The obscure firm making iPhones better: Japan's Lasertec masters extreme ultraviolet lithography
After two decades in development, chipmakers are making a costly bet on a technology that will cram even more transistors onto silicon. Their success may hinge on a little-known company in Yokohama. Lasertec Corp. is the world's sole maker of equipment that tests glass squares ...
Tokyo Gas gets green light for Philippine LNG terminal project
Tokyo Gas Co. and a major power producer of the Philippine conglomerate Lopez Group have obtained governmental approval for the construction of a liquefied natural gas terminal in Batangas province. Tokyo Gas plans to hold a 20 percent stake in the project, aiming to commence ...
Olympus whistleblower Michael Woodford wins pension suit brought by Japan firm's U.K. subsidiary
The former CEO of Olympus, who blew the whistle in 2011 on a massive accounting scandal at the medical equipment maker, has won a London court battle over alleged wrongdoing linked to his £64 million (¥9.4 billion) pension. The Olympus U.K. subsidiary KeyMed sued Michael ...
Toshiba Corp. investor King Street Capital Management plans to nominate a slate of independent directors to replace a majority of the manufacturer's board, ratcheting up the hedge fund's first public activist campaign. Among the nominees will be Brian Higgins, co-founder of the fund, which manages ...
Nissan and Renault weigh closure of Dutch joint venture that reportedly funded Ghosn's parties
The venture, set up in 2002, had become nonfunctional in recent years.
Japan Tobacco's Canada unit gets court protection after potentially crushing legal defeat in Quebec
Japan Tobacco Inc.'s Canadian unit was granted creditor protection by the Ontario Superior Court after a legal defeat over the risks of smoking threatens the existence of tobacco companies in the country. The court extended protection in favor of JTI-Macdonald Corp. after the company argued ...
Court blocks ex-Nissan boss Carlos Ghosn from attending board meeting
A Tokyo court on Monday denied ousted Nissan boss Carlos Ghosn's request to attend a board meeting this week, blocking what would have been a dramatic faceoff with the colleagues he has accused of fomenting a coup. Ghosn, released last week on a $9 million ...
Personal seals lose ground as big Japanese banks stop using 1800s technology
It has taken more than a century, but Japanese banks are finally parting ways with a piece of technology that hasn't felt cutting edge since the shogun reigned. Hanko, the personal stamps required for even simple transactions in the country since the 1800s, are getting ...
Nissan and Mitsubishi consider closing Dutch joint venture after Ghosn drama
The automakers believe the scrapping of Nissan-Mitsubishi BV is inevitable in light of allegations of financial misconduct involving Carlos Ghosn, sources said.
Carlos Ghosn case could spur Japan justice reform, Suntory CEO says
The arrest and lengthy detention of former auto titan Carlos Ghosn has drawn the eyes of the world to Tokyo and may finally bring reform to the nation's criminal justice system, according to Takeshi Niinami, chief executive officer of Suntory Holdings Ltd. "In the history ...
IHI finds at least 200 cases of improper airplane engine inspections at Tokyo plant
Heavy machinery maker IHI Corp. said Friday it has found 211 cases in which airplane engines were improperly inspected over the past two years, including by uncertified workers. It has also found cases where qualified workers did not follow the prescribed order in conducting maintenance ...
Toyota Tsusho Corp., the Toyota Motor Corp. group's trading arm, will hold Myanmar's first car auction later this month with local startup Rebbiz Co., with the aim of building a marketplace for used car transactions. T.T.A.S. Co., the official local dealership of Toyota Motor, has ...
