Business / Corporate Jun 6, 2019

Nomura to scrap 25 branches in urban areas

Nomura Securities Co. said Wednesday that it will close 25 outlets in urban areas as part of its branch consolidation plan announced in April. Operations at the 25 branches, located in the Kanto, Chukyo and Kansai regions, will be taken over by respective nearby outlets ...

Airlines downgrade 2019 forecast amid trade spats and fuel hike

Business Jun 3, 2019

Airlines downgrade 2019 forecast amid trade spats and fuel hike

The International Air Transport Association is lowering its 2019 profit forecast for the airline industry amid rising fuel prices and weakening world trade. The Montreal-based IATA said airlines are expected to earn $28 billion this year, down from the $35.5 billion it had predicted in ...

Japan Display to cut 1,000 workers in further restructuring

Business / Corporate May 15, 2019

Japan Display to cut 1,000 workers in further restructuring

Japan Display Inc. is considering reducing its workforce by around 1,000, mainly in Japan, as the Apple Inc. supplier accelerates restructuring to cut costs, sources close to the matter said Wednesday. The display-maker has agreed to a bailout by Chinese and Taiwanese firms. Japan Display is ...

Lixil announces board candidates, rejects ex-CEO's proposal

Business / Corporate May 14, 2019

Lixil announces board candidates, rejects ex-CEO's proposal

Major housing equipment maker Lixil Group Corp. has announced eight candidates for its board of directors to be submitted to a general meeting of its shareholders in June. Former Lixil President and Chief Executive Officer Kinya Seto, a current board director and Lixil shareholder, who ...