Business Topics

May 1, 2015

Auto sales slow in April after tax hike on minicars

Sales of new autos slumped 7.5 percent in April from a year earlier to 319,482 units, with last month’s auto tax hike on minivehicles acting as a brake on demand, industry bodies said Friday. Sales of minicars, defined as having an engine displacement of ...

May 1, 2015

Itochu to boost dividends, expects 10% increase in profit

Itochu Corp., the third-largest trading house in the country by market value, will boost its dividend payout this year as it targets a 10 percent jump in profit. The company forecast net income will rise to ¥330 billion after meeting its profit target of ...

Apr 28, 2015

Tepco returns to profit amid lower global energy prices

Tokyo Electric Power Co. returned to profit in the fourth quarter, as lower energy prices helped offset a weaker yen and one-off gains boosted net income. Tepco, the country’s biggest power utility, posted operating profit of ¥17.3 billion ($145 million) in the three months ...

Panasonic's group net profit rose 49% in fiscal 2014

Apr 28, 2015

Panasonic's group net profit rose 49% in fiscal 2014

Panasonic Corp. said Tuesday its group net profit rose 49 percent from a year earlier to ¥179.49 billion ($1.5 billion) in the fiscal that ended in March, as its robust in-car device business abroad dispelled negative effects from last April’s consumption tax hike in ...

Apr 28, 2015

Abu Dhabi taps Inpex to join $22 billion oil project

Inpex Corp. is joining Total SA to develop the main onshore oil deposits in the United Arab Emirates as Abu Dhabi picks new partners for a $22 billion effort to pump crude from its largest fields. Japan’s state-backed energy explorer will take a 5 ...

Apr 28, 2015

Takata air bags linked to 105 injuries, 6 deaths: U.S. lawmaker

Takata Corp. has expanded the number of alleged incidents related to its defective car air bags to 105 injuries and six deaths, a U.S. lawmaker said Monday. Takata recently provided updated information to the U.S. Senate Commerce Department, said Bill Nelson, the ranking member ...

Apr 28, 2015

Tokyo Electron pulls out of merger with Applied Materials

Semiconductor-production equipment maker Tokyo Electron Ltd. is canceling its planned merger with U.S.-based Applied Materials Inc., the industry leader, because of a dispute with the U.S. Justice Department. The two companies now see no sign of resolving the dispute regarding the U.S. antitrust act, ...