Edition:
United Kingdom

Makiko Yamazaki

Sony rejects Loeb's proposal for chip business spin-off

17 Sep 2019

TOKYO Sony Corp said on Tuesday it was rejecting a call by Daniel Loeb's activist hedge fund Third Point LLC to spin-off its chips business, saying that the business is "a crucial growth driver" for the Japanese company.

Toyota using Tesla-style Panasonic batteries for China hybrids - sources

13 Sep 2019

TOKYO Toyota Motor Corp has started using the same type of battery that Panasonic Corp designed for Tesla Inc in some of its plug-in hybrids sold in China, sources familiar with the matter said.

Japan's curbs on high-tech materials exports to South Korea could backfire

30 Aug 2019

TOKYO/SEOUL Japan's curbs on exports of high-tech materials to South Korea could backfire in the long run, eroding its dominance over a key link in the global chip supply chain, suppliers and experts say.

Sony in $760 million Olympus stake sale after investor Loeb's prodding

29 Aug 2019

TOKYO Sony Corp is selling its 5% stake in Olympus Corp back to the Japanese medical equipment maker for 80.4 billion yen (£621.3 million), a move that Daniel Loeb's activist hedge fund Third Point LLC had called for.

Toyota pulls Suzuki firmly into its orbit through stake deal

28 Aug 2019

TOKYO Toyota Motor Corp and Suzuki Motor Corp will take small equity stakes in each other, the Japanese car makers said on Wednesday, as they seek to develop newer technologies and meet sweeping changes upending the global auto industry.

Apple supplier Japan Display's net worth negative after tenth quarterly loss

09 Aug 2019

TOKYO Cash-strapped Japan Display Inc reported a tenth consecutive quarterly loss and a negative net worth, hit by weak iPhone sales at Apple Inc, increasing the urgency for the firm to close a proposed bailout with a Chinese group.

Japan greenlights first South Korea export since July curbs, but with a warning

08 Aug 2019

SEOUL/TOKYO Japan has approved shipment of a high-tech material to South Korea for the first time since imposing export curbs last month, but doubled down on political pressure and warned it could broaden restrictions on deliveries to its Asian neighbour.

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