Business Topics

Jan 19, 2016

Cosmo Energy to be first Japanese energy firm to import U.S. oil

Cosmo Energy Holdings Co. will begin importing crude oil from the United States in mid-February, becoming the first Japanese firm to do so after the U.S. government lifted a four-decade ban on oil exports in December, industry officials said Tuesday. Washington’s move increases Japan’s ...

Jan 19, 2016

Son's SoftBank vision at risk as Sprint goes from bad to worse

The acquisition of Sprint Corp. was supposed to help Masayoshi Son realize his vision of transforming SoftBank Group Corp. into the world’s most valuable company. Instead, the 2013 deal has become his biggest setback so far, dragging down SoftBank shares and cutting into the ...

Jan 18, 2016

ANA to open Narita-Phnom Penh route in September

All Nippon Airways is ready to launch direct services linking Narita International Airport Tokyo and the capital of Cambodia on Sept. 1. ANA hopes that the direct flights to Phnom Penh will attract strong demand mainly from business users as an increasing number of ...

Jan 16, 2016

Fujifilm to bid for Toshiba's medical equipment unit

Fujifilm Holdings Corp. plans to participate in the upcoming bidding for Toshiba Corp.’s fully owned medical equipment unit, it has been learned. Fujifilm expects synergies from its acquisition of Toshiba Medical Systems Corp. because its medical equipment operations do not overlap much with those ...

Jan 15, 2016

Tokyo Gas expects $90 million writedown on U.S. shale assets

Tokyo Gas Co., Japan’s largest city-gas distributor, expects to book an impairment charge of ¥10.6 billion ($90 million) on its U.S. shale gas project and is reviewing its profit forecast following a drop in energy prices. The company, which last year took a ¥31 ...