thejapantimes, 6 days ago to business

Automaker Suzuki will halt production of cars and trucks in Thailand by the end of next year to focus resources on producing electric and hybrid vehicles elsewhere, the company said Friday. https://www.japantimes.co.jp/business/2024/06/07/companies/suzuki-thailand-halt/ #business #companies #suzuki #cars #trucks #carmakers #electricvehicles #hybrids #thailand

thejapantimes, 6 days ago to business

Sharp said Friday that it has signed a basic agreement to grant telecommunications carrier SoftBank Corp. exclusive negotiating rights for the partial sale of its Sakai plant in Osaka Prefecture. https://www.japantimes.co.jp/business/2024/06/08/companies/softbank-sharp-osaka-plant-acquire/ #business #companies #sharp #softbank

thejapantimes, 6 days ago to business

Voting at shareholder meetings in Japan may become more consequential if the decision by Japanese megabanks to divest their strategic holdings in Toyota Motor triggers a broader unwinding of cross-held shares among the country’s biggest companies. https://www.japantimes.co.jp/business/2024/06/08/companies/shareholder-votes-toyota/ #business #companies #toyota #stocks #mufg #sumitomomitsui #banks

thejapantimes, 7 days ago to business

Mitsubishi UFJ Financial Group units are facing potential penalties for sharing nonpublic information about client companies without their permission, people familiar with the matter said. https://www.japantimes.co.jp/business/2024/06/07/companies/mufg-client-data/ #business #companies #mufg #banks #brokerages #sesc #fsa

thejapantimes, 7 days ago to business

Two of Japan's biggest banks will start divesting ¥1.32 trillion ($8.5 billion) worth of strategic shareholdings in Toyota, sources said, as big businesses unwind their vast network of cross-held shares. https://www.japantimes.co.jp/business/2024/06/07/companies/banks-toyota-shareholdings/ #business #companies #toyota #stocks #mufg #sumitomomitsui #banks

thejapantimes, 7 days ago to business

Despite Russia's ongoing invasion of Ukraine, the Japan External Trade Organization hopes to aid the reconstruction of Ukraine's economy by backing moves among Japanese and Ukrainian companies to bolster ties. https://www.japantimes.co.jp/business/2024/06/07/companies/japan-firms-ukraine/ #business #companies #ukrainejapanrelations #ukraine #russiaukrainewar #aid

thejapantimes, 8 days ago to business

Japan's government will take measures to minimize economic damage caused by data falsification disclosed by five automakers this week, even as Toyota and Mazda suspend production of four vehicle models while investigations continue. https://www.japantimes.co.jp/business/2024/06/06/companies/toyota-shutdown/ #business #companies #toyota #mazda #daihatsu

thejapantimes, 8 days ago to business

Tokyo DisneySea launched its new Fantasy Springs area Thursday, an expansion featuring areas themed around "Frozen," "Tangled," and "Peter Pan," with multiple attractions and a high-end hotel. https://www.japantimes.co.jp/business/2024/06/06/companies/tokyo-disneysea-fantasy-springs-open/ #business #companies #disney #disneysea #themeparks #orientalland

thejapantimes, 8 days ago to business

Costco’s entry into a rural town in Gunma has forced local businesses to raise wages to compete, potentially sparking a broader economic revitalization. https://www.japantimes.co.jp/business/2024/06/06/companies/japan-costco-wage-hike-effects/ #business #companies #wages #costco #japaneseeconomy #gunma #inflation #retailers

thejapantimes, 8 days ago to business

Nvidia has become the first chipmaker ever to hit $3 trillion in market capitalization, overtaking Apple in the process. https://www.japantimes.co.jp/business/2024/06/06/companies/nvidia-3-trillion-apple/ #business #companies #nvidia #apple #tech #semiconductors

thejapantimes, 8 days ago to business

Alphabet named Eli Lilly & Co. executive Anat Ashkenazi as its new chief financial officer. Ashkenazi’s background in health care may play a part in boosting Alphabet’s reputation in a sector it's been trying to revolutionize for years. https://www.japantimes.co.jp/business/2024/06/06/companies/alphabet-eli-lilly-cfo-porat/ #business #companies #alphabet #elililly #ruthporat #socialmedia

thejapantimes, 8 days ago to business

Sumitomo aims to install 500 megawatts or more of battery storage in Japan by March 2031 to help mitigate renewable energy fluctuations and improve the efficiency of the energy system. https://www.japantimes.co.jp/business/2024/06/05/companies/sumitomo-battery-storage/ #business #companies #energy #sumitomo

thejapantimes, 9 days ago to business

A group of OpenAI insiders is blowing the whistle on what they say is a culture of recklessness and secrecy at the San Francisco artificial intelligence company. https://www.japantimes.co.jp/business/2024/06/05/companies/openai-insiders-reckless-dominance/ #business #companies #openai #ai #chatgpt #samaltman

thejapantimes, 9 days ago to business

Suntory Holdings has priced a $500 million bond, making the manufacturer one of only a few nonfinancial Japanese companies to tap the U.S. currency debt market this year. https://www.japantimes.co.jp/business/2024/06/05/companies/suntory-dollar-bond/ #business #companies #suntory #alcohol #bonds #investments

thejapantimes, 9 days ago to business

The safety requirements that led Toyota, Honda and other Japanese carmakers to falsify certification tests may be overly stringent and outdated given advancements in automobile design and technology, fueling calls for their review. https://www.japantimes.co.jp/business/2024/06/05/companies/cars-safety-requirements/ #business #companies #carmakers #toyota #honda #mazda #cars #mlit

thejapantimes, 9 days ago to business

Meta Platforms withheld information from federal regulators during their original reviews of the Instagram and WhatsApp acquisitions, the U.S. Federal Trade Commission said. https://www.japantimes.co.jp/business/2024/06/05/companies/meta-instagram-whatsapp-deals-ftc/ #business #companies #meta #instagram #whatsapp #ftc #socialmedia #facebook

thejapantimes, 10 days ago to business

As a probe into data tampering gets underway with Toyota, questions have emerged over whether Japan's regulatory standards for the automotive sector and their subjective interpretation might be hindering automakers in the face of global challenges. https://www.japantimes.co.jp/business/2024/06/04/companies/beattie-toyota-follow/ #business #companies #toyota #carmakers #daihatsu

thejapantimes, 11 days ago to business

Japan's top city gas supplier Tokyo Gas is looking to add more U.S. natural gas assets, its president said, as it aims to expand its gas-related businesses in North America after its recent acquisition of a U.S. shale gas producer. https://www.japantimes.co.jp/business/2024/06/03/companies/tokyo-gas-us-gas-assets/ #business #companies #tokyogas #rockcliffenergy #acquisitions

thejapantimes, 11 days ago to business

The transport ministry will inspect Toyota Motor's headquarters Tuesday following irregularities in model applications by Toyota and other carmakers. https://www.japantimes.co.jp/business/2024/06/03/companies/toyota-safety-misconduct/ #business #companies #toyota #cars #carmakers #daihatsu

thejapantimes, 11 days ago to business

Transportation companies in the Chugoku region are making adjustments to adhere to a new driver overtime cap introduced in April, with some seeing more success than others. https://www.japantimes.co.jp/business/2024/06/03/companies/japan-logistics-new-regulations/ #business #companies #hiroshima #trucks #freight #shipping

thejapantimes, 11 days ago to business

U.S. investment fund KKR is considering entering the private credit market in Japan to provide an alternative to bank loans. https://www.japantimes.co.jp/business/2024/06/03/companies/kkr-japan-private-credit/ #business #companies #kkr #investments #banks

thejapantimes, 12 days ago to business

As Japan plays host to a record influx of tourists, one of the country's more private attractions — the high-tech toilet — is becoming a must-have in luxury bathrooms worldwide. https://www.japantimes.co.jp/business/2024/06/02/companies/japan-high-tech-toilets-global/ #business #companies #toilets #toto #panasonic #lixil #kohler

thejapantimes, 14 days ago to business

Nissan has denied allegations that it continued to pressure its suppliers into slashing prices even after receiving a warning from Japan's fair trade regulator. https://www.japantimes.co.jp/business/2024/05/31/companies/nissan-suppliers-unfair-trade/ #business #companies #nissan #fairtradecommission #carmakers #suppliers

thejapantimes, 14 days ago to business

Nissan paid former Chief Operating Officer Ashwani Gupta ¥582 million ($3.7 million) to depart the company last year amid allegations of misconduct, people familiar with the matter said. https://www.japantimes.co.jp/business/2024/05/31/companies/nissan-ex-coo/ #business #companies #nissan #wages #ashwanigupta #carmakers #renault #mitsubishimotors

thejapantimes, 14 days ago to business

Ehime Prefecture is best known for hot springs, citrus fruit and cycling. It is also home to some savvy bond traders. https://www.japantimes.co.jp/business/2024/05/31/companies/iyogin-bank-bond-traders/ #business #companies #iyoginholdings #ehime #regionalbanks #bonds #investments