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BUSINESS
May 24, 2003

Scandal-hit Snow posted major loss in fiscal 2002

Snow Brand Milk Products Co. continued to struggle in fiscal 2002, suffering a group net loss of 27.1 billion yen for the year that ended in March, the scandal-tainted dairy said Friday.
BUSINESS
May 23, 2003

JFE's profit better than expected

JFE Holdings Inc., created last September by the integration of NKK Corp. and Kawasaki Steel Corp., has reported a group net profit of 15.95 billion yen for the year through March 31.
EDITORIALS
May 20, 2003

On the brink of another recession

Japan's economy appears on the brink of yet another recession -- the fourth in a decade. The nation's gross domestic product -- the total value of goods and services produced at home -- remained flat in real terms, not including price effects, in the first three months of the year, according to data...
BUSINESS
May 16, 2003

Corporate bankruptcies slide for fourth month

Corporate bankruptcies fell 7.7 percent in April from a year earlier to 1,514, down for the fourth consecutive month, Teikoku Databank Ltd. said Thursday.
BUSINESS
May 15, 2003

MHI saw profit rise 30% in 2002

Mitsubishi Heavy Industries Ltd. said Wednesday that its group net profit jumped 29.8 percent in fiscal 2002 to 34.33 billion yen.
BUSINESS
May 14, 2003

Nichirei sees net profit rise 28.4%

Nichirei Corp. said Tuesday its group net profit in fiscal 2002 rose 28.4 percent from the previous year, thanks to the strong performance of its processed food and food wholesale divisions.
BUSINESS
May 14, 2003

JR East posts increases in revenue, profit

East Japan Railway Co. reported Tuesday an increase in revenue and consolidated profit in fiscal 2002, despite seeing a 3 billion yen decline in its core transport business due to the sluggish business environment, officials said.
BUSINESS
May 13, 2003

Nikon 2002 figures deeper in red

Nikon Corp. said Monday it fell deeper into the red with a consolidated net loss of 8.14 billion yen in fiscal 2002, against a loss of 6 billion yen the previous year.
BUSINESS
May 10, 2003

Sorting out the recent fuss over pension funds, share prices

Thought Tokyo stock prices could fall no further? Think again. Corporate pension managers are poised to sell between 2 trillion yen and 3 trillion yen worth of stocks in the coming months -- and think tanks estimate that figure could double.
BUSINESS
May 10, 2003

Nippon Steel posts 51.7 billion yen loss

Nippon Steel Corp.'s group net loss widened to 51.69 billion yen in the 2002 business year, up from 28.40 billion yen the previous year, due to restructuring-related losses and appraisal losses on land and stockholdings.
BUSINESS
May 9, 2003

Kokuyo swings back into black

Office supplies maker Kokuyo Co. said Thursday it swung back into the black in fiscal 2002, posting a group net profit of 231 million yen against a loss of 1.42 billion yen the previous year.
Japan Times
BUSINESS
May 3, 2003

Minivehicle, truck makers hope to cash in on hybrid market

With the success of the Toyota Prius, a gasoline-electric hybrid compact that debuted in 1997, such models have become a major focus of an automotive industry eager to clear tougher environmental regulations and improve its image.
BUSINESS
May 2, 2003

Namco sets deadline for Sega answer on merger

Video game maker Namco Ltd. said Thursday that rival Sega Corp. has until May 9 to make a decision on a merger proposal submitted by Namco.
Japan Times
BUSINESS
Apr 25, 2003

Travel agencies open theme branches to lick SARS, Iraq war

Amid the sharp decline in the number of Japanese taking overseas trips, travel agencies are opening novelty branches to lure customers.
BUSINESS
Apr 23, 2003

Seibu to dismiss 250 employees at four outlets due for closure

Seibu Department Stores Ltd. will dismiss about 250 full-time employees at four outlets to be closed later this year in line with the firm's restructuring drive, company sources said Tuesday.
BUSINESS
Apr 22, 2003

Hoya logs record-high pretax profit

Optical glass and eyeglass maker Hoya Corp. said Monday its group pretax profit for the 2002 business year, which ended March 31, rose 11.1 percent from the previous year to a record 50.87 billion yen.
Japan Times
BUSINESS
Apr 18, 2003

Suzuki prepares a 'mini' blitz

Suzuki Motor Corp., Japan's top minivehicle maker three decades running, is preparing an assault on the global market with a new line of compact cars, according to company President Hiroshi Tsuda.
Japan Times
BUSINESS / INDUSTRY TRENDS
Apr 17, 2003

Big screens on grand scale win back new generation of film fans

The magic of Harry Potter and "The Lord of the Rings" may not be the only reason that people are returning to movie theaters.
BUSINESS
Apr 15, 2003

Corporate bankruptcies record 5.6% slide in fiscal 2002

A total of 18,928 companies went bankrupt in the 2002 business year, down 5.6 percent from a year earlier and the first decline in two years, Teikoku Databank Ltd. said Monday.
BUSINESS
Apr 11, 2003

Seven-Eleven earnings up 23rd straight year

Convenience store chain Seven-Eleven Japan Co. said Thursday it racked up its 23rd consecutive year of record earnings in the year through Feb. 28, thanks to aggressive store openings.
BUSINESS
Apr 11, 2003

Takashimaya swings to net profit

Takashimaya Co. said Thursday its group net balance swung into the black for the year to Feb. 28 but that its consolidated revenue and pretax profit dropped due to continued economic stagnation.
Japan Times
JAPAN / INTERNATIONAL RATIONALE
Apr 9, 2003

Domestic firms missing out on slice of medical device market

Dr. Kiyoshi Namba is a hard-core believer in medical technology. A breast cancer specialist, Namba has invested heavily in state-of-the-art medical equipment at his two clinics in Miyazaki Prefecture, claiming this provides exactly what he needs to counter the killer disease -- the earliest detection...
BUSINESS
Apr 4, 2003

First over-the-counter sleeping pills hit stores amid barrage of inquiries

The country's first over-the-counter sleeping pills hit shelves Thursday, with their maker forecasting that the drug could meet its original sales target for the year within the first month.
Japan Times
COMMUNITY
Mar 30, 2003

Lock & key

KAZUYOSHI UEHARA -- not the Kazuyoshi Uehara -- rang the doorbell. He sensed a pause, a hesitation, an interrupted action -- his imagination no doubt -- and tensed slightly as approaching footsteps grew audible.
BUSINESS
Mar 29, 2003

Tokyo consumer prices fell 0.9% in '02

The key gauge of consumer prices in Tokyo fell 0.9 percent in 2002, down for a record fourth straight year and indicating the increasing deflationary pressure across the country, according to a government report released Friday.
BUSINESS
Mar 27, 2003

Five Wal-Mart execs join Seiyu's board

Struggling supermarket chain Seiyu Ltd. said Wednesday that five representatives of Wal-Mart Store Inc. have joined its board of directors, formalizing the U.S. retail giant's involvement in Seiyu's management.
Japan Times
COMMUNITY
Mar 23, 2003

English text lays bare a secret

Fanc a trip to a not-so-secret but hitherto inaccessible part of Japan?
Nissan to solicit early retirements while eyeing plant closures in Japan
Nissan's Oppama plant in Yokosuka, Kanagawa Prefecture, may be closed as part of the struggling carmaker's streamlining efforts.
Australian firm produces heavy rare earth, in first outside China
The Lynas Rare Earths processing plant in Kalgoorlie, Western Australia
Police arrest Chinese man in Saitama hit-and-run case
Police questioned a man who turned himself in as he closely resembled the driver recorded on the dashcam of another vehicle that happened to pass by the scene of a hit-and-run incident in Saitama Prefecture.
Wholesalers may be behind elevated retail rice prices
Wholesalers added ¥7,593 on average to their selling prices for stockpiled rice, far more than the ¥2,206 to ¥4,689 added for the 2022 rice.
Success of Chinese-made fighter jets against India raises alarm in Asia
Chinese J-10 fighter jets from the People's Liberation Army Air Force August 1st Aerobatics Team perform during a media demonstration at the Korat Royal Thai Air Force Base, Nakhon Ratchasima province, Thailand, in November 2015.
Agnes b. Japan CEO hopes to evolve the brand with focus on sustainability
Laurent Patouillet, the CEO and president of Agnes b. Japan, says the focus of its business is to remain independent, and evolve and adapt.
In Nintendo’s backyard, foreign indie game devs are thriving
Kyoto's gaming landscape is dominated by Nintendo's headquarters, but a contingent of foreign-born indie developers is also working in the gaming giant's shadow.
Akazawa's dilemma: no tariff deal or a half-baked deal
Chief tariff negotiator Ryosei Akazawa and his delegation in the Oval Office of the White House in April. Since then, Japan's trade negotiations with the U.S. have produced no tangible results.
Nissan hoping to electrify home crowd as Formula E returns to Tokyo
Nissan's Oliver Rowland drives during qualifying for Miami E-Prix at Homestead Motor Speedway in Homestead, Florida, on April 12.
For his first feature film, director Ryuya Suzuki created a masterpiece
"Jinsei," which follows its protagonist over a century, probes themes of identity and societal issues with a dark comic touch. The director, however, says he created the story without knowing where it would lead.

Podcast

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

Longform

A sinkhole in Yashio, which emerged in January, was triggered by a ruptured, aging sewer pipe. Authorities worry that similar sections of infrastructure across the country are also at risk of corrosion.
That sinking feeling: Japan’s aging sewers are an infrastructure time bomb
By Alex K.T. Martin

SUSTAINABLE JAPAN

Fujitsu crafts sustainable innovation for itself, society
Fujitsu crafts sustainable innovation for itself, society

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