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Japan-U.S. Consortium Eyed for Toshiba Bid

  • Category:Event
THE JAPAN NEWS
 
TOKYO (Jiji Press) — The idea of forming a Japanese-U.S. consortium has been floated to beat possible Chinese, Taiwanese and South Korean bidders in an auction of Toshiba Corp.’s flash memory business, Jiji Press learned on Thursday.
The move comes as the Japanese government and ...

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Naha Airport Emerging as Intl Cargo Hub to Increase Transport Efficiency

  • Category:Other
THE JAPAN NEWS
 
Efforts are under way to transform Naha Airport in Okinawa Prefecture into a hub for transporting air cargo between Japan and other parts of Asia.
Naha Airport has the advantage of being located close to Southeast Asian countries and coastal regions of China, as well as round-the...

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Toshiba Crisis Shines Light on Japan's Corporate Culture

  • Category:Other
JAPAN TODAY
 
TOKYO — The troubles at crisis-hit Toshiba are the latest in a string of business scandals that highlight how the backbone of Japan’s corporate culture—unwavering employee loyalty—can sometimes lead to disaster, analysts say.
The venerable firm’s stock has been sliced in half since ...

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Yamato to Carry Out Delivery Time Reforms / Better Work Conditions Eyed for Staff

  • Category:Event
THE JAPAN NEWS
 
TOKYO (Jiji Press) — Yamato Transport Co.’s management and labor have agreed to carry out reforms for the parcel delivery time slots to improve work conditions for its drivers, sources said Thursday.
The leading door-to-door parcel delivery firm will scrap the slot between noon a...

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Workers at Japan's Top Companies Get Meager Pay Hikes

  • Category:Event
JAPAN TODAY
 
TOKYO — Most major Japanese companies offered the lowest hike in base pay in four years on Wednesday, a setback for Prime Minister Shinzo Abe’s campaign dubbed Abenomics to spur the long-sluggish economy.
Toyota Motor Corp’s base pay hike, traditionally a benchmark other companies u...

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Toshiba Puts Off Release Of Earnings

  • Category:Event
THE JAPAN NEWS
 
Shaken by the huge loss incurred from its nuclear power business, Toshiba Corp. announced Tuesday that it is again postponing the release of its consolidated accounts for the April-December 2016 period.
Announcement of the results had been due on the day. Toshiba earlier postpone...

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Major Mobile Carriers Moving Into Budget Market

  • Category:Event
THE JAPAN NEWS
 
Major mobile phone carriers KDDI Corp., which operates the au brand service, and SoftBank Group Corp. are increasingly expanding into the budget market. This is because independent carriers are attracting more users by offering reasonable services under brands such as IIJmio and ...

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SoftBank to Sell 25% Stake in ARM to Vision Fund: Sources

  • Category:Event
JAPAN TIMES
 
SoftBank Group Corp. plans to sell a 25 percent stake in ARM Holdings PLC to a technology fund it is creating with Saudi Arabia after lead investors expressed a desire to include the chip-maker in their portfolio, according to people familiar with the matter.
The company will receiv...

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Yamato Holdings to Retroactively Pay Unpaid Overtime Wages

  • Category:Other
JAPAN TODAY
 
 TOKYO — Yamato Holdings Co plans to retroactively pay employees for unpaid overtime in an effort to address tough working conditions faced by delivery drivers and other staff amid a manpower shortage, the company said Saturday.
The holding company of Yamato Transport Co, a door-to-...

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Aeon to Launch Tourism Venture Aimed at Helping Japan’s Quake-hit Tohoku Region

  • Category:Event
JAPAN TIMES
 
In a bid to boost the Tohoku region’s recovery from damage caused by the 2011 Great East Japan Earthquake and tsunami, retail giant Aeon Co. will launch a venture offering tourism and other activities in affected areas.
The major supermarket and shopping mall chain has already been ...

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