Companies

Focus on emerging Asia

NEC, Hon Hai to join in cloud computing business

TOKYO -- Japan's NEC and Taiwan's Foxconn plan to launch a cloud computing business in China and other Asian countries, sources told The Nikkei. The Japanese electronics maker and Taiwanese contract manufacturer also known as Hon Hai Precision In...

  • Go ahead, take the day off

    Tokyo DisneySea opens new Mermaid Lagoon Theater

    TOKYO -- Tokyo DisneySea on Friday officially showed park-goers how it spent about four billion yen ($33.6 million) refurbishing the Mermaid Lagoon Theater. The new theater, which can seat about 700, includes six large screens and a huge stage pu...

  • A shot in the arm

    Toshiba to add molding machinery capacity in India, Thailand

    TOKYO -- Toshiba is investing around 5 billion yen ($42 million) to expand Indian and Thai capacity for plastic injection-molding machinery as the shift toward lighter vehicles spurs demand. The Japanese company will boost output capacity for low...

  • A quiet Japanese debut

    Apple limits offline watch sales to preserve luxury image

    TOKYO -- Sales of the much-discussed Apple Watch began Friday, but in Japan there was little of the excitement and crowds that normally accompany the launch of an Apple product. The device is available in a limited number of locations, including ...

  • Port problem-solving

    Mitsui O.S.K. automating its LA terminal

    TOKYO -- Japanese shipping company Mitsui O.S.K. Lines is automating container handling at its Port of Los Angeles terminal. Once the 12 billion yen ($99.6 million) project is completed in 2016, the intermodal yard operated there by California su...

  • Investment plans

    Japan Display's next president touts smartphone panel push

    TOKYO -- Japan Display is planning 300 billion yen ($2.48 billion) in investments over the next five years, focusing on expanding production capacity for high-resolution LCD panels used in smartphones. While some worry that smartphone prices will...

  • SAP rising

    Transparency, regional expansion fuel software demand

    SINGAPORE -- SAP, a German corporate software company, anticipates a regional boom in demand for business management systems after recording a 37% increase in revenue during the first quarter in Asia-Pacific, its best performing division globally. ...

  • Pulling out of finance

    Industrial past is prologue for GE

    NEW YORK -- For more than a century, General Electric has been synonymous with U.S. industrial might. Then, over the last 20 years or so, the company became heavily involved in finance. Now it is returning to its roots, sharply paring back its financ...

  • Yahoo under pressure

    Will US web portal divest Japan unit after 20 years?

    SILICON VALLEY/TOKYO -- U.S. Internet portal operator Yahoo is coming under growing pressure to sell its 35.5% holdings in the Japan unit, a move intended to secure funds for acquisitions and shore up smartphone-related services. The moves comes ...

  • Telecom in Hong Kong

    HKT, Huawei plan fast, wireless service

    HONG KONG -- HKT, Hong Kong's largest mobile phone carrier, said it will team up with Chinese telecom equipment maker Huawei Technologies to offer fast wireless service that will allow subscribers to easily watch movies and listen to music on their s...

  • Hope Technik

    Meet Singapore's new sea drone

    SINGAPORE -- Hope Technik, a Singapore-based venture company, will launch a surveillance drone that can take off from and land on the sea. Singapore's port authority, the drone's first customer, plans to use it to survey oil spills. The company aims ...

  • Cost cuts trump sales decline

    Hyundai Steel's group operating profit spikes 35%

    SEOUL -- Hyundai Steel Co. said its consolidated operating profit in the January-March quarter surged 35% from a year earlier to 339.8 billion won ($318 million). The company credited a cost-cutting drive in which it made more efficient use of fuel a...

  • ZTE profit spikes

    Chinese telco sees 42% surge in Q1

    GUAGNZHOU, China -- Major Chinese telecommunication equipment maker ZTE Corp. said its net profit in the January-March quarter spiked 41.9% from the same period a year earlier to 882 million yuan ($142 million) as Chinese mobile phone carriers made g...

  • Retailing

    France's Carrefour teams up with Tencent for online payments

    DALIAN, China -- French supermarket chain Carrefour is teaming up with Chinese Internet services company Tencent holdings for online payments. The tie-up will allow shoppers to make their purchases using WeChat Payment, Tencent's online payment a...

  • Changing Asia

    Philippine farmers to mechanize?

    MANILA -- Philippine farmers are being targeted by a Japanese agricultural machinery maker. Yanmar last month announced in Manila that it will launch a new business in the Philippines. It is aiming for sales of 6.5 billion yen ($53.7 million) by 2018...

  • Can't win with the won

    Hyundai Motor operating profit down 18% for January-March

    SEOUL -- Hyundai Motor's consolidated operating profit fell 18% on the year to 1.58 trillion won ($1.47 billion) for the three months ended March, the South Korean automaker said Thursday. The strengthening won and greatly ramped-up U.S. sales in...

  • Rehabilitation plan

    Sharp to focus investment on smaller LCD panels

    OSAKA -- Sharp plans to invest 140 billion yen ($1.15 billion) in smaller LCD panels, which are used in devices such as smartphones, through fiscal 2017 as it works to rebuild itself. Main lenders Mizuho Bank and Bank of Tokyo-Mitsubishi UFJ agre...

  • Starting world tour

    Honda aims to fly high with private jet

    NEW YORK/TOKYO -- Honda Motor is finally adding a business jet to its lineup as it seeks to shake off an automobile recall nightmare and get to the next stage of growth as a manufacturing powerhouse. The HondaJet was unveiled in Japan on Thursday...

  • Expanding overseas

    Nitori to build second Vietnamese furniture plant

    TOKYO -- Nitori Holdings plans to open another furniture plant in Vietnam as early as fiscal 2017 to take advantage of low labor costs. The facility will sit on a 400,000-sq.-meter plot of leased land in Ba Ria-Vung Tau Province near Ho Chi Minh ...

  • New facility

    China's Changan Automobile to lift output of own-brand vehicles

    BEIJING -- China's Changan Automobile will ramp up production capacity of its own vehicles by building a new plant in Chongqing. The facility is projected to open in 2017 and have the capacity to manufacture 360,000 vehicles per year, boosting pr...