Companies

Indonesia, Thailand, Honda and reality

BANGKOK -- A recent move by Honda Motor may have surprised a few industry observers. The Japanese automaker began producing the Mobilio in Thailand, even though it expects sales to reach no higher than 10,000 units a year in the country. Mobi...

  • Ikea bets big on mega malls to succeed in China

    BEIJING -- Workers on the outskirts of Beijing are rushing to complete a sprawling 172,000-sq.-meter shopping center being built by Ikea, the world's biggest furniture retailer. The goal is to have it ready for business before Christmas. The mall...

  • In bungling iPhone strategy, Docomo follows parent's footsteps

    TOKYO -- Humble pie was on the menu Friday for NTT Docomo President Kaoru Kato when the company slashed its earnings forecast for the year ending March 2015. Japan's largest wireless carrier expected a rush of new subscribers after it finally beg...

  • Takeda holds out hope for new cash cows

    TOKYO -- Takeda Pharmaceutical's new treatment for inflammatory bowel disease will prove a big earner, President Christophe Weber predicts. And if he is right, the Japanese drugmaker will finally have a new blockbuster to succeed old ones whose paten...

  • ANZ expanding branch network in Southeast Asia

    SYDNEY -- Australia and New Zealand Banking Group is accelerating its push into Southeast Asia as part of a "super-regional strategy" that has the financial institution focused squarely on Asia. "With the phase of high investment in Asia largely ...

  • Haier plans to double Southeast Asian sales in 5 years

    BANGKOK -- Chinese appliance giant Haier Group plans to roughly double Southeast Asian sales within five years from the 2013 tally to over 100 billion yen ($906 million), the chief executive of its Asian unit said Friday in Bangkok. The group wil...

  • Taiwan's HTC Googling for a better fourth quarter

    TAIPEI -- HTC, the beleaguered Taiwanese smartphone manufacturer, said on Friday that it expects revenue to grow slightly during the October-December period after disappointing third quarter results. After taking on the manufacture of Google's Ne...

  • Japan's Chubu Electric to import LNG with Singapore

    NAGOYA -- Japanese utility Chubu Electric Power has signed a memorandum of understanding with Singapore-based Pavilion Gas over joint procurement of liquefied natural gas, sources said Friday. Chubu Electric intends to diversify LNG procurement b...

  • Tokyo Disney Resort planning even more magic for theme parks

    TOKYO -- Oriental Land will double the size of a popular section at Tokyo Disneyland and add a new section at Tokyo DisneySea as part of major investments through fiscal 2023, aiming to lure more guests. The Tokyo Disney Resort operator decided t...

  • 2 more Japanese reactors take step toward restarting

    TOKYO/OSAKA -- A pair of nuclear reactors in Fukui Prefecture are expected to pass safety reviews as early as winter, becoming the second facilities to clear Japan's tightened safety standards. Kansai Electric Power will submit the necessary offi...

  • Samsung's chip business helping limit pain of smartphone swoon

    SEOUL -- Samsung Electronics continues to struggle with a slowdown in its smartphone segment, but strength in its chipmaking business is cushioning the impact somewhat. The South Korean company announced Thursday that July-September operating pro...

  • Baidu having trouble getting in the groove outside China

    BEIJING -- Chinese Internet search giant Baidu has been generating more profits from smartphones as it scrambles to rely less on personal computers, but the company continues to struggle overseas. Baidu's net profit for the July-September quarter...

  • Hino rumbling toward V-shaped recovery in fiscal 2015

    TOKYO -- Fiscal 2014 is shaping up to be a bad year for Hino Motors, but the Japanese commercial vehicle maker hopes its new global strategic models will steer it toward a record profit next year. More than anything else, the new models are desig...

  • Nachi-Fujikoshi ordered to pay damages to Korean forced laborers

    SEOUL -- Japanese machinery maker Nachi-Fujikoshi must pay South Korean women who were forced to work at its factory in Japan during World War II, a local court here ruled Thursday. The Seoul Central District Court ordered the company to pay 80 m...

  • Once-bankrupt Japanese movie studio revives with Asian market's help

    TOKYO -- Japanese movie studio Nikkatsu is performing a comeback drama in the Asian theater. Nikkatsu once thrived thanks to a series of blockbuster films, including "Taiyo no Kisetsu" ("Season of the Sun"), in which legendary Japanese actor Yuji...

  • Alibaba hoping for record sales on Singles Day

    HONG KONG -- Chinese e-commerce behemoth Alibaba is getting ready for its most important day of the year -- Singles Day. Nov. 11 marks Singles Day because the date is made up of four lonely "ones." Originally, it was only celebrated by single men...

  • Jaguar Land Rover helping Tata Motors

    NEW DELHI -- Tata Motors is reaping the benefits of its $2.3 billion purchase of U.K.-based Jaguar Land Rover, six years after the deal went through. The buy, which went through at the height of the global financial crisis, was considered risky. ...

  • Global army of 'personal shoppers' helps Japanese e-commerce site grow

    TOKYO -- A fast-growing Japanese Internet company called Enigmo is giving consumers a unique way to feed their brand habits. The company runs Buyma, a website that connects "personal shoppers" with members who want to buy high-end apparel and oth...

  • Nintendo sticks to old game plan, pins hopes on year-end sales

    OSAKA -- Nintendo announced its consolidated results for the April-September half on Wednesday, and anyone looking for positive signs could find nuggets of hope. But the Japanese video game maker still has not responded in any solid way to the struct...

  • Rakuten launches smartphones to lift e-commerce, other services

    TOKYO -- Japan's Rakuten said Wednesday it has entered the smartphone fray, hoping to integrate the business with its flagship virtual mall and various other services. "We will draw on the full strength of the Rakuten group to create a service th...