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BUSINESS
Jun 20, 2001

Kokusai execs to resign over violations

Kokusai Securities Co. said Tuesday that three of its executives will resign today over a violation of the Securities and Exchange Law that led to the second-tier brokerage being ordered to suspend operations.
BUSINESS
Jun 13, 2001

'Happoshu' pumps up beer market

Japan's market for beer and "happoshu," the low-malt drink that is similar to beer, increased 2.9 percent in May from the previous year, thanks to good sales of the latter, according to data released Tuesday by the country's five major brewers.
BUSINESS
May 31, 2001

Kamisu picked as fifth LPG site

The governmental Japan National Oil Corp. said Wednesday it has picked the town of Kamisu, Ibaraki Prefecture, as the site for a storage tank it will build to store liquefied petroleum gas under the nation's 1.5-million ton LPG stockpiling program.
BUSINESS
May 30, 2001

Major traders Mitsui, Sumitomo eye alliance

Trading houses Mitsui & Co. and Sumitomo Corp. have agreed on a wide-ranging business tieup that includes integrating their sales of construction materials and steam coal, a Mitsui spokesman said Tuesday.
JAPAN / Media / MEDIA MIX
May 27, 2001

Cosmetics companies give themselves a makeover

Truth in advertising has never been a strong concept in Japan, but no one flouts it as boldly as the cosmetics industry, which is understandable, since makeup itself is a form of deception. One company's antiwrinkle cream is said to "prevent aging," an obvious impossibility, while the manufacturer of...
BUSINESS
May 26, 2001

Lower fees drag Wowow into red

Satellite broadcaster Wowow Inc. said Friday it fell into the red for the first time in six years in fiscal 2000 due to cuts in subscription fees and growth in costs for adding subscribers.
BUSINESS
May 25, 2001

Banks cautioned against second waivers

A second waiver for struggling companies whose debts were partially forgiven once should be given by banks only in exceptional cases, Financial Services Minister Hakuo Yanagisawa said Thursday.
BUSINESS
May 24, 2001

Sumitomo Heavy posts 28.6 billion yen net loss

Sumitomo Heavy Industries Ltd. said Wednesday its group net loss swelled to 28.61 billion yen in fiscal 2000 from the previous year's 6.33 billion yen, remaining in the red for three years in a row on sluggish revenues and heavy restructuring costs.
BUSINESS
May 24, 2001

Hankyu profits jump to 6 billion yen

Hankyu Department Stores Inc. said Wednesday its group pretax profit for fiscal 2000 jumped 25.2 percent to 6.21 billion yen despite a sales drop of 2 percent to 394.96 billion yen.
BUSINESS
May 23, 2001

Mitsui Fudosan logs first profit since '95

Major real estate firm Mitsui Fudosan Co. said Tuesday it logged its first consolidated net profit in five years in fiscal 2000, thanks to structural reforms in its management.
BUSINESS
May 22, 2001

Cost-cutting returns IHI to profits

said Monday it restored profitability in fiscal 2000 for the first time in two years, thanks to cost-reduction efforts and management restructuring. It registered a consolidated net profit of 9.21 billion yen, against a net loss of 79 billion yen the previous year. Its group pretax profit came to 28.06...
BUSINESS
May 19, 2001

KDDI reports net profits surge of 318% for fiscal 2000

KDDI Corp., the nation's No. 2 telecom operator, announced Friday its earnings results for fiscal 2000, which ended in March.
BUSINESS
May 19, 2001

Meager gains in premiums precede mergers of insurers

Increased competition saw premium revenue rise only incrementally at Japan's largest property insurance companies, according to fiscal 2000 earnings reports released Friday.
BUSINESS
May 11, 2001

Net profit at Bandai soars 906.7%

Bandai Co., Japan's largest toy maker, said Thursday its group net profit skyrocketed 906.7 percent in fiscal 2000 to 12.9 billion yen on strong sales of its character goods and one-off gains from the sale of some of its shareholdings in affiliates.
BUSINESS
May 11, 2001

Uniden establishes new unit in U.S.

Telecom equipment manufacturer Uniden Corp. said Thursday it has set up a new company in the United States to sell phones for business use.
EDITORIALS
May 9, 2001

WHO takes on the tobacco lobby

Tobacco causes 4 million deaths each year -- one life every eight seconds. Unless action is taken, that number is expected to grow to 10 million by 2030. Government representatives convened in Geneva last week under the auspices of the World Health Organization to resume discussion on the world's first...
BUSINESS
May 4, 2001

Disabled drivers call for more specialized options

With the nation's population aging rapidly and disabled people leading more active lives, Japanese automakers have turned much of their attention to introducing specially designed "welfare vehicles" in recent years.
JAPAN
May 1, 2001

Release of bilingual CD aims to soothe Tokyo-Seoul discord

Cultural exchanges between Japan and South Korea have made steady progress since the first deregulation of Japanese popular culture in South Korea in 1998, according to Kiyomi Kaneko, secretary general of the Foundation for Promotion of Music Industry and Culture (Promic).
Events
May 1, 2001

Baseball fans clear air about stars 'Spaceman' Shinjo, 'boring' Ichiro

OSAKA -- While most of Japan has celebrated the American success of Ichiro Suzuki, baseball fans in the Kansai region are sharply divided in their enthusiasm for the Seattle Mariners newest superstar.
BUSINESS
Apr 24, 2001

Appliance output to be cut in wake of law

Major consumer electronics makers plan to cut production of four kinds of electric appliances in the April-June period to counter an expected fall in sales following the April 1 introduction of a new recycling law that temporarily pushed up demand.
JAPAN
Apr 24, 2001

Food delivery firms beset by slump, glut

Consumer cooperatives and companies delivering food door-to-door face rough going amid prolonged lackluster consumption and fierce distribution competition.
BUSINESS
Apr 14, 2001

Troubled retailer Mycal jolted by 87.3 billion yen loss

OSAKA -- Troubled retailer Mycal Corp. said Friday that it incurred a consolidated net loss of 87.29 billion yen in the year that ended in February, leaving it in the red for the third straight year.
JAPAN
Apr 12, 2001

Fashion school tied to tax dodge

Bunka Gakuen, the Tokyo-based operator of noted fashion school Bunka Fashion College, failed to declare some 250 million yen in income over a five-year period up to March 2000, sources close to tax authorities said Wednesday.
LIFE / Digital
Apr 12, 2001

Nintendo best positioned to rule

While Sony had the head start and Microsoft the marketing millions, as the battle lines become clearer, it appears that Nintendo may be best positioned to rule over the next generation of videogames.
COMMENTARY
Apr 5, 2001

Collision tests U.S.-China ties

The collision between a Chinese Air Force fighter and a U.S. reconnaissance aircraft in international airspace over the South China Sea represents an unfortunate, unplanned, but nonetheless important test of the maturity of the Sino-U.S. relationship and of the Chinese leadership. Thus far, Beijing appears...
CULTURE / Music / J-POPSICLE
Apr 4, 2001

And the Gold Disc goes to... well, what did you expect?

Show-biz awards ceremonies -- who needs 'em? They're formulaic, plastic, inane, banal, maudlin, crass . . . There's no end to the pejoratives one can use to describe them.
JAPAN
Mar 31, 2001

Government blocks Yokohama's betting tax plan

The national government on Friday refused approval for Yokohama's plan to impose a tax on horse racing bets organized by the quasi-public Japan Racing Association.
BUSINESS
Mar 24, 2001

Chip makers to make 20% cut in capital outlays

Five major Japanese semiconductor makers are expected to reduce their combined capital investment by around 20 percent in fiscal 2001 due to uncertainty over demand for information technology products, industry sources said Friday.
SOCCER / J. League
Mar 9, 2001

J. League bets on Toto

This year, Japanese soccer fans (and others) can take part in "Toto," the nation's first soccer "lottery," which, effectively, is a form of betting on J. League games.
BUSINESS
Mar 8, 2001

Hitachi Chemical sees profit rise

Major synthetic resin maker Hitachi Chemical Co. said Wednesday it has revised upward its parent-only net profit projection for fiscal 2000 to 7.9 billion yen from the 6 billion yen forecast earlier.

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?