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BUSINESS
Mar 20, 2002

Nippon Suisan to post 16 billion yen loss

Nippon Suisan Kaisha Ltd., Japan's second-largest seafood supplier, said Tuesday it anticipates parent-only net losses of 16 billion yen for the 2001 business year to March 31, a reversal from earlier forecast profits of 1.7 billion yen.
BUSINESS
Mar 14, 2002

Furukawa Electric to see red for '01

Furukawa Electric Co. said Wednesday it expects to fall into the red in fiscal 2001 as the slump in information technology businesses in North America affected sales of the company's fiber-optic products.
BUSINESS
Mar 2, 2002

Toshiba and Mitsubishi to set up power venture

Toshiba Corp. and Mitsubishi Electric Corp. said Friday that they have agreed to set up a joint venture in April to integrate their electric power transmission and distribution businesses.
BUSINESS
Mar 2, 2002

Mitsui to increase stake in affiliate

Mitsui Fudosan Co. said Friday it will make its affiliate Mitsui Real Estate Sales Co. into a wholly owned subsidiary on Oct. 1 through a share-swap scheme.
BUSINESS
Mar 1, 2002

Hitachi expects bigger net loss for fiscal 2001

Hitachi Ltd. said Thursday it anticipates a consolidated net loss of 480 billion yen for the 2001 business year, up from 230 billion yen forecast in October.
Japan Times
JAPAN
Feb 26, 2002

Supermarket has no beef about providing information

Retailer Aeon Co. has installed a computer system at a supermarket in Kanagawa Prefecture that tells consumers about the beef it sells, including data on mad cow disease tests, the company said.
BUSINESS
Feb 19, 2002

Kyowa Hakko to sell all liquor units to Asahi

Kyowa Hakko Kogyo Co., a major manufacturer of fermented chemicals, has agreed to sell off its alcoholic beverage operations, which have accounted for roughly a quarter of its consolidated sales, to Asahi Breweries Ltd., the two companies said Monday.
BUSINESS
Feb 16, 2002

Fujita seeks integration with Mitsui-Sumitomo

As banks and the government desperately work to solve the issue of mounting problem loans, many of which were extended to the construction industry, financially troubled contractor Fujita Corp. said Friday that it plans to merge its key construction division with Mitsui Construction Co. and Sumitomo...
BUSINESS
Feb 16, 2002

Asahi Mutual to cut stock losses

Asahi Mutual Life Insurance Co. said Friday it will raise 150 billion yen and cut its shareholding losses by 400 billion yen by March 31 in a bid to regain customer trust and stop policy cancellations.
Japan Times
JAPAN / WORKING IT OUT
Feb 7, 2002

Early retirement, outplacement, or just pink slip?

Makoto Kawamura, 51, felt he had few options left when the medium-size life insurer he worked for collapsed and a U.S. firm took over management.
BUSINESS
Feb 6, 2002

Key economic index goes bust for entire year

Japan's key economic index came in below 50 percent in December -- its 12th consecutive month under the boom-or-bust line -- as weak consumption and severe unemployment continued to weigh down the economy, the government said Tuesday in a preliminary report.
BUSINESS
Feb 1, 2002

Tokio, Asahi Mutual scrap tieup

The merger of Tokio Marine & Fire Insurance Co. and Asahi Mutual Life Insurance Co.'s life insurance businesses, touted for March 2003, has been scrapped. The decision, reached during a meeting Thursday morning between Tokio Marine President Kunio Ishihara and Asahi Mutual President Yuzuru Fujita, has...
BUSINESS
Feb 1, 2002

Kinki tourism firm hit by terror fears

OSAKA -- Kinki Nippon Tourist Co. said Thursday that fiscal second-half sales in western Japan of its Holiday brand overseas package tours are likely to drop 39 percent from a year earlier.
BUSINESS
Jan 30, 2002

Contractors Sumitomo, Mitsui eye integration

Sumitomo Construction Co. and Mitsui Construction Co. admitted Tuesday that they are discussing integration of their management.
JAPAN
Jan 25, 2002

Meiji Life to merge with Yasuda Mutual

Meiji Life Insurance Co. and Yasuda Mutual Life Insurance Co. announced plans Thursday to merge by April 2004, putting the heat on other life insurers to follow suit in a bid to survive share price plunges, cutthroat competition and a decline in policyholders.
BUSINESS
Jan 12, 2002

Ailing Daiei looks to unload baseball team, dome

Troubled Daiei Inc. is planning to sell a majority of its shares in the Fukuoka Daiei Hawks baseball team and its ballpark, the Fukuoka Dome, as part of efforts to reduce its massive interest-bearing debts, according to company sources.
BUSINESS
Jan 11, 2002

Foreign investors do U-turn

Foreign investors remained net buyers of Japanese stocks in 2001, but their buying excess visibly tapered off in the second half of the year.
BUSINESS
Jan 10, 2002

Key economic gauge remains below boom-or-bust line

The key gauge of the state of the economy remained below the boom-or-bust line of 50 percent in November for the 11th straight month due to persistently weak production and severe unemployment, the government said Wednesday in a preliminary report.
BUSINESS
Jan 9, 2002

Uniqlo earnings outlook is revised downward

The operator of the Uniqlo casual clothing store chain said Tuesday it has revised downward its earnings forecast for the current business year due to significant declines in sales.
BUSINESS
Jan 5, 2002

Mazda lets buyers fine-tune Roadster

If you are a fan of Mazda Motor Corp.'s Roadster, shopping for your next new car might be a little different than what you expect.
COMMUNITY / Our Lives / PERSONALITY PROFILE
Dec 29, 2001

Tetsuya Kobayashi

Early in his career at the Imperial Hotel, Tokyo, when he was still on the bottom rung of the ladder, Tetsuya Kobayashi was sent to the Kamikochi Imperial Hotel. Part of his duties there were the cleaning-up operations. "I shall never forget my first experience," he said. "While I was working, I was...
Japan Times
JAPAN / INTERNATIONAL RATIONALE
Dec 19, 2001

Foreign retailers relying on adaptability to survive

When French retailer Carrefour and U.S.-based Costco Wholesale Corp. opened their outlets in Makuhari, Chiba Prefecture, a year ago, many saw the foreign stores as a threat to domestic supermarkets.
Japan Times
JAPAN / LAST CALL FOR SAKE
Dec 12, 2001

Sake purists are feeling the pinch as recession reins in the big spenders

NIIGATA -- Motoaki Isono, the 73-year-old owner of a tavern called Suzuden in Tokyo's Minato Ward, said the name Niigata no longer works magic in alluring serious sake drinkers.
BUSINESS
Dec 11, 2001

Swiss drug giant Roche to get control of Chugai

Chugai Pharmaceutical Co. and F. Hoffmann-La Roche Ltd. announced Monday that they will enter a strategic tieup that will place the Japanese drug maker under the umbrella of its Swiss partner but retain the Chugai name.
BUSINESS / TAKING STOCK
Dec 11, 2001

Nikkei set to test 11,500

Share prices on the Tokyo Stock Exchange have begun rebounding since the key Nikkei average confirmed its second bottom at 10,030 on Nov. 12 following its fall to 9,504 on Sept. 17.
BUSINESS
Dec 7, 2001

Economy still lagging under 50%

The government said Thursday its key gauge of the economy remained below the boom-or-bust line of 50 percent in October, marking its 10th consecutive month under this line.
JAPAN
Nov 30, 2001

'Yakiniku' promotion aims to lure back diners

An online promotion to boost falling sales of "yakiniku," or barbecued meat, will be launched Saturday amid consumer concerns over mad cow disease, organizers said.

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