Business Topics

Aug 19, 2014

China fines Japan's NSK ¥2.9 billion for antitrust violations

China’s antitrust regulator fined bearing-maker NSK Ltd. ¥2.9 billion for violating rules, the first Japanese company to be punished amid an industrywide probe into pricing practices. NSK said it is cooperating fully with the investigation by China’s National Development and Reform Commission into its ...

Aug 18, 2014

JR East shuts Suica point website after 296,000 illegal accesses

Information on 756 commuters use JR East’s Suica point-conversion website may have been compromised, East Japan Railway Co. revealed Monday. The railway, recently at the center of a growing number of big data scandals, temporarily closed the website and said no financial damage had ...

SoftBank sells first bonds since dropping T-Mobile bid

Aug 18, 2014

SoftBank sells first bonds since dropping T-Mobile bid

SoftBank Corp., the Japanese wireless carrier led by billionaire Masayoshi Son, plans to sell bonds for the first time after it abandoned talks to merge Sprint Corp. with T-Mobile US Inc. Son’s company is offering ¥400 billion in five-year notes to individual investors, and ...

Aug 18, 2014

SMBC to become top stakeholder in biggest Cambodian bank

Sumitomo Mitsui Banking Corp. plans to acquire a stake of 12.25 percent in Acleda Bank, the largest commercial bank in Cambodia, for over ¥10 billion to become its top shareholder, sources said Monday. Pending approval by regulatory authorities in the Southeast Asian country, the ...

Top-paid Nikkei 225 female exec shows Japan gender hurdles

Aug 18, 2014

Top-paid Nikkei 225 female exec shows Japan gender hurdles

Only one female executive made it to the top-earner list of the Nikkei 225 companies last year. She is an American who lives in New York. Nicole Seligman, president of Sony Corporation of America and Sony Entertainment Inc., is the only female among 185 ...

Aug 17, 2014

Chugai denies report on Roche's bid for control

Chugai Pharmaceutical Co. is not in talks to become a wholly owned unit of Roche Holdings AG, contrary to a recent report about a $10 billion (¥1.02 trillion) share deal linked to the matter, the Tokyo-based drugmaker said. “Chugai is in no way in ...

Aug 17, 2014

Convenience stores take new tack with tie-ups, new food offerings

Convenience store chains are launching new types of outlets to attract new customers and expand sales networks as competition increases. FamilyMart Co. is adding more outlets paired with karaoke boxes, while Three-F Co. is setting up stores specializing in foodstuffs. On Wednesday, FamilyMart opened ...

Aug 15, 2014

Don Quijote to boost duty-free sales with dedicated paperwork counters

Major discount chain Don Quijote Holdings Co. plans to boost duty-free sales for foreign tourists in October, when consumable goods will be added to tax-free items, company officials said. The company will create dedicated counters where visitors from other countries can complete the procedures ...

Aug 15, 2014

Chip makers skip summer break to meet smartphone demand

While much of Japan relaxes during the Bon summer holiday period, its top semiconductor makers are keeping their factories running to meet fierce demand from China for the technology that runs smartphones. Demand is expected to heat up even more with the launch of ...