Business Topics

Apr 3, 2015

Toyota to build new plants in China, Mexico

Toyota Motor Corp. has decided to set up a new plant in China and another in Mexico at a total cost of ¥150 billion, with construction seen starting from 2018, informed sources said Friday. The Chinese plant will have an annual capacity of 100,000 ...

Nissan to launch self-driving car in Japan in 2016, Ghosn says

Apr 3, 2015

Nissan to launch self-driving car in Japan in 2016, Ghosn says

Nissan Motor Co. will launch a car with self-driving technologies in Japan in 2016, the automaker’s CEO, Carlos Ghosn, announced in New York. “There will be a Nissan product in Japan, which will carry autonomous drive,” Ghosn said at a news conference Thursday on ...

Apr 3, 2015

Sales of Peyoung noodles to resume June 8

Maruka Foods Corp. will resume sales of its Peyoung brand instant noodles in the Kanto region on June 8, company officials said Thursday. Sales have been suspended since December following a customer complaint that an insect was found in the noodles. The company will ...

Line again files for listing on TSE

Apr 2, 2015

Line again files for listing on TSE

Free messaging app provider Line Corp. has once again filed for listing on the Tokyo Stock Exchange, informed sources said Thursday. Line applied in mid-2014 for a share sale in Japan and said it was eyeing a U.S. listing as well. But it pulled ...

Apr 2, 2015

Otsuka Kagu sales stall amid family management dispute

Furniture retailer Otsuka Kagu Ltd. said sales plummeted 37.8 percent in March year on year amid a painfully public dispute within its owning family over how the company should be managed. The dispute tarnished its image and deterred customers. The plunge contrasted with strong ...

Amazon Japan starts selling electric cars

Apr 1, 2015

Amazon Japan starts selling electric cars

First it was books, then household products; now you can buy an electric car from online shopping giant Amazon. The Japanese unit of German auto giant BMW on Wednesday started selling its i3 electric models on Amazon.co.jp. The high-end automaker’s small electric vehicle has ...

Apr 1, 2015

Toyota to launch Mazda-made subcompact in U.S.

Toyota Motor Corp. said it will launch an all new subcompact in the United States this fall, its first model supplied by Mazda Motor Corp. under an original equipment manufacturer agreement. The 1,500cc gasoline engine-powered iA, announced Tuesday and developed based on Mazda’s Demio ...

Mar 31, 2015

Dai-ichi Life to boost dividends for 5.6 million contracts

Dai-ichi Life Insurance Co. plans to increase dividend payments for fiscal 2014 for 5.6 million individual contracts, informed sources said. The figure accounts for more than 50 percent of dividend-carrying insurance contracts for individual policyholders. The additional payments will total some ¥1.6 billion, the ...

Mar 31, 2015

Auto output in Japan falls for eighth straight month

Vehicle production in Japan fell 5.3 percent in February from a year earlier to 817,390 units, down for the eighth straight month, as demand shrank following a consumption tax hike last year, an industry body said Tuesday. The Japan Automobile Manufacturers Association said the ...

Sony teams up with Spotify to stream music for PlayStation users

Mar 31, 2015

Sony teams up with Spotify to stream music for PlayStation users

Sony Network Entertainment International LLC has linked up with major European online music provider Spotify Ltd. to launch a music-streaming service through its PlayStation network in 41 countries, the company said Monday. The list does not yet include Japan. Sony Corp.’s network entertainment unit ...