Horie no longer head of Livedoor; Fuji TV to sell

National Jan 25, 2006

Horie no longer head of Livedoor; Fuji TV to sell

Takafumi Horie is out as head of Livedoor Co. At a news conference Tuesday night, officials of the Internet firm said Kozo Hiramatsu, 60, a former Sony executive who previously was head of a Livedoor subsidiary, had become president and director Fumito Kumagai, 28, had ...

Business Jan 24, 2006

Ads boost profits at Yahoo Japan

Yahoo Japan Corp. said Monday its net profit for the three months ending in December jumped 37 percent to a record 12.65 billion yen, driven by strong growth in its advertising revenue. Revenue at the Internet portal operator rose 51 percent to 46.62 billion yen, ...

Yoshinoya shares take a dive in wake of beef ban

Business Jan 24, 2006

Yoshinoya shares take a dive in wake of beef ban

The renewed ban on U.S. beef imports hit Yoshinoya D&C Co. on Monday, with Yoshinoya shares going limit down to 173,000 yen before ending at 189,000 yen, a 2,400 yen drop from Friday. Other "gyudon" (beef-on-rice bowl) restaurant providers, meanwhile, suffered hits as well, but ...

'Livedoor shock' halts TSE

National Jan 19, 2006

'Livedoor shock' halts TSE

The Tokyo Stock Exchange shut down trading early to avoid system troubles Wednesday amid a continued free-fall as investors spooked by the investigation into Livedoor Co. flooded the bourse with sell orders. The benchmark Nikkei 225 index dropped 464.77 points to close at 15,341.18 points, ...

Business Jan 18, 2006

Livedoor raid stirs up fear of Net stocks

The Nikkei stock average fell below the 16,000 line Tuesday as worried investors sold off Internet stocks amid the dust kicked up by prosecutors' search of Livedoor Co. over suspected securities law violations. The Nikkei lost 462.08 points in its biggest single-day loss since May ...

Kato named to take helm at Kirin

Business Jan 17, 2006

Kato named to take helm at Kirin

Kirin Brewery Co. said Monday that Kazuyasu Kato, current managing director in charge of sales and marketing, will replace Koichiro Aramaki as president of the country's second-largest beer brewer, pending shareholder approval in March. Kato, 61, who has risen through the ranks of the sales ...

Business Jan 14, 2006

Latest trading blunder costs Daiwa SMBC 500 million yen

Daiwa Securities SMBC Co. said Friday that a mistaken order placed by one of its traders minutes before the start of morning trading has caused it to suffer a 500 million yen loss. The incident came as the Japanese securities industry is trying to recover ...

Skylark calls founder out of retirement

Business Jan 14, 2006

Skylark calls founder out of retirement

Skylark Co. said Friday one of its founders will come back to steer the firm in its ambitious growth strategy. Kiwamu Yokokawa, 68, who serves as its top adviser, will be the next chairman and chief executive officer, pending shareholder approval expected at a general ...

Okamoto debuts spermicide condoms

Business Jan 12, 2006

Okamoto debuts spermicide condoms

Top condom maker Okamoto Industries Inc. announced Wednesday it will start selling the country's first spermicide-coated condom Feb. 1, hoping to stimulate the flagging domestic prophylactics market. The condom maker, which has more than half the domestic market share, said it plans a marketing blitz ...

Small manufacturers seek niche in space

National Jan 3, 2006

Small manufacturers seek niche in space

For years, small manufacturers in the greater Tokyo area have been trying to market their technologies for space-related projects, hoping that work by their master craftspeople will find its way into rockets and satellites. It is not a far-fetched pursuit, given that the highly skilled ...