Business Topics

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 ...

Jul 27, 2016

Line posts a profit in its first report card since global IPO

Line Corp. posted a profit in its first earnings report since ushering in the year’s biggest technology debut, as monthly active users rose to 220 million. Japan’s largest mobile messaging service announced ¥2.56 billion ($24.3 million) of net income in the six months through ...

Jul 26, 2016

TDK, NHK Spring searched over alleged price cartel

The Fair Trade Commission searched the offices of TDK Corp. and NHK Spring Co. on Tuesday on suspicion they formed a price cartel for electronics parts for hard disk drives, sources said. The two manufacturers of electronics components have allegedly set retail prices for ...