Business Topics

Jul 29, 2016

Sharp narrows operating loss to ¥2.52 billion in first quarter

Sharp Corp., restructuring under Taiwan’s Hon Hai Precision Industry Co., reported on Friday a group operating loss of ¥2.52 billion ($24.3 million) for the April-June quarter after another poor performance from its core liquid crystal display business. That’s much smaller than the ¥28.76 billion ...

Jul 29, 2016

Mizuho profit slides 16% on negative interest rate

Mizuho Financial Group, the nation’s second-largest lender, said first-quarter profit dropped 16 percent, as Japan’s negative interest rate hit income from loans and investments and failed to stoke broader borrowing. Mizuho said Friday that April-June net profit fell to ¥132.6 billion ($1.28 billion) from ...

Sony to sell battery business to Murata Manufacturing

Jul 29, 2016

Sony to sell battery business to Murata Manufacturing

Sony Corp. has agreed to sell a portion of its battery business to Murata Manufacturing Co. Ltd., as the electronics giant responds to slowing demand for smartphones. The announcement Thursday comes as Sony banks on growth in its games business with the upcoming launch ...

Jul 28, 2016

Komatsu quarterly profit down 52% on weak demand

Construction and mining equipment manufacturer Komatsu Ltd., which last week made a $2.89 billion offer for Joy Global Inc., said first-quarter profit fell 52 percent as demand languished in markets such as the Middle East and Indonesia and the stronger yen crimped overseas revenue. ...

Jul 28, 2016

SoftBank profit rises on proceeds from Alibaba stake sale

SoftBank Group Corp.’s first-quarter profit rose 19 percent as proceeds from selling part of its stake in Alibaba Group Holding Ltd. helped offset losses at Sprint Corp. Net income at the carrier rose to ¥254.2 billion in the three months ended June 30, the ...

Jul 27, 2016

Nissan profit declines 11% on stronger yen, Japan deliveries

Nissan Motor Co. posted a 11 percent drop in quarterly profit as a stronger yen eroded overseas earnings and domestic sales of minicars supplied by Mitsubishi Motors Corp. slumped after a mileage scandal. Net income in the quarter through June declined to ¥136.4 billion ...

Jul 27, 2016

Mitsui to invest in growing Asia hospital business

Mitsui & Co. said Wednesday that it will invest in the Columbia Asia group, which operates medical institutions in Asia. The major Japanese trading house will invest $101 million in the group’s holding company, International Columbia U.S. LLC, to acquire a 16.2 percent stake ...