Business Topics

Jul 30, 2014

Toyota remains world's biggest carmaker

Toyota remains No. 1 in global vehicles sales after the first six months of the year, followed by Volkswagen which bumped General Motors out of second place as the U.S. automaker grapples with a recall scandal. Toyota Motor Corp. announced Wednesday that its January-June ...

Shiseido unveils cosmetics line developed for global market

Jul 30, 2014

Shiseido unveils cosmetics line developed for global market

Shiseido Co. on Wednesday launched preliminary sales of a skin product strategically developed for the international market as part of a campaign by the major cosmetics company’s new president to lift its global profile. The Shiseido brand, together with the domestically strong Elixir and ...

Jul 29, 2014

McDonald's Japan pulls profit forecast after China meat scandal

McDonald’s Co. (Japan) pulled its profit forecast for the year Tuesday while acknowledging that the “appalling” tainted meat scandal at a Chinese supplier will dent its finances. The head of the fast-food chain’s Japanese unit issued a televised apology after halting sales of products ...

Jul 29, 2014

HondaJet eyes expanding market to Latin America, Asia

Honda Aircraft Co. aims to expand its market for the HondaJet to Latin America within a few years, before moving into China and Southeast Asia, the company’s chief, Michimasa Fujino, said Monday. Fujino, president and CEO of the aviation arm of Honda Motor Co., ...

Jul 28, 2014

Sony to sell Minato Ward HQ land to Sony Life

Sony Corp. said Monday it has agreed to sell the land of its headquarters in Tokyo’s Minato Ward to Sony Life Insurance Co. for ¥52.8 billion. Sony aims to complete the deal with the subsidiary by the end of September, it said. The property ...

Jul 28, 2014

Dentsu to buy 51% stake in Indian out-of-home advertising agency

Dentsu Inc. said Monday that it will acquire India’s largest out-of-home advertising agency, Milestone Brandcom Pvt. Ltd. Dentsu will acquire a 51 percent stake in the Mumbai-based company through an overseas subsidiary, with an option to expand its holding in steps to 100 percent ...

Jul 28, 2014

Japan Asia Group to build 20 megawatt solar station in Miyagi

Japan Asia Group Ltd. will build a 20-megawatt solar-power station at a former high school in Miyagi Prefecture. The group’s two units, Kokusai Kogyo Co. and JAG Energy Co., have been selected for the project by the prefecture, the companies said in a statement ...

Nissan profit beats estimates on gains in China, U.S.

Jul 28, 2014

Nissan profit beats estimates on gains in China, U.S.

Nissan Motor Co. on Monday reported profit that beat analysts’ estimates as deliveries rose in China and the United States, its two biggest markets. Net income rose 37 percent to ¥112.1 billion in the April-June quarter, beating the ¥84.3 billion average of 14 analyst ...

Tokyo-Mitsubishi UFJ to team up with Mexican government bank

Jul 28, 2014

Tokyo-Mitsubishi UFJ to team up with Mexican government bank

Bank of Tokyo-Mitsubishi UFJ said Monday it has concluded a long-term deal to procure the Mexican peso with a government-affiliated lender in Mexico. Through the agreement with Banco Nacional de Comercio Exterior S.N.C., or Bancomext, the local unit of BTMU will lend pesos to ...