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Toshiba In Early Talks With 10 Potential Buyout 'Partners'
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JAPAN TODAY
Troubled conglomerate Toshiba said Friday it has been approached by 10 potential investors as it weighs going private, a move that would be highly unusual in corporate Japan.
The engineering giant was once a symbol of the country's industrial prowess, producing everything from rice ...
Troubled conglomerate Toshiba said Friday it has been approached by 10 potential investors as it weighs going private, a move that would be highly unusual in corporate Japan.
The engineering giant was once a symbol of the country's industrial prowess, producing everything from rice ...
- May 15, 2022
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NTT Names Veep Shimada as New President
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THE JAPAN NEWS
Nippon Telegraph and Telephone Corp. said Thursday that it will promote Senior Executive Vice President Akira Shimada to the post of president, effective June 24.
Shimada, 64, will replace Jun Sawada, 66, who will become chairman with the right to represent the holding company.
T...
Nippon Telegraph and Telephone Corp. said Thursday that it will promote Senior Executive Vice President Akira Shimada to the post of president, effective June 24.
Shimada, 64, will replace Jun Sawada, 66, who will become chairman with the right to represent the holding company.
T...
- May 13, 2022
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Toyota Posts Record Full-Year ¥2.82 Tril Net Profit
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JAPAN TODAY
Toyota on Wednesday posted a record full-year net profit helped by strong sales and a cheaper yen, but issued cautious forecasts as the pandemic and war in Ukraine disrupt supply chains.
The Japanese auto giant, which kept its crown as the world's top-selling carmaker in 2021, repor...
Toyota on Wednesday posted a record full-year net profit helped by strong sales and a cheaper yen, but issued cautious forecasts as the pandemic and war in Ukraine disrupt supply chains.
The Japanese auto giant, which kept its crown as the world's top-selling carmaker in 2021, repor...
- May 12, 2022
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Sony Logs Record Full-Year Sales But Net Profit Dips
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JAPAN TODAY
Sony Group Corp on Tuesday reported its best-ever sales in the financial year to March thanks to strong results in movies, electronics and music, while net profit dipped 14 percent from the previous year's record high.
A lockdown-fuelled gaming boom has slowed, but the Japanese gian...
Sony Group Corp on Tuesday reported its best-ever sales in the financial year to March thanks to strong results in movies, electronics and music, while net profit dipped 14 percent from the previous year's record high.
A lockdown-fuelled gaming boom has slowed, but the Japanese gian...
- May 11, 2022
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All-Japan Committee Meets To Promote Sapporo Olympic Bid
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AP NEWS
Yasuhiro Yamashita, the head of the Japanese Olympic Committee, acknowledged the biggest stumbling block to holding the Olympics is the billions in costs.
However, in another breath on Tuesday at a so-called “All Japan” meeting to promote Sapporo’s bid for the 2030 Winter Olympics, he s...
Yasuhiro Yamashita, the head of the Japanese Olympic Committee, acknowledged the biggest stumbling block to holding the Olympics is the billions in costs.
However, in another breath on Tuesday at a so-called “All Japan” meeting to promote Sapporo’s bid for the 2030 Winter Olympics, he s...
- May 10, 2022
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Japan's Opn Raises $120 Million, Becomes Rare Unicorn
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REUTERS
Digital payments processor Opn, formerly known as Synqa, said it had raised $120 million in a Series C+ funding round, becoming a rare unicorn, or startup worth more than $1 billion, in Japan.
The startup raised funds from the venture capital arm of the government-backed Japan Investmen...
Digital payments processor Opn, formerly known as Synqa, said it had raised $120 million in a Series C+ funding round, becoming a rare unicorn, or startup worth more than $1 billion, in Japan.
The startup raised funds from the venture capital arm of the government-backed Japan Investmen...
- May 10, 2022
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BOJ Rules Out Widening Yield Band To Stem Yen Fall
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CNA
The Bank of Japan has no plan to allow long-term interest rates to move more widely around its 0 per cent target to stem sharp falls in the yen, a central bank executive said on Tuesday, saying such a move would be tantamount to a rate hike.
The BOJ currently offers to buy unlimited amounts...
The Bank of Japan has no plan to allow long-term interest rates to move more widely around its 0 per cent target to stem sharp falls in the yen, a central bank executive said on Tuesday, saying such a move would be tantamount to a rate hike.
The BOJ currently offers to buy unlimited amounts...
- May 10, 2022
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Marubeni Corp. To Begin Selling Land-Based Farm Salmon In 2024
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THE JAPAN NEWS
Marubeni Corp. will begin sales of Atlantic salmon raised at a land-based farm in Shizuoka from 2024, the general trading company has announced.
Marubeni signed a contract with Norwegian land-based salmon farming company Proximar Seafood AS, which is constructing the farm, to be ...
Marubeni Corp. will begin sales of Atlantic salmon raised at a land-based farm in Shizuoka from 2024, the general trading company has announced.
Marubeni signed a contract with Norwegian land-based salmon farming company Proximar Seafood AS, which is constructing the farm, to be ...
- May 7, 2022
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Japan May Spend $100 Billion To Slow Yen’s Slide, Bank Of America Says
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JAPAN TIMES
The yen may extend declines to ¥140 per dollar and that could trigger the government to spend $100 billion (about ¥12.9 trillion) to limit further losses, according to Bank of America analysts.
The currency hasn’t weakened to ¥140 against the dollar since 1998, but it may be pushed ...
The yen may extend declines to ¥140 per dollar and that could trigger the government to spend $100 billion (about ¥12.9 trillion) to limit further losses, according to Bank of America analysts.
The currency hasn’t weakened to ¥140 against the dollar since 1998, but it may be pushed ...
- May 7, 2022
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Hondajet Flight Service To Be Tested This Year
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THE JAPAN NEWS
A transportation service using the domestically produced HondaJet light business jet is scheduled to begin on a trial basis this year, Honda Motor Co. has announced.
The service will target corporate employees and private business owners, ferrying them on business trips and for o...
A transportation service using the domestically produced HondaJet light business jet is scheduled to begin on a trial basis this year, Honda Motor Co. has announced.
The service will target corporate employees and private business owners, ferrying them on business trips and for o...
- May 5, 2022
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