Dec 17, 2014

Tepco's net income set to rise 19%

Tokyo Electric Power Co. said net income will rise 19 percent this fiscal year and that it will put off an increase in electricity rates in favor of more cost cuts. The country’s biggest electricity utility is projecting net income of ¥521 billion ($4.4 ...

Dec 9, 2014

Sankei admits own reporting shortcomings in covering Asahi scandal

The conservative daily Sankei Shimbun admitted Tuesday that its article published Saturday on the chaos in top management at the rival Asahi Shimbun following its misreporting scandals actually involved reportage shortcomings of its own. On its Tuesday morning issue, the Sankei carried a retraction ...

Dec 5, 2014

Tepco unlikely to raise prices again in 2014

Tokyo Electric Power Co. will likely forgo another price hike before the March 31 end of fiscal 2014 because it plans to cut costs further, sources familiar with the matter said Friday. The operator of the crippled Fukushima No. 1 nuclear plant is expected ...

Nov 29, 2014

Asahi Shimbun profit dives 50%

Asahi Shimbun Co. said consolidated operating profit fell 50.5 percent from a year earlier to ¥3.1 billion during the first half, marking two consecutive declines. In addition to sluggish newspaper sales affected partly by story retractions related to the “comfort women” issue and an ...

Nov 19, 2014

Diet approves bill on collective compensation for nuclear accidents

The Diet on Wednesday enacted a bill that allows Japan to join an international pact on financial liability for nuclear accidents. The Convention on Supplementary Compensation for Nuclear Damage requires parties to share part of the compensation in the event of a nuclear accident. ...