Travel & Leisure
Losses mount for 5-star hotel chains due to COVID closures
Peninsula operator makes first staffing cuts even as open properties lack guests
Machinery & Industrial Equipment
Automobiles
Toyota posts net profit of $1.5bn for April-June despite COVID
Carmaker remains bullish while rivals struggle with lackluster performance
Companies
Daikin to develop medical face mask with national institute
Reusable type will be equivalent to NIOSH-approved N95 versions
Aerospace & Defense
Mitsubishi Heavy set to oversee Japan's homegrown fighter project
IHI, Kawasaki Heavy and Subaru also look to play role
Business deals
Mitsui E&S and Tsuneishi to operate jointly in shipbuilding
The Japanese companies aim to compete against Chinese and South Korean rivals
Technology
Japan group to bring quantum computers to the workplace
IBM, University of Tokyo and partners to develop software for the technology
Companies
Itochu finds hope in alliance with China's Citic in apparel
Japan trader still faces challenges in FamilyMart-branded retail operations
Startups
Japan AI unicorn Preferred Networks seeks greener pastures
CEO says company can't remain a 'mystery'; looks to teaching and games
Aerospace & Defense
Japan to choose one domestic maker for new fighter production
Mitsubishi Heavy on shortlist to lead development of stealth aircraft
Politics
UAE looks to diversify oil-dependent economy with Mars mission
Knowledge-based economy seen as key as global decarbonization gains traction
