Business Topics

Toyoda takes second in car race

Toyota Motor Corp. President Akio Toyoda took the steering wheel in the Nurburgring 24-hour endurance race through Monday in western Germany, with his team finishing second in its class, the automaker said. Toyoda teamed with three professional drivers to race a Lexus LF-A in the 10-car SP8 class in the ...

Nissan, Mitsubishi kick off joint minicar production

May 21, 2013

Nissan, Mitsubishi kick off joint minicar production

Nissan Motor Co. and Mitsubishi Motors Corp. on Monday started manufacturing a jointly developed minivehicle to be launched on June 6 across Japan. The two automakers together command about 10 percent of the minivehicle market. By cooperating, they think they can increase that to ...

KDDI readies four smartphones for summer campaign

May 21, 2013

KDDI readies four smartphones for summer campaign

KDDI Corp. said Monday it will begin selling four new smartphones this summer, including the HTC J One, the Japanese version of an internationally renowned model by Taiwanese maker HTC Corp. featuring enhanced sound. Buyers who sign a two-year contract can get the HTC ...

May 21, 2013

Mitsubishi unit eyes ¥4 trillion in sales in 2014

Mitsubishi Electric Corp. aims to boost its group sales to ¥4 trillion in the business year ending in March 2015, from projected sales of ¥3.81 trillion in fiscal 2013 by expanding key operations, including elevator production and sales overseas, the firm’s president said Monday. ...

May 21, 2013

Goldman Sachs to invest big in renewable energy

Goldman Sachs Group Inc. said Monday that it plans to invest as much as ¥50 billion in renewable energy projects in Japan in the next five years, tapping demand for electricity produced from solar and wind-power generators. The Wall Street firm also plans to ...

May 21, 2013

Toyota to hike lithium battery output

Toyota Motor Corp. is planning to expand lithium-ion battery production fivefold for its hybrid vehicles, sources said. The automaker currently uses nickel-metal hydride batteries in its flagship Prius and other hybrid vehicles but is now set to shift to lithium-ion batteries to boost fuel ...

Facebook playing catch-up a year after flawed IPO

May 20, 2013

Facebook playing catch-up a year after flawed IPO

After a market debut marred by technical glitches and a deep dive in the company’s stock price, Facebook has spent the past year focused on its biggest weaknesses: how to make money and keep its more than 1 billion users tethered to the social ...

Mixi's new boss tells ailing SNS time for changes

May 19, 2013

Mixi's new boss tells ailing SNS time for changes

Mixi Inc. will shore up its faltering earnings by seeking new businesses and doing away with complacency in the face of stiff competition from Facebook, incoming President Yusuke Asakura said Friday. Asakura, who will take the helm of the domestic social-networking site starting in ...

May 18, 2013

Resona in Malaysian bank tieup for Asian expansion

Resona Holdings Inc., the nation’s fifth-largest bank by market value, is poised to tie up with Malaysia’s Public Bank Bhd. as part of its efforts to expand in Asia. Resona will sign an agreement with Malaysia’s third-biggest lender on Monday to serve Japanese companies ...

May 18, 2013

Game maker GungHo blows by rivals

by Kazuaki Nagata

GungHo Online Entertainment Inc.’s presence on the stock market has been growing rapidly on the growth of its monstrously popular smartphone game “Puzzle and Dragons.” After starting the year at ¥84,200, GungHo’s stock price had climbed to ¥1.26 million at Friday’s close on the ...

Aeon sets 50% female manager goal

May 18, 2013

Aeon sets 50% female manager goal

Retail giant Aeon Co. plans to have women filling 30 percent of managerial positions by 2016 and 50 percent by 2020, President Motoya Okada said. Only around 10 percent of all managers at its roughly 200 group companies are women, due in part to ...

Honda looking forward to green return to F1

May 17, 2013

Honda looking forward to green return to F1

Honda Motor Co. formally announced Thursday that it will return to Formula One in 2015 as an engine supplier to British team McLaren to revive their championship-winning partnership. “We shall act as Maclaren-Honda” and are resolved to be “the No. 1, ” Honda President ...

May 17, 2013

MRI bows to FSA with vow to plan repayment

U.S.-based asset manager MRI International Inc., suspected of mishandling the funds of thousands of Japanese clients, responded to an order by the Financial Services Agency by promising investors a repayment plan. Japan’s financial watchdog delisted the asset manager in late April, while investigators from ...