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August 27, 2025
 

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BUSINESS
Mar 1, 2003

With Sogo recovering Wada takes on Seibu

Shigeaki Wada, who has successfully navigated the Sogo department store chain out of bankruptcy, began his second successive resuscitation job Friday, taking the helm of now troubled Seibu Department Stores Ltd.
Japan Times
BUSINESS
Mar 1, 2003

Executive, academic to head revival body

The Cabinet decided Friday to appoint a former Nomura Securities Co. executive and a high-profile academic to lead a proposed government-backed entity tasked with restructuring indebted firms and revitalizing industries.
Japan Times
BUSINESS
Feb 27, 2003

228.9 billion yen debt sinks Dutch-style theme park

Huis Ten Bosch Co., operator of a 17th century Dutch theme park in Sasebo, Nagasaki Prefecture, collapsed under 228.9 billion yen in debt Wednesday after Mizuho Holdings Inc. cut off funding in a race to resolve problem loans.
BUSINESS
Feb 22, 2003

FSA targets sham capital boosts

The Financial Services Agency will get tough on banks that offer conditional loans to convince borrowers to buy their stocks as a way to boost their capital base, FSA officials said Friday.
BUSINESS
Feb 21, 2003

Haseko plans holding firm for three condo service units

Haseko Corp. said Thursday it will establish a holding company April 1 to control three of its subsidiaries in charge of services-related business.
BUSINESS
Feb 19, 2003

Desperate firms offer shareholders incentives

The number of companies offering shareholders special benefits, including compact discs and gold coins, has been increasing and now stands at three times the figure a decade ago.
BUSINESS
Feb 18, 2003

Kyowa Hakko sets up U.S. unit

Kyowa Hakko Kogyo Co., a Japanese biotechnology and pharmaceutical company, announced Monday the creation of a new unit in the United States to develop and market monoclonal antibodies and other biological technologies and businesses.
BUSINESS
Feb 17, 2003

Sumitomo Mitsui will issue 250 billion yen in shares

In an effort to boost its capital, Sumitomo Mitsui Financial Group Inc. will issue an additional 250 billion yen in shares by the end of March, it was learned Sunday.
BUSINESS
Feb 13, 2003

Takara Bio links up on gene therapy

Takara Bio Inc. said Wednesday it has agreed in principle to tie up with Italian drug venture MolMed S.p.A. to develop and commercialize three gene therapy techniques. Two of the treatments are for cancer, the other is for AIDS.
BUSINESS
Feb 11, 2003

Aeon unit sells bedclothes subsidiary

Supermarket chain Aeon Co. said Monday its U.S. arm, Aeon (U.S.A.) Inc., has sold to a Mexican firm all shares in a wholly owned subsidiary that makes bedclothes and other bedding items.
BUSINESS
Feb 11, 2003

Bank capital guidelines due by late March

The government will come up with guidelines by the end of March for assessing efforts by banks to increase their capital, according to Financial Services Minister Heizo Takenaka.
BUSINESS
Feb 6, 2003

Mizuho gets OK to increase issuance of preferred shares

Mizuho Holdings Inc. held an extraordinary shareholders' meeting Wednesday in which it was given the green light to raise the ceiling on preferred share issues -- a measure aimed at bolstering its capital by 1 trillion yen to accelerate bad-loan disposal.
BUSINESS
Feb 6, 2003

Japan Telecom Co. buyer sought

Japan Telecom Holdings Co., a unit of British wireless giant Vodafone Group PLC, said Wednesday it is in talks with several firms, including U.S. investment fund Ripplewood Holdings LLC, over the sale of its fixed-line subsidiary, Japan Telecom Co.
Japan Times
BUSINESS
Feb 4, 2003

Service firms in Darwinian struggle to get to top of food chain

Global food service giants are making inroads into the nation's office and hospital cafeterias, triggering mergers and acquisitions in the world's second-largest institutional meal market.
BUSINESS
Feb 1, 2003

Mizuho told to boost loans to small firms

The Financial Services Agency on Friday ordered Mizuho Holdings Inc., the world's largest banking group in terms of assets, to increase loans to smaller companies and submit guidelines for doing so by the end of this month.
COMMENTARY / World
Jan 31, 2003

Lifetime of missed chances

LONDON -- On Jan. 22, two of the world's leading powers celebrated the 40th anniversary of a remarkable reconciliation. At the historic Palace of Versailles, France's President Jacques Chirac and Germany's Chancellor Gerhard Schroeder toasted a treaty signed in 1963 by their visionary predecessors, Charles...
BUSINESS
Jan 30, 2003

KDDI eyes mobile standardization

KDDI Corp. said Wednesday it will meet with China Unicom Ltd. and Korea Telecom Freetel Inc. of South Korea to discuss a uniform technological standard for cell phones and the mutual use of video games and other software.
BUSINESS
Jan 12, 2003

Daiei to scrap tie-up with electronics discounter

Daiei Inc. said Saturday it will scrap a sales tieup with Yamada Denki Co., a move that will force the troubled retail giant to review its strategy for increasing slumping sales of household appliances.
Japan Times
BUSINESS
Jan 10, 2003

Focus on cheaper premiums pays off for AFLAC

Consumers going after cheaper products do little to help the nation's deflation woes and usually end up hurting companies in the form of declining sales revenues.
BUSINESS
Jan 9, 2003

Three firms given 'integrity awards'

Developer Mitsubishi Estate Co., industrial waste recycler Daiseki Co. and Mizuho Trust & Banking Co. were honored Wednesday as the most "sincere" companies in Japan.
BUSINESS
Jan 8, 2003

Minolta and Konica plan union under holding firm

Konica Corp. and Minolta Co., two of the nation's leading manufacturers of camera and office equipment, announced Tuesday that they will merge their businesses under a holding company in August to survive in the increasingly competitive market.
BUSINESS
Jan 8, 2003

DoCoMo hit by Moody's downgrade

Moody's Investors Service Inc. said Tuesday it has changed the outlook for the Aa1 senior long-term debt ratings on NTT DoCoMo Inc., Japan's dominant mobile phone operator, to negative from stable.
BUSINESS
Nov 26, 2002

Japan's key banking groups post net profits for first half

All but one of the nation's seven largest banking groups posted net profits in the first half through September despite shouldering 1.1 trillion yen in credit costs for bad loans, according to earnings reports released Monday.
JAPAN
Nov 17, 2002

Daiwa official suspected of insider trading

A former division chief at Daiwa Securities SMBC Co. allegedly earned more than 3 million yen in February through insider trading, sources close to the case said Saturday.
BUSINESS
Nov 13, 2002

Firms link in communication venture

Procket Networks Inc., a U.S. company specializing in the development of high-speed information communication systems, announced Tuesday that it has established a joint venture in Tokyo with three Japanese network companies.
Japan Times
JAPAN
Nov 9, 2002

Social responsibility a safe investment

One Akiyama thrived in the fast-paced, high-stakes world of finance for 18 years, working as a U.S. government bond trader for several brokerages in Tokyo and New York. Until about a year ago.
Japan Times
BUSINESS
Nov 8, 2002

DoCoMo group profit plummets

NTT DoCoMo Inc. said Thursday its group net profit for the fiscal half plummeted 95.3 percent year-on-year to 4.17 billion yen, due to hefty appraisal losses on its overseas investments.
Tokyo releases AI-generated video of Mount Fuji erupting
A screenshot from an AI-generated video showing what could happen to Tokyo if Mount Fuji erupted
Japan aims to tighten rules for business manager visas from October
The number of foreign residents with business management residency status had reached a record 41,615 as of the end of 2024.
Japanese prefectures break with labor ministry on minimum wage
The ministry of labor has suggested a 6% minimum wage increase, but most prefectures reporting so far are opting to go slightly higher.
Japan ranked one of the most peaceful places in Asia as global tensions rise
Visitors look at paper cranes hung at Peace Park in Nagasaki on Aug. 8, a day ahead of the 80th anniversary of the World War II atomic bombing of the city.
Misinformation over JICA’s Africa ‘hometown’ initiative sparks controversy
Prime Minister Shigeru Ishiba arrives at a photo session for the Tokyo International Conference on African Development as South African President Cyril Ramaphosa reacts, in Yokohama, last week.
Japanese prefectures break with labor ministry on minimum wage
The ministry of labor has suggested a 6% minimum wage increase, but most prefectures reporting so far are opting to go slightly higher.
Philippines quietly deepening ‘unofficial’ defense ties with Taiwan
Filipino soldiers take part in a flag-raising ceremony on Mavulis Island during a visit by the Philippines' Armed Forces chief of staff, in Batanes, the Philippines, in June 2023. Batanes, a group of idyllic islands at the country’s northernmost tip, sits about 160 kilometers from Taiwan.
Are 'coolcations' the answer for Japan's heat-weary tourists?
Hikers on a trail in Hakuba, Nagano Prefecture. As extreme heat continues to grip Japan, a tectonic shift may be underway in the nation’s summer tourism scene as more people gravitate toward cooler destinations.
Germany's first sakemaker offers a bold brew of ideas
Reigen, Germany's first sake brewery, makes a diverse, nontraditional range of sake that includes fruit-flavored sips and wine barrel-aged renditions.

Podcast

One of the many entrances to the Kabukicho neighborhood in Tokyo’s Shinjuku Ward.
Kabukicho: Tokyo’s ‘stadium of desire’

Longform

Tetsuzo Shiraishi, speaking at The Center of the Tokyo Raids and War Damage, uses a thermos to explain how he experienced the U.S. firebombing of March 1945, when he was just 7 years old.
From ashes to high-rises: A survivor’s account of Tokyo’s postwar past
By Alex K.T. Martin

SUSTAINABLE JAPAN

Smile! It’s ‘Sanrio Time,’ now and ever after
Smile! It’s ‘Sanrio Time,’ now and ever after

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