Business Topics

Shiseido to buy Gurwitch, adding U.S. beauty brands Mercier, ReVive

Jun 3, 2016

Shiseido to buy Gurwitch, adding U.S. beauty brands Mercier, ReVive

Shiseido Co. has agreed to buy U.S.-based Gurwitch Products LLC from closely held Alticor Inc., adding the Laura Mercier and ReVive brands as the more than 140-year-old cosmetics giant seeks growth overseas in the luxury and anti-aging products market. The Japanese company’s American unit ...

Jun 2, 2016

Honda to set up AI research base in Tokyo

Honda Motor Co. said Thursday that subsidiary Honda R&D Co. plans to establish a research and development base specializing in artificial intelligence in the Akasaka district of Tokyo in September. The major automaker will consolidate almost all of its AI-related R&D activities in the ...

SoftBank to raise $8.9 billion from Alibaba sale

Jun 2, 2016

SoftBank to raise $8.9 billion from Alibaba sale

SoftBank Group Corp. said Thursday its sale of Alibaba Group Holding Ltd. stock will raise $8.9 billion, an infusion of cash that can be used to strengthen the company’s balance sheet and allow it to act fast when making strategic investments. Alibaba is paying ...

Jun 2, 2016

JAL ditches plan for Haneda-New York flights this fall

ork Japan Airlines Co. has abandoned plans to begin flights between Haneda airport and New York this fall, sources said Wednesday. The move came as the transport ministry plans to apply rules limiting the opening of new routes by JAL, which was rehabilitated from ...

Mobile message app Line eyes listing on TSE in July

Jun 1, 2016

Mobile message app Line eyes listing on TSE in July

Mobile messaging service provider Line Corp. will likely make its debut on the Tokyo Stock Exchange in July, with the bourse set to soon approve the listing, sources said Wednesday. Line is expected to have a market capitalization of around ¥600 billion when it ...

Jun 1, 2016

Toyota idles four plants due to blast at brake parts supplier

Toyota Motor Corp. suspended Tuesday operations at four domestic plants, including those of subsidiaries, citing possible parts shortages following an explosion the previous day at a brake parts supplier, company officials said. The automaker plans to expand its output suspension early Wednesday, halting production ...

May 31, 2016

Suzuki says retested vehicles perform better than declared

Suzuki Motor Corp. said Tuesday fuel economy tests that failed to meet regulations affected a total of 2.14 million units across 26 models. But it added, the models were retested and found to have better performance than their catalog figures. Speaking at a news ...

May 31, 2016

Takata rules out bankruptcy, seeks angel investor: source

Takata Corp. has ruled out using bankruptcy as a way of mitigating liabilities from its record air bag recalls and is instead seeking buyers that could take a controlling stake and carry the company through its current crisis, according to a source with knowledge ...

Panasonic pulls plug on LCD TV panels in Japan

May 31, 2016

Panasonic pulls plug on LCD TV panels in Japan

Panasonic Corp. has decided to withdraw from TV panel production amid fierce competition from foreign rivals, in particular in China and South Korea, company sources said Tuesday. The Osaka-based company will end production at its sole liquid crystal display plant in the city of ...