Business Topics

Sep 28, 2016

Toshiba more than doubles profit outlook as yen drives sales

Toshiba Corp. raised its forecast for first-half operating profit to ¥70 billion from ¥30 billion, crediting growth in storage and electronic devices for a more than doubling of its earnings outlook. A weaker-than-expected yen and sales of hard drives and smartphone memory are the ...

Sep 27, 2016

MetLife to offer staff buyouts amid investment squeeze

MetLife Inc. said its Japanese business will offer early retirement packages to some staff as the insurer consolidates operations in Tokyo to help counter pressure from low bond yields. Nonsales employees who are 45 or older and have been with the insurer for at ...

Sep 25, 2016

Yahoo Japan eyes four-day workweek for all its employees

Yahoo Japan Corp. is considering introducing a four-day workweek for all its 5,800 employees, sources have revealed. The subsidiary of SoftBank Group Corp. plans to implement the system in stages over several years, but wages under the new system have not been determined, the ...

Hanjin Shipping to get more funds to resolve cargo crisis

Sep 22, 2016

Hanjin Shipping to get more funds to resolve cargo crisis

Hanjin Shipping is to receive as much as $100 million in additional funds to resolve the cargo crisis caused by its slide toward bankruptcy. Hanjin’s lead creditor, Korea Development Bank, said Thursday it will offer a credit line of 50 billion won ($45 million) ...

Sep 21, 2016

ANA to use new coolant to ship fresh produce

All Nippon Airways Co. will begin shipping fresh meat and vegetables on long-haul flights using a coolant that keeps food products fresh for several days, according to company officials. The new service will allow clients in Japan to ship produce to Europe and the ...

Takata lines up bids despite uncosted liabilities

Sep 20, 2016

Takata lines up bids despite uncosted liabilities

Embattled air bag supplier Takata Corp. is moving forward with an auction of the company as private-equity firms and car parts-makers line up offers. Suitors include Carlyle Group LP, which is working with Chinese-owned air bag manufacturer Key Safety Systems Inc.; Daicel Corp., a ...

Sep 20, 2016

SoftBank considers Indian solar panel assembly joint venture

SoftBank Group Corp. is mulling a manufacturing joint venture in India that could produce the solar panels needed to meet Prime Minister Narendra Modi’s energy targets. “SoftBank’s strategy for India includes solar panel manufacturing,” Manoj Kohli, executive chairman of SB Energy said in an ...