Business Topics

Jul 4, 2014

Sharp to exit LCD TV, home appliance markets in Europe

Struggling electronics maker Sharp Corp. is pulling out of the European market for liquid crystal display televisions and home appliances, a source familiar with the matter said Thursday. Sharp earlier shuttered it solar business in Europe, and is moving to focus on growing markets ...

Largest LED veggie factory built in quake-hit city

Jul 3, 2014

Largest LED veggie factory built in quake-hit city

The world’s largest vegetable factory to make use of light-emitting diodes has been built in one of the cities damaged by the 2011 Great East Japan Earthquake and tsunami, the factory’s operator said. Mirai Co., a Tokyo-based company that runs vegetable growing factories, said ...

Canned cocktails blitz beer

Jul 3, 2014

Canned cocktails blitz beer

Japanese brewers will release a record lineup of canned cocktails this summer as fizzy concoctions come to the fore in efforts to offset a decade of declining beer sales. Brewers such as Kirin Holdings Co. Ltd. have long tried to retain drinkers by making ...

Jul 3, 2014

Toyota to supply fuel cell vehicle parts to other automakers

Toyota Motor Corp. is planning to provide the major components of fuel cell vehicles to other automakers to promote their entry into the market, company officials said. Since the huge cost of developing the next-generation cars will be difficult for midsize companies to bear, ...

Jul 3, 2014

Japanese banks trail peers on dividend payouts

Japan’s biggest banks, which posted record earnings last year, are less generous than their global peers in sharing profits with investors while they search for more takeovers abroad. Mitsubishi UFJ Financial Group Inc., Sumitomo Mitsui Financial Group Inc. and Mizuho Financial Group Inc. paid ...

Jul 3, 2014

Fire insurance premiums expected to rise 3.5% next year

An organization of casualty insurance companies said it will raise benchmark rates used to set member companies’ fire insurance premiums by an average of 3.5 percent to cope with increasing payouts following recent natural disasters. The General Insurance Rating Organization of Japan said Wednesday ...

Toshiba nearing Bulgaria nuclear reactor deal

Jul 3, 2014

Toshiba nearing Bulgaria nuclear reactor deal

Toshiba Corp. is close to striking a deal to build a nuclear reactor for a Bulgarian state-owned utility firm for about ¥500 billion, company sources said Thursday. The Japanese firm plans to build the reactor with output capacity of around 1.1 million kilowatts through ...

Jul 2, 2014

Microsoft Japan says it can get 50 percent of tablet market

Microsoft Japan Co. President Yasuyuki Higuchi said Wednesday the company believes it can corner 50 percent of the Japanese market for tablet computers. The company recorded a 30.1 percent share of the market in the first three months of this year, up from 10.1 ...

Sony completes sale of PC business, splits TV operation

Jul 2, 2014

Sony completes sale of PC business, splits TV operation

Sony Corp. has completed the sale of its Vaio personal computer business to a Tokyo-based investment fund and split its television operation as it restructures to turn around its flagging electronics business. Sony’s Vaio-brand PC business in Japan was transferred to a company named ...