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Updated: 26 min 34 sec ago

ANA to turn Peach Aviation into subsidiary

February 23, 2017 - 22:28
ANA Holdings plans to spend roughly 100 billion yen ($890 million) to raise its interest in budget carrier Peach Aviation to 67%. (Nikkei)
Categories: Japan News

Ghosn cedes Nissan president-CEO role

February 23, 2017 - 22:17
Nissan Motor Co. said Carlos Ghosn will step aside as CEO after leading the firm for 16 years, allowing him to concentrate on deploying his cost-cutting expertise across its alliance with Renault SA and newly added Mitsubishi Motors Corp. (the-japan-news.com)
Categories: Japan News

Rakuten's growth hopes fade as e-commerce giant matures

February 22, 2017 - 21:41
Rakuten shares received a boost Wednesday following news of a stock buyback plan, but the rally's staying power is in question, as the Japanese company's key operations sputter including the mainstay e-commerce business in its home country. (Nikkei)
Categories: Japan News

Money-losing Toshiba selling medical leasing unit to Canon

February 21, 2017 - 22:35
Embattled Japanese electronics maker Toshiba Corp. is selling its stake in a medical equipment leasing company to Canon Inc. for ¥31.4 billion ($277 million). (Japan Times)
Categories: Japan News

Japan promotes 'Premium Friday'

February 21, 2017 - 22:10
Businesses leaders and government officials gathered in Tokyo on Tuesday to promote a labor initiative known as "Premium Friday." (NHK)
Categories: Japan News

Shiseido adopting English as official language next year

February 20, 2017 - 22:04
Japan's Shiseido plans to make English the official company language at its head offices around October next year, a step necessitated by the growth into a global enterprise. (Nikkei)
Categories: Japan News

SoftBank willing to cede control of Sprint to entice T-Mobile

February 18, 2017 - 22:50
Japan's SoftBank Group Corp is prepared to give up control of Sprint Corp to Deutsche Telekom AG's T-Mobile US Inc to clinch a merger of the two U.S. wireless carriers, according to people familiar with the matter. (Reuters)
Categories: Japan News

Sales of Kumamon mascot products hit record Y128 bil after quake

February 15, 2017 - 22:24
Products bearing the image of "Kumamon," the black bear mascot of quake-hit Kumamoto Prefecture, racked up sales of at least 128 billion yen ($1.1 billion) in 2016, the prefectural government said Wednesday. (Japan Today)
Categories: Japan News

SoftBank to buy Fortress Investment for $3.3 billion

February 15, 2017 - 22:19
The $3.3 billion acquisition by SoftBank Group Corp, the Japanese telecommunications, internet and solar energy giant, of Fortress Investment Group marks tycoon Masayoshi Son's latest step in building an investment empire. (Japan Today)
Categories: Japan News

Kanebo, 17 women reach settlement in skin-whitening cosmetics suit

February 15, 2017 - 22:17
Kanebo Cosmetics Inc. and 17 women, who were seeking a total of around 370 million yen ($3.2 million) in damages for developing blotches after using the company's skin-whitening products, reached a settlement Wednesday at the Yokohama District Court. (Kyodo)
Categories: Japan News

Laox stalls as tourist shopping boom fades

February 14, 2017 - 23:13
Tax-free store operator Laox, which once enjoyed record earnings from the phenomenon known as bakugai, or "explosive buying" by visitors to Japan, is struggling to keep up with consumers' shifting spending habits. (Nikkei)
Categories: Japan News

Toshiba says 'not ready,' delays earnings, nuclear writedown

February 14, 2017 - 04:31
Toshiba has unexpectedly delayed the release of its quarterly earnings and details of a multi-billion dollar writedown to its nuclear business, sending its shares sharply lower as investors fret over the conglomerate's future. (cnbc.com)
Categories: Japan News

Rakuten eyeing move to California

February 13, 2017 - 21:37
The leader of Japanese e-commerce giant Rakuten is considering moving part of the company's head office functions to Silicon Valley in California. (NHK)
Categories: Japan News

Wine beats sake in Japan as women drive record drinking

February 11, 2017 - 23:24
Japan's swelling ranks of working women have grape growers 10,000 miles away cheering. (standard.net)
Categories: Japan News

Biz leaders relieved as Trump avoids criticism of Japan

February 11, 2017 - 22:55
Japanese business leaders are relieved that U.S. President Donald Trump refrained from criticizing Japan over trade and monetary policies at his first summit with Japanese Prime Minister Shinzo Abe held at the While House on Friday. (Jiji)
Categories: Japan News

Komehyo closing 20% of stores after tourist spending crashes

February 10, 2017 - 23:28
Komehyo announced steps Friday meant to help the retailer of secondhand clothing and accessories find its footing after a year in which profits plunged. (Nikkei)
Categories: Japan News

Osaka supermarket chain fined over long work hours by foreign students

February 9, 2017 - 22:43
Super Tamade Co, an Osaka-based supermarket market chain, and its personnel division chief have been fined for the illegally long hours worked by foreign student employees. (Japan Today)
Categories: Japan News

Airbnb and home sharing navigate new Japanese law

February 9, 2017 - 22:36
Amid rapid societal change around the world, the modern sharing economy has found both successes and struggles. (Japan Today)
Categories: Japan News

McDonald's Japan back in black

February 9, 2017 - 22:16
McDonald's Holdings Japan says its sales rose in 2016, and that the firm had its first net profit in 3 years. (NHK)
Categories: Japan News

SoftBank's CEO expects business opportunities under Trump presidency

February 8, 2017 - 22:13
SoftBank Group Corp. Chief Executive Officer Masayoshi Son said Wednesday that he expects deregulation under U.S. President Donald Trump to create many business opportunities but withheld comment on the impact of Trump's travel ban. (Kyodo)
Categories: Japan News

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