Business Topics

Lotte Holdings shareholders back younger brother Akio amid family feud

Aug 17, 2015

Lotte Holdings shareholders back younger brother Akio amid family feud

Lotte Holdings Co. said Monday its shareholders support a plan to strengthen the conglomerate’s corporate governance under the current management led by Vice Chairman Akio Shigemitsu, effectively confirming his leadership amid a family feud with his older brother. During a roughly 15-minute shareholders meeting ...

SoftBank increases stake in Sprint with ¥10.86 billion investment

Aug 13, 2015

SoftBank increases stake in Sprint with ¥10.86 billion investment

SoftBank Group Corp. said Thursday it has invested another ¥10.86 billion ($87 million) in Sprint Corp., underscoring billionaire founder Masayoshi Son’s commitment to turning around the money-losing U.S. wireless carrier. The Japanese telecommunications and Internet business group bought 22.9 million Sprint shares at an ...

Aug 11, 2015

Dai-ichi becomes Japan's most profitable life insurer

Dai-ichi Life Insurance Co.’s core business profit in April-June jumped 56.8 percent from a year earlier to ¥160.5 billion. It ranked top in the nation’s life insurance industry also in terms of revenue from premiums. Core profit at Nippon Life Insurance Co., which had ...