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JAPAN
Feb 10, 1998

Hitachi revises net profit forecast for '97

Hitachi Ltd. on Tuesday sharply revised its forecast for consolidated net profits for the 1997 business year from 89 billion yen to 20 billion yen.
JAPAN
Jan 28, 1998

NEC's profit to plunge to 45 billion yen

Due to lackluster sales of personal computers and electronic devices, NEC Corp. announced Wednesday that its consolidated net profit will plunge to 45 billion yen in the 1997 business year, down 51 percent from its previous estimate of 80 billion yen."Investment in information technology was supposed...
JAPAN
Jan 19, 1998

Shochiku president, son ousted

In a corporate coup d'etat, the board of directors at film and theater giant Shochiku Co. removed President Toru Okuyama and his son, Kazuyoshi, a senior managing director, from their posts Monday.Shochiku, Japan's pioneer film company, known for its "Tora-san" series, decided to name Senior Managing...
JAPAN
Jan 19, 1998

Fuji to apply to build cars in China

Fuji Heavy Industries Ltd. will apply to Chinese authorities this year for a license to produce cars jointly with China Guizhou Aviation Industry Corp., the president of the Japanese automaker said Monday.The company also announced that it will provide support for German automaker Porsche AG in Japan...
JAPAN
Dec 24, 1997

Fortune names Sony chief Idei as Asia's top executive

U.S. business magazine Fortune has announced that Sony Corp. President Nobuyuki Idei has been chosen as its first Businessman of the Year in Asia.
JAPAN
Dec 4, 1997

Yamaichi to continue paying employees

Yamaichi Securities Co. will pay wages and retirement money to its employees in accordance with their labor contracts, an executive of the failed brokerage asserted Thursday.
JAPAN
Nov 21, 1997

Simul International folds

Simul International Inc., a major simultaneous service firm, effectively went bust Friday as it filed for "wagi" composition procedures with creditors, according to private credit research agency Teikoku Data Bank.
JAPAN
Oct 31, 1997

Hikari Tsushin rides crest of telecommunications wave

Staff writer
JAPAN
Oct 14, 1997

Toyota touts Prius hybrid car

Toyota Motor Corp. will become the world's first automaker to mass-produce and market a hybrid passenger car when it debuts the Prius in Japan later this year.The car, which combines a gasoline engine with an electric motor, will go on sale domestically Dec. 10 and retail for 2.15 million yen, the company...
JAPAN
Oct 3, 1997

Flat Pepsi hopes Suntory will add some fizz

Suntory Ltd. will become PepsiCo, Inc.'s master franchise in Japan for the next 30 years, managing all marketing, production and distribution of the American company's soft drinks, the two companies announced Oct. 3.The move is aimed at boosting sales in Japan by forming a sales and marketing alliance,...
JAPAN
Sep 8, 1997

Nisshin Steel forms holding firm

Nisshin Steel Co. on Sept. 8 announced the formation of a holding company for its U.S. subsidiary in New York last Sept. 2 to prepare for the expansion of U.S. business in the future.
JAPAN
Aug 29, 1997

OSE foreign section lists first firm

OSAKA -- Showpla Asia Ltd., a Singapore-based subsidiary and Asia headquarters of Showa Plastics Co., on August 29 became the first company to list on the foreign section of the Osaka Stock Exchange.
JAPAN
Aug 20, 1997

Reform bang may be too soft to shake up insurance sector

Staff writer
JAPAN
Aug 14, 1997

Yamaichi employee dies after street stabbing

An employee of Yamaichi Securities Co. was stabbed in the stomach on a Tokyo street late Aug. 14. He was rushed to a hospital but died soon afterward from loss of blood, police said. The man, identified by business cards found on the body, was 57-year-old Koichiro Tarutani, chief of the securities company's...
JAPAN
Aug 13, 1997

Old-style shopping areas fight to survive

Staff writer
JAPAN
Jul 30, 1997

Top brokerage to cut pay of board members, punish others

Following the announcement of administrative penalties against Nomura Securities Co. for its illegal dealings with a "sokaiya" corporate extortionist, Nomura will cut the salaries of its board members and punish 25 of its employees, President Junichi Ujiie said July 30.
JAPAN
Jul 25, 1997

Keidanren says private sector should make more effort

OYAMA, Shizuoka Pref. -- Business leaders should be more involved in accelerating the structural reforms that Prime Minister Ryutaro Hashimoto's government is currently trying to implement, top executives said July 25.
JAPAN
Jul 24, 1997

Keidanren sees solution in external auditors

OYAMA, Shizuoka Pref. -- Japanese firms need to create a strong system of checks and balances on management by hiring more external auditors, top business leaders agreed July 24 at the annual summer forum of the Japan Federation of Economic Organizations (Keidanren).
JAPAN
Jul 15, 1997

Azabu executives indicted over hidden funds

The Tokyo District Public Prosecutor's Office indicted on July 15 the president of Azabu Building Co. and an executive in charge of financial matters on suspicion of concealing some 1.3 billion yen in a secret account to prevent creditors from claiming its assets, office sources said.
JAPAN
Jul 8, 1997

Family sues Mercedes, dealers over husband's fiery death

OSAKA -- The family of a man killed when his car caught fire filed a lawsuit July 8 against the company that imported and sold him the vehicle as well as two car dealers that handled it.
JAPAN
Jun 24, 1997

American Malls remains optimistic about Japan plan

Despite what appears to be firm opposition from the agriculture ministry, American Malls International, a Washington-based developer, seems hopeful of opening a huge shopping mall in Moriya, Ibaraki Prefecture.
JAPAN
Jun 24, 1997

Police arrest 'sokaiya' over extortion attempt

A former "sokaiya" corporate racketeer was arrested June 24 in Tokyo over an alleged extortion attempt that involved an insurance company and magazine subscriptions.
JAPAN
Jun 6, 1997

Corporate wrongdoing fuels rise in shareholder lawsuits

As cases of misconduct involving major companies and corporate executives increase, so do lawsuits by shareholders seeking damages under the Commercial Code.
JAPAN
Jun 4, 1997

Electronic banking software to debut in August

Intranet Systems Inc. announced June 4 that it will start distributing software for an advanced electronic banking system in Japan in late August.
JAPAN
Jun 4, 1997

'Info-structure' next key to economic growth, expert says

People used to say that a nation needs infrastructure for its economy to grow. But today, according to a former head of a Canadian telecommunications equipment company, it is "info-structure" that plays a key role in a country's economic development.
JAPAN
May 30, 1997

Former Nomura president arrested

Hideo Sakamaki, a former president of Nomura Securities Co., was arrested by Tokyo prosecutors on May 30 on suspicion of approving illegal payoffs to a "sokaiya" corporate racketeer. Sakamaki, 61, is suspected of having conspired with former managing directors Shimpei Matsuki and Nobutaka Fujikura, and...
JAPAN
May 26, 1997

Izui denies bribing, is mum on fraud

Osaka-based oil dealer Junichi Izui pleaded not guilty May 26 to bribing a former official of Kansai International Airport Co., and postponed entering a plea on his fraud charge.
JAPAN
May 22, 1997

Asahi Solar ordered to halt 'persistent' sales practices

The Ministry of International Trade and Industry and the Tokyo Metropolitan Government on May 22 ordered Asahi Solar Co. of Oita, a leading maker of solar water heaters, to halt its aggressive home-call sales tactics, authorities said.
JAPAN
May 21, 1997

Weak yen helps lift Toyota profits to 620 billion yen

Supported by brisk sales and the weaker yen, Toyota Motor Corp. said May 21 that its unconsolidated pretax profit surged 82.1 percent to 620.4 billion yen -- the third-highest level for the firm -- in the 1996 business year that ended March 31.
JAPAN
May 20, 1997

Honda posts record net sales of 5.29 trillion yen

Backed by strong sales of its cars in Japan and major overseas markets, Honda Motor Co. posted record-high consolidated net sales of 5.29 trillion yen in the 1996 business year, up 24.5 percent from the previous year, the automaker announced May 20.

Longform

Koichi Tagawa’s diary entry from Aug. 9, 1945, describes the day of the atomic bombing of Nagasaki.
The horrors of Nagasaki, in first person