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November 24, 2024
 

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GMC Hummer electric vehicles on the production line at General Motors' Factory ZERO all-electric vehicle assembly plant in Detroit, Michigan, on Nov. 17.
BUSINESS / Companies
Nov 30, 2023

GM commits billions to shareholder returns as EV push stalls

"We have confidence in the cash generation of this company”
A Taiwan Semiconductor Manufacturing Co. semiconductor wafer. Osaka-based Fuso Chemical, which has gone into debt rather than raise prices, counts TSMC as one of its clients.
BUSINESS / Tech
Dec 4, 2023

Key maker of chip materials goes into debt rather than raise prices

Osaka-based Fuso Chemical is bearing the cost to help churn out bigger volumes of sophisticated chips without asking customers for more.
A woman sits on a swing attached to a giant McDonald's sign outside its themed exhibition in Beijing on Monday.
BUSINESS
Dec 4, 2023

McDonald’s raises China bet amid Western derisking trend

The move contrasts sharply with the prevailing trend of multinational corporations reeling back investments in China or even exiting altogether.
A man holding a child crosses a damaged bridge after Typhoon Doksuri, in Zhuozhou, China, on Aug. 7.
BUSINESS / Markets
Dec 12, 2023

Storm assault on Chinese ports a wake-up call for climate risks

Typhoon Doksuri delivered Beijing's worst flooding in more than 50 years, shuttering factories, collapsing homes and displacing tens of thousands.
The construction of TSMC’s new plant in Kikuyo, Kumamoto Prefecture, has seen companies anticipating expanded collaborations with the semiconductor firm grow keen to establish footholds in the area.
BUSINESS / Tech
Dec 19, 2023

Semiconductor projects in Japan whip up local optimism

Companies anticipating expanded collaborations with TSMC are keen to establish footholds in the area around its new plant in Kikuyo, Kumamoto Prefecture.
A worker inspects semiconductor chips at a chip-packaging plant in Ipoh, Malaysia, in 2021. Malaysia currently accounts for 13% of the global market for semiconductor packaging, assembly and testing.
BUSINESS / Tech
Dec 18, 2023

Chinese firms look to Malaysia to assemble high-end chips

Dearth of advanced chip-packaging services in China leads firms to venture abroad amid U.S. sanctions.
Takahito Tokita, chief executive officer at Fujitsu, speaks during an interview at the company's headquarters in Tokyo on Wednesday.
BUSINESS / Companies
Dec 22, 2023

Fujitsu speeds aircon deal as it aims for ¥700 billion boost from AI

The urgency to close the deal rises amid growing geopolitical and economic uncertainty.
After suffering a bruising loss this week in Delaware's Chancery Court that voided his $56 billion pay package, Musk said that Tesla would "move immediately to hold a shareholder vote to transfer state of incorporation to Texas."
BUSINESS / Companies / ANALYSIS
Feb 2, 2024

Shifting Tesla incorporation to Texas may not give Musk what he wants

Musk is not the first corporate leader to suffer a loss in a Delaware court and question the state's position on companies.
Seven & I Holdings CEO Ryuichi Isaka
BUSINESS / Companies
Feb 7, 2024

Japan’s convenience stores can span the globe, 7-Eleven CEO says

Ryuichi Isaka believes Seven-Eleven Japan’s know-how in making cheap, high-quality food will drive growth overseas.
Trucks are seen as Ukrainian hauliers take part in an round-the-clock counter-demonstration against the blockade of the border by Polish protesters on Feb. 20.
BUSINESS / Companies
Mar 1, 2024

Companies in Ukraine see problems pile up, but most tough it out

"The war has taught us to respond flexibly"
Execs at four major Japanese insurers, including Tokio Marine & Nichido Fire Insurance, will take pay cuts over price fixing.
BUSINESS / Companies
Mar 1, 2024

Four general insurance firms punish 132 people over price-fixing

The four general insurers, including Tokio Marine & Nichido Fire Insurance, also submitted business improvement plans to the Financial Services Agency.
Elon Musk arrives at the U.S. Capitol in Washington to participate in the A.I. Forum in September of last year.
BUSINESS
Mar 2, 2024

Elon Musk sues OpenAI and Sam Altman for violating the company’s principles

Musk sued OpenAI and its CEO, Sam Altman, accusing them of breaching a contract by putting profits ahead of the public good.
SMBC Nikko Securities has set up an alumni organization for former employees to interact and share their experiences.
BUSINESS / Companies / FOCUS
Mar 4, 2024

As more move midcareer, Japan firms tap former hires with alumni networks

As well as seeking business opportunities, companies also recognize the value of rehiring individuals with expertise and skills gained elsewhere.
A worker at Nakamatsu Meat speaks to an Alexa-powered device at its factory in Uruma, Okinawa Prefecture, in November. At the factory, workers give production updates to Alexa, which then converts this into data that is compiled in the company's computer.
BUSINESS / Companies / Regional Voices: Okinawa
Mar 11, 2024

Okinawa meat shop uses tech to improve efficiency and raise wages

Nakamatsu Meat's digitalization enabled it to cut its factory operating time and optimize raw material purchases.
Goldman Sachs is exiting transaction banking in Japan, less than a year after announcing plans to enter the business
BUSINESS / Companies
Mar 8, 2024

Goldman Sachs exits Japan transaction banking in sudden reversal

The bank will remain focused on growing its transaction banking operations in the U.S., U.K. and European Union, according to a spokesperson for the firm.
Dating back to its time as a marginal player in the personal computer market, Apple's business model has long been based on charging users a premium for technology products where the company dictates nearly all of the details of how the device works and can be used.
BUSINESS / Companies
Mar 22, 2024

Apple accused of monopolizing smartphone markets in U.S. antitrust lawsuit

The suit seeks to free markets from the iPhone maker's "anticompetitive and exclusionary conduct and restoring competition to lower prices for consumers."
General Secretary and Chinese President Xi Jinping arrives for a news event with members of the new Standing Committee of the Political Bureau of the Communist Party of China and Chinese and Foreign journalists at The Great Hall of People in October 2022 in Beijing.
BUSINESS / Economy
Mar 27, 2024

Xi meets with U.S. CEOs in push to restore confidence in China’s economy

Whipsawing tensions with Washington, a shaky economic recovery and raids on consulting firms have damped investor enthusiasm.
In an emergency move, Bob Iger returned to Disney in November 2022, just 11 months after retiring, to rescue the company from his hand-picked successor as CEO, Bob Chapek.
BUSINESS / Companies
Apr 4, 2024

Hunt for Disney CEO Bob Iger's successor kicks into high gear

Board members are seeking to reassure investors that they are taking the matter of succession seriously, having extended Iger's retirement date five times.
Speculation has been swirling for months over the fate of Ito-Yokado, which was Seven & I's original retail franchise before it bought 7-Eleven and turned it into a large, successful business.
BUSINESS / Companies
Apr 10, 2024

Seven & I set to split 7-Eleven from original Ito-Yokado stores

Ito-Yokado was the company’s original franchise before it bought 7-Eleven and turned it into a successful business.
Buyers inside an exhibition hall at the Canton Fair in Guangzhou on April 17.
BUSINESS / Companies
Apr 24, 2024

China’s prices are just too low for buyers to sweat about tariffs

Many buyers at China’s biggest trade event in the southern city of Guangzhou shrugged off the risk of an escalating trade war with the U.S.
Mitsuko Tottori became Japan Airlines’ first female CEO on April 1, having risen through the ranks as a flight attendant and heading the flight attendant and customer experience divisions.
BUSINESS / Companies
Apr 25, 2024

New JAL chief concerned about yen’s ‘excessive’ weakness

While a weaker currency helps spur inbound tourism, it is curbing demand for overseas travel for people in Japan, Mitsuko Tottori says.
Spectators gather on South Padre Island to watch the planned launch of SpaceX's next-generation Starship spacecraft from the company's Boca Chica launchpad, near Brownsville, Texas, on March 14.
BUSINESS / Companies
May 14, 2024

Musk's SpaceX is quick to build in Texas, slow to pay its bills

Unpaid bills and finger-pointing among contractors have led many construction-industry businesses to file liens against SpaceX properties.
Sony Group is missing analyst expectations for sales as demand for its PlayStation 5 hardware wanes.
BUSINESS / Companies
May 15, 2024

Sony sales outlook misses estimates on waning demand for PS5s

Shares in Sony have been under pressure this month amid mounting speculation about the terms of its potential $26 billion bid for Paramount Global.
Tesla's charging network is widely viewed as a signature achievement for the EV maker and a key driver of its sales. Tesla Superchargers account for more than 60% of U.S. high-speed charging ports, federal statistics show.
BUSINESS / Companies
May 16, 2024

The inside story of Elon Musk’s mass firings of Tesla Supercharger staff

Former charging chief met Musk expecting the go-ahead for a massive expansion of the charging network, but ended up getting fired along with her 500-member team.
Toshiba announced on Thursday that it would cut up to 4,000 jobs as part of a restructuring plan.
BUSINESS / Companies
May 17, 2024

Toshiba takes advantage of private status to chart new course

The company has announced that it will cut up to 4,000 jobs as part of a restructuring.
Catherine Wallace
COMMUNITY / Our Lives / The Big Questions
May 27, 2024

Hitotsubashi’s Catherine Wallace on business ethics

Active in cross-cultural collaboration, innovation and sustainability, Wallace worked as a diplomat and is now a professor at Hitotsubashi University
Wanxiang America’s Neapco manufacturing plant in Belleville, Michigan
BUSINESS / Companies
May 29, 2024

Once embraced, Chinese companies now shunned in U.S. on security fears

It doesn’t matter if it’s mining or health care, even Chinese furniture could one day be seen as a national security issue, a lawyer who represents Chinese clients said.
Sumitomo says it is aiming to install 500 megawatts or more of battery storage in Japan by March 2031.
BUSINESS / Companies
Jun 5, 2024

Sumitomo aims to install 500 MW of battery storage in Japan by 2031

The initiative is part of the trading house's broader efforts to bolster its energy transformation business.
Japan is the only country in the world that still enforces a same-surname rule for married couples, according to Keidanren research.
JAPAN / Society
Jun 10, 2024

Japan should let married women keep names, main business lobby says

Keidanren said in a proposal that the government should quickly present legislation allowing for surname choice to parliament.
The Securities and Exchange Surveillance Commission on Friday recommended administrative action against MUFG Bank and two brokerage units of Mitsubishi UFJ Financial Group for sharing nonpublic information on client companies without their permission.
BUSINESS / Companies
Jun 14, 2024

Watchdog backs penalties over sharing of Mitsubishi UFJ client data

The Securities and Exchange Surveillance Commission said that MUFG's banking and securities units had engaged in unauthorized sharing of information.
U.S. aircraft carrier returns to Japan carrying navy’s ‘most capable fighter’
U.S. 7th Fleet Commander Vice Adm. Fred Kacher speaks to reporters shortly after the arrival of aircraft carrier USS George Washington at Yokosuka naval base in Kanagawa Prefecture on Friday.
Japan approves ¥21.9 trillion stimulus plan
The policy chiefs of the Democratic Party for the People, Liberal Democratic Party and Komeito — Makoto Hamaguchi (left), Itsunori Onodera (center) and Mitsunari Okamoto — shake hands after reaching an agreement on an economic stimulus package on Wednesday.
Japan will spend ¥325 million in government funds on Princess Yuriko's funeral
Princess Yuriko waves during the New Year's public greeting at the Imperial Palace in Tokyo in January 2019.
MUFG fires worker over ¥2 billion theft from clients’ safe deposit boxes
Mitsubishi UFJ Financial Group is investigating the incident and consulting with the police.
China reinstates visa-free travel for Japanese nationals
Beijing Daxing International Airport
Shohei Ohtani wins National League MVP award
Shohei Ohtani celebrates after hitting a three-run home run against the Padres during the National League Division Series at Dodger Stadium in Los Angeles last month.
The slow-burn success of ‘A Samurai in Time’
A 19th-century warrior gets struck by lightning and wakes to find himself in 21st-century Kyoto in Junichi Yasuda’s surprise hit “A Samurai in Time.”
Around a quarter of Japan married couples in their 20s met through dating apps
A survey released by an organization promoting “Good Couples Day” shows that 24% of couples in their 20s met their marriage partner through a dating app.
'Tokyo Swindlers': Get deep into the minds of real estate con artists
In Ko Shinjo's "Tokyo Swindlers," a group of con artists manipulates real estate giants into falsified deals within the highly competitive, quick market.
Japan, U.K. and Italy discuss inviting more countries to joint fighter project
A new concept model of a next-generation fighter jet to be jointly developed by Japan, Britain and Italy is on display in Farnborough, Hampshire, in July.

Podcast

One of the many entrances to the Kabukicho neighborhood in Tokyo’s Shinjuku Ward.
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Longform

Construction takes place on the Takanawa Gateway Convention Center in Tokyo, slated to open in 2025.
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