Business Topics

ANA taps Vice President Katanozaka as new CEO

Feb 13, 2015

ANA taps Vice President Katanozaka as new CEO

ANA Holdings Inc. said Friday it has named Senior Executive Vice President Shinya Katanozaka as new president and chief executive, replacing Shinichiro Ito, effective April 1. Ito, 64, will in turn succeed Yoji Ohashi, 75, as chairman of the holding company for All Nippon ...

Sony to launch training headset for runners

Feb 13, 2015

Sony to launch training headset for runners

Sony Corp. said Thursday it plans to launch a training headset for runners called Smart B-Trainer that uses music to help runners adjust their pace. The 43-gram device monitors heart rate, calorie consumption and running pace, and even selects songs for adjusting the pace, ...

Feb 13, 2015

Bain to buy Japanese bathhouse operator for ¥50 billion

U.S. private-equity firm Bain Capital LLC will purchase a Japanese firm operating hot-springs inns and bathhouses nationwide for around ¥50 billion, expecting it to profit from an increasing number of foreign tourists, a source said Friday. Bain will acquire all shares in Ooedo-Onsen Holdings ...

Feb 12, 2015

Honda bets that Chinese tastes will prevail in Japan, too

by Ma Jie

Honda Motor Co. designed the Jade minivan with the extended Chinese family in mind, appealing to the preference for space to carry relatives. The automaker is pitching the same car to Japanese consumers with a twist. Sales of the 1.5-liter engine Jade begin tomorrow ...

Feb 12, 2015

Seven Eleven parent acquires Barneys Japan

Seven & i Holdings Co. said Thursday it now wholly owns Barneys Japan Co. after buying a stake of just over 50 percent in the operator of the Barneys New York luxury fashion stores in Japan from major trading house Sumitomo Corp. The Japanese ...

Honda's aim in returning to F-1 is to win, president says

Feb 12, 2015

Honda's aim in returning to F-1 is to win, president says

The most important thing in Honda Motor Co.’s return to Formula One is to win races, said Takanobu Ito, the automaker’s president and chief executive officer. “Without a win, 99 percent of the race’s objective cannot be accomplished,” Ito said Tuesday in an interview. ...

Feb 12, 2015

NTT Docomo to hang up on expats in U.S. in 2016

NTT Docomo Inc. is set to terminate its mobile phone service for Japanese people in the United States next year in a move that would mark the effective withdrawal of Japan’s largest mobile carrier from the giant market. It would also highlight the urgent ...

Feb 11, 2015

Canon to buy Swedish security camera-maker Axis

Canon Inc. said Tuesday it will acquire the world’s leading security camera-maker, Axis AB of Sweden, through a tender offer. It will be Canon’s largest ever buyout, involving an estimated ¥333.7 billion and acquisition of all Axis shares. Axis last year logged a net ...

Feb 11, 2015

Skymark chief says corporate rehab could lead to international flights

Skymark Airlines may consider using the Airbus A330 jetliner for international flights in the future, according to Takashi Ide, the bankrupt airline’s chairman. Using the A330 for international services could be “one option,” he said in an interview on Tuesday. “Southeast Asian countries such ...

Five of Japan's major automakers report record profits

Feb 10, 2015

Five of Japan's major automakers report record profits

Five of the nation’s seven major automakers posted record group operating profits in April-December, thanks chiefly to strong sales in North America and improvements in profitability from overseas operations amid the yen’s weakening. Toyota Motor Corp., Fuji Heavy Industries Ltd., Mazda Motor Corp., Suzuki ...