Business Topics

Steel king NSSMC cedes crown to Arcelor as yen soars

Aug 5, 2016

Steel king NSSMC cedes crown to Arcelor as yen soars

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Japan’s biggest steel maker is top of the pile no more, as a resurgent yen hands a competitive advantage to overseas rivals amid an unprecedented global glut. Nippon Steel & Sumitomo Metal Corp. has been overtaken as the world’s most valuable producer by Europe’s ...

Aug 4, 2016

Fidelity invests in Japanese printing startup RakSul before IPO

RakSul Inc., a Japanese printing startup that’s seeking to go public, has raised about ¥2.1 billion from investors, including Fidelity. FIL Investments (Japan) Ltd. mutual funds and five other investors including Development Bank of Japan Inc. and advertising agency OPT Holding Inc. bought new ...

Asahi sees yen windfall on AB InBev beer deal

Aug 4, 2016

Asahi sees yen windfall on AB InBev beer deal

Asahi Group Holdings Ltd. could save about ¥30 billion ($297 million) on its purchase of European beer brands from Anheuser-Busch InBev NV because the yen has strengthened since the firms cut the deal. The brewer expects its purchase of Peroni, Grolsch and Meantime beers ...

Aug 3, 2016

Mercari mulls additional funding after clinching U.S. foothold

Japan’s first startup unicorn is considering a new fundraising round to maintain momentum after a spike in U.S. downloads for e-commerce company Mercari Inc. The company’s free mobile app, which matches individual buyers and sellers, jumped to No. 3 in the U.S. download rankings ...

Aug 3, 2016

Toyota, Daihatsu jointly debut new 'green' cars in Indonesia

Toyota Motor Corp. and Daihatsu Motor Co. jointly launched two different cars in Indonesia on Tuesday, a day after Toyota acquired all of Daihatsu’s shares. “It is a new relationship between Daihatsu and Toyota,” Daihatsu President Masanori Mitsui said during the launch in the ...