Yamazaki buys Kobeya's packaged bread business

Aug 26 (NHK) - Japan's leading baked goods company, Yamazaki Baking, is buying the packaged bread business of a smaller rival, Kobeya Baking.

The two companies signed the deal on Friday.

The business will be transferred by the end of February, 2023. The size of the deal has not been disclosed. Kobeya will retain its restaurant chain and other businesses.

Yamazaki hopes to take advantage of Kobeya's assets to increase manufacturing efficiency and strengthen sales in western Japan.

Bread companies in the country have been hit hard by soaring material prices, as well as the declining population.

USJ to Open 'Donkey Kong Country' in December

Universal Studios Japan (USJ) has announced that the new 'Donkey Kong Country' area will open on December 11th, expanding the 'Super Nintendo World' by 1.7 times.

Japan Plans to Raise Teacher Pay

Japan's Finance Ministry presented a plan on November 11th during the Fiscal System Council to gradually increase the 'teacher adjustment allowance' --currently awarded as a substitute for overtime pay -- from its current 4% of monthly salary to 10% over a span of five years.

Satellite Malfunction Leaves Japan Weather Images Unavailable

The Japan Meteorological Agency (JMA) is currently experiencing issues displaying images from the Himawari weather satellite on its official website. Efforts are underway to identify the cause and restore normal service, but the timeline for recovery remains unclear.

Watami Acquires Subway, Aims to Open 3,000 Stores in Japan

Major izakaya chain operator Watami has acquired Subway Japan in a large-scale acquisition it views as a 'second founding,' aiming to establish a foothold in the fast-food market.

Skytree Begins 'Real-Time Translator'

Tokyo Skytree has started a pilot project for a 'Real-Time Translator' that can display up to 100 languages.

MEDIA CHANNELS

MORE Business NEWS

Fender Teams Up with Hello Kitty for Special Guitar Line

Renowned guitar brand Fender has partnered with the beloved character Hello Kitty in a new collaboration.

Bankruptcies Surge in Japan with Growing Labor Shortages and Rising Costs

The number of corporate bankruptcies across Japan in October surpassed 900 cases, reaching a level not seen in 11 years.

Watami Acquires Subway, Aims to Open 3,000 Stores in Japan

Major izakaya chain operator Watami has acquired Subway Japan in a large-scale acquisition it views as a 'second founding,' aiming to establish a foothold in the fast-food market.

Semiconductor Leader Kioxia Eyes Tokyo Stock Exchange Listing by June

Kioxia Holdings, a major semiconductor firm, has announced plans to seek listing on the Tokyo Stock Exchange between next month and June of next year.

Namba’s Iconic Tsutenkaku Tower May Be Sold, Negotiations Underway

A proposal has emerged to sell the operating company of Tsutenkaku Tower, an iconic symbol of Osaka’s Shinsekai district. As inbound tourism rebounds in the post-pandemic era, questions are rising over the future of this popular landmark.

Japanese Companies Target China's Booming Pet Market

China is currently experiencing an unprecedented pet boom, with Japanese companies seizing the opportunity to promote pet-related products.

Nissan to Cut 9,000 Jobs Worldwide

Nissan Motor Co. has announced it will cut 9,000 jobs globally in response to declining business performance.

Cultivating Change in Japan's Agricultural Policy

During the regular Diet session in 2024, the Japanese government amended the Basic Law on Food, Agriculture and Rural Areas for the first time. The Basic Law was promulgated in 1999 and is the so-called ‘constitution of agricultural policy’ in Japan. (East Asia Forum)

< 2 3 4 5 >