Business Topics

Jan 23, 2015

SoftBank to merge four telecom units in April

SoftBank Corp. said Friday it will merge its four domestic telecommunications subsidiaries next April to improve business efficiency and competitiveness. The telecoms and Internet giant will integrate its operations under the surviving SoftBank Mobile Corp. starting April 1. The SoftBank board approved the structural ...

Jan 23, 2015

Joled to produce electroluminescent display panels starting in 2017

Joled Inc. plans to begin producing organic electroluminescent display panels in 2017, sources said on Friday. The company, which was established by the government-affiliated investment fund Innovation Network Corp. of Japan (INCJ) and firms including Sony Corp., will churn out 10- to 20-inch panels ...

Output of Mirai fuel cell car to quadruple by 2017: Toyota

Jan 22, 2015

Output of Mirai fuel cell car to quadruple by 2017: Toyota

Toyota Motor Corp. said Thursday that production of the Mirai fuel cell vehicle will be more than quadrupled to 3,000 vehicles in 2017 to meet stronger-than-expected demand since the world’s first mass-market hydrogen car debuted in Japan last month. Toyota, which hung onto its ...

Jan 22, 2015

Mitsui Fudosan to build office tower in Manhattan

Mitsui Fudosan Co., Japan’s biggest developer, will build an office tower in Manhattan with an expected cost of ¥150 billion. The Hudson Yards project is the company’s second development in New York in two years and its largest overseas development ever. In 2013, it ...

Jan 22, 2015

Mitsubishi UFJ said to have held talks to acquire DZ Bank's DVB

Mitsubishi UFJ Financial Group Inc., the nation’s biggest bank, held talks with DVB Bank SE about a possible takeover of the German shipping and aviation lender, sources said. Negotiations over the potential acquisition of the Frankfurt-based bank, which is majority owned by cooperative lender ...

Sharp cuts smartphone panel production amid weak sales to China

Jan 21, 2015

Sharp cuts smartphone panel production amid weak sales to China

Sharp Corp. has cut its production of liquid crystal display panels for smartphones and tablet computers amid weak sales to Chinese makers, sources said Wednesday. The struggling electronics maker has reduced the output of its mainstay “Igzo” panels by about 20 percent from the ...

Jan 20, 2015

Nomura to raise pay for 3,700 workers at brokerage unit

Nomura Holdings Inc. on Tuesday said it will raise pay for about 3,700 employees at its domestic brokerage unit to attract and retain staff, and to support the economy. Base pay at Nomura Securities Co. will climb an average 2.3 percent from April, said ...

Jan 20, 2015

Sony to close all Canadian stores

Sony Corp. will shut down all 14 Sony Store outlets in Canada within about two months, a company official said on Monday, as the struggling electronics giant tries to turn itself around. It has already reduced the number of stores in the United States ...