Companies

Nomura Research Institute tapping talent far and wide to ease crunch

TOKYO -- Facing a personnel shortage when demand for systems development spikes in a couple of years, Nomura Research Institute is outsourcing work to areas outside Japan's biggest cities as well as overseas. Japan's major systems development com...

  • Sumitomo to build gas-fired power plant in Ghana

    TOKYO -- Sumitomo plans to construct and operate a power plant in Ghana, becoming the first Japanese company to do so. The trading house aims to tap the western African country's electric power market, which is growing at a 7% annual clip, as it ...

  • Aeon faces full plate of challenges with Daiei takeover

    TOKYO -- Transforming money-losing Daiei into the centerpiece of its urban supermarket business will prove no easy task for Aeon, even with full management control. The Japanese retail group, which has kept Tokyo-listed Daiei on as a partly owned...

  • Nissan, Mitsubishi bringing automatic brakes to minicars

    TOKYO -- In a joint effort to introduce new options to consumers, Nissan and Mitsubishi Motors before year's end will begin equipping minicars with automatic brake systems, a function previously available mainly in high-end cars. The new feature ...

  • Satellite TV channel to promote Japan to audiences abroad

    TOKYO -- A satellite television channel that specializes in Japanese content will begin airing a program in November showcasing some of the country's attractions. The program, "Shiki-Oriori," will show townscapes, traditional culture and other in...

  • Hilton Worldwide to almost triple Asia-Pacific properties

    KUALA LUMPUR -- Leading global hotel chain company Hilton Worldwide has nearly 200 hotels in the pipeline for Asia-Pacific over the next three to five years, 150 of which are to be opened in China. "China is the key growth area," William Costley,...

  • Komaihaltec gets tailwind from midsize turbine business

    TOKYO -- Bridge and steel frame manufacturer Komaihaltec has caught wind of a new market opportunity, selling midsize wind turbines for use in mountainous regions, remote islands and other areas where power supplies are inadequate. The com...

  • Chat app developer Line puts listing on hold

    TOKYO -- After months of planning for an initial public offering both here and in the U.S., Line Corp. said Monday it will not go public this year. The Tokyo-based company, which boasts some 500 million worldwide users of its namesake mobile mess...

  • Alsok to let customers keep an eye on homes using smartphones

    TOKYO -- Sohgo Security Services, also known as Alsok, will begin a service that will enable users to remotely monitor inside their homes using smartphones. By activating a special smartphone app, a user will be able to view a video feed of a roo...

  • Aeon aims to turn Daiei into 100% unit as part of restructuring

    TOKYO -- Aeon is moving to convert subsidiary Daiei into a wholly owned unit to speed up the process of restructuring its lackluster supermarket business. The two companies formed a capital partnership in 2007, with Aeon turning Daiei into a grou...

  • Fuji Oil to double US production capacity for vegetable oil

    TOKYO -- Fuji Oil will spend 1.4 billion yen ($13 million) to add facilities at a U.S. plant to refine oils and fats supplied to restaurant operators and other businesses, with plans to double production capacity there by 2019. Construction will ...

  • Sanrio to expand duty-free service

    TOKYO -- Sanrio will beef up duty-free shopping services in light of growing interest among foreign travelers, setting up a designated counter at its flagship Ginza store in Tokyo in November. Until now, Sanrio offered tax-free shopping solely at...

  • Square Enix to remake hit console games for mobile market

    TOKYO -- In an effort to diversify its revenue channels, Square Enix Holdings has decided to bring back old hit titles that were developed for video game consoles by tailoring them to mobile devices. This is part of the Japanese company's efforts...

  • IKEA goes flat-packing in India

    NEW DELHI -- Sweden's IKEA, the world's largest furniture retailer, is to invest $1.73 billion in India as part of an ambitious long-term plan to open 25 outlets in major cities. "The plan goes hand in hand with developing sourcing and suppliers ...

  • Painkilling biopharma startup Ribomic set for Mothers listing

    TOKYO -- A Tokyo-based biopharmaceutical startup that manipulates RNA (ribonucleic acid) is going public on the Tokyo Stock Exchange's Mothers market on Sept. 25. Ribomic is trying to develop pharmaceuticals for intractable diseases. It uses nove...

  • Algeria rejects arbitration in row with Japanese construction venture

    TOKYO -- A dispute between a joint venture made up of five Japanese companies and Algeria over a huge highway project is deepening, as the African country refuses international arbitration. The joint venture, which includes Kajima and Taisei, ask...

  • SoftBank won't sell Alibaba stake: Son

    TOKYO -- SoftBank has no intention of selling its Alibaba shareholdings, Chairman and Chief Executive Officer Masayoshi Son said, even with their value up by a factor of 4,000 from what it paid for them thanks to Friday's initial public offering. ...

  • Newly listed Alibaba determined to become global player

    SHANGHAI -- Having listed its shares on the New York stock market, Alibaba Group Holding hopes to transform into a truly global company, but achieving this ambition will hinge on the Chinese e-commerce business' management transparency. Founder a...

  • Toyota official raises specter of ending Vietnamese output

    HANOI -- As the looming end of import tariffs stokes fears of cheap cars from abroad, Toyota Motor is urging the government to provide tax incentives for keeping production in Vietnam, with an executive warning that the automaker might otherwise leav...

  • Kawasaki Heavy broadening robot business to medical field

    TOKYO -- Kawasaki Heavy Industries is looking to charge up its robot business by expanding its offerings into the medical and pharmaceutical fields, particularly for use in hospitals as well as rehabilitation and nursing care facilities. The comp...