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In an exclusive interview, Iranian experts and entrepreneurs say cultural identity and distinctive behavior have helped them overcome challenges and achieve success in various fields. Many successful Iranians in business, science, and the arts say the blend of tradition and modernity has given them a competitive edge.
Toshifumi Suzuki, honorary adviser of Seven & i Holdings and the visionary who brought modern convenience stores to Japan, has died of heart failure on May 18 at age 93. Under his leadership, Seven-Eleven Japan grew from a handful of franchise stores into the country's largest convenience store chain, transforming shopping habits with offerings such as bento boxes, beverages and bill payment services.
animate, Japan's largest anime merchandise chain, announced plans to open its first store in the Philippines in 2026. The move aims to cater to the growing anime fan base in Southeast Asia, bringing a curated selection of official anime goods to the region.
Kim Jung-soo, the creator of the Buldak spicy noodle recipe, has been promoted to Chairman of Samyang Foods. The move comes as the company expands globally, leveraging the strong performance of its popular Korean spicy noodle brand in international markets.
Honda Motor Co. has reported its first annual net loss since the company's 1957 stock listing, a historic setback driven by plunging sales, supply chain disruptions, and rising costs tied to a push into electric vehicles. Analysts cite the pandemic and a shift to EVs as key factors. Shares fell sharply on the news.
Japanese automaker Nissan has forecast a net profit of 20 billion yen for fiscal 2026, marking a recovery after a difficult period. The announcement comes as Nissan pushes restructuring and efficiency improvements after several tough quarters.
Toyota Motor Corporation reported a 19.2% decline in net profit for fiscal 2025 to 3.85 trillion yen, missing market expectations. Revenue rose 5.8% to 47.5 trillion yen. The automaker cited rising costs and EV competition.
Toyota Motor Corporation forecasts a 22% drop in net profit for fiscal year 2026, citing rising raw material costs, increased competition from electric vehicle makers, and global supply-chain uncertainties. The announcement, reported by Kyodo News, marks a significant downturn after years of stable earnings. Despite the cautious outlook, Toyota reaffirms its commitment to long-term innovation and a goal of carbon neutrality by 2050.
Sony Group reported a net profit of ¥1.03 trillion ($6.57bn) for fiscal 2025, down 3.4% year on year, partly due to scaling back its EV joint venture with Honda. Core businesses in entertainment and image sensors helped cushion the blow.
