Companies

Taiwan's UMC seeks auto-biz boost via Fujitsu chip plant investment

TAIPEI -- Looking to win more orders for chips used in automobiles, leading Taiwanese semiconductor maker United Microelectronics Corp. will resume production in Japan by investing in Fujitsu's plant in Kuwana, Mie Prefecture. The Hsinchu-based U...

  • Citibank Japan to beef up corporate banking

    TOKYO -- Citibank Japan plans to expand business with Japanese companies operating globally while trying to select a buyer for its retail banking operations as early as this year. The first round of bidding for the consumer banking division is sl...

  • Panasonic to make all optical pickups in Philippines

    OSAKA -- Panasonic has shifted all production of optical pickups for devices like DVD recorders to the Philippines in a move designed to rid the segment of red ink this fiscal year. Group subsidiary Panasonic Precision Devices holds a 30-40% shar...

  • China's WH Group eyes Russia as promising place to push pork

    HONG KONG -- WH Group, the world's largest pork processor, has begun considering the prospects of exporting pork products to the Russian market. Russia has barred pork products from the European Union, citing safety concerns, but is thinking abou...

  • Mitsubishi, others eye launching regional airline

    TOKYO -- Mitsubishi Corp., Mitsubishi Heavy Industries and partners are looking to create a regional airline that operates flights on behalf of major carriers and businesses, moving to tap growing demand from Asian travelers to Japan and revive regio...

  • Toyota reports Chinese sales growth of 8.9% in August

    GUANGZHOU, China -- Toyota Motor said Monday that new-car sales volume in China climbed 8.9% last month from August 2013 to around 78,500 vehicles thanks to a strong showing from the new Corolla sedan released in June. The August figures are the ...

  • Samsung Group steps up restructuring drive

    SEOUL -- Samsung Group will merge two plant engineering arms in an accelerating effort to get money-losing operations into better shape through reorganization. Shipbuilding and marine engineering unit Samsung Heavy Industries said Monday it will ...

  • Square Enix cashes in on smartphone games, eyes growth in China

    TOKYO -- Square Enix Holdings is getting back on its feet, largely thanks to strong earnings from fee-based online and smartphone games, which the company has positioned as a main pillar of growth. The video game company climbed back into the bla...

  • For Toyota Australia, court victory raises questions of what might have been

    SYDNEY -- As Toyota Motor heads for a withdrawal from Australian production, a court ruling has offered a glimpse at how things might have turned out differently. In December, a federal court blocked the Japanese company's Australian unit from se...

  • Nidec chief discusses investment plan with India's Modi

    KYOTO -- India's Narendra Modi was told of Nidec's investment strategy for the South Asian country, as the company's CEO met with the new prime minister during his current visit to Japan. The electric motor maker plans to invest more than 100 bil...

  • JR Tokai's maglev project sees boost from healthy shinkansen business

    TOKYO -- Central Japan Railway (JR Tokai) on Aug. 26 filed with the transport ministry for approval to build a magnetic-levitation train line between Tokyo and Nagoya, by 2027. For the next six trading days, JR Tokai's stock fell due to concerns ...

  • KDDI to enter discount smartphone market

    TOKYO -- Japanese telecommunications service provider KDDI will start selling low-cost network services via a new subsidiary this year to tap the nation's growing market for discount smartphones. KDDI, the company behind the au brand, has formed ...

  • Panasonic, Tata working on water purification system for India

    OSAKA -- Panasonic will develop a compact and efficient water purification system suited for use in rural communities of India, in collaboration with local conglomerate Tata Group. A special photocatalyst devised by the Japanese electronics maker...

  • Japan's largest furniture chain to open 100 stores in China by 2022

    TOKYO -- Nitori Holdings, operator of Japan's largest chain of furniture and interior goods stores, has plotted out a multistore expansion plan in China that begins in October with one store and reaches 100 shops by 2022. The Nitori stores will f...

  • Sony CEO Hirai to head new strategy group

    TOKYO -- Sony on Friday announced that President and Chief Executive Officer Kazuo Hirai will lead a new initiative aimed at bolstering product and brand strategy groupwide. The electronics giant is launching the UX, Product Strategy, Sales & Mar...

  • Sekisui House kicks off housing phase of Sydney redevelopment project

    OSAKA -- Sekisui House has begun constructing residential buildings in what marks the start of the second stage of the huge Central Park redevelopment project in downtown Sydney. The Japanese homebuilder and a Singapore-based property developer a...

  • Sony's unlikely forays take group back to its roots

    TOKYO -- When Sony announced its entry into the real estate business in April this year, the move drew flak from both inside and outside the electronics group. These critics took issue with the management's decision to push into a realm so far remove...

  • Honda prevails against tax authority in transfer pricing dispute

    TOKYO -- Honda on Thursday won a complaint against the Tokyo Regional Taxation Bureau over 7.5 billion yen ($71.5 million) in levies assessed for failure to pay taxes at home on income in Brazil. In 2004, the Tokyo unit of the National Tax Agency...

  • JAL on board, but Mitsubishi Jet still not ready for takeoff

    TOKYO -- Prodded by the government, Japan Airlines has finally agreed to purchase 32 Mitsubishi Regional Jets, a made-in-Japan airplane born out of a massive national project. Yet its manufacturer, Mitsubishi Aircraft, continues to face development d...

  • SoftBank branching out into farm support

    TOKYO -- As part of efforts to cultivate new earnings sources to offset flat cell phone sales, SoftBank next spring will begin a business that helps farmers monitor growing conditions on their farms. The Japanese wireless carrier will install dev...