Business Topics

Jan 30, 2016

Hon Hai chief to visit Sharp, present new bailout proposal

Terry Gou, chairman of Taiwan’s Hon Hai Precision Industry Co., was set to visit Sharp Corp. on Saturday to present a new bailout proposal, informed sources told Jiji Press. The new proposal includes supply of growth capital that exceeds the ¥300 billion in capital ...

Hello Kitty parking lot opens in Tokyo's Asakusa district

Jan 29, 2016

Hello Kitty parking lot opens in Tokyo's Asakusa district

Character goods maker Sanrio Co. and Mitsui Fudosan Realty Co. have opened a car-parking space featuring Hello Kitty, the beloved kitten character, in Tokyo’s Asakusa district. As Hello Kitty is also popular outside Japan, the car-parking lot near the Kaminarimon entrance gate of Sensoji, ...

Jan 29, 2016

Docomo unveils new monthly pricing scheme for smartphones

NTT Docomo Inc. on Friday announced a new monthly fee plan for smartphones that costs ¥4,500 per person for subscriptions covering three family members. The new plan, excluding tax, will debut in March and is ¥2,000 per person lower than its current scheme. It ...

Jan 29, 2016

Mitsui O.S.K. expects to sink into red ink for business 2015

Shipping giant Mitsui O.S.K. Lines Ltd. said Friday it will fall into the red in the business year ending in March after incurring huge restructuring costs amid deteriorating profitability on sluggish demand linked to China’s economic slowdown. The company is forecasting a consolidated net ...

Jan 29, 2016

Toyota to make Daihatsu wholly owned subsidiary in August

Toyota Motor Corp. said Friday it will make Daihatsu Motor Co. a wholly owned subsidiary in August as the world’s top automaker seeks to revamp its low-priced small-car business amid growing demand in emerging markets. Toyota, which holds a roughly 51 percent stake in ...

Sony on net profit upswing as PlayStation sales soar

Jan 29, 2016

Sony on net profit upswing as PlayStation sales soar

Sony on Friday posted a nine-month net profit of ¥236.1 billion, as strong sales of its PlayStation video games console and image sensors used in mobile gadgets helped it move past years of losses. The once-iconic Japanese giant has been working to claw back ...