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EDITORIALS
Mar 10, 2005

Last chance for Daiei's survival

Daiei Inc., Japan's ailing supermarket operator, is ready to make its third -- and final -- attempt at rehabilitation. On Monday, the state-run Industrial Revitalization Corp. of Japan (IRCJ) formally selected trading house Marubeni Corp. and investment fund Advantage Partners as Daiei's business sponsors....
BUSINESS
Mar 10, 2005

Foreign CEO signifies a more globalized Japan

First it was Mazda, then Nissan and Mitsubishi Motors. Now it's Sony.
BUSINESS
Mar 8, 2005

Millea Holdings chairman to resign

Millea Holdings Inc. Chairman Tomio Higuchi will resign from the post at the end of this month as well as from his concurrent chairmanship of Tokio Marine & Nichido Fire Insurance Co., and become adviser to the insurer on April 1, the company said Monday.
BUSINESS
Mar 5, 2005

Foreign-takeover blocks to come later

It is difficult to submit legislation for increasing regulations on purchases of Japanese broadcasters by foreign companies during the current Diet session, Taro Aso, minister of internal affairs and communications, said Friday after a Cabinet meeting.
BUSINESS
Mar 5, 2005

Seibu Railway open to offers on baseball club

Scandal-tainted Seibu Railway Co. would consider offers on the Seibu Lions professional baseball club, the head of a Seibu group reform panel said Friday.
BUSINESS
Mar 4, 2005

Horie lauds new rules, says 'friendly' deal was dead end

Livedoor Co. President Takafumi Horie said Thursday he welcomes the capital market regulations set to be introduced in the wake of his firm's controversial bid to acquire Nippon Broadcasting System Inc.
BUSINESS
Mar 3, 2005

Japan Post to shut down 28 unprofitable leisure units

Japan Post will close 28 of its 120 leisure accommodation facilities nationwide before its privatization process begins in April 2007, sources said Wednesday.
BUSINESS
Mar 2, 2005

FSA seeks to slap public tender offer rules on off-hours trading

The Financial Services Agency plans to apply public tender offer rules, which require public announcement of details of the offers, to acquisitions of a one-third or greater stake in a firm through off-hours trading in Japan, FSA sources said Tuesday.
BUSINESS
Mar 1, 2005

IRCJ ends bidding for Daiei rehab

The Industrial Revitalization Corp. of Japan stopped accepting tender bids Monday for parties seeking to participate in the revival of the troubled Daiei Inc. supermarket chain, IRCJ officials said.
BUSINESS
Mar 1, 2005

DoCoMo confirms plan to drop PHS

NTT DoCoMo Inc. officially confirmed its intention Monday to withdraw from the personal handy-phone system business and will begin turning away new customers at the end of April.
BASEBALL / MLB
Feb 26, 2005

Yahoo buys rights to Hawks' stadium

Yahoo Japan Corp. said Friday the company has officially purchased the naming rights to the home stadium of the Softbank Hawks in Fukuoka, formerly known as the Fukuoka Dome.
BUSINESS
Feb 23, 2005

JR East lets DoCoMo handsets serve as tickets

East Japan Railway Co. said Tuesday it will start a new service in January that allows NTT DoCoMo Inc.'s smart-card cell phone handsets to be used as train tickets.
BUSINESS
Feb 18, 2005

Ad spending up 3% in 2004: Dentsu

Japan's advertising expenditures amounted to 5.86 trillion yen in 2004, up 3 percent from the previous year for the first rise in four years, Dentsu Inc. said Thursday.
BUSINESS
Feb 18, 2005

Japan Post deliveries hit record high

The number of parcels Japan Post delivered between last April and early this month has reached a record 184.97 million, according to the governmental postal service agency.
BUSINESS
Feb 18, 2005

Protect Japan firms from foreigners: JCCI

The chairman of the Japan Chamber of Commerce and Industry called on the government Thursday to implement measures to protect domestic companies from takeover bids by foreign firms.
BUSINESS
Feb 17, 2005

Fuji TV kicks Livedoor's Horie off quiz show in latest takeover salvo

Fuji Television Network Inc. said Wednesday it has dropped Livedoor Co. President Takafumi Horie as a regular participant on one of its weekly quiz shows, citing the two firms' battle for control of a radio broadcaster.
BUSINESS
Feb 17, 2005

Ex-MMC chief to head U.S. unit

Hideyasu Tagaya, who resigned last month as president of ailing Mitsubishi Motors Corp., will become chairman of the automaker's North American unit effective March 1, according to company sources.
BUSINESS
Feb 16, 2005

Prospective home owners warming to made-to-order condos

Made-to-order condominiums are gaining popularity in Japan as people seek more distinct housing.
BUSINESS
Feb 16, 2005

Nomura, Rothschild tie on M&A

Nomura Securities Co. and Rothschild said Tuesday they have created an alliance to pursue opportunities in cross-border mergers and acquisitions between Japan and Europe.
BUSINESS
Feb 15, 2005

DoCoMo data leak swells to 24,600

NTT DoCoMo Inc. said Monday the phone numbers and other personal data of about 24,600 of its clients have been leaked.
CULTURE / Books / THE ASIAN BOOKSHELF
Feb 13, 2005

Japan makes great genres, but . . .

THE MIDNIGHT EYE GUIDE TO NEW JAPANESE FILM, by Tom Mes and Jasper Sharp, foreword by Hideo Nakata. Berkeley: Stone Bridge Press. 366 pp., 151 b/w photos, $22.95 (paper). The authors of this very interesting new compendium on recent Japanese cinema would agree, I think, that the "new" in their title...
BUSINESS
Feb 11, 2005

Itochu plans to buy 21% stake in Orient

Trading house Itochu Corp. plans to acquire a 21 percent stake in consumer credit card company Orient Corp., thereby becoming its largest shareholder, the two companies said Thursday.
BUSINESS
Feb 11, 2005

McDonald's Japan posts first profit in three years

McDonald's Holdings Co. (Japan) said Thursday it returned to profit in 2004 for the first time in three years.
BUSINESS
Feb 10, 2005

Livedoor logs 283.4% sales jump

Internet service provider Livedoor Co. said Wednesday it posted 12.11 billion yen in group sales in the October-December first quarter of the current business year, up 283.4 percent over a year earlier, a result the company attributed to the rapid growth of the market for Internet-related services.
BUSINESS
Feb 8, 2005

Vodafone K.K. inserts Morrow as president as subscribers fall

The Japanese unit of global mobile-phone carrier Vodafone Group Plc. said Monday that Bill Morrow, head of the group's British operations, will replace Shiro Tsuda as president just two months after Tsuda assumed the position.

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