Business Topics

Jan 27, 2016

Canon names digital camera veteran Maeda as next president

Canon Inc. on Wednesday named Senior Managing Director Masaya Maeda as the successor to President Fujio Mitarai, who will remain chairman and chief executive officer. Maeda will become president in March. Mitarai, 80, told a news conference in Tokyo that Maeda was chosen because ...

Sony game unit SCE to change name in April

Jan 26, 2016

Sony game unit SCE to change name in April

Sony Computer Entertainment Inc. (SCE) will change its corporate name to Sony Interactive Entertainment LLC, or SIE, in line with its integration with another Sony Corp. group company on April 1. The word “Interactive” was adopted as part of the name to reflect the ...

Jan 26, 2016

Kawasaki Heavy joins 'hydrogen economy' project

Kawasaki Heavy Industries Ltd. will join with partners to set up a hub for imported liquefied hydrogen in western Japan in a government pilot project to develop offloading and storage systems in anticipation of wider hydrogen use. Kawasaki Heavy, Iwatani Corp. and the Kobe ...

Jan 26, 2016

McDonald's looks at selling stake in Japan unit

McDonald’s Corp. is studying selling a stake in its loss-making Japan unit to a “strategic investor,” as the world’s largest fast-food chain reviews its global ownership strategies. “We’re exploring the sale of a portion of our ownership in McDonald’s Japan if we identify a ...

Jan 25, 2016

Yamato to team with Line Corp. for new delivery service

Yamato Transport Co. is planning a new delivery service this year in which people can send a parcel to someone without knowing their address. Under the new service, to be run in cooperation with messaging application provider Line Corp., Yamato would act as a ...

Jan 24, 2016

Toshiba to sell off most of its chip operations

Scandal-hit Toshiba Corp. has decided to sell most of its semiconductor chip operations to focus on its flash memory business, informed sources said. The operations to be put up for sale include the division that handles system large-scale integrated circuits, which are used in ...

Honda fetes first HondaJet deliveries in U.S.

Jan 23, 2016

Honda fetes first HondaJet deliveries in U.S.

Honda Motor Co. celebrated the first U.S. deliveries of its new HondaJet at a ceremony in Phoenix as it finally marked its long-awaited entry into the aviation market. The momentous occasion, fulfilling the dream of late founder Soichiro Honda, came 30 years after the ...