Companies

Seven & i takes write-downs in big-store overhaul

TOKYO -- Seven & i Holdings will book about 60 billion yen ($591 million) in impairment losses related to its department and general merchandise stores as it works to rebuild the two struggling businesses.The Japanese retail giant announced the write...

  • Mitsubishi Motors bringing back scandal-tainted cars

    TOKYO -- Mitsubishi Motors resumes domestic sales Saturday of eight models whose fuel efficiency the Japanese automaker had exaggerated.The RVR sport utility vehicle and seven others fell short of their catalog figures in testing by the Ministry of L...

  • Japanese hotels to accept Apple, Google payment systems

    TOKYO -- Japanese travel agency JTB will upgrade payment readers used at some 5,000 partner facilities, including hotels and inns, to support Apple's and Google's mobile payment systems.JTB devices are used at more than 4,000 lodging facilities and s...

  • Exclusive

    Mitsubishi jet delivery pushed back again

    NAGOYA -- Initial delivery of Mitsubishi Aircraft's regional passenger plane will be postponed beyond the current target of mid-2018 owing to design changes, it was learned Friday.The unit of Tokyo-based Mitsubishi Heavy Industries has notified partn...

  • Accenture's growth offers lesson for Indian IT firms

    MUMBAI (NewsRise) -- U.S. outsourcing and consulting company Accenture surprised investors with a strong revenue growth in the August quarter, showcasing to Indian companies higher investments in new-age computing technologies could help them tide ov...

  • Y.T. Realty Group shares hit year-high on special dividend notice

    HONG KONG -- Shares of Hong Kong-based Y.T. Realty Group surged on Friday to its year-to-date high of 6.75 Hong Kong dollars following its announcement on a special dividend.The share price represents an increase of HK$1.96, or 40.9%, from a day earl...

  • Chance for Japanese, Cambodians to help each other financially

    TOKYO -- SBI Holdings will team with Idemitsu Credit to find loans for Cambodians coming to Japan for technical training. The rates on the loans will be lower than what the Cambodians would otherwise be saddled with back home. Around 2,000 Cambodians...

  • Japan's ispace testing rover with eye on Lunar Xprize

    TOKYO -- A lunar exploration team led by ispace technologies, a Tokyo-based aerospace startup, began a test-run of its lunar rover Tuesday on sand dunes in Tottori Prefecture, western Japan. The Hakuto project team is testing the four-wheeled robot's...

  • Kawasaki Heavy sets new helicopter on course for Southeast Asia

    TOKYO -- Kawasaki Heavy aims to pick up buyers across Asia with its new, state-of-the-art helicopter developed with Airbus, which can hover 11 times higher than its predecessors.

  • Tata Consultancy Services' Natarajan Chandrasekaran takes the long view

    MUMBAI -- Natarajan Chandrasekaran, the CEO and managing director of Mumbai-based Tata Consultancy Services, has a passion for long-distance running. His favorite pastime has taught him at least one valuable lesson that applies to his day job."One th...

  • In much of Asian industry, the state still reigns supreme

    HONG KONG -- Douglas Morton, head of Asia research at Northern Trust Capital Markets, has confidently put Shenzhen-based internet company Tencent Holdings on his buy list. Not only that, he believes it will surpass all others in terms of market capit...

  • Chairman Morris Chang keeps TSMC on the cutting edge of chipmaking

    TAIPEI -- Foresight, an unwavering focus and tough-love leadership. These are the qualities that have helped Taiwan Semiconductor Manufacturing Co. (TSMC) Chairman Morris Chang, 85, deliver stellar returns and make smartphones a ubiquitous part of da...

  • Vinatex leads Vietnam's rise as textile exporter

    DANANG, Vietnam -- The state-owned textile company Vinatex is leading the charge become for Vietnam's rapidly growing clothing exports, harnessing the country's aggressive trade policies and strategic partnerships.

  • Prosecutors to chase Lotte family, despite warrant setback

    SEOUL -- South Korean prosecutors say they will continue to pursue members of Lotte group's founding family despite a court ruling that has rejected an arrest warrant for Chairman Shin Dong-bin.

  • Wells Fargo brass taking heat for accounts scandal

    NEW YORK -- Scrutiny of Wells Fargo and its top management is intensifying in light of entrenched employee fraud revealed this month, sending tremors through an institution held up as a model of stability since the financial crisis.From 2011 and 2015...

  • Japan nuclear trio needs more than fuel to spark reactor partnership

    TOKYO -- The nuclear fuel collaboration that Japan's Hitachi, Toshiba and Mitsubishi Heavy Industries are considering will be watched to see whether it leads to consolidation in reactors, a much bigger business. But each member of the trio has its ow...

  • Mitsubishi jet touches down in US for further testing

    TOKYO -- Mitsubishi Aircraft's homegrown passenger jet is a step closer to commercial operations, arriving in the U.S. for extensive flight testing after a month of delays.The first Mitsubishi Regional Jet took off Monday from Aichi Prefecture's Nago...

  • Australia hands Lockheed submarine weapons contract

    SYDNEY -- American defense giant Lockheed Martin has been chosen to develop and install the combat system for Australia's next-generation submarine fleet, winning out over compatriot Raytheon.Lockheed's Australian subsidiary will work with France's D...

  • TDK taps into US battery startup

    TOKYO -- Japanese electronic component manufacturer TDK has invested in Zeptor, a U.S. maker of high-capacity batteries, to jointly develop such units for robots and medical equipment.Zeptor, which was established in 2009 by three engineers from Inte...

  • Kawasaki Heavy eyes new plant for chipmaking robots

    TOKYO -- Kawasaki Heavy Industries will construct a new domestic plant for robots used in semiconductor fabrication, expecting demand to grow with rising interest in the "internet of things."The Japanese company will invest 10 billion yen ($99 millio...