Business Topics

Jul 29, 2015

Tepco's quarterly profit triples as fuel prices plunge

Tokyo Electric Power Co., operator of the wrecked Fukushima No. 1 nuclear plant, said its first-quarter operating profit tripled as a drop in fuel prices helped cut costs. Tepco, as Japan’s biggest utility is known, posted an operating profit of ¥228.3 billion ($1.85 billion) ...

Panasonic three-month net profit soars more than 50%

Jul 29, 2015

Panasonic three-month net profit soars more than 50%

Japanese electronics giant Panasonic Corp. said Wednesday that its net profit soared 57 percent from a year ago, mainly thanks to a tax accounting change as the electronics giant continues to reshape its business. The Osaka-based firm’s earnings for the three months to June ...

Jul 29, 2015

Nissan profits beat estimates as deliveries increase in U.S.

Nissan Motor Co. reported profits that beat analyst estimates as deliveries increased in the U.S., its biggest market. Net income rose to ¥152.8 billion ($1.2 billion) in the quarter ended June from ¥112.1 billion a year earlier, Nissan said on Wednesday. That exceeded the ...

Jul 29, 2015

Scandal-hit Toshiba eyes retaining Muromachi as president

Toshiba Corp. is looking at the possibility of retaining temporary President Masashi Muromachi when it appoints its new management team next month as it regroups following an accounting scandal, according to company sources. Muromachi, who is also Toshiba chairman, tentatively took over the presidency ...

Jul 27, 2015

Canon profit tumbles 20.5% on weak camera demand

Canon Inc. said Monday that its net profit fell 20.5 percent in the first six months of the year as smartphones increasingly take a bite out of demand for digital cameras. The photography and office equipment giant reported a ¥102.13 billion ($830 million) profit ...

Mitsubishi Tanabe Pharma to revamp drug development divisions

Jul 27, 2015

Mitsubishi Tanabe Pharma to revamp drug development divisions

Mitsubishi Tanabe Pharma Corp. said Monday it will reorganize its three drug development-related divisions on Oct. 1 to speed up new drug launches. Specifically, the company’s three divisions — basic research, clinical trials and quality control — will be reorganized into two divisions. Of ...