Business Topics

May 18, 2016

Sony invests in U.S. artificial intelligence venture

Sony Corp. said Wednesday it has invested in U.S. artificial intelligence startup Cogitai, aiming to develop new AI technologies and release products within the next three years. Sony is believed to have obtained a roughly 20 percent stake in the company that was founded ...

May 17, 2016

Mitsubishi UFJ projects 11% lower profit amid negative rates

Mitsubishi UFJ Financial Group Inc. sees full-year profits falling 11 percent as negative interest rates squeeze loan profitability and the costs of bad loans increase. The country’s largest bank is targeting net income of ¥850 billion in the year ending March 2017, it said ...

Nintendo eyes filmmaking for growth after Mariners sale

May 16, 2016

Nintendo eyes filmmaking for growth after Mariners sale

Video game maker Nintendo Co. is eyeing the movie business for growth. Company spokesman Makoto Wakae said Monday details are undecided but the work might be a theater release or a DVD. Nintendo, which makes the Wii U home console and Nintendo 3DS hand-held ...

May 16, 2016

Nippon Steel to take control of Nisshin to weather China glut

Nippon Steel & Sumitomo Metal Corp., Japan’s largest steel maker, said it will take majority control of the nation’s No. 4 mill, Nisshin Steel Co., as the industry consolidates in the face of a global supply glut. Citing a “rapid deterioration of the business ...

May 16, 2016

Renova eyes growth in Japan renewables market beyond solar

Renova Inc., a developer of renewable energy, is targeting an expansion of its solar-power capacity to more than 300 megawatts, while also tapping into other clean energy technologies to broaden its offerings amid cuts in the rates that solar-power producers get. The Tokyo-based venture, ...

May 14, 2016

Hawaiian Airlines to fly from Tokyo to Kailua-Kona on Big Island

Hawaiian Airlines on Friday secured the right to begin flying nonstop between Tokyo and Kailua-Kona, bringing a regularly scheduled direct flight between Japan and the Big Island for the first time since 2010. The U.S. Department of Transportation said it had awarded a new ...