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BUSINESS
Jul 5, 2005

M&As involving Japan firms hit record levels in first half

Mergers and acquisitions involving Japanese companies reached an all-time high in the six months through June, according to data from financial research firms, suggesting that companies are gearing up to withstand the rigors of international competition.
JAPAN
Jul 1, 2005

Banks admit 800,000 cases of customer data losses

A wave of customer data losses has been sweeping across Japan, with more than 800,000 such cases being detected at major banking groups and regional banks, companies and financial institutions said Thursday.
BUSINESS
Jun 25, 2005

Forged credit cards in Japan account for 80% of leak losses

Forged credit cards based on those issued in Japan accounted for 80 percent of the fraud cases here linked to the massive card information leak in the U.S., according to card companies' data compiled Friday.
BUSINESS
Jun 25, 2005

NBS officially announces it will be Fuji TV subsidiary

Nippon Broadcasting System Inc. told its shareholders Friday it will become a wholly owned subsidiary of Fuji Television Network Inc., drawing the curtain on the high-profile battle between Fuji TV and Livedoor Co. for control of NBS.
BUSINESS
Jun 24, 2005

METI chief chimes in on U.S. card data theft

Economy, Trade and Industry Minister Shoichi Nakagawa asked representatives of major credit card companies Thursday to protect customers and tighten information security in the wake of a massive card data theft in the United States, which caused more than 110 million yen in losses in Japan.
BUSINESS
Jun 24, 2005

Credit card firms stepping up security

The massive security breach last week at a credit card data processing center in the United States is prompting credit card companies in Japan to step up measures to prevent card-related fraud.
Japan Times
BUSINESS
Jun 18, 2005

Shinsei aims for new online services, CEO-in-waiting says

Shinsei Bank Ltd. plans to offer new online banking services in a few months, the next president and chief executive officer said Friday.
JAPAN
Jun 5, 2005

Startup seeks cell-phone capital

IP Mobile Inc., a data communications startup, has asked several firms for fresh capital to help it enter the cell-phone business, company officials said Saturday.
EDITORIALS
Jun 2, 2005

Not out of the woods yet

Japan's major banking groups all achieved their fiscal 2004 target of halving their bad-loan ratios, which had been considered a stiff hurdle to their recovery of sound management. All of them expect to make a profit in the current fiscal year, ending in March 2006. The disposal of the legacy left by...
BUSINESS
May 25, 2005

SMFG posts record group net loss

Sumitomo Mitsui Financial Group Inc. said Tuesday it posted a record 234.2 billion yen group net loss for the business year ended March 31, a sharp reversal from the 330.4 billion yen net profit it recorded a year earlier.
BUSINESS
May 19, 2005

TBS takes countertakeover steps

Tokyo Broadcasting System Inc. said Wednesday it will issue stock purchase warrants worth 600 million yen to a wholly owned subsidiary of its financial adviser, Nikko Cordial Corp., as a means of tightening its defenses against hostile takeover attempts.
BUSINESS
Apr 23, 2005

Mizuho plans to repay public funds by fall '06

Mizuho Financial Group Inc. plans to repay all public funds received during a government-backed capital injection by the fall of 2006 and form an alliance with the Bank of New York to boost profitability, sources said Friday.
BUSINESS
Apr 20, 2005

SMFG President Nishikawa to be replaced by Kitayama

Yoshifumi Nishikawa, president of Sumitomo Mitsui Financial Group Inc., will step down and be succeeded by 58-year-old Deputy President Teisuke Kitayama, the company said Tuesday.
BUSINESS
Apr 19, 2005

Toshiba EMI to end ring-tone cartel

Toshiba EMI Ltd. said Monday it has accepted a Fair Trade Commission order to end a cartel in mobile phone ring-tone services.
BUSINESS
Apr 15, 2005

Hewlett-Packard president may take ailing Daiei's helm

Daiei Inc. is expected to name Yasuyuki Higuchi, 47, current president of Hewlett-Packard Japan Ltd., as its new president, company sources said Thursday.
BUSINESS
Apr 13, 2005

Livedoor shares drop to record low price

Market confidence in Internet company Livedoor Co. appeared to ebb Tuesday as its share price temporarily dropped to a record low of 292 yen on the Tokyo Stock Exchange.
BUSINESS
Apr 7, 2005

Pony Canyon eyes share ploy

Major music label Pony Canyon Inc., a key Nippon Broadcasting System Inc. subsidiary, may allot new shares to an investment fund set up by a group that includes the radio company, sources said Wednesday.
BUSINESS
Mar 17, 2005

FSA may scrap exemptions on stock sale reporting rules

The Financial Services Agency is mulling another change to the Securities and Exchange Law that would yank exemptions on the reporting of major share transactions, FSA officials said Wednesday.
BUSINESS
Mar 16, 2005

Willcom to offer first flat-rate PHS service

Willcom Inc., Japan's largest personal handy-phone system company, said Tuesday it will introduce a flat rate for voice communication starting May 1, becoming the first domestic wireless carrier to provide such service.
BUSINESS
Mar 8, 2005

Marubeni-led group inks deal with IRCJ, Daiei over retailer's rehab

The Industrial Revitalization Corp. of Japan and Daiei Inc. signed a contract Monday with a consortium led by trading house Marubeni Corp. as the sponsor for rebuilding the struggling retail giant.
BUSINESS
Mar 5, 2005

Livedoor ups stake in broadcaster

Livedoor Co. has increased its stake in Nippon Broadcasting System Inc. to more than 45 percent in terms of voting rights, Livedoor sources said Friday.
BUSINESS
Mar 4, 2005

Livedoor furor opens up M&A can of worms

As it gears up to pass new legislation that will make it easier for companies to merge or acquire other firms, Japan is getting cold feet.
BUSINESS
Mar 2, 2005

IRCJ taps Marubeni to lead Daiei rehab

The Industrial Revitalization Corp. of Japan has picked a consortium led by trading house Marubeni Corp. as the sponsor for rebuilding troubled supermarket chain Daiei Inc., sources said Tuesday.
BUSINESS
Feb 26, 2005

SMFG officially exits quest for UFJ merger

Sumitomo Mitsui Financial Group Inc. announced Friday it had given up its controversial attempt to merge with UFJ Holdings Inc., giving in to rival Mitsubishi Tokyo Financial Group Inc.
BUSINESS
Feb 22, 2005

Livedoor ups broadcaster stake

Livedoor Co. has increased its stake in Nippon Broadcasting System Inc. to more than 40 percent in terms of voting rights, officials of the Internet services provider said Monday, stepping up the pressure on Fuji Television Network Inc. in a high-profile acquisition battle.
BUSINESS
Feb 4, 2005

IRCJ names three innkeepers as last firms to receive bailout

The state-backed Industrial Revitalization Corp. of Japan said Thursday it will help rehabilitate three lodging companies and indicated they would be the last bailouts.
Japan Times
BUSINESS
Dec 30, 2004

Dentsu poll finds year's top 10 consumer darlings

2004 saw many things strike the fancy of Japanese consumers, especially on the big screen at home, to the extent that some became social phenomena.
JAPAN
Dec 29, 2004

Daiei, Misawa to get IRCJ bailout

The Industrial Revitalization Corp. of Japan made it official Tuesday: It will support ailing retailer Daiei Inc. and Misawa Homes Holdings Inc. in what would be the biggest and probably the last case taken on by the bailout agency.

Longform

A small shrine perched atop rocks braves the waves hitting the shoreline during a storm in Shimoda, Shizuoka Prefecture. The area is under threat of a possible 31-meter-high tsunami if an earthquake strikes the nearby Nankai Trough.
If the 'Big One' hits, this city could face a 31-meter-high tsunami