It means "Smiling on the morning sun" or "smile on the morning sun", literally
Japanese battleship Asahi was created on 1900-04-28.
Asahi
朝日 asahi
Asahi Kurizuka was born in 1937.
Asahi Life was created in 1888.
Asahi Prize was created in 1929.
TV Asahi's population is 2,011.
Asahi University was created in 1971.
Asahi Breweries was created in 1889.
Asahi Camera was created in 1926.
Hypolycaena asahi was created in 2007.
朝日 に means "in the morning sun". But 朝日(Asahi) Shimbun is also the name of a Japanese Daily newspaper so depending on the rest of the sentence it could mean the particle ni could mean in, to, at, on, and other things. It marks an indirect object as well. It is very hard to translate only part of a japanese sentence properly into english. Verbs are more important in Japanese than in English and this lacks a verb.