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BUSINESS
Nov 18, 2003

Fuji Heavy reports 50% decline in operating profit

Fuji Heavy Industries Ltd. said Monday its consolidated operating profit in the first half of fiscal 2003 tumbled 50.4 percent from the same period last year to 18.31 billion yen.
Japan Times
COMMUNITY
Nov 9, 2003

In with le new!

It's Beaujolais Nouveau time again, and Japan -- despite its piffling per capita consumption of just three bottles of wine a year -- will suddenly become a nation of tipplers and quaffers (if not connoisseurs) of this fresh-from-the-vine red wine from France.
BUSINESS
Aug 9, 2003

McDonald's cuts annual forecast

Struggling restaurant chain McDonald's Holdings Co. (Japan) on Friday cut its full-year earnings forecast by about 50 percent due to weak sales during the first half of the year.
BUSINESS
Jul 30, 2003

Sharp net profit surged 13.5% in first quarter

Consumer electronics firm Sharp Corp. said Tuesday it chalked up a consolidated net profit of 14.05 billion yen in the first quarter of the current business year, up 13.5 percent from a year earlier.
Japan Times
BUSINESS
Jul 25, 2003

Rainy season pours cold water on recovery

The rain clouds hovering over most of Japan are not just drenching people -- they are also blighting the earnings outlook for corporate Japan.
BUSINESS
Jun 20, 2003

Vehicle market expected to expand

Vehicle sales in Japan will expand this year to 5.85 million units from the 5.79 million recorded last year, the chairman of the Japan Automobile Manufacturers Association said Thursday.
Japan Times
BUSINESS / INDUSTRY TRENDS
Jun 19, 2003

Ice cream companies turning to high-end treats

Facing a steady decline in sales of traditional ice cream, domestic frozen treat makers are turning their eyes to the upscale market -- a growing sector so far dominated by Haagen-Dazs.
BUSINESS
Jun 6, 2003

Capital investment slides for sixth quarter in row

Capital investment dropped 3 percent in the January-March period from a year earlier, down for the sixth consecutive quarter, according to a Finance Ministry survey released Thursday.
Japan Times
BUSINESS / FRONT-RUNNERS
Jun 3, 2003

Sanyo charging ahead in cell phone battery sector

Chances are if you use a mobile phone equipped with a camera, it's powered by a Sanyo battery.
BUSINESS
Apr 26, 2003

Mazda reports near threefold profit surge

Mazda Motor Corp.'s group net profit for the year through March nearly tripled from the previous year to 24.1 billion yen, due to large reductions in operating costs and the appreciation of the euro against the yen, the company announced Friday.
BUSINESS
Feb 22, 2003

Publisher Kodansha slips into red

Kodansha Ltd. fell into the red for the first time since World War II in the year through Nov. 30, due to weakening magazine sales, a company spokesman said Friday.
BUSINESS
Feb 5, 2003

Hitachi shoots into black

Hitachi Ltd. announced Tuesday that it posted a group net profit of 1.3 billion yen in the October-December quarter -- in stark contrast to a net loss of 115.8 billion yen a year earlier -- due to reduced costs and solid sales growth.
BUSINESS
Jan 25, 2003

Sapporo lowers projections for group earnings

Sapporo Breweries Ltd. said Friday it has lowered its consolidated earnings projections for its 2002 business year, which ended Dec. 31, due to falling sales of beer and "happoshu," as well as appraisal losses on its stockholdings.
BUSINESS
Jan 24, 2003

The colonel hit hard by downturn

Hit by tighter consumer purse strings, Kentucky Fried Chicken Japan Ltd. announced Thursday that its consolidated net profit dropped 15.2 percent to 1.38 billion yen in the business year that ended in November.
BUSINESS
Jan 12, 2003

Daiei to scrap tie-up with electronics discounter

Daiei Inc. said Saturday it will scrap a sales tieup with Yamada Denki Co., a move that will force the troubled retail giant to review its strategy for increasing slumping sales of household appliances.
JAPAN
Jan 8, 2003

Japanese escape woes in 'Boogie Wonderland'

Middle-aged disco lovers in Japan boogie to the sounds of a past era, when flares, platform shoes and gold medallions were cool and the economy was on the upswing.
Japan Times
BUSINESS
Nov 22, 2002

Automakers launch price war

Automakers are waging a price war in an attempt to lift sales amid the prolonged recession.
BUSINESS
Nov 19, 2002

NTT posts first-ever fall in consolidated revenues

Telecom giant Nippon Telegraph and Telephone Corp. reported Monday that its consolidated sales fell 1.7 percent to 5.37 trillion yen in the fiscal first half to Sept. 30, marking the first-ever decline in revenue since the firm's privatization in 1985.
Japan Times
LIFE / Digital / NAME OF THE GAME
Nov 7, 2002

PlayStation stays ahead of the pack

When it comes to video games, Sony is the company that does no wrong.
JAPAN
Sep 13, 2002

Farm ministry files complaints

The farm ministry filed criminal complaints Thursday against the former chiefs of three sales offices of a Nippon Meat Packers Inc. subsidiary on suspicion of defrauding the government out of nearly 10 million yen.
JAPAN
Aug 31, 2002

Meat packers fill Nippon Ham void

OSAKA -- Meat processing firms will continue to increase production in September as sales at Nippon Meat Packers Inc., stung by a beef-mislabeling scam at its subsidiary, Nippon Food Inc., are expected to continue to decline, according to industry sources.
BUSINESS
Aug 10, 2002

Foreigners end six-month buying spree

Nonresident investors turned net sellers on the Tokyo, Osaka and Nagoya bourses in July for the first time in six months, with a record number of stocks sold.
BUSINESS
Aug 9, 2002

Asahi Breweries lowers group earnings outlook

Asahi Breweries Ltd. said Thursday its group fiscal 2002 midterm net profit soared due to smaller extraordinary losses, but a decline in sales has prompted it to lower consolidated earnings projections.
JAPAN / INTERNATIONAL RATIONALE
Jul 9, 2002

Dell turns to consumer market in quest to be No. 3

As the nation's personal computer market shrinks, competition is intensifying, and the Japanese unit of U.S.-based Dell Computer Corp. is becoming a rising force with its low-cost business model.
BUSINESS
Jun 11, 2002

Domestic retailers brace for Seiyu-Wal-Mart impact

Japan's retail industry, suffering from a decade-long economic slump and the advance of powerful specialty discount stores, is gearing up to compete with another formidable player.
BUSINESS
May 18, 2002

Ajinomoto net balance in the black

Ajinomoto Co. said Friday its group net balance returned to the black in the year that ended March 31 due mainly to increased sales of pharmaceuticals and dietary supplements. Consolidated net profit in fiscal 2001 came to 31.44 billion yen, a turnaround from the previous fiscal year's loss of 11.55...
BUSINESS
May 16, 2002

Yamaha Motor posts record profits for '01

Yamaha Motor Co. said Wednesday it posted record group pretax profits of 32.7 billion yen in fiscal 2001, up 30.3 percent from a year earlier.
BUSINESS
May 10, 2002

Bandai reports 34.5% increase in pretax profit

Bandai Co., the nation's biggest toy maker, said Thursday its group pretax profit jumped 34.5 percent to 1.99 billion yen in the year that ended March 31 thanks to brisk sales in Japan and abroad.

Longform

Growing families are being priced out of Tokyo’s condo market, forced to choose between downtown convenience and suburban space.
Is living in central Tokyo still affordable?