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A day after stepping into his new role, Toshiba Corp. President Satoshi Tsunakawa has cautioned that the company is still recovering from a bruising accounting scandal and faces a lengthy turnaround process. “We are not even at the halfway point yet,” Tsunakawa said in a group interview in Tokyo on ...

How do you know if you’ve got that winning smile? There’s an app for that. Japanese cosmetics firm Shiseido says it has come up with a system to rate a person’s smile by measuring facial movements. Users look into a tablet device with the app, and it gives them a ...

Japan’s $1.3 trillion Government Pension Investment Fund is suing Toshiba Corp. for losses on its investments after an accounting scandal sent the conglomerate’s shares plunging. GPIF is seeking damages of about ¥900 million, said Shinichirou Mori, a spokesman for the fund. The losses related to shares bought by GPIF’s external ...

Lifetime employment sounds like a great thing, but not if you hate where you work. That seems to be the plight of Japanese “salarymen” and “office ladies.” Only 22 percent of Japanese workers have “a great deal of trust” in their employers, which is way below the average of eight ...

The surprise departure of Nikesh Arora, heir apparent at SoftBank Group Corp., highlights a problem many Japanese companies face: passing the reins to a successor. SoftBank founder Masayoshi Son, 58, said Tuesday he wants to remain at the helm of the company he built from a computer software distributor into ...

Mitsubishi Motors Corp. is preparing to resume minivehicle production, possibly on July 4, company sources said Thursday. It suspended assembly of the vehicles at its Mizushima plant in Kurashiki, Okayama Prefecture, amid a scandal over falsified mileage figures in April. Of Mitsubishi’s three assembly plants in Japan, only Mizushima produces ...

Tokyo stocks rebounded Thursday as speculation grew that Britain will remain in the European Union. The Nikkei gained 172.63 points, or 1.07 percent, to finish at 16,238.35. On Wednesday, it lost 103.39 points. The Topix index closed up 14.10 points, or 1.10 percent, at 1,298.71, after falling 9.29 points the ...

Jack Domme, Hitachi Ltd. chief executive for the Americas, received ¥900 million in pay for fiscal 2015, far exceeding the remuneration of the firm’s other leaders, officials said Wednesday. Domme is the highest-paid Hitachi official on record, the company’s data show. In the same year, Chairman Hiroaki Nakanishi received ¥161 ...

The approval marks the first major Japanese electronics manufacturer to come under foreign ownership. The post Sharp shareholders approve Hon Hai takeover appeared first on The Japan Times.

Trading house Itochu Corp. and China’s CITIC Resources Holdings Ltd. are to kick off joint projects in oil and gas production. An agreement calls on Itochu and the unit of CITIC Ltd., a Chinese state-owned conglomerate, to pursue joint acquisitions of oil and gas exploration and production assets, Itochu said ...