Business Topics

Aug 12, 2016

First-quarter profit fell by 16% for major Japan firms

Major nonfinancial companies saw year-on-year profits fall by 15.9 percent in the first quarter, thanks largely to the pricey yen, data show. Combined sales shrank 5.9 percent, according to the tally for April to June. The figures cover the 1,219 firms listed on the ...

Aug 12, 2016

Hon Hai profit drops a third straight quarter on phone slowdown

Hon Hai Precision Industry Co.’s profit fell for a third straight quarter, reflecting the impact of a global slowdown in demand for smartphones. Net income dropped 31 percent to New Taiwan dollars 17.7 billion ($565 million) in the three months ended June, according to ...

Mitsubishi Motors reveals XM Concept crossover SUV in Indonesia

Aug 12, 2016

Mitsubishi Motors reveals XM Concept crossover SUV in Indonesia

Mitsubishi Motors Corp. on Thursday revealed its new XM Concept crossover at the Gaikindo Indonesia International Auto Show. The XM Concept denotes X for crossover and M for multipurpose vehicle (MPV). Mitsubishi considers the vehicle a combination of the power, design and utility of ...

Aug 11, 2016

Kyushu Railway to list on Tokyo bourse on Oct. 25: sources

Southwestern Japan railway operator Kyushu Railway Co. will list on the Tokyo bourse’s main section on Oct. 25 in what would be the second-largest initial public offering in Japan this year, people close to the matter said Thursday. The company, commonly known as JR ...

McDonald's Japan returned to profitability in January-June half

Aug 9, 2016

McDonald's Japan returned to profitability in January-June half

McDonald’s Holdings Co. (Japan) is reporting a group net profit of ¥158 million for the January-June half, returning to profitability after years of slumping sales triggered by food safety scandals. The Japanese unit of the global fast-food chain posted a group operating profit of ...

Aug 9, 2016

Dentsu to buy U.S. data marketing firm Merkle Group

Advertising agency Dentsu Inc. said Tuesday it will buy a majority stake in U.S. data marketing agency Merkle Group Inc. as it expands its overseas portfolio. Merkle Group has expertise in customer data analysis, with more than 650 major companies among its clients globally. ...