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Kyodo Industry Brief (Aug. 28)
[August 28, 2014]

Kyodo Industry Brief (Aug. 28)

(Japan Economic Newswire Via Acquire Media NewsEdge) ---------- Otsuka Pharmaceutical to buy largest Brazilian health food maker TOKYO - Otsuka Pharmaceutical Co. said Thursday it has concluded a deal to acquire Jasmine, the largest Brazilian health and functional food company, with the aim of expanding its business in South America.

---------- Panasonic to sell office service unit OSAKA - Electronics manufacturer Panasonic Corp. plans to sell its office service unit for several tens of billions of yen by March 2015 under its group streamlining plan, industry sources said Thursday.

---------- JAL to buy 32 Mitsubishi Regional Jets: sources TOKYO - Japan Airlines Co. plans to place orders for 32 Mitsubishi Regional Jets worth an estimated 150 billion yen as it seeks to beef up its domestic services, JAL sources said Thursday.

--------- Daimaru to test wireless device providing discount info to foreigners+ OSAKA - The Umeda branch of Daimaru Matsuzakaya Department Stores Co. said Wednesday it will test a service providing to foreigners via their smartphones and tablets information about discounts and other special offers.

---------- Operator of New Kansai airport to tie up with Thai airport operator OSAKA - The operator of two principal airports serving the Osaka region said Wednesday it will conclude a business tie-up agreement with Airports of Thailand Public Co. to get know-how to handling an increasing number of foreign visitors.

---------- Kirin provides 20 mil. yen to support tsunami-hit fishermen TOKYO - A unit of Japanese beer brewer Kirin Co. said Wednesday it has provided 20 million yen to an association of young fishermen in Miyagi Prefecture to help expand a sales network for seafood from a region devastated by a massive earthquake and tsunami in 2011.

(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.

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