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Panasonic vows 1 tril. yen investment toward FY 2018 sales goal

TOKYO, March 26 Kyodo - Kazuhiro Tsuga, president of Panasonic Corp., briefs reporters on the company's business plan for the fiscal year through March 2016 in Tokyo on March 26, 2015. Tsuga said Panasonic Corp. will spend 1 trillion yen ($844 billion) to carry out "strategic investment" projects centering on mergers and acquisitions, to increase annual sales to 10 trillion yen by fiscal 2018.

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PanaHome eyes $233 mil. sales in Southeast Asia in FY2018

OSAKA, Japan - PanaHome Corp. President Yasuteru Fujii speaks in an interview in Kuala Lumpur, Malaysia, on Oct. 16, 2014. He said the company aims to boost annual sales in Southeast Asia to 25 billion yen (about $233 million) in fiscal 2018 from the current level of some 1 billion yen.

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Panasonic's home rain gutters

OSAKA, Japan - Panasonic Corp.'s residential rain gutters are shown in Ritto, Shiga Prefecture, on June 19, 2014. The company announced a plan to expand the sales of rain gutter products to 30 billion yen in fiscal 2018, 1.5 times of fiscal 2013.

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Starbucks opens 6,000th store in Chinese mainland

STORY: Starbucks opens 6,000th store in Chinese mainland DATELINE: Sept. 29, 2022 LENGTH: 00:01:11 LOCATION: SHANGHAI, China CATEGORY: ECONOMY SHOTLIST: 1. various of Starbucks stores 2. various of Shanghai STORYLINE: Starbucks Tuesday celebrated its 6,000th store in the Chinese mainland, located in downtown Shanghai. Starbucks China said Shanghai thus became the first city in the world to have 1,000 Starbucks stores. In 2018, Starbucks announced it would have 6,000 stores on the Chinese mainland by the end of its fiscal year in September 2022. The company achieved that as scheduled despite challenges, including the COVID-19 pandemic. Starbucks opened its first store on the Chinese mainland in January 1999 in Beijing. The number of Starbucks stores on the Chinese mainland has grown dramatically over the past decade and is expected to grow to 9,000 by 2025, creating 35,000 new jobs. Starbucks China also revealed a plan to set up its first digital technology innovation center on the Chinese mainland ove

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Yumemi Shigemi (left), president of Yumemi, and Kubo, chairman and president of EDION

On April 23, EDION announced that it had acquired all shares of Yumemi (Yodogawa Ward, Osaka City), which operates a children's programming school called "Robodan," making it a subsidiary. The company said the shares were acquired from Akinori Shigemi, president of Yumemiru, and venture capitalists. In December 2018, EDION entered the robot programming education business for elementary and junior high school students, accelerating the expansion of the business in anticipation of making programming education compulsory in elementary schools from fiscal 2008. The amount of the stock acquisition is estimated to be around 1 billion yen. Photo taken on December 23, 2019, location unknown, credit: Nikkan Kogyo Shimbun / Kyodo News Images

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Panasonic's FY 2015 net profit up 7.7% on restructuring efforts

Kazuhiro Tsuga, president of Panasonic Corp., briefs reporters on the company's group financial results for the fiscal 2015 during a press conference in Tokyo on April 28, 2018. (Kyodo) ==Kyodo

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Panasonic India sets sales target of $3 bil. by 2018

Manish Sharma, president and chief executive officer of Panasonic India and South Asia, speaks during an interview with Kyodo News in New Delhi on April 4, 2016. Sharma, who also serves as an executive officer of Panasonic Corp., said his company will target $3 billion in sales by 2018, two and half times the level in fiscal 2015. (Kyodo) ==Kyodo

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Panasonic drops 10 tril. yen sales target in FY 2018

Kazuhiro Tsuga, president of Panasonic Corp., briefs reporters on the company's business strategy during a press conference in Tokyo on March 31, 2016. Tsuga said his company dropped its goal of achieving 10 trillion yen ($89 billion) in sales in fiscal 2018. (Kyodo) ==Kyodo

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Nissan to boost domestic production amid weak yen

Hiroto Saikawa (R), chief competitive officer of Nissan Motor Co., and Fukuoka Gov. Hiroshi Ogawa (C) attend an event at Nissan Motor Kyushu Co.'s plant in Kanda Town, Fukuoka Prefecture, Japan, on July 9, 2015, to commemorate the factory's cumulative output topping 15 million vehicles. Nissan disclosed the same day that it will increase its domestic production to over 1.1 million units around fiscal 2018 from about 870,000 units in fiscal 2014. (Kyodo) ==Kyodo

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Panasonic eyes doubling overseas, new lighting gear sales in FY 2018

Senior Vice President Makoto Kitano of Panasonic Corp.'s Eco Solutions Company speaks at a press conference in Tokyo on May 26, 2015. The electronics giant envisages doubling the combined sales of its overseas and new lighting gear businesses to 160 billion yen ($1.30 billion) in fiscal 2018 over the fiscal 2014 level. (Kyodo) ==Kyodo

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Revamp of Hiroshima peace museum discussed

A-bomb survivors and experts discuss in Hiroshima on Jan. 27, 2015, what will be exhibited and the planned creation of a zone to feel the horrors of the World War II atomic blast at the Hiroshima Peace Memorial Museum in the western Japan city, now closed for renovation until fiscal 2018. (Kyodo) ==Kyodo

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SoftBank

File photo taken in April 2018 shows a building housing the head office of SoftBank Group Corp. in Tokyo. The company said on April 13, 2020, that it expects to suffer a net loss of 750 billion yen in fiscal 2019 due to a decrease in the value of its investments in companies due to the coronavirus pandemic. (Kyodo) ==Kyodo

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Hospital solicits donations for clean rooms via crowdfunding

Kimikazu Matsumoto, head of the Children's Cancer Center, talks about aseptic rooms in Tokyo on July 5, 2017. To cope with an increasing number of cancer patients, the center is soliciting donations from companies and hopes to begin designing such rooms in fiscal 2018. (Kyodo) ==Kyodo

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Completion of nuclear fuel-reprocessing plant to be delayed by 2 years

Kenji Kudo, president of Japan Nuclear Fuel Ltd., announces at a press conference in Aomori, northern Japan, on Nov. 16, 2015, that completion of a nuclear fuel-reprocessing plant in Rokkasho village will be postponed by about two years until the first half of the fiscal year beginning April 2018. (Kyodo) ==Kyodo

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Completion of nuclear fuel-reprocessing plant to be delayed by 2 years

Rokkasho village mayor Mamoru Toda (R) receives notification from Japan Nuclear Fuel Ltd. Senior Executive Vice President Junichi Ishihara in Rokkasho on Nov. 16, 2015, that completion of a nuclear fuel-reprocessing plant in the northeastern Japanese village will be postponed by about two years until the first half of the fiscal year beginning April 2018. (Kyodo) ==Kyodo

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Panasonic's home rain gutters

OSAKA, Japan - Panasonic Corp.'s residential rain gutters are shown in Ritto, Shiga Prefecture, on June 19, 2014. The company announced a plan to expand the sales of rain gutter products to 30 billion yen in fiscal 2018, 1.5 times of fiscal 2013. (Kyodo)

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Facial recognition system launched at Haneda airport

Returning travelers line up to pass through automated facial recognition gates newly launched at Haneda airport in Tokyo on Oct. 18, 2017. Japan plans to introduce such gates at Narita, Chubu, Kansai and Fukuoka airports in fiscal 2018. (Kyodo) ==Kyodo

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Replica of 17th century Japanese ship dispatched to Europe

Photo taken in December 2018 shows a replica of the Sant Juan Bautista, a ship said to have been dispatched to Europe by Sendai-based feudal lord Date Masamune in 1613 for a trade mission, at Miyagi Sant Juan Bautista Museum in the northeastern Japan city of Ishinomaki. The real scale replica, constructed in 1993, will be dismantled from fiscal 2021 as its condition has deteriorated following the March 2011 tsunami. (Kyodo) ==Kyodo

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Kyushu shinkansen

File photo taken at Central Japan Railway Co.'s factory in Hamamatsu, central Japan, in October 2018, shows a test run of the N700S shinkansen bullet train, which will be used on a section of the Kyushu shinkansen route linking Fukuoka and Nagasaki, set to open in fiscal 2022. (Kyodo) ==Kyodo

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"Baby hatch" in Japan

File photo taken Dec. 15, 2017, shows Jikei Hospital in Kumamoto, western Japan. The Kumamoto city government announced May 27, 2019, that a "baby hatch" set up at the hospital to allow parents who cannot raise their infants to leave them anonymously accepted seven babies in fiscal 2018. (Kyodo) ==Kyodo

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Sony CFO Totoki

Sony Corp. Chief Financial Officer Hiroki Totoki meets the press in Tokyo on Feb. 1, 2019, in announcing upgrading of the Japanese electronics and entertainment group's earnings estimate for fiscal 2018. (Kyodo) ==Kyodo

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Sony CFO Totoki

Sony Corp. Chief Financial Officer Hiroki Totoki meets the press in Tokyo on Feb. 1, 2019, in announcing upgrading of the Japanese electronics and entertainment group's earnings estimate for fiscal 2018. (Kyodo) ==Kyodo

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Sony CFO Totoki

Sony Corp. Chief Financial Officer Hiroki Totoki meets the press in Tokyo on Feb. 1, 2019, in announcing upgrading of the Japanese electronics and entertainment group's earnings estimate for fiscal 2018. (Kyodo) ==Kyodo

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Sony CFO Totoki

Sony Corp. Chief Financial Officer Hiroki Totoki meets the press in Tokyo on Feb. 1, 2019, in announcing upgrading of the Japanese electronics and entertainment group's earnings estimate for fiscal 2018. (Kyodo) ==Kyodo

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Toshiba CEO Kurumatani

Toshiba Corp. Chairman and CEO Nobuaki Kurumatani speaks at a press conference in Tokyo on Nov. 8, 2018, about the company's five-year business plan through fiscal 2023. (Kyodo) ==Kyodo

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Toshiba CEO Kurumatani

Toshiba Corp. Chairman and CEO Nobuaki Kurumatani speaks at a press conference in Tokyo on Nov. 8, 2018, about the company's five-year business plan through fiscal 2023. (Kyodo) ==Kyodo

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Toshiba CEO Kurumatani

Toshiba Corp. Chairman and CEO Nobuaki Kurumatani speaks at a press conference in Tokyo on Nov. 8, 2018, about the company's five-year business plan through fiscal 2023. (Kyodo) ==Kyodo

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Toshiba CEO Kurumatani

Toshiba Corp. Chairman and CEO Nobuaki Kurumatani is pictured after a press conference in Tokyo on Nov. 8, 2018, where he announced the company's five-year business plan through fiscal 2023. (Kyodo) ==Kyodo

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New gov't aircraft arrives in Hokkaido

Photo taken on Aug. 17, 2018, shows a new Japanese government jet, a Boeing 777-300ER, near an All Nippon Airways Co. plane at New Chitose Airport in Hokkaido. The government plane will enter into service from the country's fiscal year starting in April 2019. (Kyodo) ==Kyodo

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New gov't aircraft arrives in Hokkaido

A new Japanese government airplane, a Boeing 777-300ER, arrives at New Chitose Airport in Hokkaido on Aug. 17, 2018. The plane will enter into service from the country's fiscal year starting in April 2019. (Kyodo) ==Kyodo

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New gov't aircraft arrives in Hokkaido

A new Japanese government airplane, a Boeing 777-300ER, arrives at New Chitose Airport in Hokkaido on Aug. 17, 2018. The plane will enter into service from the country's fiscal year starting in April 2019. (Kyodo) ==Kyodo

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New Japanese gov't aircraft

People gather to see a new Japanese government jet, a Boeing 777-300ER, at the Air Self-Defense Force's Chitose Base in Hokkaido on Aug. 17, 2018. The plane will enter into service from the country's fiscal year starting in April 2019. (Kyodo) ==Kyodo

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Gov't panel proposal

Prime Minister Shinzo Abe (L) speaks during a meeting of the government's Council on Economic and Fiscal Policy in Tokyo on May 28, 2018. (Kyodo) ==Kyodo

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Sony officials

Sony Corp. President Kenichiro Yoshida (2nd from L) and other company officials hold a press conference in Tokyo on May 22, 2018, to announce the company's three-year business strategy through fiscal 2020. (Kyodo) ==Kyodo

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Sony President Yoshida

Sony Corp. President Kenichiro Yoshida holds a press conference in Tokyo on May 22, 2018, to announce the company's three-year business strategy through fiscal 2020. (Kyodo) ==Kyodo

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Sony President Yoshida

Sony Corp. President Kenichiro Yoshida holds a press conference in Tokyo on May 22, 2018, to announce the company's three-year business strategy through fiscal 2020. (Kyodo) ==Kyodo

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Sony President Yoshida

Sony Corp. President Kenichiro Yoshida holds a press conference in Tokyo on May 22, 2018, to announce the company's three-year business strategy through fiscal 2020. (Kyodo) ==Kyodo

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Sony President Yoshida

Sony Corp. President Kenichiro Yoshida holds a press conference in Tokyo on May 22, 2018 to announce the company's three-year business strategy through fiscal 2020. The president unveiled a plan to make EMI Music Publishing a subsidiary by acquiring a 60 percent stake in the company that owns or administers 2 million songs. ==Kyodo

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Sony President Yoshida

Sony Corp. President Kenichiro Yoshida holds a press conference in Tokyo on May 22, 2018 to announce the company's three-year business strategy through fiscal 2020. The president unveiled a plan to make EMI Music Publishing a subsidiary by acquiring a 60 percent stake in the company that owns or administers 2 million songs. ==Kyodo

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Subaru's president

Yasuyuki Yoshinaga, president of Subaru Corp., speaks during a briefing session on its earnings results for fiscal 2017 in Tokyo on May 11, 2018. (Kyodo) ==Kyodo

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Subaru's president

Yasuyuki Yoshinaga, president of Subaru Corp., speaks during a briefing session on its earnings results for fiscal 2017 in Tokyo on May 11, 2018. (Kyodo) ==Kyodo

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Toyota Motor's president

Toyota Motor Corp. President Akio Toyoda speaks at a press conference in Tokyo on May 9, 2018, about the automaker's earnings results for fiscal 2017. (Kyodo) ==Kyodo

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Toyota Motor's president

Toyota Motor Corp. President Akio Toyoda speaks at a press conference in Tokyo on May 9, 2018, about the automaker's earnings results for fiscal 2017. (Kyodo) ==Kyodo

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Toyota Motor's president

Toyota Motor Corp. President Akio Toyoda (C) speaks at a press conference in Tokyo on May 9, 2018, about the automaker's earnings results for fiscal 2017. (Kyodo) ==Kyodo

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Softbank earnings briefing

Masayoshi Son, CEO of Softbank Group Corp., speaks during a briefing session on its earnings results for fiscal 2017 in Tokyo on May 9, 2018. (Kyodo) ==Kyodo

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Toyota president

Toyota Motor Corp. President Akio Toyoda speaks at a press conference in Tokyo on May 9, 2018, about the automaker's earnings results for fiscal 2017. (Kyodo) ==Kyodo

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Toyota earnings briefing

Toyota Motor Corp. Senior Managing Officer Masayoshi Shirayanagi speaks at a press conference in Tokyo on May 9, 2018, about the automaker's earnings result for fiscal 2017. (Kyodo) ==Kyodo

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Japan enacts record 97.71 tril. yen budget for FY 2018

Japanese Finance Minister Taro Aso speaks to reporters in Tokyo on March 28, 2018, after parliament enacted a record 97.71 trillion yen ($926 billion) budget for fiscal 2018. (Kyodo) ==Kyodo

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Japan enacts record 97.71 tril. yen budget for FY 2018

Japanese Prime Minister Shinzo Abe speaks to reporters in Tokyo on March 28, 2018, after parliament enacted a record 97.71 trillion yen ($926 billion) budget for fiscal 2018. (Kyodo) ==Kyodo

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Japan enacts record 97.71 tril. yen budget for FY 2018

Japan's parliament enacts a record 97.71 trillion yen ($926 billion) budget for fiscal 2018 at a plenary session of the House of Councillors in Tokyo on March 28, 2018. (Kyodo) ==Kyodo