Despite logging a record net profit in the year to March, helped by the weak yen, Nintendo expects net profit to drop nearly 40% in the current financial year.
BUSINESS / Companies
May 7, 2024
Nintendo says announcement on Switch successor 'this fiscal year'
Players and investors have been hungry for news about a successor to the Switch, and the company said a statement was finally forthcoming.
Sony’s shares have dropped more than 5% this year, compared with a 16% gain in the Topix index, amid a global electronics slump.
BUSINESS / Companies
May 7, 2024
Sony shares fall as offer for Paramount spurs financing concerns
Investors are worried because the $26 billion proposal is larger than the Japanese electronics company's cash holdings.
Nomura Holdings is targeting 20% revenue gains for its global markets unit over the next few years.
BUSINESS / Companies
May 7, 2024
Nomura targets 20% revenue growth from global markets business
The target builds on last year's 8% growth and follows a two-year revamp of trading teams for its rates and fixed-income business in Asia and EMEA.
Quantas will pay out AU$20 million between more than 86,000 customers who booked tickets on the so-called "ghost flights" and pay an AU$100 million fine instead of defending the lawsuit that it had previously vowed to fight.
BUSINESS / Companies
May 6, 2024
Australia's Qantas to pay $79 million to settle flight cancellation case
The fine is the biggest ever for an Australian airline and among the largest globally in the sector.
A Rapidus factory under construction in Chitose, Hokkaido on April 26. The Tokyo-based chipmaker was set up with the aim to realize domestic production of state-of-the-art semiconductors.
BUSINESS / Companies / FOCUS
May 6, 2024
Rapidus gearing up for mass production of next-generation chips
About three years before the planned start of mass production, Rapidus faces a host of difficult challenges, especially over technology and profitability.
U.S. President Joe Biden speaks at the United Steelworkers Union headquarters in Pittsburgh, Pennsylvania, on April 17. Biden made clear that he does not want the proposed takeover of U.S. Steel by Japan’s Nippon Steel to happen.
BUSINESS / Companies
May 4, 2024
Political furor over Nippon Steel's U.S. Steel bid puts investment panel in spotlight
Backlash over the deal has echoes of the 1980s when Nippon Steel tried and failed to buy another American metal company.
The Singapore skyline. The Wall Street Journal will be shifting its Asia base to the city from Hong Kong.
BUSINESS / Companies
May 3, 2024
Wall Street Journal moves Asia base from Hong Kong to Singapore
The U.S. newspaper said its decision comes after other foreign firms have reconsidered their operations in the Chinese financial hub.

Longform

Rows of irises resemble a rice field at the Peter Walker-designed Toyota Municipal Museum of Art.
The 'outsiders' creating some of Japan's greenest spaces