Companies

The new Lexus NX is the brand's first foray into the premium compact SUV segment.

Lexus: not just for senior corporate executives anymore (Toyota hopes)

TOKYO -- Toyota Motor is trying to reinvent its Lexus luxury line by giving the brand the kind of pizazz and luster Toyota cars lack. The strategy's latest embodiment is the new Lexus NX, unveiled Tuesday. The premium compact crossover, designed ...

  • Kao pretax profit up 15% in 1st half, resisting impact from Japan's sales tax hike

    TOKYO -- Japanese health care and beauty products maker Kao Corp. said Tuesday that its group pretax profit for the first half ended June climbed 15% year-on-year to 51.4 billion yen ($498 million), despite the negative effects from Japan's consumpti...

  • Casio brings digital English word notes to China

    TOKYO -- Japanese electronic device maker Casio Computer is pushing deeper into the Chinese market with its digital word books for English learners in response to a growing trend of studying English in the country. Nobuyuki Mochinaga, executive o...

  • Destruction of evidence may cost Takeda dearly

    TOKYO -- Takeda Pharmaceutical stumbled seriously when it was found to have destroyed evidence related to a series of product liability lawsuits in the U.S. over its popular diabetes drug Actos. The Japanese drugmaker may have to pay dearly for ...

  • Chat app Line to offer cut-rate shipping at virtual mall

    TOKYO -- Line is teaming up with leading e-commerce company Felissimo to offer standardized shipping rates across Japan at the messaging app provider's e-commerce website. Starting Wednesday, merchants in the Line Mall can send items anywhere in ...

  • Skymark faces trouble as Airbus cancels A380 order

    TOKYO -- Skymark Airlines faces the prospect of paying damages to Airbus for missing a payment on an order for A380 superjumbos, a development that could devastate the struggling Japanese carrier. The European aircraft manufacturer said Tuesday t...

  • McDonald's Japan sales down 15-20% after food scandal

    TOKYO -- McDonald's Holdings Japan revealed Tuesday that sales have fallen 15-20% below projections since an expired meat scandal broke out at a Chinese supplier earlier this month, an added blow to a fast-food giant already hurt by intense competiti...

  • Inotera has happy second quarter memories

    TAIPEI -- Inotera Memories, Taiwan's leading manufacturer of dynamic random-access memory (DRAM), a key operating component in all types of computer, has reported record second quarter revenue. The company cautioned, however, that DRAM shipments ...

  • Aussie iron queen poised to join the ranks of majors

    PILBARA, Australia -- As she develops what will be one of the biggest iron mines in Australia, Gina Rinehart has taken her late father's dream a step closer to reality. Rinehart took the helm of resources firm Hancock Prospecting following Lang Hanco...

  • Volkswagen bolstering production in China

    FRANKFURT -- The German carmaker is stepping up production in China, as part of its efforts to further expand its operations in rapidly-growing Asia and outstrip Toyota by 2018.

  • Skymark Airlines in talks with Airbus about canceling order for A380 superjumbos

    TOKYO (Dow Jones) -- Japanese low-cost carrier Skymark Airlines said it is in talks with Airbus Group about canceling a $1.7 billion order for up to six A380 superjumbos as it battles losses amid increased competition and a weaker yen. The Europe...

  • Tokyo R&D ready to offer EV trains

    TOKYO -- Japanese electric vehicle maker Tokyo R&D plans to start producing trains that use EV technology after having developed one for sightseeing for the city of Kyoto. The company remodeled an existing train into a model powered by batteries ...

  • Late El Nino seen lifting Maruetsu's March-August profit

    TOKYO -- Maruetsu's group net profit for the six months ending Aug. 31 is expected to climb roughly 30% on the year to around 1 billion yen ($9.72 million), trouncing guidance pointing to a 73% plunge to 210 million yen. Operating revenue, the eq...

  • Sumitomo partners with Indian gas company in LNG

    TOKYO -- Sumitomo Corp. has teamed up with Indian state-owned natural gas distributor GAIL in the supply of liquefied natural gas. The companies are both involved in an LNG export project in the U.S. state of Maryland. Under the agreement announc...

  • US meat supplier seeks to move past quality scandal in China

    SHANGHAI -- The chief executive of OSI Group, the American parent of a Chinese food supplier found selling expired meat, vowed Monday to ensure that the same problem never happens again. "We take responsibility for the actions of those individual...

  • Gree to step up investment in non-game businesses

    TOKYO -- Gree plans to spend 10 billion yen ($97 million) during the current fiscal year ending June 2015 to branch out into fields outsides its mainline game business. As a first of such investments, the Japanese company has bought a stake in Ho...

  • Swapped car badges flag challenges ahead for China-brand cars

    GUANGZHOU, China -- Earlier this month, this reporter spotted a small, silver sedan travelling the opposite way in China's southeastern Guangdong Province. The car had a Nissan Motor badge on its front. But a closer look revealed the model to be ...

  • Nomura Real Estate betting big on redevelopment projects

    TOKYO -- Nomura Real Estate Holdings, known for its Proud brand of condominium complexes, had adopted a strategy to hasten its projects along to the sales stage. But with the real estate market's apparent recovery, Nomura Real Estate is now ready to ...

  • Xiaomi looking to wow world with latest handset

    BEIJING -- Fast-rising Chinese smartphone maker Xiaomi is looking to ramp up its global name recognition with its latest smartphone, which offers a seductive mix of high performance and low cost. But to clear the path for international expansion, the...

  • JAL, ANA vie for Latin American partner

    TOKYO -- Japan Airlines and All Nippon Airways are battling each other for code-sharing partners in Latin America's growing aviation market. In fact, they are both after one partner in particular, TAM Airlines, Brazil's largest airline. At the en...