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October 15, 2024
 

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Fast Retailing booked its third consecutive year of record earnings on Thursday.
BUSINESS / Companies
Oct 10, 2024
Uniqlo owner Fast Retailing posts 31% rise in full-year profit, beats estimates
Operating profit rose 31% to ¥500.9 billion in the 12 months through August from ¥381.1 billion a year earlier.
Suntory Holdings CEO Takeshi Niinami speaks during a Reuters Newsmaker event in Tokyo on Wednesday.
BUSINESS / Companies
Sep 12, 2024
Seven & I takeover bid shows a shift in government, Suntory CEO says
The takeover bid has also left many CEOs in Japan nervous that their companies could be next.
Kirin Holdings President Takeshi Minakata at the company's headquarters in Tokyo on Wednesday
BUSINESS / Companies
Aug 29, 2024
Kirin clinched Fancl takeover to propel health pivot, president says
Fancl fits into a health science portfolio that Kirin aims to grow into a new pillar of the group.
Suntory's canned cocktail Minus 196 Double Lemon on sale at a store in Sydney
BUSINESS / Companies
Aug 27, 2024
Japan's Suntory bets on spirits expertise to boost U.S. canned cocktail market share
Suntory believes its annual RTD revenue could double from current levels to about $3 billion (¥434 billion) by 2030.
A researcher at the University of Tokyo shows a face mold covered in human skin tissue at its lab.
JAPAN / Science & Health
Jul 18, 2024
Say cheese: Japanese scientists make robot face 'smile' with living skin
Researchers at the University of Tokyo grew human skin cells in the shape of a face and pulled it into a wide grin, using embedded ligamentlike attachments.
Yumiko Takano, chief executive officer of Oriental Land, speaks during a news conference in Urayasu, Chiba Prefecture, on Tuesday. Oriental Land has secured a deal with Disney Enterprises to launch Disney Cruises in Japan.
BUSINESS / Companies
Jul 10, 2024
Disney to add new ship in Tokyo to expanding cruise business
The new ship will be modeled after the Wish, the largest vessel in Disney's fleet.
Cameras and lenses are displayed at Fujifilm Holdings headquarters in Tokyo on June 7.
BUSINESS / Companies
Jun 28, 2024
Fujifilm once struggled to sell cameras. Now, it can't keep up with demand.
Fujifilm is struggling to meet demand for the X100 camera, prized by young 20-something social media users for its looks and high-end functions.
Mayumi Kitakata uses "CatsMe!," an AI-driven smartphone app that purports to tell when a cat is feeling pain, near her 14 year-old male pet cat Chi at her home in Tokyo.
JAPAN
Jun 20, 2024
Japan's beloved cats get health care help from AI
The CatsMe! app has been used on 6,000 pictures of cats and by more than 230,000 customers since its launch last year.
Asahi Group Holdings chief executive Atsushi Katsuki
BUSINESS / Companies
Feb 26, 2024
Asahi eyes overseas acquisitions to quadruple sales of Super Dry beer
Spurred on by the need to seek growth outside of the shrinking home market, Japanese firms went on an overseas buying spree worth ¥8.1 trillion last year.
Japanese civil engineering group Infroneer said it would buy Japan Wind Development from Bain Capital for about $1.4 billion.
BUSINESS / Companies
Dec 12, 2023
Japan's Infroneer to buy Japan Wind Development from Bain Capital
The $1.4 billion acquisition will expand the Japanese civil engineering group's renewable energy business.
Foreign tourists in Tokyo's Shibuya Ward on Wednesday
JAPAN
Oct 18, 2023
Foreign visitors to Japan hit 96% of pre-COVID level in September
The number of foreign visitors for business and leisure was 2.18 million last month, up slightly from 2.16 million in August.
The average price for a new condominium in central Tokyo rose 60% to a record ¥129.6 million ($865,000) in the first half of this year.
BUSINESS / Economy
Oct 4, 2023
Surging Tokyo property prices squeeze out young professionals
The average price for a new condominium in central Tokyo rose 60% to a record ¥129.6 million ($865,000) in the first half of this year.
Suntory Beverage & Food's chief executive Makiko Ono sees Australia as a model for integrating canned alcoholic drinks into offerings in other global markets.
BUSINESS / Companies
Aug 31, 2023
Suntory Beverage sees Australia as model for can cocktail growth
The company is considering building a factory in Australia's northeastern city of Brisbane to produce canned drinks.
Staff from All Nippon Airways and a travel agency escort a Chinese tour group from Beijing upon their arrival at Haneda Airport in Tokyo on Wednesday.
BUSINESS / Economy
Aug 24, 2023
Will 'explosive spending' return to Japan with China group tours?
Hopes the tours will herald big returns clash with a struggling Chinese economy and Japan's controversial release of treated wastewater into the sea.
Nadine, a 43-year-old tourist from the U.S., wears a sumo wrestler costume and tries to spar against former sumo wrestler Towanoyama in the sumo ring at Yokozuna Tonkatsu Dosukoi Tanaka in Tokyo in June 30.
SUMO
Jul 23, 2023
Sumo retirees play for laughs from tourists flooding back to Japan
Themed restaurants, including those offering sumo performances, are part of a tourism ecosystem that Prime Minister Fumio Kishida hopes will add ¥5 trillion a year to the nation's economy.
Japan Times
BUSINESS / Companies
Jul 13, 2023
Uniqlo owner posts record Q3 profit and raises forecast on China recovery
Fast Retailing has 925 Uniqlo outlets in mainland China — more than in Japan — making it a bellwether for a retail market that was hammered by tough COVID-19 restrictions.
Japan Times
BUSINESS
May 1, 2023
Astellas to buy Iveric Bio for $5.9 billion to expand eyesight treatments
The deal marks the fifth major overseas acquisition by Astellas, Japan's third biggest drugmaker by sales, since 2019.
Japan Times
BUSINESS / Companies
Mar 29, 2023
As home market shrinks, 'Made in Japan' appeal still offers hope for Miki House
From a country with ever-fewer births, the firm is looking overseas — for production, and for customers who will buy products like its ¥100,000 Gold Label brand pajamas.
Japan Times
BUSINESS
Mar 24, 2023
Japan firms see global inflation risk as major headwind for fiscal 2023
Of nearly 500 major companies polled, 82% said a continuation of global inflation was a concern for their business in the coming period.
Japan Times
BUSINESS
Feb 24, 2023
Nearly half of Japan's firms want BOJ to revise negative rate policy
In the next most common response, 28% said the central bank should revise its 2% inflation target.
Taiwan spots Chinese carrier as video says military 'prepared for battle'
Visitors hold their mobile phones in front of exhibits showing the Chinese Navy's first aircraft carrier, the Liaoning, during an exhibition on China's achievements marking the 70th anniversary of the founding of the People's Republic of China at the Beijing Exhibition Center, in September 2019.
Israeli envoy criticizes Japanese atomic survivor's Gaza comparison
The co-chair of the Nihon Hidankyo atomic bomb survivors' group, Toshiyuki Mimaki, who lived through the 1945 atomic bombing of Hiroshima, attends an online news conference from the city on Saturday.
Amid skepticism, CDP faces once-in-a-lifetime opportunity in Oct. 27 polls
Constitutional Democratic Party (CDP) leader Yoshihiko Noda speaks to reporters in Tokyo on Thursday.
Challenges remain six months to go before Osaka Expo
The Osaka Expo site under construction. The expo is scheduled to take place on Yumeshima, an artificial island, from April 13 through Oct. 13 of next year.
Rising sex tourism exposes loopholes in Japan's anti-prostitution law
While financial misfortunes during the COVID-19 pandemic may have driven some women to work the streets, others simply want more money to spend — or want to pay off their debts — at host clubs.
Nihon Hidankyo members hope surprise Nobel win cements nuclear taboo
Toshiko Hamanaka (left), the assistant secretary-general of Nihon Hidankyo, and the organization's co-chair, Terumi Tanaka, during a news conference in Tokyo on Saturday, the day after the group was awarded the Nobel Peace Prize.
Bank of Japan vows better messaging to avoid more market turmoil
The Bank of Japan's surprise rate increase on July 31 led to Japanese stocks plummeting into bear-market territory, with the benchmark 225-issue Nikkei average falling 12.4% on Aug. 5 alone.
Peter Barakan’s Live Magic! takes its final bow
Annual festival Peter Barakan’s Live Magic! was born a decade ago when Barakan (left) decided to create a platform to share his love of roots music, which he attributes to growing up in 1960s England.
Spate of sumo tour dropouts highlights need to rethink wrestlers' health
Shonannoumi hits the dirt at the hands of Kotozakura during a bout in Tokyo in May. Shonannoumi is among the many top wrestlers who have dropped out of this month's regional tour due to injury.
Japan pushes fossil fuel tech in Asia carbon neutrality initiative
Coal-fired power plants in Bataan, the Philippines, in June 2023. A third of the 158 agreements signed under the Japan-led Asia Zero Emission Community are linked to fossil fuel technologies, a recent study by a climate research group has found.

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