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Sony Group Corp. Reports 32% Profit Growth Despite Earthquake Disruptions
On July 31, 2026, Sony Group Corp. reported a 32% increase in quarterly profit, even after a powerful earthquake in Japan disrupted some of its operations earlier in the week. Strong results from its PlayStation, music, and imaging businesses helped offset temporary issues at several semiconductor facilities. The better-than-expected earnings also led Sony to raise…
Workman Launches Next-Gen Fan Wear at ¥2,900 as Heat Demand Soars
Workman releases next-generation fan-fitted wear starting at ¥1,500 to capture everyday market demand amid Japan’s extreme heat. New products include 15-function shirts and convertible jackets with UV and sweat-control features.
Mammut Sold to Chinese Firm CPE for Up to €500M on July 31
Chinese investment firm CPE acquires Swiss outdoor brand Mammut from Jacobs Capital for up to €500 million. Headquarters remain in Aargau; CEO Heiko Schäfer stays in place.
Japan to Launch Low-Income Support in 2029, Food Tax Cut Planned for April 2027
Japan plans a new income-based benefit system for low- and middle-income workers in 2029 and will cut food consumption tax to 1% for two years starting April 2027, with annual funding of 5 trillion yen.
Two Shizuoka Residents Face Charges for Year-Long Cigarette Littering July 31
Two Shizuoka residents face charges for littering cigarette butts over 18 months. Police used stakeout operations to identify the suspects after neighbors complained of daily discarding.
Hiroshima Carp Players Face Police Search Over Drug Scandal July 30
Hiroshima Prefectural Police searched homes of Carp players Yano and Maekawa on July 30 over alleged use of etomidate, a banned substance. Maekawa removed from roster; team apologizes to fans.
Izumi and Hiroyuki Launch New Political Party Ahead of Spring 2027 Local Elections
House of Councillors member Izumi Fusao and 2channel founder Hiroyuki Nishimura establish a political party to contest Japan’s spring 2027 local elections with new candidates.
Sony (TYO: 6758) Seeks to Acquire Tamron (TYO: 7740); Lens Maker Valued at $1.3 Billion
Sony Group Corporation (TYO: 6758) has submitted a non-binding proposal to acquire camera lens manufacturer Tamron Co., Ltd. (TYO: 7740) and make it a wholly owned subsidiary. The reported transaction would value the remaining 84.47% stake in Tamron at approximately ¥200 billion ($1.3 billion). It is one of the largest recent deals undertaken by Sony’s…
Japan and South Korea Stocks Diverge as Nikkei 225 Jumps 0.93%, KOSPI Falls 1.10%, SK Hynix Slides Over 6%
Asian markets split sharply on Thursday, July 30, 2026, after two brutal days of chip-stock selling. The Nikkei 225 rebounded 0.93% to 62,003.09, recovering some of Wednesday’s losses. South Korea’s KOSPI fell 1.10%, dragged lower by SK Hynix’s 6.50% slide. Regulators moved to cap leveraged ETF exposure amid intensifying volatility concerns across the region. Nikkei…