Yoko's Feed
Mar 16, 2014

Honda aims to win fuel efficiency race in return to F-1

SUZUKA, Japan, March 16 (Reuters) – After a seven-year
hiatus, Honda Motor Co. is returning to the F-1
circuits next year, resolving to win more races – and learn how
to build “greener” cars.

Honda is particularly aiming to turn exhaust gas that is
mostly wasted in F-1 or conventional cars into energy. It is
technology that Honda’s F-1 chief, Yasuhisa Arai, says could
give Honda an edge with its mass-market cars.

Mar 11, 2014

Japan top firms to raise pay but benefit seen blunted by sales tax hike

TOKYO (Reuters) – Big Japanese companies such as Toyota Motor Corp will offer the most generous pay raises in years on Wednesday, but workers will still struggle to offset a sales tax increase, highlighting the difficulties the government is facing in overcoming entrenched deflation.

Toyota (7203.T: Quote, Profile, Research, Stock Buzz), Hitachi Ltd (6501.T: Quote, Profile, Research, Stock Buzz) and Panasonic Corp (6752.T: Quote, Profile, Research, Stock Buzz) will be among the firms announcing their responses to union pay demands after a year of soaring profits thanks to the weak yen and massive stimulus policies of Prime Minister Shinzo Abe.

Feb 22, 2014

Honda, lagging rivals, considers opening board to foreigners

TOKYO, Feb 22 (Reuters) – Honda Motor Co is
considering diversifying its all-Japanese, all-male board by
appointing a foreigner and could move as early as Monday, when
it unveils its next slate of directors, sources close to the
company said.

“I think we have to think quite seriously, and we are
thinking very, very seriously,” Honda Executive Vice President
Tetsuo Iwamura told Reuters when asked about naming a
non-Japanese to the board. He was speaking on the sidelines of a
plant opening in Celaya, Mexico, on Friday.

Feb 10, 2014

Nissan could sacrifice market share goal to boost profitability

YOKOHAMA, Japan (Reuters) – Nissan Motor Co (7201.T: Quote, Profile, Research, Stock Buzz) could sacrifice its global market share goal to reach its mid-term profitability target after slower-than-expected sales in its biggest markets left its profit margin the tightest among Japanese car makers.

Nissan’s six-year plan ending 2017, in which it aims to boost its market share to 8 percent from 6 percent, has been shaken by a Sino-Japanese diplomatic dispute knocking sales in China, and manufacturing difficulties hitting U.S. product launches.

Feb 5, 2014

Mazda, Mitsubishi see record annual profits, warn on Thailand

TOKYO, Feb 5 (Reuters) – Japan’s second-tier carmakers Mazda
Motor Corp and Mitsubishi Motors Corp are
expecting record level profits buoyed by a weaker yen after
years of being on the brink, but both warned about a slowdown in
Thailand.

Mazda on Wednesday raised its annual operating profit
forecast by 12.5 percent to 180 billion yen ($1.8 billion), in
line with expectations and higher than the record 162.1 billion
yen it booked four years ago before the Lehman crisis hit.

Feb 5, 2014

Mazda, Mitsubishi see record annual profits, warn on Thailand

TOKYO, Feb 5 (Reuters) – Japan’s second-tier carmakers Mazda
Motor Corp and Mitsubishi Motors Corp are
expecting record level profits buoyed by a weaker yen after
years of being on the brink, but both warned about a slowdown in
Thailand.

Mazda on Wednesday raised its annual operating profit
forecast by 12.5 percent to 180 billion yen ($1.8 billion), in
line with expectations and higher than the record 162.1 billion
yen it booked four years ago before the Lehman crisis hit.

Feb 4, 2014

Toyota says expects record annual profit, maintains outlook

TOKYO (Reuters) – Toyota Motor Corp (7203.T: Quote, Profile, Research, Stock Buzz) raised its operating profit forecast for the financial year by 9 percent to a record 2.4 trillion yen ($23.7 billion) as the yen, which has fallen against the dollar by some 9 percent this financial year, buoys profits of the export-oriented car maker.

The world’s best-selling automaker said on Tuesday it now expects to post 2.4 trillion yen in annual operating profit, up from its previous forecast of 2.2 trillion yen and higher than its pre-Lehman crisis record of 2.27 trillion yen from six years ago.

Feb 3, 2014

In trickle-down Abenomics, some Toyota suppliers come up dry

NAGOYA, Japan, Feb 3 (Reuters) – Toyota Motor Corp
is one of the conspicuous success stories of Japan’s radical
efforts to revive its economy, with profits rebounding and its
60,000 workers in Japan hoping this year to receive their first
base wage rise in six years.

But when the carmaker reports on Tuesday quarterly profits
that are likely to be nearly five times what it booked a year
ago, its continued revival will mask a much less optimistic mood
among the auto industry’s smaller firms.

Jan 31, 2014

Honda warns on emerging markets while aiming for record sales

TOKYO (Reuters) – Honda Motor Co (7267.T: Quote, Profile, Research, Stock Buzz) warned auto demand is cooling in emerging markets and especially Southeast Asia, but Japan’s third-biggest carmaker remained upbeat about its prospects and said it aims to sell a record 4.5 million vehicles or more in 2014.

Honda said new, smaller models would help it to maintain strong sales growth in some key emerging markets like Indonesia and India where industry-wide demand has been ebbing.

Jan 28, 2014

Toyota to curb Japan output in April as tax hike kicks in

TOKYO, Jan 28 (Reuters) – Toyota Motor Corp plans
to curb daily vehicle output in Japan by 15 percent in April
from a year earlier as it adjusts for a dampening of demand from
a national sales tax rise, a source familiar with its production
plans said on Tuesday.

The tax hike to 8 percent from 5 percent is widely expected
to spur a pickup in consumer spending before it goes into effect
on April 1, followed by a temporary slump when it kicks in.

    • About Yoko

      "Based in Tokyo since 2007, I have been covering politics in the world's third-biggest economy, as well as Japan's nuclear disaster, energy issues and diplomacy."
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