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Chinese e-commerce giants are facing a delicate balance between discounts and profit, as consumers look for lower-cost shopping. https://www.japantimes.co.jp/business/2024/05/13/companies/chinese-ecommerce-giants-profit/

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The number of corporate bankruptcies in Japan rose 28.3% from a year earlier to 783 in April as smaller firms struggled to pass on higher costs stemming from rising prices to customers, credit research firm Tokyo Shoko Research has said. https://www.japantimes.co.jp/business/2024/05/11/companies/japan-corporate-bankruptcies-rise/

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South Korea's Naver said on Friday it is exploring various options including the potential sale of its stake in the company that controls LY, which operates the popular messaging app Line. https://www.japantimes.co.jp/business/2024/05/10/companies/naver-line-operator/

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Japan's logistics companies are boosting ties to maintain delivery services amid concerns about a looming truck driver shortage stemming from new regulations capping overtime. https://www.japantimes.co.jp/business/2024/05/10/companies/logistics-firms-partnerships/

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Japanese steelmakers have raised concerns with Australian authorities that BHP Group could become too dominant in the global supply of coking coal if it goes ahead with a takeover of Anglo American. https://www.japantimes.co.jp/business/2024/05/10/companies/japan-steelmakers-bhp-anglo-american/

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SoftBank Group’s flagship Vision Fund has sold or written down billions of dollars’ worth of holdings in recent years as founder Masayoshi Son shifts away from away venture capital deals toward investments in semiconductors and artificial intelligence. https://www.japantimes.co.jp/business/2024/05/10/companies/softbank-vision-fund/

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J-Power says it may close up to five coal-fired power generation units by fiscal 2030 as part of its efforts to reduce carbon dioxide emissions. https://www.japantimes.co.jp/business/2024/05/10/companies/j-power-coal-plants/

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China is losing its luster as a top country to invest in as firms seek to avoid geopolitical risks, according to a survey by European Union Chamber of Commerce in China. https://www.japantimes.co.jp/business/2024/05/10/companies/europe-china-investment-appetite-low/

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Nissan said Thursday that it nearly doubled its full-year net profit in 2023-24 but forecast a dip of around 10% for the current financial year. https://www.japantimes.co.jp/business/2024/05/09/companies/nissan-profit-doubles/

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Japan's Nippon Steel is sticking to its plan to finalize its $15 billion acquisition of U.S. Steel by year-end, despite political resistance. https://www.japantimes.co.jp/business/2024/05/09/companies/nippon-steel-deal-plan/

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Panasonic Energy's operating profit for the past business year fell short of its forecast due to lower electric vehicle battery production in Japan and a fall in sales of consumer products. https://www.japantimes.co.jp/business/2024/05/09/companies/panasonic-battery-unit-earnings/ #business #companies #panasonic #batteries #electricvehicles

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SoftBank Group is reportedly in talks to acquire Graphcore, a struggling British semiconductor startup once valued $2.8 billion (¥435.9 billion), according to people familiar with the matter. https://www.japantimes.co.jp/business/2024/05/09/companies/softbank-graphcore-acquisition/

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Toyota said that it posted a record net profit of ¥4.94 trillion ($31.9 billion) in the year to March thanks to foreign currency effects and brisk sales, notably of hybrid vehicles. https://www.japantimes.co.jp/business/2024/05/08/companies/toyota-posts-record-yearly-net-income-revenue/

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A Japanese startup says it aims to use artificial intelligence to help translate manga comics into English five times faster and 90% cheaper than at present. https://www.japantimes.co.jp/business/2024/05/08/companies/startup-to-use-ai-to-translate-manga/

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JFE Holdings plans to ramp up overseas investments as part of a long-term drive to double profits, Japan's No. 2 steelmaker said on Tuesday. https://www.japantimes.co.jp/business/2024/05/07/companies/jfe-overseas-investments-slow-growth/

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Nintendo said it will make an announcement about a highly anticipated new console by the end of March 2025 as sales decline of the hugely popular Switch, which is now in its eighth year. https://www.japantimes.co.jp/business/2024/05/07/companies/nintendo-switch-successor/

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Sony’s shares have fallen by the most in nearly three months after its $26 billion proposal to buy Paramount Global raised concerns among investors over how it plans to finance the deal. https://www.japantimes.co.jp/business/2024/05/07/companies/sony-share-falls/

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Nomura Holdings is targeting 20% revenue gains for its global markets unit over the next few years as the Japanese brokerage moves past close to a $3 billion hit from the Archegos Capital Management scandal with new initiatives to spur growth. https://www.japantimes.co.jp/business/2024/05/07/companies/nomura-revenue-target/

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Quantas has agreed to pay out AU$20 million between more than 86,000 customers who booked tickets on so-called "ghost flights" and pay an AU$100 million fine in an attempt to end a reputational crisis that has engulfed the airline. https://www.japantimes.co.jp/business/2024/05/06/companies/australia-qantas-flight-cancellation-case/

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Japan's Rapidus is stepping up efforts to start mass production of next-generation semiconductors in 2027. https://www.japantimes.co.jp/business/2024/05/06/companies/rapidus-preparation-focus/

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The intensifying scrutiny of Nippon Steel's bid to acquire U.S. Steel has called attention to the secretive interagency panel that could be the ultimate arbiter of the merger. https://www.japantimes.co.jp/business/2024/05/04/companies/us-nippon-steel-secret-panel/

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The Wall Street Journal will shift its Asia headquarters from Hong Kong to Singapore, it said on Thursday in a letter to staff members. https://www.japantimes.co.jp/business/2024/05/03/companies/wsj-asia-hq-hong-kong-singapore/

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Deutsche Bank plans to double the assets it manages for rich families in Southeast Asia and the Middle East over the next five years, tapping growing ties between ultrarich clans in both regions. https://www.japantimes.co.jp/business/2024/05/03/companies/deutsche-bank-hiring-push-asia/

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Nippon Steel postponed acquiring United States Steel until December from an initially planned September date due to a U.S. review of the deal. https://www.japantimes.co.jp/business/2024/05/03/companies/nippon-steel-us-steel-delay/

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Nomura Holdings and Mizuho Financial Group are facing more than $100 million of potential losses tied to a series of failed stock trades made by investment fund All Blue Capital. https://www.japantimes.co.jp/business/2024/05/03/companies/nomura-mizuho-face-losses-all-blue-capital-trading/

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