Companies

Sumitomo Mitsui Trust partners with Taiwan's CTBC on lending business

TOKYO -- Japan's Sumitomo Mitsui Trust Bank is partnering with major Taiwanese banking group CTBC Financial Holding. Sumitomo Mitsui Trust aims to leverage the Taiwanese lender's reach in Southeast Asia to expand its Asian operations. Sources say...

  • US hedge fund sells Sony shares

    TOKYO -- U.S. hedge fund Third Point has sold its share in Sony. In a letter to investors on Tuesday, CEO Daniel Loeb, said the sale had made a nearly 20% profit. Third Point revealed in May last year that it had acquired shares in Sony. The ...

  • Japan's Benefit One takes its employee motivation service to Indonesia

    TOKYO -- Benefit One, which provides client companies in Japan with employee motivation, will make a full-scale entry into Indonesia. The Japanese service provider has recently teamed up with an Indonesian company to develop new customers in...

  • China's Evergrande Real Estate branching into solar power

    GUANGZHOU, China -- Evergrande Real Estate Group, one of China's leading property developers, is adding solar power to its rapidly growing list of business endeavors. The company will invest 90 billion yuan ($14.7 billion) to build huge solar pow...

  • Mitsubishi Heavy moves Boeing 777 door production to Vietnam

    HANOI -- Japan's Mitsubishi Heavy Industries announced Wednesday that it has moved production of doors for U.S. aircraft manufacturer Boeing's 777 jetliner to Vietnam. The move is intended to enhance cost competitiveness by accumulating manufactu...

  • Fast Retailing defies retail slump, wins investor trust

    TOKYO -- Fast Retailing has held steady through the recent stock market turbulence, with investors hailing its flagship Uniqlo fast-fashion chain as one of the few clear winners in Japan's retail industry since April's consumption tax hike. Remai...

  • SoftBank's bets big on Indonesia with Tokopedia deal

    JAKARTA -- Japan's SoftBank said Wednesday it will lead a $100 million investment in online retailer Tokopedia, in what promises to be one of the biggest deals ever for an Indonesian startup. Softbank's U.S.-based subsidiary SoftBank Internet and...

  • Peso-pinching back-office service providers have a thing for the Philippines

    MANILA -- Business process outsourcing -- paying other companies to do some of your back-office tasks -- has a big footprint here. But the service providers are starting to spread out to other parts of the country where labor is cheaper. Transcos...

  • Japanese security provider Alsok 'multilingualizing' its services

    TOKYO -- Japan's Sohgo Security Services, also known as Alsok, is multilingualizing its services for foreign tourists and residents. Alsok will provide security services in five languages -- English, Chinese, Korean, Portuguese and Spanish -- as ...

  • Fujifilm adopts 'milk run' method in China

    TOKYO -- Fujifilm Corp. has adopted the so-called "milk run" method of collecting components from suppliers in China. The new method will be used at its digital camera plant in the eastern city of Suzhou, Jiangsu Province. The company aims to bui...

  • Taiwanese machine parts maker to double presence in Japan

    TOKYO -- Hiwin Technologies will double the locations and employees of its Japanese unit by December 2016, seeking to compete for market share here. The Taiwanese manufacturer of machine tool parts now has six locations in Japan, including ones i...

  • Uniqlo's China factories key to success

    TOKYO -- Fast Retailing, the company behind the Uniqlo casual clothing chain, has achieved the estimated annual sales of more than 1 trillion yen ($9.27 billion). However, its goal by fiscal 2020 is to hit sales of 5 trillion yen. To achieve this...

  • Sumitomo Metal Mining invests in producing EV battery materials

    TOKYO -- Sumitomo Metal Mining will invest roughly 20 billion yen ($185 million) to increase its output of materials used for lithium ion batteries for electric cars, the company announced Monday. The investment is intended to more than double pr...

  • Hokkaido Gas jumping into electricity retail market

    SAPPORO -- Hokkaido Gas is branching out to become an electricity retailer. The company plans to begin the business in fiscal 2016, using energy generated by a 5,000kW-class biomass power plant it will build in partnership with Mitsui & Co., Sumi...

  • Sagawa Express starts logistics service for large malls

    TOKYO -- Sagawa Express has kicked off a service that handles all aspects of logistics work for such large commercial facilities as malls. The Japanese company will collect products at its neighborhood business locations, sort them in advance and...

  • BBC to push global news brand in Southeast Asia

    TOKYO -- BBC Global News, the international news arm of British Broadcasting Corp., will aggressively promote its brand in Southeast Asia and plans to launch a Japanese-language version of its website in 2015, Chief Executive Officer Jim Egan said. ...

  • Fujifilm to boost supplies of potential Ebola drug

    TOKYO -- Fujifilm said Monday it will ramp up production of its Avigan influenza drug to prepare for shipment once the product is proven to be effective in treating Ebola in overseas clinical trials. The company currently has a stockpile of cours...

  • US giant in smart-home systems entering Japanese market

    SILICON VALLEY -- Icontrol Networks of the U.S. will partner with Tokyu to provide smart-home systems in Japan that allow customers to remotely control air conditioning, security cameras and other home appliances on the Internet. Tokyu cable TV p...

  • Kyushu utility relents on geothermal, hydraulic power

    TOKYO -- Kyushu Electric Power plans to restart purchasing geothermal- and hydraulic-generated power under the feed-in tariff system before the year is out. The regional power company in October stopped buying clean power from these sources becau...

  • Yamato Transport to develop driver-training program for Malaysia

    TOKYO -- Japanese parcel-delivery company Yamato Transport will develop a program for training commercial drivers in Malaysia. It will obtain revenue by licensing the program to a local partner. Malaysia has five times more traffic deaths than Ja...