Business Topics

Sharp logs half-year net profit, first in four years

Oct 31, 2014

Sharp logs half-year net profit, first in four years

Sharp Corp. on Friday reported a group net profit of ¥4.74 billion in the April-September half, returning to the black on a half-year basis for the first time in four years as gains on securities sales helped offset the costs of restructuring its unprofitable ...

Oct 31, 2014

Disney outlines ¥500 billion expansion of Tokyo theme parks

Oriental Land Co., owner of the Tokyo Disney Resort, announced plans for a ¥500 billion expansion of the Japanese resort. The 10-year project beginning in March will boost capacity at both of the resort’s theme parks, Tokyo Disneyland and Disney Sea, Walt Disney Co. ...

Oct 30, 2014

Skymark says it may collapse if forced to pay A380 contract fine

Skymark Airlines Inc., the nation’s third-largest carrier, repeated it is at risk of going out of business should it have to pay Airbus Group NV a penalty after its planned purchase of six A380 superjumbos fell through. The airline said there is “material uncertainty” ...

Oct 30, 2014

Renesas to shed 1,800 jobs in new round of early retirements

Struggling chipmaker Renesas Electronics Corp. has said it will shed around 1,800 employees through early retirement at the end of next January as it executes its consolidation plan. The company will amalgamate its 11 semiconductor design and development centers in six prefectures into four ...

Nomura sees four years of overseas losses nearing an end

Oct 29, 2014

Nomura sees four years of overseas losses nearing an end

Nomura Holdings Inc. says its four years of losing money abroad may soon be over as it rebuilds businesses outside of Japan after cutting costs. Japan’s biggest brokerage is on track to achieve its goal of becoming profitable in Asia, Europe and the United ...

Oct 29, 2014

U.S. court slashes Takeda damages over Actos drug

A U.S. district court in Louisiana has substantially reduced the amount of punitive damages it ordered Takeda Pharmaceutical Co. to pay for concealing the cancer risks of its diabetes drug Actos, a company spokesman said. The court cut the penalty imposed on the major ...

Oct 29, 2014

Benesse to restart operations in November after leak scandal

Benesse Holdings Inc. will resume operations in November as it tries to recover from a massive leak of customer information, the head of the correspondence education service provider said. The company will try hard to win back customer trust, Benesse Chairman and Chief Executive ...

Oct 28, 2014

SoftBank unveils smartphone for seniors

by Shusuke Murai

SoftBank Corp. announced Tuesday that the company will release its new smartphone in late November and that its easy-to-use design will be particularly convenient for the elderly. The Simple Smaho 2, developed in cooperation with Sharp Corp., is the company’s second smartphone designed for ...

Oct 28, 2014

SoftBank invests $627 million in Indian online retailer Snapdeal

SoftBank Corp. will invest $627 million in Indian e-retailer Snapdeal.com to tap the growing online market there. The telecommunications company run by billionaire Masayoshi Son said Tuesday it will also lead an investment of $210 million in ANI Technologies Pvt., which runs the popular ...