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Toshiba Sets March Date For Vote On Spin-Off Plan

  • Category:Other
JAPAN TODAY
 
Japanese conglomerate Toshiba said Monday it would hold an extraordinary meeting of shareholders on March 24 to vote on its plan to spin off its devices unit.
The ballot will not be legally binding but is intended to "confirm the views of our shareholders regarding moving forward", ...

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Prototype For Slow-Moving Automated Vehicle Tested

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THE JAPAN NEWS
 
KOBE — Gekidaniino G.K. and other entities have released a prototype vehicle in Kobe for a low-speed automatic driving system that runs up to 5 kph. Gekidaniino G.K. is an Osaka City-based subsidiary of Kansai Electric Power Co.
It is possible to hitch a ride while walking, and t...

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Three Top Japanese Oil Wholesalers See Earnings Recovery

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JAPAN TIMES
 
Three major Japanese oil wholesalers saw their earnings recover sharply in April-December last year, as higher crude oil and other resource prices pushed up the evaluation of their inventories, according to their latest earnings reports.
The recovery came after their earnings deteri...

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Japan's SoftBank Drops Sale of Arm, Plans IPO

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US NEWS
 
Japanese technology investor SoftBank says its planned sale of the British semiconductor and software design company Arm to U.S. chip maker Nvidia has fallen through.
SoftBank's planned sale of the British semiconductor and software design company Arm to U.S. chip maker Nvidia has falle...

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Toyota Quarterly Net Profit Beats Estimates Despite Chip Shortage

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JAPAN TODAY
 
Toyota on Wednesday logged a forecast-beating net profit of 791.7 billion yen ($6.8 billion) for the three months to December, even as a global chip crunch and a pandemic-driven parts shortage forced production cuts.
The Japanese auto giant, which kept its crown as the world's top-s...

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U.S., Japan Reach Deal To Cut Tariffs On Japanese Steel, Fight Excess Output

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REUTERS
 
The United States and Japan on Monday announced a deal to remove Trump-era tariffs from about 1.25 million metric tons of Japanese steel imports annually after Washington granted similar access for European Union steelmakers last year.
The new deal, which excludes aluminum, will take ef...

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Korean Micromobility Startup Swing Grabs $24M For Growth, Expands To Japan

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TECH CRUNCH
 
Swing, a South Korean electric scooter and micromobility startup, announced today it has raised $24 million in a Series B round to spur its growth and expansion to Japan. 
The funding was led by White Star Capital, which also invested in Berlin-based Tier Mobility, and included exis...

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Three Arrested In Japan For Insider Trading Over COVID-19 Drug

  • Category:Other
JAPAN TIMES
 
Tokyo police have arrested three people on suspicion of buying shares in Japanese biotechnology and drug startup Tella Inc. on the basis of undisclosed information on the company's planned development of a COVID-19 treatment.
The Metropolitan Police Department arrested Toshiaki Kubo...

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Softbank Calls Credit Suisse ‘Desperate’ Over Greensill Spat

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JAPAN TIMES
 
SoftBank Group Corp.’s Vision Fund accused Credit Suisse Group AG of shifting the blame over claims the investment group was responsible for losses the Swiss lender’s clients suffered from the collapse of finance firm Greensill Capital, according to documents seen by Bloomberg.
The ...

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Nintendo Raises Profit Forecast But Cuts Switch Sales Outlook

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JAPAN TODAY
 
Nintendo raised its full-year profit forecast Thursday, citing strong performances by recent game releases, but it again cut its sales target for the Switch over global supply chain problems.
The Japanese giant posted its highest-ever annual profit in 2020-21, buoyed by a surge in g...

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