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BUSINESS
May 23, 2002

Nissan Diesel nets 600 million yen profit

Nissan Diesel Motor Co. said Wednesday a decline in group sales due to reduced sales volume in the 2001 business year was offset by an expansion in group net profits resulting from cost cuts.
BUSINESS
Apr 12, 2002

Mazda drives up earnings estimates

Mazda Motor Corp. said Thursday it has upwardly revised its fiscal 2001 earnings estimates, thanks to the favorable impact of cost-cutting efforts and a weakened yen.
SOCCER / J. League / ON THE BALL
Mar 26, 2002

JAWOC puts fans on hold

A commercial running on Japanese TV at the moment shows an astronaut being told to go on a space trip by his boss. He complains, saying that he has tickets for some World Cup games. But his boss insists he has to go. The astronaut reluctantly goes leaving his tickets on the floor. The boss picks them...
BUSINESS
Mar 19, 2002

Wal-Mart spells chaos for already shaken industry

The entry into Japan of Wal-Mart Stores Inc. of the United States, the world's largest retailer, will throw the industry into chaos as it struggles for survival amid the deepening recession.
BUSINESS
Mar 9, 2002

Sluggish spending hits service sector

Billing by credit card companies edged up 0.6 percent in January from a year earlier for the second-smallest gain on record, the trade ministry said Friday in a preliminary service industry report.
JAPAN
Feb 20, 2002

Mitsubishi Materials Kenzai, Nozawa suspected in price cartel

The Fair Trade Commission searched about 30 Mitsubishi Materials Kenzai Corp. and Nozawa Corp. outlets Tuesday on suspicion they ran an illegal sales cartel for construction materials.
COMMUNITY
Feb 17, 2002

'Konbini wars' coming to a street corner near you

A young woman running late for a job interview realizes she's forgotten her lipstick. Minutes later, a 70-year-old steps into a store to buy some oolong tea and finds he's out of cash. Turn the clock forward to midnight, and a bachelor steps off the last train home wondering where he can find a bite...
BUSINESS
Feb 6, 2002

Honda net profit jumped 73.8% in third quarter

Honda Motor Co. said Tuesday its group net profits in the October-December quarter shot up 73.8 percent from a year earlier to 82.26 billion yen on higher sales and a weaker yen.
BUSINESS
Feb 5, 2002

Moody's cuts debt ratings for Toshiba, NEC amid IT slump

Moody's Investors Service Inc. said Monday that it has cut the senior unsecured debt ratings of Toshiba Corp. and NEC Corp., Japan's second- and third-largest electronics makers, citing decreased profitability and the ongoing slump in the information-technology industry.
BUSINESS
Feb 2, 2002

Sharp expects to ride wave of recovery in Europe, U.S.

Electronics manufacturer Sharp Corp. expects its group sales and consolidated profits to mark double-digit year-on-year growth in the next business year, buoyed by economic recovery in overseas markets, President Katsuhiko Machida said Friday in Tokyo.
BUSINESS
Jan 29, 2002

Crude oil imports decrease 1.4%

Japan imported 1.55 billion barrels of crude oil in 2001, down 1.4 percent from the year before and the first dip in two years, the Ministry of Economy, Trade and Industry said Monday.
JAPAN
Jan 28, 2002

More fraud allegations emerge in Snow debacle

Compiled from wire services Scandal-ravaged Snow Brand Food Co. faced fresh allegations Sunday that it asked a storage contractor to lie about how much beef was in a container in order to cash in on a government mad cow subsidy.
JAPAN
Jan 27, 2002

Snow Brand's products taken off menus at schools

OSAKA -- Education boards in Osaka, Nara and Shimane prefectures as well as 10 cities across Japan have decided to remove Snow Brand group products from school meals in the wake of the beef labeling scandal at Snow Brand Food Co., according to a Kyodo News survey.
BUSINESS
Jan 11, 2002

Matsushita Electric Industrial to streamline group firms

Matsushita Electric Industrial Co. formally announced Thursday that it will transform five group firms into wholly owned subsidiaries Oct. 1.
BUSINESS
Jan 9, 2002

Sanyo ties up with China's Haier

OSAKA -- Sanyo Electric Co. said Tuesday it has signed a wide-ranging business tieup with Haier Group Co., China's largest home appliance manufacturer.
CULTURE / Music / J-POPSICLE
Dec 26, 2001

Tower's pop fire flickers?

A lot of people in the music biz -- not to mention regular music fans -- were shocked by reports that surfaced last week to the effect that all or part of Tower Records' Japanese operations will be sold.
BUSINESS
Dec 7, 2001

Two pipe makers agree to set up joint company

Mitsubishi Plastics Inc. and Sekisui Chemical Co. said Thursday they have agreed to a tieup in the field of polyvinyl chloride pipes, featuring the formation of a joint company to control production.
BUSINESS
Nov 23, 2001

NTT reports 262 billion yen net loss for '01 first half

The Nippon Telegraph and Telephone group reported its first interim net loss Thursday, brought on by special losses of 762.4 billion yen incurred by failed investments in overseas carriers.
BUSINESS
Nov 20, 2001

JR East and JR Tokai doing OK

East Japan Railway Co. (JR East) and Central Japan Railway Co. (JR Tokai) fared relatively well, but West Japan Railway Co. (JR West) registered weak earnings for the first half of fiscal 2001, according to their midterm earnings reports released by Monday.
Events / Events Outside Tokyo
Nov 18, 2001

Booksellers looking for competitive edge online

E-commerce ventures have been flourishing in Japan, and they are expected to bring dramatic changes to the nation's traditional book distribution business.
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.

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