Business Topics

Jan 27, 2017

Toshiba wants creditor banks to continue support beyond February

Struggling Japanese electronics and machinery maker Toshiba Corp. will ask creditor financial institutions to continue loans to the company in March and later, Jiji Press learned Thursday. The company is expected to make the request at a meeting with the creditors on Feb. 15, ...

Nidec to invest ¥100 billion to eliminate overtime work

Jan 26, 2017

Nidec to invest ¥100 billion to eliminate overtime work

Japanese motor maker Nidec Corp. said Thursday it plans to invest ¥100 billion ($878 million) on robots and supercomputers to eliminate overtime work for its 10,000 group employees in Japan by 2020. The company, which commands a high global market share for small precision ...

Line declines after quarterly profit, sales miss estimates

Jan 26, 2017

Line declines after quarterly profit, sales miss estimates

Line Corp. posted its biggest drop yet as analysts cut ratings after fourth-quarter profit and revenue that missed estimates. The stock finished more than 10 percent lower at ¥3,755 in Tokyo on Thursday, the steepest decline since listing in July. Line’s operating profit of ...

Panasonic targets 50% sales jump for TVs in Indonesia

Jan 25, 2017

Panasonic targets 50% sales jump for TVs in Indonesia

Electronics giant Panasonic Corp. is seeking to sell up to 50 percent more TVs in Indonesia this year by offering online shopping and a greater variety of models. The company’s TV sales have been stagnant for three years. “We hope this year we can ...

Airbus entering 'dangerous phase' due to Brexit, top exec warns

Jan 25, 2017

Airbus entering 'dangerous phase' due to Brexit, top exec warns

The operations boss of Airbus declared Tuesday that the European aerospace giant was entering a “dangerous phase” because of Brexit, which could complicate its free movement of staff and products. Tom Williams, chief operating officer and president of commercial aircraft at Airbus, made the ...