Business Topics

Warm winter means damp profits for Fast Retailing

Jan 7, 2016

Warm winter means damp profits for Fast Retailing

Fast Retailing Co. cut its full-year operating profit forecast as unseasonably warm weather worldwide hurt sales of winter clothes for the retailer’s Uniqlo brand of casual wear, the Yamaguchi-based company said Thursday. Operating profit will probably be ¥180 billion in the year ending August ...

Jan 6, 2016

Mitsubishi UFJ plans division to pursue fintech endeavors

Mitsubishi UFJ Financial Group Inc. has set up a unit to research and develop new financial technologies, the first of its kind for a major Japanese bank, people with knowledge of the matter said. The Innovation Lab division is starting with 15 employees in ...

Jan 4, 2016

ANA may buy Airbus superjumbos for Japan-Hawaii routes

The operator of All Nippon Airways is considering purchasing three A380 superjumbo jet planes from Airbus SAS, according to informed sources. ANA Holdings Inc. would likely use the aircraft on routes connecting Japan and Honolulu, the sources said Monday. It hopes to include the ...

Dec 31, 2015

Icahn trumps Bridgestone in battle to buy Pep Boys

Wall Street activist investor Carl Icahn won a bidding war Wednesday for U.S. auto service chain Pep Boys with an all-cash $1 billion deal after Japanese tire giant Bridgestone pulled out. Icahn, who is expected to split the company and merge its retail side ...

Fujifilm eyes purchase of Toshiba medical unit: sources

Dec 30, 2015

Fujifilm eyes purchase of Toshiba medical unit: sources

Fujifilm Holdings Corp. is interested in buying a medical equipment subsidiary of Toshiba Corp., which is restructuring group businesses amid an accounting scandal, sources close to the matter said Wednesday. The Japanese electronics conglomerate has said it is considering the sale of Toshiba Medical ...