Companies

Tokyo R&D ready to offer EV trains

TOKYO -- Japanese electric vehicle maker Tokyo R&D plans to start producing trains that use EV technology after having developed one for sightseeing for the city of Kyoto. The company remodeled an existing train into a model powered by batteries ...

  • Late El Nino seen lifting Maruetsu's March-August profit

    TOKYO -- Maruetsu's group net profit for the six months ending Aug. 31 is expected to climb roughly 30% on the year to around 1 billion yen ($9.72 million), trouncing guidance pointing to a 73% plunge to 210 million yen. Operating revenue, the eq...

  • Sumitomo partners with Indian gas company in LNG

    TOKYO -- Sumitomo Corp. has teamed up with Indian state-owned natural gas distributor GAIL in the supply of liquefied natural gas. The companies are both involved in an LNG export project in the U.S. state of Maryland. Under the agreement announc...

  • US meat supplier seeks to move past quality scandal in China

    SHANGHAI -- The chief executive of OSI Group, the American parent of a Chinese food supplier found selling expired meat, vowed Monday to ensure that the same problem never happens again. "We take responsibility for the actions of those individual...

  • Gree to step up investment in non-game businesses

    TOKYO -- Gree plans to spend 10 billion yen ($97 million) during the current fiscal year ending June 2015 to branch out into fields outsides its mainline game business. As a first of such investments, the Japanese company has bought a stake in Ho...

  • Swapped car badges flag challenges ahead for China-brand cars

    GUANGZHOU, China -- Earlier this month, this reporter spotted a small, silver sedan travelling the opposite way in China's southeastern Guangdong Province. The car had a Nissan Motor badge on its front. But a closer look revealed the model to be ...

  • Nomura Real Estate betting big on redevelopment projects

    TOKYO -- Nomura Real Estate Holdings, known for its Proud brand of condominium complexes, had adopted a strategy to hasten its projects along to the sales stage. But with the real estate market's apparent recovery, Nomura Real Estate is now ready to ...

  • Xiaomi looking to wow world with latest handset

    BEIJING -- Fast-rising Chinese smartphone maker Xiaomi is looking to ramp up its global name recognition with its latest smartphone, which offers a seductive mix of high performance and low cost. But to clear the path for international expansion, the...

  • JAL, ANA vie for Latin American partner

    TOKYO -- Japan Airlines and All Nippon Airways are battling each other for code-sharing partners in Latin America's growing aviation market. In fact, they are both after one partner in particular, TAM Airlines, Brazil's largest airline. At the en...

  • Aeon to build cross-border labor pool

    TOKYO -- Aeon, one of Japan's biggest retail groups, will compile a database of 420,000 foreign and domestic employees in an effort to put the right people in the right jobs, regardless of national or organizational lines. It will tackle a challe...

  • Japan's ANA studying direct flights to Mexico

    MEXICO CITY -- All Nippon Airways is considering offering direct service from Japan to Mexico, an increasingly popular destination for Japanese investment. "Coming here this time, I've gained a renewed sense of how rapidly Japanese companies are ...

  • Samsung joins forces with local university to foster the future of IT

    SEOUL -- For South Korea, keeping its mobile industry internationally competitive while further developing its software industry is critical for its economic growth. To achieve these ends and revitalize a regional city, South Korea's Kyungpook Na...

  • Nippon Express to roll out new tracking system in Asia

    TOKYO -- Japanese logistics company Nippon Express will roll out a new vehicle tracking system in Asia to improve the quality of its transportation services. The company is trying to boost its overseas sales and improve its position in Asia's tra...

  • Hitachi Chemical to cut 1,000 domestic jobs this year

    TOKYO -- Hitachi Chemical aims to let go of 1,000 employees through voluntary retirements in a move to streamline at home as it prepares to step up investment abroad. The call will go out at the core unit and domestic subsidiaries for about a mon...

  • JR Freight eyes trucking customers with massive shipment center

    TOKYO -- Japan Freight Railway will invest 30 billion yen ($291 million) to create one of the largest distribution centers in the country, aiming to draw clients away from its truck-using competitors. The company, better known as JR Freight, will...

  • Microwaves stanch wounds with pinpoint accuracy

    OSAKA -- Precision pump company Nikkiso has developed a device that uses microwaves to stop bleeding with minimal effect on surrounding tissue. The new device promises to cost one-third as much as conventional ultrasound-based hemostatic devices....

  • Yoshinoya to beef up expansion with share sale

    TOKYO -- The operator of the Yoshinoya beef bowl chain announced Friday that it will raise up to 17.3 billion yen ($168 million) in a public offering and use the proceeds to finance new restaurants. Yoshinoya Holdings, which also operates the Han...

  • Baidu's revenue, profit increase on mobile strength

    HONG KONG (Dow Jones) -- Baidu Inc. gave an upbeat revenue outlook after reporting a 34% rise in second-quarter profit as the Chinese Internet giant's bet on mobile services started to pay off. The company said Friday it will continue to invest hea...

  • Mitsubishi Heavy taking its urban rail systems to the world

    TOKYO -- Mitsubishi Heavy Industries has global plans for its urban transportation systems. The Japanese company is revamping the design of its systems to slash installation and maintenance costs by half, and plans to open bases for sales and ser...

  • Myanmar industrial park being finished 2 years early

    YANGON -- The developer of Myanmar's Thilawa industrial park will complete the project two years sooner than initially planned in response to strong calls for its early operation. The project is being handled by Myanmar Japan Thilawa Development,...