Business Feb 3, 2006

Matsushita profits up 39% despite heater fiasco

Matsushita Electric Industrial Co. said Thursday robust sales of plasma display panel TVs and digital cameras boosted its earnings for the third quarter of fiscal 2005, raising its net profit by 39 percent to 49.3 billion yen. Given the strong results, the Osaka-based consumer electronics ...

New games bring more people to video consoles

Business Feb 3, 2006

New games bring more people to video consoles

There may be no monsters to slay or racing cars to spin, but new video games that claim to stimulate the brain or translate languages are being snapped up by a new crowd of gamers. The people snapping up these games often have never touched ...

TSE's new IT czar has big task

Business Feb 3, 2006

TSE's new IT czar has big task

The newly installed chief information officer at trouble-plagued Tokyo Stock Exchange Inc. vowed Thursday to improve the computer trading system of Asia's largest bourse to make it more competitive in the global capital market. The CIO position was created by TSE President Taizo Nishimuro, who ...

Business Feb 2, 2006

Sharp's third-quarter profit climbs to record 26 billion yen

Sharp Corp. said Wednesday its net profit jumped 26 percent to a quarterly record of 26.26 billion yen for the three months through December, driven by continued strength in its liquid crystal display TV sales. The Osaka-based firm said demand for large LCDs remains strong ...

Business Feb 1, 2006

Fuji Photo plans to ax 5,000 jobs, reduce its film lineup

Fuji Photo Film Co. said Tuesday it will cut 5,000 workers, one-third of its image product division, due to the rapidly shrinking photo-film market. The second-largest film maker after Eastman Kodak Co. of the U.S. said it also will whittle down its range of photo ...

Business Jan 31, 2006

Canon made record net of 384 billion yen in 2005

Canon Inc. said Monday its net profit rose 12 percent to a record 384.1 billion yen in 2005, thanks to strong sales of digital cameras and color laser printers. The company also announced that Senior Managing Director Tsuneji Uchida will be promoted to vice president ...

Business Jan 31, 2006

Aeon to launch friendly bid for Origin Toshu

Retail giant Aeon Co. announced Monday it will launch a friendly takeover bid for Origin Toshu Co., offering to serve as a white knight for the boxed-meal chain currently facing a hostile takeover by Don Quijote Co. Aeon is offering to buy Origin Toshu for ...

Business Jan 27, 2006

Fast Retailing, Daiei partner on apparel

Struggling retailer Daiei Inc. said Thursday it has reached an agreement with Fast Retailing Co., which runs the Uniqlo clothing stores, on a tieup to open a new low-price casual clothing chain, with outlets at all Daiei general merchandise stores. Under the agreement, Fast Retailing ...

Business Jan 27, 2006

Bravia, Vaio sales buoy Sony earnings forecast

Sony Corp. said Thursday it revised its earnings forecast for the full year through March 31 from a net loss of 10 billion yen to a net profit of 70 billion yen, buoyed by stronger-than-expected sales of Bravia TVs and Vaio PCs over the ...

National Jan 26, 2006

Livedoor stock still falls in curtailed trade

Investors were able to execute transactions of Livedoor Co. shares during a brief window Wednesday for the first time since prosecutors raided the firm last week. The stock ended at 137 yen, down 39 yen, or 22 percent, from Tuesday. Its turnover exceeded 420 ...