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BUSINESS
May 18, 2002

Showa Shell turns focus toward customers' needs

With most of its restructuring completed, Showa Shell Sekiyu K.K. is now focusing on stimulating customer demand by improving its products and services, according to John S. Mills, the new president of the country's fourth-largest oil wholesaler.
BUSINESS
May 16, 2002

Mazda returns to profitability

Mazda Motor Corp. said Wednesday it returned to the black in the 2001 business year thanks to cost-cutting measures and a weakened yen.
BUSINESS
May 16, 2002

Trading house Mitsubishi logs 34.6% profit drop

Trading house Mitsubishi Corp. said Wednesday its group net profits in fiscal 2001 plunged 34.6 percent, primarily due to a 51.5 billion yen fall in securities sales.
Japan Times
JAPAN / WEEKEND WISDOM
May 12, 2002

Former top executive attempts to save Japan Inc. with ethics

What is the root cause of corporate failure?
BUSINESS
May 11, 2002

Softbank posts 88.76 billion yen net loss

Internet business investor Softbank Corp. dipped into the red in the year that ended March 31, due to costs to build infrastructure for broadband online services and a devaluation of the firm's stockholdings, company officials said Friday.
BUSINESS
May 9, 2002

DoCoMo profits vanish into writeoffs

After years of spectacular growth, NTT DoCoMo Inc. on Wednesday said group net profits in fiscal 2001 plunged 99.8 percent to 862 million yen due to losses on strategic foreign investments.
BUSINESS
May 9, 2002

Extraordinary losses keep Shiseido in the red

Shiseido Co., the nation's largest cosmetics maker, said Wednesday it remained in the red in the 2001 business year due to appraisal losses on its shareholdings and other extraordinary losses stemming from product recalls.
COMMUNITY
May 5, 2002

A plastic menagerie for kids of all ages

"Instead of only children, we started to think about what we could sell to people in their 30s, 40s or 50s."
CULTURE / TV & Streaming / CHANNEL SURF
Apr 28, 2002

A suck-up, a thumbs up

Ever since SMAP-man Goro Inagaki returned from self-imposed exile, during which he supposedly reflected on his heinous parking infraction, he seems to be everywhere, as if he were making up for lost time. Perhaps as a spoof on his capacity to demonstrate self-effacement, he's currently starring in his...
Japan Times
COMMUNITY
Apr 27, 2002

When a contract contracts, and what comes after

Visitors to Hakone last autumn are most probably still talking about it. How they were in a cable car and saw a Japanese man in another car, traveling in the opposite direction, standing on his head and swiveling his hips 180 degrees with legs splayed open.
BUSINESS
Apr 26, 2002

Sony sales figures defy 2001 slowdown

Sony Corp. defied the worldwide slowdown in fiscal 2001 by logging record consolidated sales, thanks to a sharp increase in sales of the PlayStation2 game console and a weakening of the yen, company officials said Thursday.
BUSINESS
Apr 19, 2002

Mazda to release 36 new models as it accelerates out of the red

Mazda Motor Corp. President Mark Fields said Thursday that the company plans to launch 36 new models over the next couple of years, following expectations that it has returned to profitability in the just-ended fiscal year.
JAPAN
Apr 18, 2002

Probe ordered into Marubeni unit

The farm ministry on Wednesday ordered Marubeni Chikusan Corp., a unit of trading house Marubeni Corp., to launch a full investigation into a mislabeling scandal involving its chicken products.
MORE SPORTS
Apr 18, 2002

JRFU to start new national tourney

Japan Rugby Football Union went a long way to improving rugby in Japan both on the domestic and international front with the news last week that it was abandoning the traditional company championship for a new nationwide 12-team tournament starting in September 2004.
BUSINESS
Apr 6, 2002

Mining firms eye alliance on copper

Nippon Mining & Metals Co. and Mitsui Mining & Smelting Co. said Friday they will soon begin talks to fully integrate their copper operations by expanding their ongoing alliance to cover production.
EDITORIALS
Mar 31, 2002

Wal-Mart, Sprawl-Mart

Two weeks ago, Wal-Mart Stores Inc. announced a deal with local supermarket chain Seiyu that would give the U.S. cut-price retail colossus a foothold in the Japanese market: a 6.1 percent share in Seiyu now, with an option to increase its stake to two-thirds by the end of 2007. The announcement has been...
COMMENTARY
Mar 25, 2002

There's more to a name than meets the eye

As someone who has crossed the Pacific Ocean over 450 times since 1956, I am constantly fascinated by the similarities and differences between the United States and Japan. Among the challenges facing someone who lives in both societies is that what is so positive in one country can often be so negative...
Japan Times
BUSINESS
Mar 25, 2002

Sumitomo, Mitsui Chemicals unite to weather tough times

As a global wave of consolidation sweeps through the chemicals industry, Sumitomo Chemical Co., Japan's second-largest chemicals maker, is trying to get a jump on its domestic rivals by merging with industry No. 3 Mitsui Chemicals Inc.
BUSINESS
Mar 20, 2002

Daiei seeks government handout

As part of its rebuilding efforts, debt-saddled supermarket chain Daiei Inc. filed with the government Tuesday for tax breaks and other preferential treatment under the industrial rehabilitation law, government officials said.
BUSINESS
Mar 20, 2002

Okinawa Cellular may get regulatory break

The telecommunications minister hinted Tuesday that Okinawa Cellular Telephone Co. may remain free from regulations governing "dominant" mobile phone operators even though its controls a large share of the market in Okinawa Prefecture.
BUSINESS
Mar 19, 2002

Electronics titans aim for LSIs

Hitachi Ltd. and Mitsubishi Electric Corp. announced Monday that they will set up a joint venture to integrate their semiconductor businesses relating to system LSIs, or large-scale integrated circuit chips.
Japan Times
COMMUNITY
Mar 17, 2002

The Steiff of teddy-bear legend

Cute. In Japan, there's cuteness wherever you look -- Hello Kitty, Tare Panda, The Dog, etc., etc. But from next month to September 2003, Japanese people will be able to glimpse the creativity behind the cuteness of that cuddliest of all cuddlies -- the teddy bear -- when Germany-based Margarete Steiff...
BUSINESS
Mar 5, 2002

Hazama shrugs off rumor of Sato Kogyo linkup

Construction firm Hazama Corp. rejected suggestions Monday that it is considering integrating its management with Sato Kogyo Co. or other companies, or that it is seeking additional financial aid from its creditor banks.
BUSINESS
Mar 5, 2002

Tepco plans 7% rate cut

Tokyo Electric Power Co. said Monday it will cut electricity rates by an average of 7.02 percent in April under a three-year business plan aimed at bolstering its competitiveness.
JAPAN
Feb 25, 2002

Tama mayor arrested in garbage firm bribery case

Police on Sunday searched the Tama mayor's office and other places for evidence that Mayor Kunihiko Suzuki accepted bribes from the head of a Tokyo waste-collection company. Suzuki was arrested Saturday.
BUSINESS
Feb 22, 2002

Matsushita looking at losses of 438 billion yen

Matsushita Electric Industrial Co. said Thursday it expects to log consolidated net losses of 438 billion yen in fiscal 2001.

Longform

Ichiro Suzuki, one of the most iconic players in NPB and MLB history, was elected to the Baseball Hall of Fame with 99.7% of the vote.
With Hall of Fame induction, Ichiro makes himself heard loud and clear