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BUSINESS
May 18, 2005

GMO to invest in Nippon Shinko

Internet service provider Global Media Online Inc. and several other Japanese firms are in final investment talks with Nippon Shinko Bank, industry sources said Tuesday.
BUSINESS
May 14, 2005

Resona pays 100 million yen to 130 victims of fraud

Resona Holdings Inc., the parent of Resona Bank and Saitama Resona Bank, has refunded 100 million yen to 130 victims of swindling.
BUSINESS
May 14, 2005

Nifco set to build new Thai plant

Industrial plastic parts manufacturer Nifco Inc. said Friday it will build a new plant in Thailand to meet growing orders from Japanese automakers.
BUSINESS
May 14, 2005

Sankyo president defends price of acquiring Daiichi

Brushing aside shareholder opposition, Sankyo Co. President Takashi Shoda on Friday defended his firm's decision to acquire Daiichi Pharmaceutical Co.
BUSINESS
May 14, 2005

Takara, Tomy agree to merge in 2006

Takara Co., Japan's No. 2 toy maker, and Tomy Co., the third-largest, said Friday they have agreed to merge March 1 next year.
BUSINESS
May 13, 2005

Steelmakers make hay as demand keeps rising

Strong global demand offset rising materials prices in fiscal 2004, allowing Japan's major steelmakers to log record earnings, according to earnings reports released through Thursday.
BUSINESS
May 13, 2005

Sompo Japan to ask ex-staff to cover baby leave

Sompo Japan Insurance Inc. will use former employees to cover the jobs of incumbent employees on child care leave from July, company officials said Thursday.
BUSINESS
May 11, 2005

NTT DoCoMo reports first decline in profit

NTT DoCoMo Inc. on Tuesday reported its first decline in both profit and revenue since it went public in 1998, after resorting to aggressive discount programs to lure subscribers.
BUSINESS
May 10, 2005

U.S. expert to preach the tough love of M&As

Thanks to play-by-play television coverage of Internet firm Livedoor Co.'s aborted attempt to takeover Fuji Television Network Inc., discussion about mergers and acquisitions has spread far beyond Tokyo's Otemachi business district.
BUSINESS / JAPANESE PERSPECTIVES
May 2, 2005

Transition to 'payoff' system went smoothly, but full impact unknown

On April 1, the government's limited deposit guarantee, known as the "payoff" system, took full effect as scheduled. So far, the measure hasn't resulted in any visible disturbances, such as a major shift of funds out of bank accounts. Why?
BUSINESS
Apr 28, 2005

Sony net profit skyrockets 85%

Sony Corp. said Wednesday its consolidated net profit for fiscal 2004 surged 85.1 percent to 163.84 billion yen, thanks to a strong performance by its movie unit.
BUSINESS
Apr 26, 2005

DoCoMo to end pager service in 2007

NTT DoCoMo Inc. said Monday it will stop offering pager services at the end of March 2007, pulling the plug on the nearly 40-year-old business due to decreasing subscribers.
JAPAN
Apr 25, 2005

More problems feared from bug in antivirus software

Trend Micro Inc. is warning that some companies may experience computer trouble Monday due to a bug in antivirus software that disables local area networks.
Japan Times
Features
Apr 24, 2005

Surreal circus of 'beasts' and beauties

Before the Heatherette show, during Fall 2005 New York Fashion Week, the paparazzi are doing what paparazzi do best: stalking their quarry with the determination of psychotic bounty hunters.
JAPAN
Apr 24, 2005

Bug in antivirus software hits LANs at JR East, some media

Computer local area networks at East Japan Railway Co. and some media organizations were inaccessible Saturday morning, apparently due to a bug in antivirus software made by Trend Micro Inc.
CULTURE / Books / THE ASIAN BOOKSHELF
Apr 24, 2005

Time for some Showa trivia and Heisei melodrama

GEISHA -- HARLOT -- STRANGLER -- STAR: A Woman, Sex & Morality in Modern Japan, by William Johnston. New York: Columbia University Press, 2004, 245 pp., $29.50, (cloth). ISOLATION, by Christopher Belton. New York: Leisure Fiction, 2003, $6.99, 372 pp., (paper). To be honest, I've never really understood...
BUSINESS
Apr 23, 2005

Doomed Cititrust hit with FSA order

The Financial Services Agency slapped Cititrust and Banking Corp., a Japanese trust banking unit of Citigroup Inc., with an administrative order Friday regarding its illegal business operations and for evading an agency inspection last year.
JAPAN
Apr 22, 2005

Sega raided over fatal fall from ride

Police searched the headquarters of game maker Sega Corp. on Thursday in connection with a man's fatal fall from a ride at a Tokyo amusement park, police sources said.
BUSINESS
Apr 21, 2005

Open-tender rules may cover off-hours minor-stake buys

Open-tender regulations should cover stock acquisitions in off-hours trading involving less than one-third of outstanding shares in a company if the buyer intends to eventually obtain more than one-third, Financial Services Minister Tatsuya Ito indicated Wednesday.
BUSINESS
Apr 21, 2005

Yahoo Japan profit soars to record high

Yahoo Japan Corp. said Wednesday that group operating revenue and net profit rose to all-time highs in fiscal 2004 due to growth in advertising and the popularity of its Net auction business.
BUSINESS
Apr 21, 2005

Mizuho to tie up with Wachovia and Wells Fargo

Mizuho Financial Group Inc. plans to tie up with major U.S. banks Wachovia Corp. and Wells Fargo & Co. to develop investment trusts and other financial products for retail banking, sources close to the deal said Wednesday.
BUSINESS
Apr 20, 2005

Key economic panel urges use of numerical goals in FTAs

Private-sector members of a key government economic panel proposed Tuesday that Japan introduce numerical goals when promoting free-trade agreements.
BUSINESS
Apr 16, 2005

Daiei records another heavy loss

Struggling retailer Daiei Inc. reported Friday a consolidated net loss of 511.2 billion yen for the year through February, with the firm having booked hefty restructuring costs.
BUSINESS
Apr 14, 2005

Lawson, FamilyMart post robust growth in earnings

Lawson Inc. said Wednesday its net profit for the year that ended in February rose 10 percent to a record 20.44 billion yen, buoyed by strong sales and aggressive store-openings.
BUSINESS
Apr 12, 2005

PepsiCo to exit TSE as investors elude

U.S. beverage maker PepsiCo Inc. said Monday it has applied to delist from the first section of the Tokyo Stock Exchange due to the small number of shareholders in Japan who hold its stock.

Longform

A small shrine perched atop rocks braves the waves hitting the shoreline during a storm in Shimoda, Shizuoka Prefecture. The area is under threat of a possible 31-meter-high tsunami if an earthquake strikes the nearby Nankai Trough.
If the 'Big One' hits, this city could face a 31-meter-high tsunami