Business Topics

Mar 31, 2016

Panasonic drops ¥10 trillion sales target in fiscal 2018

Panasonic Corp. on Thursday dropped its goal of achieving ¥10 trillion in sales in fiscal 2018 as the electronics-maker struggles to build momentum for sustainable growth after restructuring. After a review of its business strategy, Panasonic is now aiming at ¥8.8 trillion in the ...

Smaller, cheaper iPhone gets eager reception in Japan

Mar 31, 2016

Smaller, cheaper iPhone gets eager reception in Japan

The nation’s three major mobile operators on Thursday began selling the iPhone SE, the newest addition to Apple Inc.’s iPhone smartphone series. It is smaller and cheaper than the most recent newcomer, the iPhone 6s. People formed long lines outside the Apple store in ...

Yoshinoya to revive pork bowls after four-year hiatus

Mar 31, 2016

Yoshinoya to revive pork bowls after four-year hiatus

Yoshinoya Holdings Co. said Wednesday that it will resume selling butadon (pork-on-rice dishes) from April 6 more than four years after the dishes were removed from its menu. Yoshinoya, which runs gyudon (beef-on-rice bowl) restaurants, is expanding its menu in a bid to halt ...

Mar 30, 2016

Hitachi, Sagawa Express agree to buy stakes in distribution businesses

Hitachi Ltd. and Sagawa Express Co. agreed Wednesday to buy stakes in each other’s distribution businesses as competition among Japanese logistics companies intensifies. Hitachi Transport System Ltd. will buy 20 percent of Sagawa Express Co. for ¥66.3 billion ($591 million) from its parent SG ...

Foxconn agrees to buy Sharp for ¥389 billion

Mar 30, 2016

Foxconn agrees to buy Sharp for ¥389 billion

Hon Hai Precision Industry Co. agreed Wednesday to buy control of financially struggling Sharp Corp. for ¥389 billion ($3.5 billion) in the first takeover of a major Japanese electronics producer by a foreign company. The agreement by Hon Hai, also known as Foxconn, followed ...

Mar 30, 2016

Honda and Takata's stealth air bag fix

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In August 2009, after ruptured air bag inflators in Honda vehicles were linked to least four injuries and a death, the automaker quietly requested a design change and did not notify U.S. regulators, Honda confirmed in response to inquiries from Reuters. Honda Motor Co. ...

Mar 29, 2016

Japan Post Insurance to tie up with Dai-ichi Life

Japan Post Insurance Co. and Dai-ichi Life Insurance Co. plan to tie up on a wide range of operations, including asset management and product development, informed sources said Tuesday. The two companies will jointly invest in growth areas such as overseas infrastructure projects to ...