Business Topics

Nissan CEO Ghosn's pay tops ¥1 billion for second year

Jun 22, 2016

Nissan CEO Ghosn's pay tops ¥1 billion for second year

Nissan Motor Co. President Carlos Ghosn, one of Japan’s best-paid executives, received more than ¥1 billion ($9.58 million) in pay for the second straight year after the carmaker’s profit climbed to a record. Ghosn, 62, was paid a total of ¥1.07 billion for the ...

SoftBank heir apparent Arora to resign over succession timeline

Jun 21, 2016

SoftBank heir apparent Arora to resign over succession timeline

A former Google executive who was seen as the heir apparent to the founder of mobile communications giant SoftBank has resigned because of a conflict over the timeline for his succession, the company announced Tuesday. SoftBank had just hours earlier cleared Nikesh Arora after ...

Jun 17, 2016

Japan's Idemitsu Kosan, Showa Shell to merge on April 1

Japanese refiner Idemitsu Kosan Co and smaller rival Showa Shell Sekiyu will merge on April 1 next year, the two companies said on Friday. Japan’s No.2 and No.5 refiners by revenue agreed last November in a deal worth about $4 billion to create the ...

Jun 16, 2016

Nippon Paper to buy Weyerhaeuser drinks carton business

Nippon Paper Industries Co. said Thursday it has agreed to purchase the world’s third largest liquids packaging board business from U.S. timber company Weyerhaeuser Co. for $285 million. The U.S. business, which produces and sells paper containers for soft drinks and milk, will be ...

Airbnb's 'master of disaster' comes to Tokyo as regulations loom

Jun 16, 2016

Airbnb's 'master of disaster' comes to Tokyo as regulations loom

Airbnb Inc. has gone on a charm offensive in Japan, hoping to drum up support as regulators debate whether to clamp down on the startup’s rapidly expanding operations. The world’s third-most valuable private startup dispatched high-powered lawyer and political strategist Chris Lehane to lay ...

Jun 15, 2016

SMBC to launch rice farming business in a first for Japanese bank

Sumitomo Mitsui Banking Corp. will this fall launch a company to farm rice, officials said Wednesday. It will be Japan’s first major bank to enter the agricultural sector. The banking unit of Sumitomo Mitsui Financial Group Inc. aims to improve agricultural productivity and expand ...