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JAPAN
Jul 18, 2004

Mitsubishi Tokyo plans UFJ fund injection

Mitsubishi Tokyo Financial Group Inc. plans to inject some 300 billion yen in capital into UFJ Holdings Inc. by September to help the UFJ group accelerate disposal of bad loans ahead of their planned merger in the first half of fiscal 2005, according to financial sources.
JAPAN
Jul 17, 2004

Sumitomo Trust tries to block tieup

Sumitomo Trust & Banking Corp. on Friday filed an application with the Tokyo District Court to seek an injunction to halt merger talks between UFJ Holdings Inc. and Mitsubishi Tokyo Financial Group Inc., saying the UFJ group's decision to cancel its plan to sell UFJ Trust Bank to Sumitomo is a breach...
Japan Times
BUSINESS
Jun 29, 2004

Stay-at-home sales agents cash in on Internet revolution

Housewife Tomoko Kobayashi puts on her Web businesswoman's hat at 9 a.m., after all her morning chores are out of the way.
BUSINESS
Jun 26, 2004

Investors vent spleen on execs at UFJ Holdings

Investors lashed out at executives of UFJ Holdings Inc. on Friday over the firm's dismal performance and its alleged misconduct ahead of government inspections.
BUSINESS
May 18, 2004

AOL Japan to transfer Net business to eAccess

America Online Inc. of the United States will effectively withdraw from Internet connection services in Japan as its wholly owned Japanese subsidiary decided to turn over its business to a Tokyo firm, the subsidiary said Monday.
BUSINESS
Apr 17, 2004

Daiei exceeded earnings target for 2003

Struggling retailer Daiei Inc. said Friday it beat its earnings target for the year that ended Feb. 29, helped by sales campaigns cashing in on its professional baseball team's national championship.
BUSINESS
Mar 25, 2004

Broadcasters set to offer digital services for mobile phones

Japan Broadcasting Corp. (NHK) and five private broadcasters said Wednesday they will start offering terrestrial digital broadcasting services for mobile phones by the end of fiscal 2005, marking the first such venture in history.
BUSINESS
Mar 11, 2004

Kadokawa eyes Nippon Herald stake

Publishing house Kadokawa Holdings Inc. said Wednesday it will obtain a stake of about 43 percent in Nippon Herald Films Inc., putting the movie distribution company under its control.
BUSINESS
Mar 2, 2004

Renown, D'urban form holding company

Apparel makers Renown Inc. and D'urban Inc. on Monday established Renown D'urban Holdings Inc. through a share exchange deal and integrated their operations in a bid to overcome a difficult market environment.
BUSINESS
Jan 6, 2004

Rakuten, Lawson in ticket alliance

Rakuten Inc., the nation's largest Internet shopping mall operator, and convenience store operator Lawson Inc. said Monday they have forged an alliance on selling tickets for concerts, movies and other kinds of entertainment.
BUSINESS
Nov 21, 2003

Rakuten to add online brokerage to its portfolio

Rakuten Inc. officially announced Thursday it will acquire an online brokerage, DLJdirect SFG Securities Inc., marking the latest shopping spree by the nation's largest Internet shopping mall operator.
BUSINESS
Nov 15, 2003

Rakuten to buy online brokerage

The nation's largest Internet shopping mall operator has agreed to acquire online brokerage DLJdirect SFG Securities Inc. by the end of the year.
BUSINESS
Nov 12, 2003

Rakuten eyes online brokerage niche

Rakuten Inc., the nation's largest Internet shopping mall, will enter the online brokerage sector by purchasing DLJdirect SFG Securities Inc., industry sources said Tuesday.
BUSINESS
Oct 29, 2003

UFJ Holdings triples forecast for group profit

UFJ Holdings Inc. on Tuesday tripled its group net profit forecast for the first half of the fiscal year that ended Sept. 30, thanks to strong profits from bond trading, and a tax rebate and interest from the Tokyo Metropolitan Government.
BUSINESS
Oct 23, 2003

Takeda Chemical sues three firms

Takeda Chemical Industries Ltd. said Wednesday it has filed lawsuits targeting three companies over alleged patent infringements concerning a diabetes drug in the United States.
JAPAN
Sep 20, 2003

Mizuho, nine others cut back projections

Mizuho Financial Group Inc. and nine other banks responded to business-improvement orders Friday by cutting their projected fiscal 2003 earnings.
Japan Times
BUSINESS
Sep 18, 2003

FSA to scrutinize bank earnings

Financial Services Minister Heizo Takenaka said Wednesday his agency plans to impose heavy penalties on banks that manipulate earnings reports for the year through next March.
BUSINESS
Aug 27, 2003

Elpida Memory to create semiconductor subsidiary

Elpida Memory Inc., the sole domestic supplier of dynamic random access memory chips, said Tuesday it will establish a wholly owned semiconductor manufacturing subsidiary Sept. 1.
Japan Times
BUSINESS
Jun 28, 2003

Resona shareholders divided over bailout

OSAKA -- Resona Holdings Inc. shareholders were split Friday into those who excused the banking group for being bailed out with taxpayers' cash and those who demanded former executives take further responsibility.
Japan Times
BUSINESS
Jun 27, 2003

AIG seeks 'organic' growth in insurance industry

The tortoise, and not the hare, is more comfortable in the climate of Japan's life insurance sector.
BUSINESS
Jun 27, 2003

Apologies the norm at shareholders' meetings

Top managers at several major firms apologized to shareholders Thursday over a variety of corporate scandals, including the arrests of former board members.
BUSINESS
Jun 12, 2003

Ex-Sony chief to donate retiree benefits to Nagano town

Norio Ohga, former chairman and president of Sony Corp., plans to donate all 1.6 billion yen of his retirement benefits after taxes to the town of Karuizawa, Nagano Prefecture, company and town officials said Wednesday.
Japan Times
BUSINESS / INTERNATIONAL RATIONALE
Jun 7, 2003

As assets begin to shift overseas, investors latch on to bonds

One of myriad brochures offering trips to Zurich, Geneva and Luxembourg aimed at Japan's well-to-do offers the provocative call "Now is the time to evacuate your assets!"
BUSINESS
Jun 5, 2003

Ohga to get 1.6 billion yen in Sony retirement deal

Sony Corp. plans to pay 1.6 billion yen in retirement allowances to Honorary Chairman Norio Ohga, who resigned as a board member in January, according to a company letter sent to shareholders by Wednesday.
BUSINESS
Jun 2, 2003

Millennium Retailing born from Seibu, Sogo coupling

Seibu Department Stores Ltd. and Sogo Co. integrated their operations Sunday to form one of Japan's largest department store groups.
Japan Times
BUSINESS
May 31, 2003

Resona applies for 1.96 trillion yen

Resona Holdings Inc. formally applied Friday for an injection of 1.96 trillion yen in public funds and presented a restructuring program to the government that featured cuts in personnel and expenses as a condition for the bailout.
Japan Times
BUSINESS
May 27, 2003

Banks remain in the red for second straight year

Japan's seven major banking groups stayed mired squarely in the red for the second year in a row, spending more than 5 trillion yen to dispose of bad loans and shouldering over 3 trillion yen in stock-related losses for the 12 months ended March, business results confirmed Monday.
COMMENTARY
Mar 25, 2003

Weak tobacco pact reflects Japan's lukewarm attitude

The member-nations of the World Health Organization have recently approved a draft Framework Convention on Tobacco Control (FCTC), putting an end to four years of negotiations. The draft is expected to be adopted at the general meeting of the WHO in May, and will take effect after 40 countries have ratified...

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