Business Topics

Two banks to buy 33.4% stake in bankrupt Skymark

May 19, 2015

Two banks to buy 33.4% stake in bankrupt Skymark

The Development Bank of Japan and Sumitomo Mitsui Banking Corp. are in the final stages of negotiations to purchase a combined 33.4 percent stake in the rehabilitation of bankrupt Skymark Airlines Inc., sources familiar with the matter said Tuesday. With a combined stake of ...

May 19, 2015

Tepco looking to sell some uranium stockpiles to cut costs

Tokyo Electric Power Co. is planning to sell part of its uranium stockpiles for nuclear power generation in the current business year to cut costs amid uncertainty over the restart of idled nuclear plants, a company document obtained by Kyodo News showed Monday. Tepco ...

In city of Toyota, automaker plays key role

May 18, 2015

In city of Toyota, automaker plays key role

The city of Toyota City stands as a testament to the meteoric rise of its namesake, now the world’s biggest carmaker with record profits and sales of more than 10 million cars globally last year. But this sprawling city of 422,000 people, just east ...

May 17, 2015

NPA drafts compulsory lessons for reckless bicycle riders

The National Police Agency has drawn up details for safety lessons that reckless bicycle riders will be legally obliged to take under a system that will start in June. The agency has recently notified police forces nationwide of the curriculum for the compulsory lessons, ...

May 16, 2015

Third-party panel to probe Toshiba bookkeeping

Toshiba Corp. said Friday it has set up a third-party committee to probe accounting irregularities regarding its past infrastructure projects, amid growing fears the matter may spiral further and erode trust in the electronics giant. The company said in a statement that the committee ...

May 15, 2015

Government approves 8.36% price hike for Kepco

The government on Friday approved hiking electricity rates for Kansai Electric Power Co.’s household subscribers by an average of 8.36 percent, effective June 1. Kansai Electric will, however, limit the hikes to 4.62 percent on average for the first four months to lessen the ...

Share index may hit the off switch on Toshiba

May 15, 2015

Share index may hit the off switch on Toshiba

Add the prospect of being dumped from Japan’s best-stocks index to Toshiba Corp.’s woes. The Tokyo-based manufacturer, mired in an accounting probe, is racing against the June 30 deadline when members of the JPX-Nikkei Index 400 will be reassessed. Toshiba risks losing its place ...