Business Topics

Feb 20, 2017

Apple's upcoming iPhone release keeping Foxconn unit vibrant

Growing optimism about the next iPhone has propelled Apple Inc. to record highs. Halfway around the globe, a lesser-known Taiwanese company is riding that same wave of euphoria. Hon Hai Precision Industry Co., the main assembler of the U.S. company’s smartphones, has gained 29 ...

Feb 20, 2017

Tepco, Chubu Electric may integrate thermal power biz in 2018

Tokyo Electric Power Company Holdings Inc. and Chubu Electric Power Co. are considering integrating their thermal power generation business in fiscal 2018, a report said Monday. Tepco, an embattled utility facing the gigantic cost of dealing with the nuclear crisis at the Fukushima No. ...

Feb 17, 2017

Mitsubishi Estate names Junichi Yoshida as new president

Mitsubishi Estate Co. has named Senior Executive Officer Junichi Yoshida as its new president. Yoshida, 58, will succeed Hirotaka Sugiyama, 67, who will step aside to take up the post of chairman at the major Japanese real estate developer, the company said in a ...

Feb 17, 2017

Hitachi teams up with U.S. nuclear giant for British project

Hitachi Ltd. has partnered with Exelon Corp. to promote a nuclear power project in Britain, as it seeks to use the largest U.S. nuclear power plant operator’s expertise in running a reactor, Hitachi said. Horizon Nuclear Power Ltd., Hitachi’s nuclear unit in Britain, is ...

Feb 17, 2017

Sharp lifts profit guidance for fiscal 2016

Sharp Corp. on Friday upgraded its earnings outlook for the year through March on a decline in sales-related costs, forecasting a group operating profit of ¥47.4 billion ($418 million). That is up from the revised projection of ¥37.3 billion announced on Feb. 3. Sharp, ...