochu Corp. has agreed to sell a Chinese food unit to Asahi Group Holdings Ltd., as the trading house seeks to raise funds ahead of its planned $5 billion investment in Citic Ltd. and to maintain its profit forecasts. Japan’s third-largest trading house will ...

Mar 4, 2015

Skymark to suspend Yonago route from September

Bankrupt Skymark Airlines Inc. said Wednesday it will suspend flights to and from Yonago Kitaro Airport in Tottori Prefecture from Sept. 1 as one measure of many to restore its financial health. The suspension will remain through Oct. 24, but no decision has been ...

Hong Kong fund buys Osaka's Kuidaore building

Mar 3, 2015

Hong Kong fund buys Osaka's Kuidaore building

A Hong Kong-based investment fund said Monday it has bought a commercial building in Osaka’s downtown Dotonbori district and hopes to place it on the tourist trail for Asian visitors. The building has a fun and locally famous gimmick: Kuidaore Taro, a bespectacled mechanical ...