Companies

Renewable energy

Orix aims to triple growth in solar farm power capacity

TOKYO -- Orix will spend a little more than 100 billion yen ($874 million) over two years to build solar farms in Japan to take advantage of higher demand expected for renewable energy. Following Japan's introduction of a feed-in tariff system in...

  • Motherson Sumi Systems

    3Q profit jumps 21% driven by Dutch unit

    NEW DELHI (NewsRise) -- Motherson Sumi Systems, India's largest auto parts maker, posted a 21% jump in third-quarter net income, boosted by higher sales at its overseas units after the company boosted production capacity. Consolidated net income ...

  • Hindalco Industries

    Aluminum producer's profit plummets nearly 89%

    MUMBAI -- Aluminum and copper producer Hindalco Industries logged an 88.7% decline in net profit for the October-December quarter, due to weak sales. Profit came to 404.6 million rupees ($5.95 million); analysts had expected the Indian company to pos...

  • Jollibee Foods

    One-off charges take toll on fast-food company

    MANILA -- The profits of Jollibee Foods fell by 10.4% last year, as expenses from a software upgrade and investment in a U.S. burger joint took a toll on its earnings.The company's net income slid to 4.8 billion pesos ($100.6 million) in 2015 from 5....

  • Luang Prabang flights

    After 8-year wait, Thai AirAsia gets coveted route

    BANGKOK -- It took a lot of patience, but Thai AirAsia is ready to launch its first flight to Laos. Thailand's largest low-cost carrier on March 24 will begin daily round-trip flights between Luang Prabang and Bangkok's Don Mueang Airport. Fa...

  • Aboitiz Power

    Major producer to spend $1.09bn in 2016, eyeing 4,000 MW by 2020

    MANILA -- Aboitiz Power plans to spend 52 billion pesos ($1.09 billion) this year, as it ramps up construction of more power plants, targeting 4,000 megawatts of generation capacity by 2020. This year's budget is roughly the same as last year and...

  • Privatization in Japan

    Postal service operates on playing field tilted in its favor

    TOKYO -- The tiff between Yamato Transport, a Japanese parcel delivery company, and Japan Post, the postal unit of Japan Post Holdings, is intensifying. Yamato and Japan Post began bickering on Nov. 12 last year, eight days after the postal servi...

  • Japan appliance makers

    Rinnai thrives on ability to adapt overseas

    NAGOYA -- Japanese gas appliance maker Rinnai has built an Asian empire on a foundation of localized expertise and strong brand recognition, drawing 45% of its sales from overseas to power growth as its domestic market contracts.Rare successIn South ...

  • Sharp's rescue

    Public-private fund still holds out hope for deal

    TOKYO -- The Innovation Network Corp. of Japan is ready to strike a deal with Sharp if the electronics maker's negotiations with Taiwan's Hon Hai Precision Industry fall through, the head of the public-private investment fund told The Nikkei on Monda...

  • Pharmaceuticals

    Mitsubishi Chemical unit buys Brazilian capsule maker

    TOKYO -- A Mitsubishi Chemical Holdings subsidiary has fully acquired Brazilian capsule maker Genix, aiming to establish itself in the growing Latin American pharmaceutical market. Japan's Qualicaps said Monday that it had acquired all outstandin...

  • Sharp's downfall

    As company bled, myopia widened the wound

    TOKYO -- With Sharp apparently set to rehabilitate under Taiwan's Hon Hai Precision Industry, important lessons lie in how the once-mighty Japanese electronics manufacturer ended up in such a sorry state. "Hon Hai's proposal had many holes at fir...

  • TSI Holdings

    Apparel giant cuts in-house China output to farm out production

    TOKYO -- Apparel giant TSI Holdings has scaled down production at its own factories in China as it seeks to outsource more work to partner facilities in inland China and Southeast Asia, where labor is cheaper. The Japanese company sold its jacket...

  • Japanese auto sector

    Toyota stoppage forces dealers, suppliers to cope

    NAGOYA -- Dealerships and parts suppliers are making do amid a six-day shutdown of Toyota Motor's domestic assembly lines. A January explosion at Aichi Steel interrupted Toyota's supply of metal for engines and other components, prompting the aut...

  • Pharmaceuticals

    Eisai to supply generic drug makers with bulk ingredients

    TOKYO -- In an unprecedented step among leading Japanese pharmaceutical companies, Eisai has decided to sell active pharmaceutical ingredients to domestic generic drug makers. In preparation, Eisai will invest several billion yen (tens of million...

  • Currency exchange

    Japan companies adjust expectations as yen stiffens

    TOKYO -- Many blue-chip Japanese companies have revised their hypothetical exchange rates to reflect a stronger yen, which could diminish the earnings boost that was previously anticipated. Automotive and other companies were among those that mad...

  • Japanese corporate earnings

    2 seafood giants post higher April-December profits

    TOKYO -- Two of Japan's largest seafood companies grew their group net profits for the nine months ended December on hikes to frozen-food prices, while a third suffered a setback in Thailand. Maruha Nichiro's net profit climbed 3% on the year to ...

  • Michael Schrage

    Google shall return

    Google's planned re-entry to China raises as many dilemmas for the company as it does for Bejing, writes Michael Schrage.

  • Top Glove

    Rubber glove maker plans to cut foreign labor by 5% this year to control cost

    KUALA LUMPUR (NewsRise) -- Top Glove, the world's largest maker of natural rubber gloves, said it plans to cut its foreign labour by 5% this year amid rising costs and increasing automation. The reduction in Top Glove's foreign workforce, who cur...

  • Toyota halts output at all Japanese factories due to steel shortage

    NAGOYA (Kyodo) -- Toyota Motor Corp. suspended on Monday all production at its factories in Japan due to a steel shortage following an explosion in January at a steel plant in central Japan. All vehicle assembly lines at 16 Japanese factories wil...

  • Equities

    Japan Post loses favor after IPO frenzy

    TOKYO -- The stocks of three Japan Post group companies all hit new lows on Tuesday, just three months after they listed on the Tokyo market with much fanfare. The poor performance of the formerly state-owned Japan Post Holdings, Japan Post Bank ...