Business Topics

Nov 9, 2016

Line sticks to Asia market despite splashy IPO

It staged one of the year’s biggest IPOs but messaging app Line, while a huge draw among teens in Asia, says it has no big ambitions to take on Western giants such as Facebook on their home turf. The Japan-based company known for its ...

Suntory restarts beer output at plant in quake-hit Kumamoto

Nov 9, 2016

Suntory restarts beer output at plant in quake-hit Kumamoto

Suntory Beer Ltd. partially resumed beer production at its factory in Kumamoto Prefecture on Tuesday, nearly seven months after strong earthquakes hit the prefecture. The beer and soft drink plant in the town of Kashima was the last to see production restart among major ...

Tokio Marine to offer insurance coverage for self-driving cars

Nov 9, 2016

Tokio Marine to offer insurance coverage for self-driving cars

Tokio Marine Holdings Inc. & Nichido Fire Insurance Co. will extend insurance coverage to accidents involving autonomous cars for all policyholders from April next year. The core unit of Tokio Marine will be the first to give such insurance coverage in Japan, officials said ...

Nov 9, 2016

Japan's seven top carmakers see April-September sales sag amid high yen

Japan’s seven major automakers logged drops in group sales in April-September, reflecting the yen’s appreciation, their latest earnings data have showed. Toyota Motor Corp., Mazda Motor Corp. and Fuji Heavy Industries Ltd., which rely on exports more heavily than others, posted operating profit declines ...

Nov 8, 2016

Toyota lifts profit forecast on stable yen

Toyota Motor Corp. raised its profit forecast for this fiscal year as the yen’s rally stopped short of levels that the automaker had predicted, providing some respite from a sales slowdown that is threatening its position as the world’s top seller. Operating profit will ...

Nikon considers cutting up to 1,000 jobs

Nov 8, 2016

Nikon considers cutting up to 1,000 jobs

Nikon Corp. is considering slashing up to 1,000 domestic jobs in underperforming semiconductor equipment and digital camera businesses amid competition with overseas rivals and the shrinking market for such products, a source familiar with the matter said Tuesday. The optics and imaging products maker ...

Nov 8, 2016

SoftBank's profit improves as Sprint gets on track

SoftBank Group Corp. reported a better-than-projected second-quarter profit, with the wireless and internet businesses in Japan bringing in cash while Sprint Corp. shows signs of improvement. Net income was ¥512.1 billion in the period ended Sept. 30, the Tokyo-based company reported on Monday. That’s ...

Nov 7, 2016

Ritz-Carlton to open hotel in Nikko in 2020

A Ritz-Carlton hotel will open in the resort city of Nikko, north of Tokyo, in the summer of 2020, aiming to attract affluent foreign tourists, its operators said Monday. Ritz-Carlton Hotel Nikko will be the sixth in Japan to open under the luxurious hotel ...

Nov 7, 2016

Mitsui's Indian home shopping partner plans push to dominate market

With e-commerce and TV shopping gaining traction in India, Naaptol Online Shopping Pvt. Ltd. is looking to expand further by leveraging partner Mitsui & Co.’s experience in home shopping, top company officials say. “Our TV shopping business currently attends around 200,000 calls a day ...

Nov 7, 2016

Glass makers push heat-blocking tech that can reduce energy bills

Major glass makers are trying to increase sales of heat-blocking glass that helps buildings save energy and reduce air conditioning costs. Asahi Glass Co. even has multilayer glass that combines solar cell-embedded glass and glass with a heat-shielding metal coating. The solar cells are ...