Japanese retail tycoon Ryuji Arai can thank a growing flock of Chinese spenders for his swelling fortune. Bic Camera Inc., the Tokyo-based consumer electronics retailer that sells everything from cosmetics to liquor at discounted prices, has become a sought-after destination for tourists shopping in Japan. ...
By last November, Hirotaka Yokota had finally had enough. He told Yamato Transport that his drivers would no longer ferry packages. The nation's largest parcel carrier was working them into the ground, with a surging volume of packages from online retailers such as Amazon.com to ...
The most-shorted stock on Japan's Nikkei 225 Stock Average, a shipping line, is facing rough seas again. As Kawasaki Kisen Kaisha's annual shareholder meeting approaches on June 23, attention is focusing on whether its president and chief executive officer, Eizo Murakami, will win re-election. That's ...
BITPoint Japan, the company behind Peach Aviation's move to let travelers use bitcoin to pay for tickets, is planning to give hundreds of thousands of retail outlets the ability to accept the digital currency. "We're holding discussions with a retail-related company," Genki Oda, BITPoint's president, ...
Mitsubishi Heavy Industries has cut the number of workers on its turbocharger production lines west of Tokyo by more than 80 percent, as manufacturers from carmakers to electronics producers push further into automation. Such advances explain why Japan's factory productivity growth ranked highest among Group ...
Konami Holdings Corp., which supplies slot machines to some of the world's biggest casinos, will participate in Japan's gaming industry if the regulations are as strict as those in Las Vegas. Satoshi Sakamoto, a senior executive director at Konami, said an industry with a good ...
Westinghouse Electric Co., once synonymous with America's industrial might, wagered its future on nuclear power — and lost. Now a unit of Japanese technology giant Toshiba Corp., Westinghouse filed for bankruptcy-court protection, citing as much as $10 billion in debt. The move marks the end of ...
Hitachi Ltd. is aiming to expand its rail business in the U.S. by bidding for streetcar and light-rail projects as President Donald Trump pledges to spend as much as $1 trillion to upgrade infrastructure across the country. The Japanese conglomerate "sees quite a big opportunity" ...
Kimi Takura quit his fast-paced job as a deliveryman when he was 22 after he was hospitalized for a month with exhaustion. Out of work, he sold his much-loved Jaguar car, bought a secondhand bus and started a one-man business catering to Taiwanese tourists. He ...
In Japan, where bonds can yield less than zero percent, a bullet train operator planning a ¥392 billion ($3.8 billion) share sale is promising investors dividend returns that would beat most of the nation's stocks. State-owned Kyushu Railway Co., also known as JR Kyushu, which ...
