Business Topics

Softbank, KDDI strike back at low-cost smartphone rivals

Mobile carriers SoftBank Group Corp. and KDDI Corp. are hitting back at low-cost providers with competitive rates under their group brands. Newcomers to the rapidly expanding low-cost smartphone service market include retail giant Aeon Co. and online retailer Rakuten Inc. They use networks leased from major mobile carriers. According to ...

Aug 25, 2016

Sony to launch virtual reality video service in Japan

Sony Music Entertainment (Japan) Inc. will start video service for virtual-reality devices as early as this year in partnership with U.S. content provider Little Star Media Inc., the Japanese firm said Wednesday. The new service’s content will include some 7,000 items of news and ...

Aug 23, 2016

Sony, Tepco may bring internet of things into homes

Sony Corp. and Tokyo Electric Power Company Holdings Inc. are considering teaming up to offer household services based on so-called internet of things technology, subsidiaries of the two firms said Tuesday. Under the envisaged partnership, Sony Mobile Communications Inc. and Tepco Energy Partner Inc. ...

Aug 23, 2016

Sharp's new chief says reforms to include results-based pay

The new president of Sharp Corp., Tai Jeng-wu, on Monday revealed details of his plans for the struggling electronics maker, including pledging full-fledged structural reforms. Tai, also the No. 2 man of Taiwan’s Hon Hai Precision Industry Co., which acquired a majority stake in ...

Aug 19, 2016

Isetan Mitsukoshi may open facility in Philippines

Department store operator Isetan Mitsukoshi Holdings Ltd. is considering opening a store in the Philippines, sources said Friday. The company is discussing the development of a department store-style facility with residential housing in a suburb of Manila. The project would be in partnership with ...

Aug 18, 2016

Japan Post to sell lackluster online payments unit

Japan Post Co. plans to sell an online payments unit to information technology services firm GMO Internet Inc., sources said Thursday. Japan Post Finance Co., which offers payments services to online retailers, has struggled to win customers amid competition from rivals such as Rakuten ...

Aug 17, 2016

Myanmar bank offers JCB credit cards

A private bank in Myanmar on Tuesday began issuing JCB credit and debit cards, becoming the first in the country to do so. Ayeyarwady Bank, also known as AYA Bank, is offering the AYA Universal MPU-JCB Co-Brand Card in an arrangement with Myanmar Payment ...

Aug 17, 2016

Nippon Suisan joins market for fully farmed bluefin

Nippon Suisan Kaisha Ltd. is to begin selling bluefin tuna farmed from egg to adulthood after developing a way to mass produce the fish. Sales will begin in winter 2017, with the marine products maker expecting to ship 10,000 tuna, or 500 tons, in ...

Aug 16, 2016

Japan banks introducing telecommuting, reduced working hours

More major Japanese banks are reviewing their working patterns and introducing such systems as telecommuting and shorter working hours to help carers and parents with young children get the time they need. Mizuho Financial Group Inc. plans to allow some 23,000 employees at the ...