Companies

Bloated inventory forcing Honda to cut domestic output

TOKYO -- Honda Motor will curb car production in Japan this month and next in light of repeated recalls that necessitate improved quality control, and slower than expected sales following April's consumption tax hike. Daily production will be sca...

  • Japanese retailers expand tax-free offerings to woo foreign tourists

    TOKYO -- Japanese retailers are offering an increasing number of services and facilities to attract more foreign shoppers, hoping to cash in on shoppers who are eager to snap up Japanese products at cheaper prices thanks to the expanded scope of item...

  • Yamato Holdings boosts rates to extend profit, market share

    TOKYO -- Yamato Holdings, Japan's biggest parcel delivery group, has begun to pursue increases in both profitability and market share by raising its delivery charges for the first time in 24 years. Yamato is expecting a group operating profit of ...

  • Japan's Tokaido Shinkansen marks 50th anniversary

    TOKYO -- Central Japan Railway (JR Tokai) celebrated the 50th anniversary of the country's first shinkansen bullet train service at Tokyo, Shizuoka, Nagoya and Shin-Osaka stations Wednesday. At Tokyo Station, a ceremony was held on platform No. 1...

  • Ford to go on the offensive in Asia

    DEARBORN, Mich. -- Ford Motor plans to take its Lincoln luxury brand to the Chinese market and turn China, India and Thailand into major Asian production hubs to strengthen its presence in a region the automaker has yet to fully cultivate. Chief ...

  • Honda to relocate Shanghai motorcycle factory

    TOKYO -- Honda plans to relocate a Shanghai motorcycle plant operated by a Chinese joint venture in an attempt to improve efficiency and cut costs. The Japanese company will close the Shanghai plant, which is run by Sundiro Honda Motorcycle, a 50...

  • Mizuho to hike wages for second time this year

    TOKYO -- Mizuho Financial Group decided Tuesday to raise base wages for all employees by 0.5%, aiming to retain its best workers amid increasing international competition for talent. The financial giant will officially notify unions on Wednesday,...

  • Prince Hotels to go after Thai travelers with new sales office

    TOKYO -- Prince Hotels will open up a sales office in the Thai capital of Bangkok by year-end to encourage more vacationers to visit Japan and stay at one of its locations. The new office will have five full-time staffers, who will work on growin...

  • Taiwan's Wintek closing production facilities

    TAIPEI -- Wintek, Taiwan's second-largest manufacturer of touch panels, is closing and selling production facilities in order to cut costs. Wintek has been hemorrhaging red ink, slammed by misguided faith in the power of the Windows 8 operating s...

  • Japanese entrepreneur finds potential aplenty in Cambodia

    TOKYO -- Founded by a young Japanese entrepreneur, T.A.G Service & Trading (TAG) may not be a household name in Japan yet, but the company is enjoying runaway success in fast-growing Cambodia. Expanding along with the Cambodian economy, which has...

  • Australian IT consultancy expands into SE Asia

    SYDNEY -- UXC Red Rock Consulting, the largest Oracle technology consultant in Australasia, has acquired asset life-cycle management provider Convergence Team as part of its effort to expand into Southeast Asia. Convergence Team, which operates t...

  • Hacked JAL computers had info on 190,000 fliers

    TOKYO -- Personal information of at least 190,337 frequent flier customers may have been stolen in a recent cyberattack, Japan Airlines said Monday in an interim report. The airline revealed the number of customers whose personal information the ...

  • Nissin Foods to lift noodle prices for first time in 7 years

    TOKYO -- Nissin Foods Holdings said Monday it will raise the price of instant noodles in Japan by 5-8% starting from shipments in January, to pass on higher ingredient and packaging costs. Prices will be hiked on some 250 items, or about half the...

  • GE to construct massive solar power plant in Japan

    TOKYO -- General Electric announced plans Monday to build one of Japan's largest solar power plants, a 230,000kW facility slated for Okayama Prefecture. The U.S.-based industrial conglomerate will sell all the electricity generated at the site to...

  • Setback will force Sumitomo to review resource strategy

    TOKYO -- Having rushed to expand its natural resource business to catch up with rivals, Sumitomo has no choice but to make major changes following its announcement of huge write-downs for overseas projects. The Japanese trading house said it will...

  • AstraZeneca to take the fight to diabetes, cancer: CEO

    TOKYO -- Having spurned a takeover bid from Pfizer, AstraZeneca will continue to expand its base, shifting emphasis to cancer and diabetes, Chief Executive Officer Pascal Soriot told The Nikkei on Monday. "Now we have what we need to be successfu...

  • QUICK to offer gauge of news' stock impact

    TOKYO -- QUICK will release a tool for investors next month that tells in about 30 minutes whether a Nikkei Inc. group news report is good or bad for share prices. The news analysis tool, available for a fee starting next month, is the first of i...

  • Nippon Express to offer cheaper cargo transport to Russian west

    TOKYO -- Nippon Express has pieced together a low-cost cargo shipping service linking Japan and Asia to the western part of Russia. The new route starts by shipping goods to the port of Vladivostok, then transporting them the rest of the way via dome...

  • Mitsui Chemicals to make Taiwanese resin for safer batteries

    TAIPEI -- Mitsui Chemicals is expanding its business with lithium-ion batteries to include a functional resin material that boosts safety by preventing the thermal runaway that can cause explosions and fires. Wholly owned subsidiary Taiwan Mitsui...

  • Mitsubishi Electric-Intel system finds faulty factory equipment

    TOKYO -- Mitsubishi Electric said Monday it will partner with U.S. chipmaker Intel to begin selling a system that prevents breakdowns in factory manufacturing equipment. The system combines the Japanese company's factory automation equipment with...