Companies

Canon Tokki makes machines that are 100 meters long.

Canon's acquisitions bearing fruit

TOKYO -- Canon on Tuesday cut its group earnings forecast for the fiscal year through December 2016. It was the the second time for the Japanese camera and printer maker to trim its projections since April. Both times, it blamed the strengthening yen...

  • Mobile ads, games push up Naver's Q2 profit 44%

    HONG KONG -- Naver, South Korea's big online and mobile services company, saw its second-quarter group operating profit jump 44% from a year earlier.Mobile advertising sales as well as Naver's games and content businesses did a lot of the heavy lifti...

  • SoftBank net profit rises 19% in first earnings report since ARM deal

    TOKYO (Dow Jones) -- SoftBank Group Corp.'s net profit for the fiscal first quarter rose 19% in its first earnings report since the Japanese company took the global semiconductor industry by surprise with a $32 billion deal to acquire U.K.-based chip...

  • Streaming the new frontier for Japan's anime big-hitter

    TOKYO -- Japanese anime company Toei Animation will mark the 60th anniversary of its foundation on Sunday.Few outside Japan will be familiar with the name, but the stories and characters the company has produced down the years -- "Dragon Ball," "Sail...

  • Galaxy sales propel Samsung Q2 profit up 18%

    SEOUL -- Samsung Electronics' group operating profit grew 18% year-on-year in the second quarter to 8.14 trillion won ($7.22 billion), owing to a continued rally in Galaxy smartphone sales and the popularity of its high-end home appliances.It was the...

  • Samsung Elec says Q2 profit up 18%

    SEOUL (Reuters) -- South Korean tech giant Samsung Electronics Co Ltd said on Thursday its second-quarter operating profit rose 18 percent from a year earlier to its best in more than two years, propelled by a pickup in smartphone earnings.Samsung sa...

  • Apple looks to electric cars as mainline growth stalls

    SILICON VALLEY -- With its three key products all facing an uphill battle for growth, Apple seems to be moving to open a new front with electric vehicles.Apple reported Tuesday that revenue slid for a second straight quarter in April-June, dropping 1...

  • Thailand's Siam Cement expanding into an ASEAN company

    BANGKOK -- Thailand's Siam Cement Group is making strategic investments in other Southeast Asian markets as the building materials conglomerate peaks domestically and the ASEAN economic bloc emerges as a key source of earnings.Roongrote Rangsiyopash,...

  • Facebook trounces Wall Street estimates with sharp ad sales growth

    Facebook Inc's quarterly profit and revenue blew past Wall Street estimates on Wednesday, sending its shares to a record high, as the social media company's popular mobile app and push into video attracted new advertisers and encouraged existing ones...

  • Mitsui preparing entry into Japan's hospital industry

    TOKYO -- With hopes of breaking into the Japanese medical industry one day, major trading house Mitsui & Co. will deepen its hospital management experience in the rest of Asia.The Japanese company said Wednesday it will invest $101 million to acquire...

  • Mitsubishi Chem fights commoditization with new divestments

    TOKYO -- Mitsubishi Chemical Holdings' decision to pull out of production of an overabundant polyester feedstock in China and India continues its efforts to move up the value chain.The Japanese group said Wednesday it will divest Chinese and Indian b...

  • ARM posts strong profit margin on chip royalties

    TOKYO/LONDON -- ARM Holdings' licensing-based business model continued to pay off in the April-June quarter as the British chip designer logged solid growth and a 48% operating profit margin, results it aims to maintain under the wing of Japan's Soft...

  • Osaka Gas plans overseas LNG sales, eyes German deal

    OSAKA -- Energy provider Osaka Gas looks to begin selling liquefied natural gas abroad as soon as 2018, seeking to profit from foreign markets hungry for the fuel as competition in Japan crimps business growth.The Japanese company is working toward a...

  • China's LeEco makes $2bn push into US TV set business

    HONG KONG -- Beijing-based Leshi Internet Information & Technology, or LeEco, is boosting its presence in the U.S., paying $2 billion for the hardware and software businesses of U.S. television maker Vizio.California-based Vizio, founded in 2002, has...

  • Bharti Airtel profit beats expectations amid surge in India mobile data use

    MUMBAI (NewsRise) -- Bharti Airtel, India's largest mobile phone company, reported a quarterly net income that beat analysts' expectations, helped by rising demand for mobile data services in the world's fastest-growing telecom market.Consolidated pr...

  • Major Boeing upgrade for Malaysia Airlines

    KUALA LUMPUR -- Malaysia Airlines announced on Wednesday an order for 25 Boeing 737 MAX passenger aircraft with a catalogue price of $2.75 billion as it eyes new regional markets and a relisting barely half way through its turnaround plan.

  • Asian Paints posts better-than-expected profit as costs fall

    MUMBAI (NewsRise) -- India's largest paint maker Asian Paints reported an almost 18% increase in the first quarter profit, beating market expectations, helped by a fall in raw material costs and a jump in demand for home improvements services.Consoli...

  • Bajaj Auto reports better-than-expected profit on India motorcycle demand

    MUMBAI (NewsRise) -- India's Bajaj Auto posted a better-than-expected 14% increase of net income in the first quarter, but a decline in sales volumes amid a sustained slowdown in exports and rising input costs undermined the performance of the nation...

  • AirAsia's April-June passenger traffic rose 12% on year on strong demand

    KUALA LUMPUR (NewsRise) -- AirAsia, the largest budget carrier by fleet in Asia, said it carried 12% more passengers in the second quarter from a year earlier thanks largely to an increase in traffic in Malaysia and Thailand.The airline carried 13.91...

  • The end for SoftBank's cash cow

    TOKYO -- SoftBank Group Chairman and CEO Masayoshi Son is said to enjoy his 10 p.m. conversations with the people at U.S. mobile phone operator Sprint's head office in Kansas.The chats often focus on how to improve telecom networks. Son speaks to emp...