Companies

Kubota employees work with farmers to come with more efficient ways of growing rice. (Courtesy of Kubota)

High-tech agriculture

Machinery maker Kubota decides to start farming

Kubota, a leading farm machinery maker, has decided partner with its customers in the hopes of selling more to them. By 2019, the company plans to be growing rice and vegetables on a total of 10 sq. km of land across Japan. The company says i...

  • Tough times ahead

    Shipper Cosco's revenue sinks on slowing China economy

    HONG KONG -- Shipping giant China Cosco Holdings' revenue declined 8% on the year to 29.9 billion yuan ($4.67 billion) for the January-June half on sluggish demand for coal and other materials amid the country's economic slowdown. Net profit at t...

  • CTBC Financial Holding

    'China does not face hard landing risks'

    TAIPEI -- A senior executive at Taiwan's leading CTBC Financial Holding on Aug. 28 dismissed the possibility of a hard landing for China, and said he expects the mainland's economy to grow steadily propped up by real estate and infrastructure constru...

  • Siliconware Precision Industries

    Taiwan IC maker relies on Foxconn to fend off hostile advances

    TAIPEI -- Taiwan's integrated circuit packaging and testing services provider Siliconware Precision Industries (SPIL) has agreed to swap shares with Foxconn Technology Group and allowed the key Apple assembler to become its largest shareholder, the t...

  • Corporate streamlining

    Panasonic to pull plug on 2 light fixture factories in Japan

    OSAKA -- Panasonic is set to close two domestic factories that manufacture lighting products by the end of September as the company engages in its second phase of structural reforms. In fiscal 2014, the Japanese company finished revamping its tel...

  • Japanese factories busy

    Mazda to make CX-3 SUVs in Thailand

    TOKYO -- Mazda Motor plans to start producing the CX-3 sport utility vehicle in Thailand as its Japanese manufacturing sites are slated to reach near capacity. Mazda will manufacture the compact SUV at AutoAlliance (Thailand) in Rayong Province, ...

  • LCD tie-up needed

    Sharp scrambles to find partner amid earnings erosion

    OSAKA -- Sharp is stepping up the search for a capital tie-up partner for its troubled LCD business as a rapid earnings decline dims its prospects for a turnaround. Under a medium-term business plan released in May, the struggling electronics man...

  • In high spirits

    Liquor maker Kweichow Moutai's net profit jumped 9.1% for first half

    HONG KONG -- Kweichow Moutai, a producer of baiju traditional Chinese spirits, said Friday that net profit grew 9.1% on the year to 7.88 billion yuan ($1.23 billion) for the January-June half. Efforts to move high-priced goods as well as cheaper ...

  • Buzz over Thailand project

    China Railway Construction shares extend gains

    HONG KONG -- China Railway Construction's stock followed gains on Thursday with a sharp rise in morning trading here on Friday. The shares touched 11.16 Hong Kong dollars at one point, up 6.1% from the previous day. It closed at 10.66 Honk Kong dolla...

  • Vietnam Kowil Fashion

    Apparel company expanding into neighboring countries

    HANOI -- Vietnam Kowil Fashion is poised to expand its operations into neighboring countries. The major Vietnamese apparel company aims to capitalize on scheduled regional economic integration and a pending trade pact. As a first move, Kowil will...

  • Forex headwinds

    Mizuno to jump into Brazilian production

    OSAKA -- Mizuno plans to make athletic shoes in Brazil, an important market whose weakening currency has hurt the profitability of the Japanese sporting goods manufacturer's footwear exports from Asia. The company is weighing such details as the ...

  • Sharing wealth

    NTT will centralize fund management to secure growth capital

    TOKYO -- Nippon Telegraph and Telephone will manage funds across the group, designating a financial subsidiary as an intermediary that channels surplus cash at large earners to affiliates in need of investment capital. NTT Finance will take on re...

  • Amped up

    Rakuten plots grand entrance into retail power sales

    TOKYO -- With Japan set to liberalize its retail electricity market next year, e-commerce giant Rakuten is preparing to join the fray via a team-up with trading house Marubeni. The duo are soon expected to reach a basic agreement under which elec...

  • Logistics hub

    Itochu to begin repair services for Isuzu trucks in Myanmar

    TOKYO -- Trading house Itochu will start truck repair services on behalf of Isuzu Motors in Myanmar, a market where demand for commercial vehicles is expected to grow as the country becomes a logistics hub with the launch of the ASEAN Economic Commun...

  • Squaring off with tech giants

    NTT group to pool resources for overseas push

    TOKYO -- By moving to make group surplus funds available for strategic acquisitions, Nippon Telephone and Telegraph is positioning itself to expand overseas as growth becomes limited in the matured domestic market. Cloud-based business is a core ...

  • JR Tokai's legwork pays off

    Texas bullet train 'one step' closer to reality

    NAGOYA -- Plans for America's first ultrahigh-speed rail line are going the right way for JR Tokai, which has been pursuing this export opportunity from the start. The project has "moved one step forward," President Koei Tsuge told reporters in T...

  • Indonesian infrastructure

    China, Japan competing to build high-speed railway

    JAKARTA -- Japan, in a heated beauty contest with China, has sweetened its proposal to build Indonesia's first high-speed railway. Japanese government officials on Wednesday pitched their latest offer in a meeting with Indonesian President Joko W...

  • Vedanta

    Company closing eastern India aluminum refinery as prices slump

    NEW DELHI (NewsRise) -- Vedanta, the mining and energy group controlled by billionaire Anil Agarwal, said it is "left with no choice" but to gradually shut down an aluminum refinery in eastern India, as it grapples with a slump in prices and shortage...

  • Looking to bounce back

    Kao is shoring up its lackluster cosmetics business

    TOKYO -- Kao is working to reinvigorate its lackluster cosmetics business. The Japanese health and beauty products company said Wednesday that it will launch new premium skincare and makeup brand "Sofina iP" in November. The company will als...

  • Production slowdown will end

    Osaka Titanium to lift output of airplane material

    OSAKA -- Osaka Titanium Technologies will increase production of airplane-use material by roughly 80% in fiscal 2015. Idled furnaces at its Amagasaki plant in Hyogo Prefecture will be brought back online to boost output to 32,000 tons a year. ...