Companies

IDP gets a boost

Vietnam dairy maker draws investment from VinaCapital fund, Daiwa PI

HO CHI MINH CITY -- VinaCapital Vietnam Opportunity Fund, a London-listed fund, and Tokyo-based investor Daiwa PI Partners have jointly acquired a 70% share of a Vietnamese dairy producer. After almost two years of negotiations, the pair announce...

  • Estee Lauder's East-West strategy

    Cosmetics maker brings for-Asia lotions home to US

    NEW YORK -- Estee Lauder has encouraged its Asian units to develop cosmetics suited to the needs of women in the region. Now the U.S. company is freshening up its domestic business by selling those for-Asia products in the American market. The ...

  • Searching for the cause

    Takata to triple air bag testing capacity

    TOKYO -- Takata will start testing its recalled air bags at triple the current rate beginning next year in search of the root cause of a defect that has killed and injured motorists in the U.S. Starting next month, the Japanese manufacturer aims ...

  • Next-generation fuel

    JX Energy to build expansive hydrogen infrastructure in Japan

    TOKYO -- Japan's JX Nippon Oil & Energy will build a nationwide hydrogen infrastructure encompassing everything from production to sales in order to support fuel cell vehicles and other technologies powered by nature's simplest element. The compa...

  • New Tealand?

    Zealong brews global expansion plan

    SYDNEY -- Zealong, a premium organic oolong tea grown in New Zealand, is trying to reach consumers overseas. The New Zealand tea was served at a November banquet to welcome Chinese President Xi Jinping, who was visiting the country. Nicole Wang...

  • Samsung's challenge

    Embracing the 'Internet of Things' for a turnaround

    SEOUL -- Samsung Electronics is trying to re-energize its flagging electronics business under a new strategy focused on the "Internet of Things." But with other companies also moving in the same direction, winning back its profit mojo will not be eas...

  • Wuhan mall opening

    Aeon launches foray into China's inland cities

    WUHAN/DALIAN, China -- Tired of the fierce competition in China's coastal areas, Japanese retail giant Aeon is heading to suburbs of inland cities, aiming to beat rivals in establishing a presence and attracting families. "Aeon is committed to en...

  • Commodity market turmoil

    UACJ's aggressive expansion plan puzzling wary investors

    TOKYO -- Aluminum smelter UACJ's struggling stock likely stems from investors' concern about the company's decision to push a bullish business plan in the face of adverse market conditions. "It will be the first step toward becoming a globally co...

  • Changing gas market

    Tokyo Gas diversifies into hydrogen sales ahead of deregulation

    TOKYO -- Tokyo Gas is recalibrating its business strategy and restructuring its business to ready itself for the new era of free-for-all in the gas retail market. Gearing up for the scheduled liberalization of the power and gas retail markets in ...

  • Samsung's succession plan

    Cheil Industries listing greases gears for leadership change

    SEOUL -- Seven months after Chairman of Samsung group Lee Kun-hee was hospitalized for a heart attack, the question of the South Korean company's succession plan has made an important step, with the successful listing of Cheil Industries. The new...

  • Tourism in Japan

    Halal karaoke, anyone?

    TOKYO -- Japanese karaoke chain operator Koshidaka Holdings will on Dec. 25 open a shop that serves certified halal food and has a prayer room for Muslim customers. The company sees an opportunity in the growing number of tourists from Islamic countr...

  • Focus on health care

    Fujifilm chief says new drugs under development

    TOKYO -- Fujifilm Holdings, whose experimental Ebola drug grabbed the spotlight amid an outbreak in West Africa, is working to strengthen its health care business by developing new treatments, the company's chief executive officer told The Nikkei. ...

  • Turning to Southeast Asia

    JX Nippon Oil plans first overseas refinery in Vietnam

    TOKYO -- JX Nippon Oil & Energy is preparing to build its first overseas oil refinery in Vietnam, and it may get into the gas station business there as well. The Japanese petroleum distributor plans to partner with state-run Vietnam National Petr...

  • Avoiding double taxation

    Mitsui could ink advance pricing pacts with Japan, India

    NEW DELHI -- Japanese trading house Mitsui & Co. is on track to become the first company to sign an advance pricing agreement with both Japan and India to safeguard against transfer pricing disputes, paving the way for compatriots to boost investment...

  • Cutting back on routes

    Skymark eyes ending flights from Yonago Airport

    TOKYO -- Struggling airline Skymark has begun looking at withdrawing from flights originating at Yonago Airport in Tottori Prefecture. The third-largest air carrier in Japan plans to notify the Ministry of Land, Infrastructure, Transport and Tour...

  • Japan's shipbuilding resurgence

    Mitsui Engineering to spend big on domestic shipyards

    TOKYO -- Mitsui Engineering & Shipbuilding will pour some 17 billion yen ($142 million) into its domestic manufacturing bases, including lifting production capacity for harbor cranes and returning a dock to service. This is the first time since t...

  • Leaner manufacturing

    Toyota consolidating seat production as competition mounts

    NAGOYA -- Toyota will bring the seat-making operations of four units under one roof as early as 2016 to better compete against U.S. and European rivals. Aisin Seiki, Shiroki and Toyota Auto Body, which currently make electric components, seat rec...

  • Robust nonfinancial services

    Nomura Research eyes 3% profit gain for April-December

    TOKYO -- The Nomura Research Institute will likely book a 3% year-on-year increase in group operating profit for the April-December period to over 37 billion yen ($309 million) on the growth of services aimed at nonfinancial companies. The Japane...

  • Indonesian e-commerce

    Lazada beefs up logistics for its online mall

    JAKARTA -- Online retailer Lazada Indonesia is investing in its distribution network to better harness the promising domestic e-commerce market. "Our big focus is going to be on operations and logistics," Magnus Ekbom, Lazada Indonesia's CEO, sai...

  • Takata CEO speaks out

    Air bag supplier pledges full cooperation with carmakers

    TOKYO -- The chairman and chief executive of Takata has said his company will fully cooperate with automakers in carrying out safety campaigns or further recalls of air bags but cannot at this point conclude whether all of the air bags in question ar...