Business Topics

Jul 27, 2016

Line posts a profit in its first report card since global IPO

Line Corp. posted a profit in its first earnings report since ushering in the year’s biggest technology debut, as monthly active users rose to 220 million. Japan’s largest mobile messaging service announced ¥2.56 billion ($24.3 million) of net income in the six months through ...

Jul 26, 2016

TDK, NHK Spring searched over alleged price cartel

The Fair Trade Commission searched the offices of TDK Corp. and NHK Spring Co. on Tuesday on suspicion they formed a price cartel for electronics parts for hard disk drives, sources said. The two manufacturers of electronics components have allegedly set retail prices for ...

Jul 22, 2016

Takeda considering selling stake in chemicals unit to raise cash

Takeda Pharmaceutical Co. is exploring the sale of its majority stake in chemicals business Wako Pure Chemical Industries Ltd. as the drugmaker seeks to sell noncore assets to raise cash, according to people with knowledge of the matter. Takeda is working with advisers at ...

Jul 22, 2016

Komatsu to buy U.S. mining equipment maker Joy Global

Komatsu Ltd. said that it has agreed to acquire U.S. mining machinery maker Joy Global Inc. for $2.9 billion. Joy Global, based in Milwaukee, Wisconsin, has production bases in the United States, China, Australia and elsewhere. Annual sales totaled $3.2 billion in the year ...