Companies

Japan's Chubu Electric to import LNG with Singapore

NAGOYA -- Japanese utility Chubu Electric Power has signed a memorandum of understanding with Singapore-based Pavilion Gas over joint procurement of liquefied natural gas, sources said Friday. Chubu Electric intends to diversify LNG procurement b...

  • Tokyo Disney Resort planning even more magic for theme parks

    TOKYO -- Oriental Land will double the size of a popular section at Tokyo Disneyland and add a new section at Tokyo DisneySea as part of major investments through fiscal 2023, aiming to lure more guests. The Tokyo Disney Resort operator decided t...

  • 2 more Japanese reactors take step toward restarting

    TOKYO/OSAKA -- A pair of nuclear reactors in Fukui Prefecture are expected to pass safety reviews as early as winter, becoming the second facilities to clear Japan's tightened safety standards. Kansai Electric Power will submit the necessary offi...

  • Samsung's chip business helping limit pain of smartphone swoon

    SEOUL -- Samsung Electronics continues to struggle with a slowdown in its smartphone segment, but strength in its chipmaking business is cushioning the impact somewhat. The South Korean company announced Thursday that July-September operating pro...

  • Baidu having trouble getting in the groove outside China

    BEIJING -- Chinese Internet search giant Baidu has been generating more profits from smartphones as it scrambles to rely less on personal computers, but the company continues to struggle overseas. Baidu's net profit for the July-September quarter...

  • Hino rumbling toward V-shaped recovery in fiscal 2015

    TOKYO -- Fiscal 2014 is shaping up to be a bad year for Hino Motors, but the Japanese commercial vehicle maker hopes its new global strategic models will steer it toward a record profit next year. More than anything else, the new models are desig...

  • Nachi-Fujikoshi ordered to pay damages to Korean forced laborers

    SEOUL -- Japanese machinery maker Nachi-Fujikoshi must pay South Korean women who were forced to work at its factory in Japan during World War II, a local court here ruled Thursday. The Seoul Central District Court ordered the company to pay 80 m...

  • Once-bankrupt Japanese movie studio revives with Asian market's help

    TOKYO -- Japanese movie studio Nikkatsu is performing a comeback drama in the Asian theater. Nikkatsu once thrived thanks to a series of blockbuster films, including "Taiyo no Kisetsu" ("Season of the Sun"), in which legendary Japanese actor Yuji...

  • Alibaba hoping for record sales on Singles Day

    HONG KONG -- Chinese e-commerce behemoth Alibaba is getting ready for its most important day of the year -- Singles Day. Nov. 11 marks Singles Day because the date is made up of four lonely "ones." Originally, it was only celebrated by single men...

  • Jaguar Land Rover helping Tata Motors

    NEW DELHI -- Tata Motors is reaping the benefits of its $2.3 billion purchase of U.K.-based Jaguar Land Rover, six years after the deal went through. The buy, which went through at the height of the global financial crisis, was considered risky. ...

  • Global army of 'personal shoppers' helps Japanese e-commerce site grow

    TOKYO -- A fast-growing Japanese Internet company called Enigmo is giving consumers a unique way to feed their brand habits. The company runs Buyma, a website that connects "personal shoppers" with members who want to buy high-end apparel and oth...

  • Nintendo sticks to old game plan, pins hopes on year-end sales

    OSAKA -- Nintendo announced its consolidated results for the April-September half on Wednesday, and anyone looking for positive signs could find nuggets of hope. But the Japanese video game maker still has not responded in any solid way to the struct...

  • Rakuten launches smartphones to lift e-commerce, other services

    TOKYO -- Japan's Rakuten said Wednesday it has entered the smartphone fray, hoping to integrate the business with its flagship virtual mall and various other services. "We will draw on the full strength of the Rakuten group to create a service th...

  • Shiseido unveils initiatives to expand Chinese business

    TOKYO -- Shiseido is giving its Chinese cosmetics business a major makeover. By next spring, the cosmetics company will open a research lab in Shanghai, where it will develop products more attuned to the preferences of Chinese consumers. At the s...

  • Singapore Airlines charts new course for cash-burning Tigerair

    SINGAPORE -- Singapore Airlines is coming to the rescue of its Tiger Airways unit, a low-cost carrier scarred by competition in one of the world's toughest short-haul markets: Southeast Asia. Singapore-based Tigerair has been turning tail after d...

  • Tata to build military transports with Airbus

    NEW DELHI -- Tata and Airbus have submitted a bid for a multi-billion dollar deal to supply 56 transport aircraft to the Indian Air Force to replace its ancient Avros. Forty of the new aircraft will be manufactured in India, strengthening Prime Min...

  • Chugai's fate in Roche's hands

    TOKYO -- Chugai Pharmaceutical's share price surged on a U.S. news report that Roche Holding will turn the Japanese drugmaker into a wholly owned unit. The price came back down after it was reported the company dropped the plan, but with the Swiss co...

  • SoftBank eyes India for its 'next Alibaba': Masayoshi Son

    NEW DELHI -- SoftBank chief Masayoshi Son calls India an "extremely exciting market," and he is ready to back that assessment with hard cash. Over the next decade, his company plans to invest 1 trillion yen ($9.16 billion) in the country. Followi...

  • Fujifilm sees health care profits in Ebola crisis

    TOKYO -- The stock market is favorably responding to a promising product from Fujifilm Holdings' health care business, which the firm hopes to develop into its next cash cow. As the deadly Ebola virus disease which started in West Africa spreads ...

  • Hitachi Maxell counts on eco-car parts business for growth

    TOKYO -- Hitachi Maxell said on Monday that it now expects its consolidated pre-tax profit to tumble 39% in the financial year ending in March 2015 from a year earlier to 4.9 billion yen ($45 million). The announcement comes as profitability of t...