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  • Earnings preview

    Japan's big shippers seen sailing in unison toward profit

    TOKYO -- Japan's three largest marine shipping companies appear on course for net profit in fiscal 2017, buoyed by better market conditions and restructuring efforts.Mitsui O.S.K. Lines likely will achieve a net profit of about 10 billion yen ($90 m

    April 26, 2017 06:30 am JST
  • Nissan bets on Mitsubishi vehicles to lift Southeast Asian sales

    JAKARTA -- As part of efforts to boost its lagging sales in Southeast Asia, Nissan Motor will deepen ties with Mitsubishi Motors through such steps as rolling out each other's vehicles.Mitsubishi Motors on Tuesday held an opening ceremony for a plan

    April 26, 2017 06:20 am JST
  • Hitachi lands US air compressor ops from Accudyne

    TOKYO -- Hitachi is purchasing a U.S. air compressor manufacturing unit from Luxembourg-based Accudyne Industries for $1.24 billion in a move designed to build upon a core business at the Japanese technology giant.Accudyne, which makes industrial ma

    April 26, 2017 06:17 am JST
  • Earnings preview

    Nippon Gas seen lifting dividend even as profit drops

    TOKYO -- Nippon Gas is expected to raise dividend payouts for the fiscal year ending March 2018, with mainstay liquefied petroleum gas operations seen staying strong despite heavy costs from expanding into the Japanese capital's household gas market

    April 26, 2017 06:00 am JST
  • Market rebounding for synthetic fiber feedstock

    TOKYO -- The cost of raw materials for synthetic fibers is increasing due to tight supplies, raising the specter of higher prices on clothing and other products for consumers.The average price of caprolactum, the main ingredient in nylon, rose 10% i

    April 26, 2017 05:30 am JST
  • Bic Camera heading to Akihabara for tourists' yen

    TOKYO -- Bic Camera will open its first location in Tokyo's vibrant Akihabara shopping district as soon as June with a product lineup tailor-made for foreign tourists, widening a strategy that has begun paying dividends elsewhere."We're making inbou

    April 26, 2017 05:30 am JST
  • Earnings preview

    Nisshin Oillio profit seen 30% fatter on healthy oil sales

    TOKYO -- Nisshin Oillio Group's consolidated pretax profit probably climbed 30% in the year ended March, thanks to hot-selling premium oils and lower costs across operations.The major edible oil producer is believed to have logged around 10 billion

    April 26, 2017 05:10 am JST
  • Japanese tech to figure heavily in Russian projects

    TOKYO -- Japanese technologies will be applied to ease traffic congestion and repair an aging sewage system in a city near Moscow as part of economic cooperation the Japanese and Russian leaders are expected to agree on this week.The two sides will

    April 26, 2017 05:00 am JST
  • Changing auditors may not solve Toshiba's problem

    TOKYO -- Toshiba's plan to switch to an auditor more likely to sign off on the company's full-year earnings may just raise new doubts about their reliability, but the company has limited options, with the reporting deadline fast approaching.The deci

    April 26, 2017 05:00 am JST
  • North Korean drills, US coalition talks extend brinksmanship

    TOKYO -- North Korea and the U.S. continue to play a game of political intrigue, with the former conducting major military drills Tuesday while the latter builds an international coalition to pressure Pyongyang into giving up its nuclear program.Nor

    April 26, 2017 04:49 am JST
  • Market Scramble: More voting transparency on the way at Japan Inc.

    TOKYO -- Japan's activist stockholders stand to benefit as institutional investors grow more forthcoming about how they vote on resolutions, emboldening outspoken funds to push harder on their wish lists.Companies that have been hit with activist sh

    April 26, 2017 04:00 am JST
  • The art of the deal, Nagamori style

    OSAKA -- Even as the likes of Toshiba and Japan Post Holdings take a hit from massive impairment losses linked to overseas acquisitions, Japan's Nidec is adding to a long list of growth-oriented deals that its boss boasts have never produced a write

    April 26, 2017 02:40 am JST
  • ANA to invest $360m in new training facility

    TOKYO -- ANA Holdings will invest about 40 billion yen ($360 million) in new training facilities that can replicate such situations as accidents and inclement weather to improve the quality of its pilots and flight attendants.Incoming and outgoing f

    April 26, 2017 02:30 am JST
  • Earnings preview

    ANA seen lifting profit 6% on international business flyers

    TOKYO -- ANA Holdings appears likely to report an operating profit of 145 billion yen ($1.3 billion) for the year ended in March, up 6% and a second straight annual record for the Japanese airline, thanks to strong demand from business class passeng

    April 26, 2017 02:00 am JST
  • Exclusive

    Hitachi selling chipmaking device unit to KKR, Japan fund

    TOKYO -- Japanese technology group Hitachi plans to sell chipmaking equipment subsidiary Hitachi Kokusai Electric to private equity firms Kohlberg Kravis Roberts and Japan Industrial Partners.The U.S. and Japanese funds together aim to acquire all H

    April 26, 2017 02:00 am JST
  • Earnings preview

    Asahi Kasei seen topping forecast with 3% profit drop

    TOKYO -- Asahi Kasei likely will post a smaller decline in operating profit than forecast for the year ended in March, with a 3% drop to just shy of 160 billion yen ($1.44 billion), thanks to a rebound in petrochemical product prices.The Japanese ch

    April 26, 2017 02:00 am JST
  • North Korea marks military anniversary without nuclear or missile test

    SEOUL -- North Korea conducted one of its largest artillery exercises ever Tuesday to celebrate the 85th anniversary of its military, but seems to have avoided any major provocative actions like missile and nuclear tests, which had been feared. The

    April 26, 2017 02:00 am JST
  • Tokyo gives developers incentive to rebuild shaky old digs

    TOKYO -- Japan's capital will ease restrictions on buildings' size in an effort to spur renovation of the 12,000-odd condominiums built under pre-1981 earthquake resilience standards, a move that could have nationwide impact.Condos constructed befor

    April 26, 2017 02:00 am JST
  • Exclusive

    Toshiba switching auditors to file earnings that pass muster

    TOKYO -- Toshiba has decided to drop its current auditing firm in an effort to avoid having to submit a full-year financial statement without the auditor's blessing.Toshiba has clashed with PricewaterhouseCoopers Aarata over governance at Westinghou

    April 26, 2017 02:00 am JST
  • Japan Post to cut 2,000 jobs at Australian unit

    TOKYO -- Japan Post Holdings will cut 2,000 jobs at its struggling Australian logistics unit in an attempt to keep Toll Holdings a core of its overseas expansion.Japan Post on Tuesday announced it will book a 400 billion yen ($3.62 billion) write-do

    April 25, 2017 08:10 pm JST