Business Topics

Nov 12, 2016

R&K Trading opens steel factory in Yangon

Iron and steel trader R&K Trading Co. inaugurated a ¥1.5 billion ($14 million) state-of-the-art steel factory in Yangon, Myanmar’s largest city, on Friday. The Japanese factory covers an area of 19,950 sq. meters in the Japan-backed Thilawa Special Economic Zone. With a production capacity ...

Toshiba profit triples on asset sales

Nov 11, 2016

Toshiba profit triples on asset sales

Toshiba Corp. said Friday its half-year profit tripled, owing to cost reductions and the sale of its home appliances business, providing a boost to the firm as it tries to turn the page on an embarrassing accounting scandal. The vast conglomerate posted an April-September ...

Nov 9, 2016

Line sticks to Asia market despite splashy IPO

It staged one of the year’s biggest IPOs but messaging app Line, while a huge draw among teens in Asia, says it has no big ambitions to take on Western giants such as Facebook on their home turf. The Japan-based company known for its ...

Suntory restarts beer output at plant in quake-hit Kumamoto

Nov 9, 2016

Suntory restarts beer output at plant in quake-hit Kumamoto

Suntory Beer Ltd. partially resumed beer production at its factory in Kumamoto Prefecture on Tuesday, nearly seven months after strong earthquakes hit the prefecture. The beer and soft drink plant in the town of Kashima was the last to see production restart among major ...

Tokio Marine to offer insurance coverage for self-driving cars

Nov 9, 2016

Tokio Marine to offer insurance coverage for self-driving cars

Tokio Marine Holdings Inc. & Nichido Fire Insurance Co. will extend insurance coverage to accidents involving autonomous cars for all policyholders from April next year. The core unit of Tokio Marine will be the first to give such insurance coverage in Japan, officials said ...

Nov 9, 2016

Japan's seven top carmakers see April-September sales sag amid high yen

Japan’s seven major automakers logged drops in group sales in April-September, reflecting the yen’s appreciation, their latest earnings data have showed. Toyota Motor Corp., Mazda Motor Corp. and Fuji Heavy Industries Ltd., which rely on exports more heavily than others, posted operating profit declines ...

Nov 8, 2016

Toyota lifts profit forecast on stable yen

Toyota Motor Corp. raised its profit forecast for this fiscal year as the yen’s rally stopped short of levels that the automaker had predicted, providing some respite from a sales slowdown that is threatening its position as the world’s top seller. Operating profit will ...

Nikon considers cutting up to 1,000 jobs

Nov 8, 2016

Nikon considers cutting up to 1,000 jobs

Nikon Corp. is considering slashing up to 1,000 domestic jobs in underperforming semiconductor equipment and digital camera businesses amid competition with overseas rivals and the shrinking market for such products, a source familiar with the matter said Tuesday. The optics and imaging products maker ...