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BUSINESS
Feb 6, 2003

Matsushita missed boat on camera phones: exec

Matsushita Electric Industrial Co. missed its goal of capturing 25 percent of Japan's cellular phone market because of its late introduction of camera phones, the head of the company's mobile communications unit said. Panasonic brand cell phones finished 2002 with less than 20 percent of the domestic...
BUSINESS
Feb 5, 2003

Sumitomo posts 24.4% profit rise

Sumitomo Corp. said Tuesday it chalked up a group net profit of 36.62 billion yen for the April-December period, up 24.4 percent from the same period a year earlier.
BUSINESS
Feb 4, 2003

Mitsubishi Electric sees profit surge

Mitsubishi Electric Corp. said Monday its business group posted a net profit of 1.1 billion yen during the October-December term, a turnaround from a net loss of 38.4 billion yen in the same period a year earlier.
Japan Times
JAPAN
Jan 21, 2003

Alleged swindler pleads innocent

The founder of an investment group pleaded not guilty Monday to swindling individuals out of more than 1 billion yen through a bogus investment scheme promising high dividends.
CULTURE / Music / J-POPSICLE
Jan 19, 2003

Independent music was the smart alternative in '02

2002 was not a vintage year, to put it mildly, for the Japanese music industry. Sales of CDs were down for the fourth straight year, and just one single -- female vocalist Ayumi Hamasaki's "H" (Avex) -- topped the million-sales mark during the year, compared with five in 2001.
Japan Times
COMMUNITY
Jan 12, 2003

Shopping queen shelves host 'illusion'

Popular writer Usagi Nakamura is known to many Japanese as "Shoppingu no Joo (The Queen of Shopping)," which is also the title of her popular column in the weekly magazine Shukan Bunshun. Nakamura, 44, who describes herself as "shop dependent," writes frankly about how she impulsively purchases luxury...
COMMENTARY
Jan 6, 2003

Time to rock economic boat

After remaining in the doldrums for more than 10 years, the Japanese economy is now plagued by deflation. The Tokyo Stock Exchange's benchmark Nikkei index has fallen to the 8,500 level, and the nation's unemployment rate remains high. Last fall the government announced a policy package for expediting...
Japan Times
COMMUNITY
Dec 22, 2002

Home sweet family Christmas

It's almost Christmas, and children all over the world are getting more excited with each passing day, dreaming and chattering about what presents will await them on Christmas morning.
BUSINESS
Nov 29, 2002

Yanase to hand import rights on two cars over to GM unit

Yanase & Co., a car dealer specializing in foreign vehicles, said Thursday it will transfer the import rights relating to two foreign car makes to the Japanese unit of U.S. auto giant General Motors Corp.
BUSINESS
Nov 29, 2002

Konami turns in strong performance

Major game maker Konami Corp. said Thursday it posted strong earnings for the fiscal first half and more than doubled its midterm dividend.
BUSINESS
Nov 29, 2002

Cigarette tax examined as reform item

A tax hike on cigarettes is being considered as part of tax reforms for fiscal 2003, Chief Cabinet Secretary Yasuo Fukuda said Thursday.
BUSINESS
Nov 26, 2002

Kumagai Gumi, Hazama report plunges in profits

Midsize general contractors Kumagai Gumi Corp. and Hazama Corp. on Monday reported sharp declines in sales and profits for the first half to Sept. 30, blaming a shrinking construction market and mounting debts.
BUSINESS
Nov 23, 2002

Snow sees 45 billion yen loss in first half

Snow Brand Milk Products Co. said Friday it posted a group net loss of 45.36 billion yen for the first half of this business year, due largely to hefty restructuring charges aimed at reviving the ailing dairy giant.
JAPAN
Nov 22, 2002

Beaujolais Nouveau imports likely to establish new record

Imports of Beaujolais Nouveau are climbing toward a record high this year thanks to aggressive marketing campaigns by importers.
BUSINESS
Nov 22, 2002

Matsumotokiyoshi profit up 22%

Matsumotokiyoshi Co., the nation's largest drug store chain, said Thursday its group pretax profit for the first half to Sept. 30 rose 21.9 percent from a year earlier to 6.8 billion yen.
BUSINESS
Nov 21, 2002

Nissan Diesel tumbles into the red

Major truck maker Nissan Diesel Motor Co. said Wednesday that its group net balance fell into the red in the first six months of fiscal 2002 because it had to set aside large provisions for sales credits that may become uncollectible due to the anemic economy.
BUSINESS
Nov 21, 2002

Starbucks sees interim profit fall 55% in fiscal first half

Starbucks Coffee Japan Ltd. said Wednesday its net profit for the first half dropped 54.9 percent year-on-year to 220 million yen, battered by the declining popularity of its coffee shops.
BUSINESS
Nov 21, 2002

Citizen Watch has healthy first half

Citizen Watch Co. said Wednesday its group net profit for the first half to Sept. 30 surged 229.9 percent from a year earlier to 2.87 billion yen despite a 7.4 percent decline in sales to 154.79 billion yen.
BUSINESS
Nov 13, 2002

Cost-cutting efforts drive Marubeni out of the red

Major trading house Marubeni Corp. said Tuesday it returned to the black on a consolidated basis for the six months through September, posting a group net profit of 17.8 billion yen thanks to a reduction in sales and administrative expenses and the removal of loss-making subsidiaries from its books....
BUSINESS
Nov 12, 2002

Nikon logs big group net loss in first half

Major optical equipment maker Nikon Corp. announced Monday it posted a group net loss of 3.48 billion yen for the first half of the business year due to the slump in the semiconductor market and restructuring costs.
Japan Times
BUSINESS
Nov 12, 2002

Mitsubishi reveals to media multiplatform Colt compact

Mitsubishi Motors Corp. unveiled Monday the new Colt compact as its first model using a platform jointly developed with German-American auto giant DaimlerChrysler AG.
BUSINESS
Nov 8, 2002

Teijin posts net loss of 1.08 billion yen

Teijin Ltd. on Thursday reported a group net loss of 1.08 billion yen for the fiscal first half ended Sept. 30, citing poor clothing and textile sales and restructuring costs.
Japan Times
BUSINESS / Companies
Oct 18, 2002

Soap maker gets healthy dose of mayo market

Some consumers unwittingly used mayonnaise to style their hair when, in the 1920s, this exotic condiment was first introduced in Japan.
BUSINESS
Sep 25, 2002

Nissan Diesel reveals restructuring program

Nissan Diesel Motor Co. announced a new three-year restructuring program Tuesday that will help it reduce its interest-bearing debt to 250 billion yen by the end of March 2006 from about 420 billion yen at the end of last March.
BUSINESS
Sep 14, 2002

Mazda to sell unit rights to Sandvik

Mazda Motor Corp. said Friday it will sell the operating rights of its wholly owned subsidiary Mazda Earth Technologies Co. to Sandvik Tamrock Japan Co., an affiliate of Sweden's Sandvik Group, on Nov. 1.
BUSINESS
Sep 10, 2002

Taisho and Toyama conclude tieup accord

Taisho Pharmaceutical Co. and Toyama Chemical Co. said Monday they have concluded a tieup agreement that features the establishment of a joint sales company and the acquisition by Taisho of a major equity stake in Toyama.
BUSINESS
Aug 31, 2002

64 billion yen bailout saves Arai-Gumi

OSAKA -- Struggling general contractor Arai-Gumi Ltd. said Friday it has agreed with Konoike Construction Co. to form a capital and operational alliance, a move orchestrated by their main lender, Sumitomo Mitsui Banking Corp., to assist Arai-Gumi.
Japan Times
CULTURE / TV & Streaming / CHANNEL SURF
Aug 25, 2002

The man who holds the purse strings

For better or worse, the Ryukyu Islands, whose most prominent member is Okinawa, have produced more major J-pop acts since 1995 than any other part of Japan save Tokyo.

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?