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October 11, 2024
 

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BUSINESS

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Companies
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Tech
Hiroyuki Okuzawa, chief operating officer of Daiichi Sankyo, during an interview in Tokyo on Friday
BUSINESS / Companies
Daiichi Sankyo eyes newer cancer drugs to stave off rivals
The Japanese drugmaker has emerged as a leader in ADC, a type of cancer therapy that targets cancerous cells while sparing the healthy ones.
BUSINESS / Companies
Seven & I to split in two to fend off Couche-Tard takeover bid
The big question is if the move will be enough to win over any investors warming to Couche-Tard’s approach.
BUSINESS / Companies
Japanese payments company Infcurion says planning IPO in 2025
Infcurion, founded in 2006, offers technology powering a range of payments services such as digital wallets and credit cards.
Seven & I had been under pressure from activists and other investors for years to narrow its focus on its crown jewel: 7-Eleven and other convenience stores.
BUSINESS / Companies
Oct 10, 2024
Seven & I to embrace 7-Eleven name as it sheds noncore businesses
By Koh Yoshida
The plans accelerate restructuring efforts in the face of an unsolicited ¥7 trillion takeover proposal from Alimentation Couche-Tard.
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
By Rocky Swift
Operating profit rose 31% to ¥500.9 billion in the 12 months through August from ¥381.1 billion a year earlier.
Some 930,000 defective SIM cards of NTT Docomo and other carriers that use Docomo's network might become unusable even if they are functioning normally now.
BUSINESS / Companies
Oct 10, 2024
NTT Docomo recalling almost a million defective SIM cards
By Francis Tang
The defective cards were manufactured between December 2021 and October 2022, with serial numbers that start with GD06.
Mindbody ClassPass CFO Tom Aveston speaks during a news conference in Tokyo in September.
BUSINESS / Companies
Oct 9, 2024
ClassPass lands in Japan with eye on domestic fitness market and visitors
By Kazuaki Nagata
The company, which provides access to gyms on a membership basis, started operating on Sept. 19 with 200 partner gyms and fitness studios, mainly in Tokyo.
To lessen the impact from any shocks, including a U.S. economic slump, Mizuho has been buying Treasurys and other assets that are easier to sell or hedge against price falls.
BUSINESS / Companies
Oct 9, 2024
Mizuho choosing liquid assets, bracing for risk of failed U.S. soft landing
By Taiga Uranaka and Hideki Suzuki
Market participants appear overconfident that U.S. policymakers will be able to tame inflation without causing a recession, the bank's co-head of global markets has said.
Couche-Tard isn’t giving up on its takeover effort of Seven & I Holdings, the owner of 7-Eleven stores.
BUSINESS / Companies
Oct 9, 2024
Couche-Tard reportedly sent higher price of $47 billion for Seven & I
By Koh Yoshida and Reed Stevenson
The fresh attempt to enter talks shows that Couche-Tard isn’t giving up on its takeover effort.
DAZN, the sports-streaming group backed by billionaire Len Blavatnik, may soon sell a stake to Saudi Arabia's Public Investment Fund, according to insiders.
BUSINESS / Companies
Oct 8, 2024
Saudi Arabia's PIF considering minority stake in sports streamer DAZN
By Elvira Pollina
Deal could increase Saudi fund's influence in European football, as DAZN is a partner for Italy's Serie A, Spain's LaLiga, Germany's Bundesliga and France's Ligue 1.

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.
University of Tokyo moves up a spot to 28th in World University Rankings
The University of Tokyo is ranked 28th in the latest World University Rankings, advancing one place from the previous rankings.
Chinese nationals in Japan testify to harassment by Beijing, report says
Chinese residents living in Japan take part in a “white paper” protest in solidarity against China's COVID-19 lockdowns, in Tokyo in November 2022.
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 still pushing China for explanation over killing of schoolboy
Foreign Minister Takeshi Iwaya asked his Chinese counterpart Wang Yi to provide a proper accounting of the facts in the stabbing death of a schoolboy in China last month during their telephone talks on Wednesday.
South Korean author Han Kang wins Nobel Prize in literature
Han Kang is the first South Korean author to win the Nobel Prize in Literature.
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.
The forgotten Japanese naturalist who created a U.S. national park
Without Japanese outdoorsman George Masa, America might not have the Great Smoky Mountains National Park — so why do so many people in Japan not know he existed?
Experts move to allay replicon COVID shot fears in Japan amid backlash
A man receives a COVID-19 vaccine in Tokyo on Oct. 1. Experts say fears over the newly approved replicon vaccine are unwarranted.

Podcast

One of the many entrances to the Kabukicho neighborhood in Tokyo’s Shinjuku Ward.
Kabukicho: Tokyo’s ‘stadium of desire’

Longform

Dul Saroth (left) and Soeum Samrach, deminers with the Cambodian Mine Action and Victim Assistance Authority, practice using the Advanced Landmine Imaging System in Cambodia’s Siem Reap province in August.
The Japanese tech that could one day make Southeast Asia landmine-free
By Anton L. Delgado

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