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BUSINESS
Nov 16, 2001

Mitsubishi sees its operating profits climb

Mitsubishi Corp. said Thursday its group operating profits climbed 63.5 percent to 35.75 billion yen in the fiscal first half to Sept. 30 on the strength of robust earnings in its energy business and a weak yen.
BUSINESS
Nov 14, 2001

Omron to intensify restructuring

Omron Corp. announced on Tuesday that it will embark on a new two-year restructuring program after chalking up consolidated net profits of 2.15 billion yen in the first half of fiscal 2001, down 73.8 percent from a year earlier.
BUSINESS
Nov 2, 2001

FSA tells Nippon Life to stop slurring rivals to sell policies

The Financial Services Agency on Thursday ordered Nippon Life Insurance Co. to change its sales practices after finding that the company slanders competitors to encourage individuals to switch firms.
BUSINESS
Oct 27, 2001

Toshiba, NEC report losses for first half of business year

Toshiba Corp. and NEC Corp. on Friday reported consolidated net losses for the first half of fiscal 2001, hit by the global slump in information technology and the worldwide economic slowdown.
BUSINESS
Oct 25, 2001

Fuel cells, IT on stage at motor show

MAKUHARI, Chiba Pref. -- The 35th Tokyo Motor Show opened to the media Wednesday, showcasing concept cars, motorbikes and the latest auto parts at the Makuhari Messe international event hall.
BUSINESS
Oct 24, 2001

Snow Brand expects deeper losses

Snow Brand Milk Products Co. said Tuesday it has lowered its earnings forecast for the six months to Sept. 30 and expects group net losses to grow to 14 billion yen, up from the previously estimated 11.5 billion yen.
JAPAN
Oct 19, 2001

Ministries declare beef safe on launch of cow-screening

The government on Thursday declared domestic beef to be free of mad cow disease and at the same time began a nationwide screening of cows for any signs of the disorder.
JAPAN
Oct 19, 2001

Meat industry hopeful over government pledge

Restaurants, distributors and food companies dealing with beef are hoping the government's safety declaration Thursday will help revive consumer demand for red meat. The government declared domestic beef to be free of mad cow disease in a bid to allay public fears following the discovery of the first...
BUSINESS
Oct 19, 2001

Mazda set to log group profit

Mazda Motor Corp. reversed its earlier projection of losses Thursday, saying it likely turned a group profit for the April-September first half of this year due to restructuring efforts.
BUSINESS
Oct 4, 2001

Yuasa lowers earnings forecasts

Storage battery maker Yuasa Corp. said Wednesday it has revised downward its group earnings forecasts for both the first half and full year of fiscal 2001 due to falling sales in its core battery business.
BUSINESS
Sep 15, 2001

Foreigners stay net buyers for fourth week

While major domestic players continued to unload their equity holdings, foreign investors remained net buyers of Japanese stocks last week for the fourth straight week.
BUSINESS
Sep 8, 2001

Steel firms drop earnings outlook

Five major steelmakers on Friday revised downward earnings forecasts for the year to March due to decreased profitability springing from flagging demand and product prices.
BUSINESS
Aug 25, 2001

Nipponkoa to gain Taiyo property unit as part of alliance

Mid-tier insurers Nipponkoa Insurance Co. and Taiyo Mutual Life Insurance Co. announced Friday a tieup that includes the merger of Nipponkoa and Taiyo's property insurance subsidiary in April.
BUSINESS
Aug 18, 2001

Foreign investors offload Japanese stocks

Foreign investors turned net sellers of Japanese stocks last week, adding to mounting selling pressure.
BUSINESS
Aug 15, 2001

ATM boom reflects banks' struggle for survival

Automated teller machines are reaching deeper into your neighborhood, offering a range of services, including some that are unprecedented in Japan.
BUSINESS
Aug 4, 2001

Sumitomo Rubber reports record profits

Sumitomo Rubber Industries Ltd. said Friday that it recorded unconsolidated pretax profits of 6.72 billion yen for the January-June period.
BUSINESS
Aug 2, 2001

Heat of summer ups demand for electricity, beer

The relentless summer sizzle has pushed electric power consumption to record highs and boosted consumer demand for summer-season staples -- especially beer.
JAPAN
Aug 1, 2001

Matsushita posts first group loss

Matsushita Electric Industrial Co. posted its first quarterly group operating loss in 30 years, because of a global slump in demand for technology, the electronics giant said Tuesday.
LIFE / Food & Drink
Jul 29, 2001

Shochu appeal goes supersonic

FUKUOKA -- Kyushu folk are feeling quite tickled about something at the moment: a shochu boom in bars around Japan. The surging popularity of this once-lowbrow spirit, which originated in Kyushu, suggests that its old-fogy image may be disappearing for good and that lucrative times lie ahead for the...
BUSINESS
Jun 29, 2001

Industrial output down for third straight month

Industrial output for May fell 1.2 percent from the previous month to mark the third consecutive month of decline, according to a preliminary report released Thursday by the Ministry of Economy, Trade and Industry.
COMMUNITY
Jun 17, 2001

From rice to riches

A small light bulb lit up above the head of Susumu Takeuchi when he was barely 24. And last year, his modest little business idea brought in 400 million yen.
JAPAN
Jun 13, 2001

Foreign rice growing on Japanese

Imports of foreign rice, which were only approved seven years ago, are increasing yearly, finding regular Japanese buyers and gaining in popularity amid an ethnic food boom.
BUSINESS
May 30, 2001

Haseko marks first pretax profit in three years

Housing contractor Haseko Corp. said Tuesday it registered a consolidated pretax profit in fiscal 2000 for the first time in three years, helped by brisk demand for condominiums.
BUSINESS
May 23, 2001

Dreamcast nightmare expands net loss at Sega

Video game maker Sega Corp. said Tuesday it posted a group net loss of 51.73 billion yen in fiscal 2000, deteriorating from the previous year's loss of 42.88 billion yen.
BUSINESS
May 22, 2001

TTNet back in the black to the tune of 3.66 billion yen

Tokyo Telecommunication Network Co. posted 3.66 billion yen in pretax profits for the year to March 31, marking a recovery from 635 million yen in losses the previous year, according to the firm's earnings report released Monday.
JAPAN
May 22, 2001

Matsushita, Hitachi mull tieup

Matsushita Electric Industrial Co. and Hitachi Ltd. are in the final stage of negotiating a cooperation pact that would allow them to streamline their home appliance units and compete more efficiently with foreign manufacturers.
BUSINESS
May 19, 2001

MHI posts group net loss for second year in a row

Mitsubishi Heavy Industries Ltd. reported Friday a consolidated net loss of 20.35 billion yen for the 2000 business year, falling into the red for the second consecutive year.
BUSINESS
May 17, 2001

Kyocera's profits surged in 2000

OSAKA -- Kyocera Corp. on Wednesday announced sharp increases in both group sales and pretax profit for fiscal 2000 but predicted declines in both sales and profits for the current fiscal year, citing the slowdown in U.S. growth.
BUSINESS
May 16, 2001

Drinkers guzzle more 'happoshu'

The nation's beer market grew 3.9 percent in April from the previous year, helped by the popularity of low-malt "happoshu" drinks, according to data released Tuesday by the country's five major brewers.
BUSINESS
May 15, 2001

Sanyo, IBM develop Net-connectable chip

OSAKA -- Sanyo Electric Co. and IBM have developed a new semiconductor for home appliances that can be connected to the Internet, Sanyo officials said Monday.

Longform

Dangami House is a 180-year-old former samurai residence of the Kato clan, who ruled over Ozu, Ehime Prefecture, until the Meiji Restoration.
A house, a legacy and the quiet work of restoration in rural Japan