Companies

Aging population China

Japanese company taps into Chinese elder care with adult diapers

TOKYO -- Japan's Longlife Holding is expanding its elder care goods business to China, with plans to start selling disposable adult diapers first and later beds and other products. It will be the company's first attempt at selling its products ov...

  • Sony Bank's 8-year streak

    Online player tops customer satisfaction poll again

    TOKYO -- Sony's online banking unit continues to lead the sector, at least when it comes to making customers in Japan happy, an annual Nikkei ranking shows. Sony Bank was ranked No. 1 in customer satisfaction for the eighth straight year. Sony is...

  • Airport management

    Japanese hub operators chase Nepal, Indonesia contracts

    TOKYO -- The operator of Japanese gateway Narita International Airport plans to acquire the management rights for an airport in Nepal, in collaboration with trading house Mitsubishi Corp. The company that runs Tokyo's Haneda Airport, meanwhile, is sh...

  • Sharp's struggles

    Electronics maker mulling surrender in North American TV market

    OSAKA -- Sharp is considering selling a factory in Mexico and ditching its television business in North America, where the Japanese company is suffering deteriorating profitability. The consumer electronics maker sold roughly 900,000 TVs in North...

  • Central Group invests in Europe

    Thai conglomerate pursues 'old school' expansion in Europe

    BANGKOK -- Ubiquitous in Thailand, leading retail chain Central Group has joined the modest ranks of Thai companies venturing abroad, opening stores in China, Vietnam, Indonesia and, soon, Malaysia. Across Asia, its footprint showcases familiar featu...

  • Quality concerns

    Honda earnings hit hard by recalls

    TOKYO -- The weak yen and brisk demand in North America have not been enough to buoy Honda this fiscal year, as quality-related issues eroded sales and drove up costs. The company cut its earnings guidance Friday, now calling for a 4% decrease in...

  • Good news for wages

    Toyota won't seek discounts from suppliers

    NAGOYA -- Toyota Motor plans not to ask parts suppliers to lower prices again this year, allowing them to keep more of their earnings for the second time in a row. By letting its record-breaking profit trickle down, the automaker may encourage te...

  • Major restructuring

    Panasonic to quit making TVs in China, Mexico

    OSAKA -- Panasonic will withdraw from TV production in China and Mexico to come full circle on restructuring of an ailing segment that has continued to weigh on profits. The Japanese electronics manufacturer had announced that it would finish its...

  • Japanese airlines

    ANA open to sharing flights with Skymark

    TOKYO -- All Nippon Airways parent ANA Holdings is interested in a code-share deal with Skymark Airlines, which filed for bankruptcy protection this week, a senior executive said Friday. Japan Airlines also indicated it would consider a code-shar...

  • SpiceJet reprieve

    Co-founder Ajay Singh returns with revival plan

    NEW DELHI -- SpiceJet, the cash-strapped Indian budget airline, appears to have been pulled from the brink of collapse after co-founder Ajay Singh, who sold out in 2010, returned with the the majority of shares in hand and a revival plan. SpiceJe...

  • Auto industry

    Mitsubishi builds presence in Philippines with new plant

    MANILA -- Mitsubishi Motors has hit a new milestone in the Philippines, starting production at a plant that formerly belonged to Ford Motor. "I am glad that we have kept on making cars here even when the market was not growing," said Osamu Masuko...

  • Imabari laying out $335M

    Japan's leading shipbuilder to invest in new dock

    TOKYO -- Japan's largest shipbuilder, Imabari Shipbuilding, has decided to spend 40 billion yen ($335 million) constructing a large dry dock. The decision, which came Jan. 29, marks a turnaround of sorts. Japan's shipbuilding industry suffere...

  • E-commerce giant

    Clash with Chinese authorities casts shadow on Alibaba

    SHANGHAI -- Chinese authorities are stepping up criticism of Alibaba for failing to crack down on sales of poor-quality and counterfeit products on its websites, a development that is raising doubts about the company's operations. The Chinese e-c...

  • Skymark bankruptcy

    Carrier to ground costly planes; private-equity firm offers aid

    TOKYO -- Skymark Airlines will stop flying the midsize jetliners it brought on last year to counter low-fare competition, only to see its earnings slump deepen as a result. New President Masakazu Arimori on Thursday revealed part of the carrier's...

  • Skymark's rise and fall

    Airline pays high price for independence

    TOKYO -- Skymark Airlines regarded freedom from bigger Japanese rivals as its reason for being and brought itself to the edge of ruin trying to defend it. The competition that Japan's third-largest airline ignited in what had been a tightly regul...

  • Back to basics

    Nidec research lab to build better manufacturing tech

    OSAKA -- Nidec will open a new research facility in 2016 to develop manufacturing technologies that will help its factories churn out goods at lower cost. The Japanese maker of electric motors has most of its factories abroad. While it now enjoys...

  • Aiming higher

    Suzuki strengthening grip on Indian market

    NEW DELHI -- Suzuki Motor continues to build on its success in India, kicking off construction of its third plant in the country right after upgrading a key manufacturing base. Local unit Maruti Suzuki India has refitted three production lines at...

  • Blunting slowdown's edge

    Samsung to boost dividend for 2014

    SEOUL -- South Korea's Samsung Electronics announced Thursday that it will increase annual payouts to shareholders by 39% in 2014, a move aimed at appeasing both investors and the government amid a slowdown in its smartphone business. The tech gi...

  • Advanced Info Service capex

    Delayed 4G auction prompts non-core push

    BANGKOK -- With the delayed auction of 4G spectrum hindering development of its core business, Advanced Info Service (AIS), Thailand's largest mobile carrier, has opted to expand non-core operations, including fixed broadband and digital content serv...

  • Malaysia Airlines disappearance

    Vanished aircraft an 'accident'

    KUALA LUMPUR -- Malaysian authorities have officially classified the disappearance of Malaysia Airlines Flight MH 370 an accident, opening the way for the embattled national flag-carrier to proceed with compensation procedures. The search for the...