Companies

Chinese airlines

Market likely to continue growing at 10%

HONG KONG -- China's airline market is expected to grow 10%-11% annually over the next five years, China Eastern Airlines President Ma Xulun said at a news conference in Hong Kong on Tuesday. The Shanghai-based airline saw its net profit jump 43...

  • Wooing investors

    Japan Post to raise payout ratio to at least 50%

    TOKYO -- Japan Post Holdings is leaning toward nearly doubling its dividend payout ratio to 50% or more for the next three years. The holding company for the nation's postal operations is putting the finishing touches on a new medium-term busines...

  • Chat app evolution

    New chief taking Line into the real world

    TOKYO -- As free messaging application provider Line comes into its own as a leading global player, newly promoted head Takeshi Idezawa is setting his sights on growth through real-world services. Line's board approved management changes Tuesday ...

  • Corporate governance

    Dai-ichi Life to flex muscles as investor

    TOKYO -- Dai-ichi Life Insurance will play a more active role as a shareholder by exercising voting rights to oust ineffective outside directors and demanding higher payouts under a new investment policy. The Japanese life insurer is a major inst...

  • Tripling capacity

    Otsuka to make more transfusion fluids in China

    TOKYO -- Major pharmaceutical company Otsuka Holdings will expand Chinese production and sales of transfusion fluids used as nutritional supplements to meet increasing demand there. China Otsuka Pharmaceutical -- in which Otsuka Pharmaceutical ha...

  • Fuel-efficient tires

    Zeon plans 2nd Singapore factory for specialized synthetic rubber

    TOKYO -- Zeon will double its capacity in Singapore for a type of synthetic rubber favored by tire makers boosting their production of fuel-efficient tires. The leading Japanese maker of synthetic rubbers and high-function materials will invest r...

  • Thai AirAsia X

    Japan relaxes ban briefly for Sapporo flights

    BANGKOK -- Despite a Japanese block on new services from Thai airlines, low-cost carrier Thai AirAsia X can fly to Sapporo in May and June. According to Chief Executive Officer Nadda Buranasiri, Japanese aviation authorities have shown some flexi...

  • Highway help

    Hyundai to bring self-driving vehicle tech to market in 2015

    SEOUL -- Hyundai Motor plans to launch within the year a system that can drive a car down highways without driver input, according to an announcement Tuesday, aiming to ensure it does not lag behind rivals in a fast-moving area. The highway drivi...

  • Investing in Europe

    Honda to build 5-door Civic in UK for export

    TOKYO -- Honda Motor has decided to make its U.K. assembly plant a global production hub for the next-generation Civic five-door model, a move meant to secure output and maximize efficiency. The Japanese automaker will invest 200 million pounds (...

  • Expanding in China

    Taiwan's Fubon Financial reports record profit

    TAIPEI -- Fubon Financial Holding, Taiwan's second largest financial services provider by market capitalization, reported a record profit for 2014. Net income was 60.2 billion New Taiwan dollars ($1.9 billion), up 56% from 2013, with its China bankin...

  • Corporate governance

    Lessons from Apple's comeback

    TOKYO -- Good corporate governance can save businesses in crisis. It ensures management does right by the company even if it goes against their own interests. The remarkable resurrection of Apple from the brink of business failure is a lesson in ...

  • New R&D center

    Abbott Laboratories finds a home in Singapore

    NEW YORK -- Abbott Laboratories, a U.S.-based global health care company, is ramping up its Asian operations to cash in on the region's growing demand for nutrition supplements. Abbott, which already has plants in China and India, has spent $24 m...

  • Promises higher ROE

    Japan steelmaker aims to be world's No. 1

    TOKYO -- In a bid to become the world's No. 1 steelmaker, Nippon Steel & Sumitomo Metal has decided to be more communicative with the stock market. In its three-year midterm management plan through fiscal 2017, released March 3, the steelmaker sa...

  • New real estate fund

    Resona targets convenience store investments

    TOKYO -- Japan's Resona Bank has set up a real estate fund for investing in major convenience stores. The move is aimed at cultivating new targets for investors amid increasingly fierce competition in securing promising properties in the country. ...

  • Little car, big vision

    Honda recaptures its youth, creative spirit

    TOKYO -- Honda Motor's S660 marks the automaker's first "mini" sports car in 19 years. But the roadster's true significance may be that Honda put a 26-year-old engineer in charge of its development. Motor industry watchers say Honda has become an...

  • The Pac(-Man) is back

    Bandai Namco to let third parties put own spin on '80s games

    TOKYO -- Bandai Namco Games will open up the rights to characters, music and other elements from "Pac-Man" and other classic video games, aiming to boost earnings by giving dormant properties a new lease on life. The Bandai Namco Holdings unit wi...

  • Expanding horizons

    ANA to cultivate South American, African routes

    TOKYO -- ANA Holdings will focus on world destinations where no Japanese airlines currently go, the carrier's incoming president says. The Japanese airline aims to launch service to Istanbul and Mexico City in the near future, and it will "broade...

  • Consumer finance

    Japan's Orient to offer auto loans in Thailand

    TOKYO -- Consumer lender Orient is entering the car loan market in Thailand, with a focus on used automobiles. In May, the Japanese company will set up a subsidiary in Bangkok that will offer a range of car loan products. Thailand's used-car ...

  • Syndicated lending

    Japan banks to put up more than $680M for Vietnamese power plant

    TOKYO -- Sumitomo Mitsui Banking Corp. and 10 other banks will provide a syndicated loan of $683 million for a fossil-fuel power plant in Vietnam. The Japan Bank for International Cooperation will supply more than $400 million, with the rest comi...

  • Strategy shift

    China's No. 1 air conditioner maker to launch smartphones

    HONG KONG -- Gree Electric Appliances, China's largest air conditioner manufacturer, is poised to elbow its way into the crowded smartphone market as early as this year. The Zhuhai-based company aims to sell as many as 100 million units a year, o...