Business / Corporate Dec 27, 2018

NEC to acquire Danish IT firm KMD

NEC Corp. said Thursday it has agreed to acquire Danish information technology company KMD for about ¥136 billion. The Japanese company expects the deal to reinforce its IT business in Europe. The acquisition is expected to be completed by the end of February next year, ...

Toshiba Memory mulls changing company name next year

Business / Corporate Jun 4, 2018

Toshiba Memory mulls changing company name next year

Toshiba Memory Corp., the world's second-largest maker of NAND flash memory chips, is considering changing its name in 2019 as it seeks to introduce a new brand and raise its profile in the intensely competitive market. "As we have become independent of Toshiba Corp. we ...

Business May 26, 2017

Japan's 2016 net external assets rose to second-largest on record

Japan's net external assets rose to their second-highest amount on record at the end of fiscal 2016, driven by rising mergers and acquisitions overseas by firms and portfolio investment, the Finance Ministry said Friday. The net value of assets held by the government, businesses and ...