Latest news with #YuriKageyama
Toronto Sun
27-05-2025
- Business
- Toronto Sun
Stephen Hayes Dacus becomes first foreign CEO of 7-Eleven in Japan
Published May 27, 2025 • 1 minute read Stephen Hayes Dacus, who was tapped to be the next chief executive of Seven & i Holdings, which operates the 7-Eleven convenience store chain, poses for a photo at the company's headquarters in Tokyo, April 25, 2025. Photo by Yuri Kageyama / AP TOKYO — Stephen Hayes Dacus was approved Tuesday to be the new chief executive of the operator of 7-Eleven, the first foreigner to lead the Japanese convenience store chain. This advertisement has not loaded yet, but your article continues below. THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY Subscribe now to read the latest news in your city and across Canada. Unlimited online access to articles from across Canada with one account. Get exclusive access to the Toronto Sun ePaper, an electronic replica of the print edition that you can share, download and comment on. Enjoy insights and behind-the-scenes analysis from our award-winning journalists. Support local journalists and the next generation of journalists. Daily puzzles including the New York Times Crossword. SUBSCRIBE TO UNLOCK MORE ARTICLES Subscribe now to read the latest news in your city and across Canada. Unlimited online access to articles from across Canada with one account. Get exclusive access to the Toronto Sun ePaper, an electronic replica of the print edition that you can share, download and comment on. Enjoy insights and behind-the-scenes analysis from our award-winning journalists. Support local journalists and the next generation of journalists. Daily puzzles including the New York Times Crossword. REGISTER / SIGN IN TO UNLOCK MORE ARTICLES Create an account or sign in to continue with your reading experience. Access articles from across Canada with one account. Share your thoughts and join the conversation in the comments. Enjoy additional articles per month. Get email updates from your favourite authors. THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK. Create an account or sign in to continue with your reading experience. Access articles from across Canada with one account Share your thoughts and join the conversation in the comments Enjoy additional articles per month Get email updates from your favourite authors Don't have an account? Create Account The American with a Japanese mother was appointed earlier this year to be chief executive of Seven & i Holdings Co., which operates the stores, known as 'konbini' in Japan. An acquisition proposal by Alimentation Couche-Tard of Canada, which the company has so far rejected, was not up for vote at the shareholders' meeting. The companies are discussing the proposal and Seven & i is conducting an internal study. Dacus has promised further growth for the business, which has been widening its overseas appeal. The 7-Eleven chain is the biggest convenience store chain in the U.S. But some analysts say there are challenges in the Japanese market, where the population is rapidly aging and competition is fierce among konbini brands. This advertisement has not loaded yet, but your article continues below. Fluent in Japanese and English, Dacus previously worked at Walmart, Japanese clothing chain Uniqlo and other retailers. Shareholders appeared to have high hopes for his leadership and the rest of the new team that also won their approval. It remains unclear whether the company is going to go it alone or decide to collaborate with Couche-Tard. The 7-Eleven stores in Japan sell everything from ice cream to batteries to health needs and hot meals. Some stores allow customers to pay utility bills or use the copier machine. They also work with local governments to help out during disasters, providing water, relief supplies, toilet facilities and emergency information. Columnists Ontario Sunshine Girls Relationships Sunshine Girls
Japan Today
26-05-2025
- Automotive
- Japan Today
Troubled automaker Nissan banks on hybrid EV technology
Reporters try out Nissan's e-Power electrification technology on the current Qashqai model at the company's Grandrive facility in Yokosuka on Monday. By Yuri Kageyama Money-losing Japanese automaker Nissan Motor Corp is banking on its latest 'e-Power' technology for a turnaround. A kind of hybrid, e-Power comes equipped with both an electric motor and gasoline engine, much like the Toyota Motor Corp Prius. It's different from a Prius in that it doesn't switch back and forth between the motor and engine during the drive. That means the car always is running on its EV battery, ensuring a quiet, smooth ride. 'Nissan has a proud history of pioneering innovative technology that set us apart,' Chief Technology Officer Eiichi Akashi told reporters on the sidelines of a test drive at its Grandrive course outside Tokyo. The advantage of e-Power vehicles is that they never need to be charged like EVs do. The owner just fuels up at a gas station and the car never runs out of a charge. Nissan, which racked up a 670.9 billion net loss for the fiscal year through March, sorely needs a hot-seller, especially in the lucrative North American market. But the U.S. market is proving a big headache for all the Japanese automakers because of President Donald Trump's tariff policies. To achieve a turnaround, Nissan is working on reducing costs, strengthening business partnerships and redefining its lineup. That's where e-Power fits in, according to Akashi. Yokohama-based Nissan announced earlier this month that it's slashing about 15% of its global work force, or about 20,000 employees, and reducing the number of its auto plants to 10 from 17, under an ambitious recovery plan led by its new Chief Executive Ivan Espinosa. Nissan officials did not give a price for the upcoming e-Power models. The only other automaker offers a similar technology is 'kei,' or tiny car manufacturer Suzuki Motor Corp. E-Power is already offered on the Nissan Qashqai and X-Trail model in Europe, and the Note in Japan. The upgraded version will be offered in the new Rogue in the U.S. Nissan, a pioneer in EVs with its Leaf, which went on sale in 2010, is also preparing beefed up EV models. It's also working on a solid-state battery which is expected to replace the lithium-ion batteries now widely used in hybrids, EVs and e-Power models. Analysts say Nissan is in danger of running out of cash and needs a partner. Speculation is rife its Yokohama headquarters building will get sold, or one of its Japan plants will be turned into a casino. Nissan started talks last year with Japanese rival Honda Motor Co. for a business integration but announced in February that it was dropping the talks. © 2025 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission.
Yahoo
13-05-2025
- Business
- Yahoo
Japanese tech giant SoftBank records its first profit in 4 years
TOKYO (AP) — Japanese technology company SoftBank Group posted its first profit in four years Tuesday, as it raked in gains from its investment portfolios. SoftBank warned of major uncertainties ahead because of President Donald Trump's tariff policies, tensions between the U.S. and China, and other global conflicts. Tokyo-based Softbank's profit for the fiscal year through March totaled 1.15 trillion yen ($7.8 billion), a reversal from the 227.6 billion yen loss it racked up the previous year. Annual sales climbed 7% to 7.2 trillion yen ($49 billion). SoftBank has a wide-ranging partnership with OpenAI, the U.S. artificial intelligence research organization behind ChatGPT. It said it remains focused on promoting technology related to artificial intelligence. The company said it will continue to aggressively invest in new AI companies like Glean and Helion, both U.S. companies. SoftBank also recently decided to acquire the total equity of Ampere, a U.S. cloud-and AI-focused semiconductor design company, for $6.5 billion. It expects to complete the transaction in the second half of this year. Its investments include stakes in Chinese e-commerce giant Alibaba and T-Mobile, a European mobile communications outfit. Both gained value over the latest period. Also helping its bottom line were strong results and royalties at Arm, a British semiconductor and software design company in which SoftBank is a major investor. The company also logged gains from its SoftBank Vision Funds. SoftBank invests in various companies, including ByteDance, the Chinese multinational that's behind TikTok, and PayPay, a popular Japanese mobile payment application. SoftBank said it was planning an IPO for PayPay. Launched in 2018, PayPay is now used by more than 68 million people, according to SoftBank. Japan's population is about 125 million. ___ Yuri Kageyama is on Threads:
Yahoo
13-05-2025
- Business
- Yahoo
Japanese tech giant SoftBank records its first profit in 4 years
TOKYO (AP) — Japanese technology company SoftBank Group posted its first profit in four years Tuesday, as it raked in gains from its investment portfolios. SoftBank warned of major uncertainties ahead because of President Donald Trump's tariff policies, tensions between the U.S. and China, and other global conflicts. Tokyo-based Softbank's profit for the fiscal year through March totaled 1.15 trillion yen ($7.8 billion), a reversal from the 227.6 billion yen loss it racked up the previous year. Annual sales climbed 7% to 7.2 trillion yen ($49 billion). SoftBank has a wide-ranging partnership with OpenAI, the U.S. artificial intelligence research organization behind ChatGPT. It said it remains focused on promoting technology related to artificial intelligence. The company said it will continue to aggressively invest in new AI companies like Glean and Helion, both U.S. companies. SoftBank also recently decided to acquire the total equity of Ampere, a U.S. cloud-and AI-focused semiconductor design company, for $6.5 billion. It expects to complete the transaction in the second half of this year. Its investments include stakes in Chinese e-commerce giant Alibaba and T-Mobile, a European mobile communications outfit. Both gained value over the latest period. Also helping its bottom line were strong results and royalties at Arm, a British semiconductor and software design company in which SoftBank is a major investor. The company also logged gains from its SoftBank Vision Funds. SoftBank invests in various companies, including ByteDance, the Chinese multinational that's behind TikTok, and PayPay, a popular Japanese mobile payment application. SoftBank said it was planning an IPO for PayPay. Launched in 2018, PayPay is now used by more than 68 million people, according to SoftBank. Japan's population is about 125 million. ___ Yuri Kageyama is on Threads:
Yahoo
13-05-2025
- Business
- Yahoo
Japanese tech giant SoftBank records its first profit in 4 years
TOKYO (AP) — Japanese technology company SoftBank Group posted its first profit in four years Tuesday, as it raked in gains from its investment portfolios. SoftBank warned of major uncertainties ahead because of President Donald Trump's tariff policies, tensions between the U.S. and China, and other global conflicts. Tokyo-based Softbank's profit for the fiscal year through March totaled 1.15 trillion yen ($7.8 billion), a reversal from the 227.6 billion yen loss it racked up the previous year. Annual sales climbed 7% to 7.2 trillion yen ($49 billion). SoftBank has a wide-ranging partnership with OpenAI, the U.S. artificial intelligence research organization behind ChatGPT. It said it remains focused on promoting technology related to artificial intelligence. The company said it will continue to aggressively invest in new AI companies like Glean and Helion, both U.S. companies. SoftBank also recently decided to acquire the total equity of Ampere, a U.S. cloud-and AI-focused semiconductor design company, for $6.5 billion. It expects to complete the transaction in the second half of this year. Its investments include stakes in Chinese e-commerce giant Alibaba and T-Mobile, a European mobile communications outfit. Both gained value over the latest period. Also helping its bottom line were strong results and royalties at Arm, a British semiconductor and software design company in which SoftBank is a major investor. The company also logged gains from its SoftBank Vision Funds. SoftBank invests in various companies, including ByteDance, the Chinese multinational that's behind TikTok, and PayPay, a popular Japanese mobile payment application. SoftBank said it was planning an IPO for PayPay. Launched in 2018, PayPay is now used by more than 68 million people, according to SoftBank. Japan's population is about 125 million. ___ Yuri Kageyama is on Threads: Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
