Tokyo Steel Manufacturing Co., Japan’s biggest maker of the alloy from scrap iron, plans to triple output at its newest plant as it seeks to eventually compete with Nippon Steel Corp. in the auto industry market.
Aozora Bank Ltd. headed for its biggest drop in more than five months in Tokyo, paring two days of gains spurred by Australia & New Zealand Banking Group Ltd.’s interest in bidding for the Japanese lender.
Orix Corp., the Japanese financial services provider whose operations include investment banking and insurance, aims to acquire a U.S. asset management company to add equities to its investment-product offerings.
Komatsu Ltd. , Asia’s largest maker of construction equipment, is selling more excavators in China than anticipated this quarter as the government spurs infrastructure development in its interior regions.
Komatsu Ltd., the world’s second- largest construction machinery maker, rose to the highest in almost two months in Tokyo after saying it would buyback as much as 30 billion yen ($395 million) of shares.
Komatsu Ltd., the world’s second- biggest mining equipment maker, expects global demand for its machines to reach a fresh record next year, fueled by China and India’s search for coal, iron ore and copper.