Companies

Automation seeing increasing use in garment factories

TOKYO -- New machines are being developed to help garment factories cope with chronic labor shortages and achieve more consistent product quality.Juki, a manufacturer of industrial sewing machines, will develop robots and conveyor machines for moving...

  • Godrej Consumer posts better-than-expected profit as commodity prices slump

    MUMBAI (NewsRise) -- Indian personal care products maker Godrej Consumer Products reported a better-than-expected 17% rise in fourth-quarter profit, helped by growth in its international business and lower commodity prices.Net income for the quarter ...

  • Leicester City hopes fairy tale wins fans in Asia

    SEOUL -- Fans, journalists and players around the world are coming to terms with the success of a team full of previously unknown names who have now become international stars thanks to Leicester City's unlikely victory in the English Premier League ...

  • Suzuki doubles down on premium autos in India as incomes rise

    TOKYO -- Suzuki Motor will more than double its high-end auto dealerships in India this fiscal year, expecting growing demand from middle-income consumers ready to upgrade from economy cars.The Japanese automaker plans to expand its Nexa dealerships ...

  • Bosses' pay in Japan up 18% in 3 years

    TOKYO -- Median pay for presidents of large Japanese corporations rose nearly a fifth in three years amid renewed earnings growth and competition with high-rolling foreign companies for talent, a survey found.Median compensation among presidents of 4...

  • Japan's Kyokuto Kaihatsu to build parking garages in Indonesia

    OSAKA -- Kyokuto Kaihatsu Kogyo has broken into Indonesia's parking-garage market, seeking to focus on expanding overseas rather than in Japan, where growth prospects are dim.The company, a manufacturer of specialty vehicles based in Japan's Hyogo Pr...

  • LG Display to mass-produce OLED light panels

    SEOUL -- LG Display, the world's largest maker of liquid crystal display panels, is taking another step to establish the market for organic light-emitting diodes with its plan to mass-produce OLED panels for lighting starting in the first half of 201...

  • Mitsubishi Motors' minicar sales dive 45% in wake of scandal

    OSAKA -- Mitsubishi Motors saw sales of new minivehicles plunge 44.9% on the year in April, the same month the embattled car company admitted to falsifying fuel-economy data.Domestic minicar sales for Mitsubishi Motors came to 1,477 vehicles last mon...

  • UK firm's exec slapped in South Korea over deadly sterilizers

    SEOUL (Reuters) -- An executive from British consumer goods giant Reckitt Benckiser was slapped during an emotional news conference as he apologised on Monday over deadly lung injuries linked to the use of humidifier sterilizers marketed by the firm....

  • NTT Docomo reaching into own ranks for next chief

    TOKYO -- NTT Docomo has decided to appoint a senior executive vice president, Kazuhiro Yoshizawa, as its first homegrown president.Yoshizawa, 60, is slated to take office following the mobile carrier's shareholders meeting in late June. He will be th...

  • JT net profit rises 40% on domestic tobacco sales

    TOKYO -- Japan Tobacco's net profit increased 40% on the year for the January-March quarter, lifted by demand at home ahead of price hikes and gains from real estate sales.The company, also known as JT, announced 145.4 billion yen ($1.36 billion) in ...

  • One-off gain pushes HDFC's Q4 profit up by 31%

    MUMBAI -- India's largest mortgage lender, Housing Development Finance Corp., on Monday posted a 31% year-on-year rise in net profit for the fourth quarter ended in March, due largely to a one-time gain from the sale of a stake in an insurance joint ...

  • Maruti Suzuki

    Another double-digit sales gain on solid SUV demand

    MUMBAI (NewsRise) -- Maruti Suzuki India, the nation's top-selling carmaker, reported a more than 16% increase in April sales, aided by strong demand for its utility vehicles Vitara Brezza and S-Cross.Total domestic sales at the Suzuki Motor unit ros...

  • Technogym melds physical with digital in view to wellness

    MILAN -- Athletes and the Brazilian authorities are not the only ones counting the days till the Rio Olympics. Corporations big and small are getting ready to show off their brands in one of the world's most celebrated sporting events. Italian fitnes...

  • Takata booking over $156mn in additional loss for air bag recalls

    TOKYO (Reuters) -- Japanese air bag maker Takata Corp said it is booking an additional special loss of 16.6 billion yen ($156.07 million) for the full year that ended in March due to product warranty costs related to a recall of its potentially letha...

  • AI may help Japan's baseball champs rewrite 'Moneyball'

    FUKUOKA -- About a month into Japan's professional baseball season, the Fukuoka SoftBank Hawks, the 2014 and 2015 national champions, are doing no worse. Many say the team's strong lineup is underpinned by the cash-rich SoftBank Group, a big telecom ...

  • US to expand recall of cars with Takata air bags

    TOKYO -- U.S. transport authorities intend to call for automakers to recall more cars equipped with potentially defective Takata air bags, sources said on Saturday.The U.S. National Highway Traffic Safety Administration has already conveyed its recal...

  • Exclusive

    Mileage scandal hits sales of Mitsubishi Motors, Nissan

    TOKYO -- Mitsubishi Motors, now at the center of a fuel efficiency scandal, saw domestic sales of new minicars tumble 45% in April from a year earlier to about 1,500 vehicles, industry sources said on Saturday. Meanwhile, Nissan Motor's domestic sale...

  • Renault board maintains CEO pay deal despite shareholder revolt

    PARIS (Reuters) -- Renault stuck by its decision to pay Carlos Ghosn 7.2 million euros ($8.2 million) for 2015, defying a shareholder vote against the chief executive's package on Friday.Investors representing 54 percent of voting rights opposed Ghos...

  • Sharp plans stock incentives to stop brain drain

    OSAKA -- Sharp plans to offer a stock-based incentive program to retain talented workers, as it grapples with an exodus of personnel amid deteriorating earnings.The embattled consumer electronics maker plans to submit the proposal to a board meeting ...