Business Topics

Apr 21, 2016

Sharp, Hon Hai to develop TVs jointly

As Sharp Corp. prepares to be taken over by Taiwan’s Hon Hai Precision Industry Co., it is planning to develop household appliances jointly with its new partner and aims to have televisions ready for sale by the end of the year, an executive at ...

Asahi to buy Peroni and Grolsch brands from AB InBev

Apr 19, 2016

Asahi to buy Peroni and Grolsch brands from AB InBev

Beer giant Asahi Group Holdings Ltd. said Tuesday it will buy the Peroni and Grolsch brands from Anheuser-Busch InBev, the world’s top brewer, which the latter pledged to sell as part of a tie-up with SABMiller. Terms of the deal — which also includes ...

Apr 19, 2016

Seven & I promotes subsidiary head Isaka as president

Seven & I Holdings Co. said Tuesday it will promote Ryuichi Isaka, head of its convenience store chain subsidiary Seven-Eleven Japan Co., to the position of president following a recent power struggle. The promotion comes days after the conglomerate’s 83-year-old chief executive officer, Toshifumi ...

Apr 19, 2016

Marubeni cuts fiscal 2015 profit outlook on commodities plunge

Marubeni Corp. on Monday cut its profit outlook for the year through March as the trading house booked losses totaling ¥120 billion due mainly to tumbling commodity prices. Marubeni now expects a group net profit of ¥60 billion, sharply down from its earlier estimate ...