Business Topics

Jul 20, 2016

Dai-ichi Life eyes Cambodian market to sell insurance products

Dai-ichi Life Insurance Co. is expanding into the Cambodian market, which will make it the first Japanese life insurer to do business in the Southeast Asian country, informed sources said Wednesday. The insurer plans to open a representative office in Phnom Penh by the ...

Jul 19, 2016

SoftBank shares dive on concerns over balance sheet

Shares in SoftBank Group Corp. plunged in Tokyo on Tuesday after it unveiled its ¥3.3 trillion takeover of chip designer ARM Holdings PLC, a deal that marks founder Masayoshi Son’s biggest gamble so far on the future of technology. The shares dropped as much ...

Yahoo logs 19% revenue fall, writes down Tumblr value

Jul 19, 2016

Yahoo logs 19% revenue fall, writes down Tumblr value

Yahoo’s latest earnings report leaves no doubt the internet company is stuck in a downward spiral. The company managed to beat Wall Street’s limited expectations for revenue in the April-June quarter. But after subtracting commissions paid to its partners, Yahoo said its revenue fell ...

Convenience store chains struggled in March-May period

Jul 12, 2016

Convenience store chains struggled in March-May period

The three major convenience store operators struggled with low profitability in March to May despite record-high sales. Sales for industry leader Seven-Eleven Japan Co., a core unit of Seven & I Holdings Co., grew 5.4 percent from a year before to ¥1.1 trillion after ...

Maker of bamboo whisks pessimistic after U.K.'s Brexit vote

Jul 11, 2016

Maker of bamboo whisks pessimistic after U.K.'s Brexit vote

Britain might be a world away, but the future of a 500-year-old family company in rural Japan could rest on the U.K.’s decision to quit the European Union. Chikumeido, a specialty maker of delicate bamboo whisks used in traditional tea ceremonies, started selling the ...