Kyodo Industry Brief (Feb. 28) -2-
(Japan Economic Newswire Via Acquire Media NewsEdge) TOKYO, Feb. 28 -- (Kyodo) _ ---------- Sharp to accept executives from banks
OSAKA - Struggling major Japanese electronics maker Sharp Corp. is making arrangements to accept executives from two major banks in April to secure their support, industry sources said. When Mizuho Corporate Bank and the Bank of Tokyo-Mitsubishi UFJ proposed sending executives to Sharp last summer, Sharp was reluctant to approve the proposal, which it thought would reduce its management options.
---------- Seven-Eleven to open 570 convenience stores in Shikoku
TOKUSHIMA, Japan - Major convenience store chain operator Seven-Eleven Japan Co. said it will open a combined 570 shops on the southwestern main island of Shikoku by February 2019, establishing a presence there for the first time in its corporate history. Seven-Eleven Vice President Kazuki Furuya told a news conference that 140 of the outlets will be opened in the island's four prefectures -- Kagawa, Tokushima, Ehime and Kochi -- by Feb. 28, 2014.
---------- Narita airport announces massive landing fee cuts
CHIBA, Japan - The operator of Narita International Airport said it will slash landing fees for new or additional international flights for three years from April 2013, reducing fees by more than half in some cases.
---------- Sony sells building in Tokyo for 111 bil. Yen
TOKYO - Sony Corp. said it has sold its Sony City Osaki office building in Tokyo and its premises to Nippon Building Fund Inc. and a Japanese institutional investor for 111.1 billion yen. After deducting costs related to the transaction, Sony received net cash proceeds of 110 billion yen, and expects to report a gain on the sale of about 41 billion yen as operating profit in the fourth quarter of the current fiscal year ending March 31.
---------- Toyota to hire 300 contract workers to meet stronger demand
NAGOYA - Toyota Motor Corp. will hire around 300 contract workers in Japan from mid-March through mid-April because new car sales are exceeding expectations, company officials said.
(NOTE: Corporate press releases are available on Japan Portal, a multilingual website powered by Kyodo News providing information about a wide range of topics and events in Japan. URL: http://www.japanportal.jp/industry/)
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