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April 30, 2025
 

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JAPAN
May 28, 2001

Police hand Sogo chief to prosecutors

Tokyo police on Sunday sent Hiroo Mizushima, former chairman of the failed Sogo Co. department store chain, to prosecutors on suspicion of concealing personal assets to avoid court-ordered seizure by creditors.
JAPAN
May 27, 2001

Nifco announces leadership shuffle

Nifco Inc., a manufacturer of industrial fasteners, has elected Ryuji Watanabe, 64, to succeed Toshiaki Ogasawara as president. Ogasawara will become company chairman.
JAPAN
May 27, 2001

Mizushima blows smoke in questioning

Hiroo Mizushima, the arrested former chairman of failed department store operator Sogo Co., told police he asked a relative to keep 100 million yen in cash at his home out of "fear (it) might be lost in a fire," police said Saturday.
BUSINESS
May 26, 2001

Moody's trims banks' ratings

Moody's Investors Service Inc. has cut the financial strength ratings of Fukuoka City Bank and Nishi-Nippon Bank to E from E-plus and E-plus from D, respectively.
BUSINESS
May 26, 2001

Foreign investors calm down

Foreign investors remained net buyers of Japanese stocks for the ninth straight week last week, although their buying excess visibly narrowed.
BUSINESS
May 26, 2001

Lower fees drag Wowow into red

Satellite broadcaster Wowow Inc. said Friday it fell into the red for the first time in six years in fiscal 2000 due to cuts in subscription fees and growth in costs for adding subscribers.
BUSINESS
May 26, 2001

Daikin in tieup on mobile products

Daikin Industries Ltd. and Sauer-Danfoss Inc. of the United States will jointly set up a manufacturing and a sales firm for oil hydraulic products for use in mobile equipment, the two firms said Friday.
BUSINESS
May 24, 2001

Employees encouraged to start ventures

When Noriyuki Ichihashi, an employee of Itochu Corp., proposed his idea to the firm's Internet venture incubation office about a year ago, the trading house was quick to give him the green light. Within a month, the 34-year-old had set up a planning company.
BUSINESS
May 24, 2001

Toyota tops income list: research firm

Toyota Motor Corp. declared 483.1 billion yen in taxable income for calendar 2000, the largest declaration by a Japanese firm in the year, private research firm Teikoku Databank Ltd. said in a report released Wednesday.
BUSINESS
May 24, 2001

Hankyu profits jump to 6 billion yen

Hankyu Department Stores Inc. said Wednesday its group pretax profit for fiscal 2000 jumped 25.2 percent to 6.21 billion yen despite a sales drop of 2 percent to 394.96 billion yen.
BUSINESS
May 23, 2001

Moody's to review Bridgestone

Moody's Investors Service said Tuesday it has placed under review for a possible downgrade the Baa1 senior unsecured debt rating of Bridgestone Corp. and the Prime-2 short-term rating of Bridgestone/Firestone Inc.
BUSINESS
May 23, 2001

Dentsu group net profit up 100%

Advertising agency Dentsu Inc. reported Tuesday a 99.8 percent rise in group net profit to a record 41.3 billion yen in fiscal 2000.
BUSINESS
May 22, 2001

Fuji TV shakes up management

Fuji Television Network Inc. said Monday that Executive Vice President Koh-ichi Murakami will replace Hisahi Hieda as president.
BUSINESS
May 18, 2001

NTT group's pretax profits tumbled 12% in '00

Declining profits from fixed-line services -- once the mainstay of the telecom sector -- bit into the pretax profits of the Nippon Telegraph and Telephone group in fiscal 2000.
BUSINESS
May 18, 2001

Tepco, three banks buy into Recruit

Tokyo Electric Power Co. and three Japanese banks bought stakes in Recruit Co., a labor market publishing and information conglomerate, in late March, industry sources said Thursday.
JAPAN
May 17, 2001

Japanese firms strive to ride out global IT tsunami

With the global economy becoming increasingly Net-oriented, leading Japanese companies are trying to ride out the information technology wave in a desperate bid to survive ever-intensifying competition.
JAPAN
May 17, 2001

Softbank chief No. 3 taxpayer

Softbank Corp. President Masayoshi Son ranked as Japan's third-largest individual taxpayer in 2000, up from 16th in 1999, the National Tax Administration said Wednesday in an annual report listing the top 100 taxpayers.
Events
May 15, 2001

Japan's ancient capital looks for new-tech entrepreneurs

KYOTO -- Size doesn't matter -- it's how good you are.
BUSINESS
May 15, 2001

Tokai Bank to liquidate Jakarta unit

Tokai Bank announced Monday that it will liquidate its leasing subsidiary in Indonesia as part of efforts to integrate and consolidate its overseas holdings.
BUSINESS
May 15, 2001

Amazon, Signature Financial denied business model patents

The Patent Office under the Ministry of Economy, Trade and Industry has notified two U.S. companies that their applications for business model patents will be declined, government sources said Monday.
Events
May 15, 2001

Itami's no-smoking goal draws fire

ITAMI, Hyogo Pref. -- The Itami Municipal Government's decision to target total elimination of adult smoking in its 10-year health plan has caused an uproar among tobacco lobbyists.
JAPAN
May 13, 2001

Bureaucrat turns his back on elite job of the past for IT career of the future

Last July, elite bureaucrat Shin Yasunobe sent shock waves throughout government offices in Tokyo's Kasumigaseki district by announcing his resignation from the Ministry of International Trade and Industry.
EDITORIALS
May 13, 2001

Short guide to a long career

An old man died in Nebraska last week. The event was noted briefly in newspapers across America, and people reading about it over their breakfasts probably experienced two sensations: a moment of surprise and then a rush of wry, affectionate memories. The old man's name was Clifton Keith Hillegass, not...
BUSINESS
May 12, 2001

Nighttime services popular among traders

Around-the-clock global stock trading is becoming the order of the day.
BUSINESS
May 11, 2001

UFJ to buy Nippon Shinpan unit

UFJ Holdings Inc., Japan's fourth-biggest banking group, said Thursday it will buy a leasing subsidiary of Nippon Shinpan Co. through the purchase of new shares.
BUSINESS
May 11, 2001

Uniden establishes new unit in U.S.

Telecom equipment manufacturer Uniden Corp. said Thursday it has set up a new company in the United States to sell phones for business use.
JAPAN
May 11, 2001

Japan Tobacco fined for tax evasion

Japan Tobacco Inc. has been fined 350 million yen in penalty taxes for failing to declare income totaling 900 million yen over fiscal 1997 and fiscal 1998, industry sources said Thursday.
If the 'Big One' hits, this city could face a 31-meter-high tsunami
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.
Counting the reasons why there are so few American cars in Japan
Tesla's store in Tokyo's Shibuya district. While sales of American cars in Japan appear to be shrinking, Tesla's presence in the country is growing.
Shohei Ohtani's example could change Japan's views on paternity leave
Shohei Ohtani and Mamiko Tanaka announced the birth of their first child on April 19.
Nearly half of workers in Japan engage in ‘quiet quitting’
"Quiet quitting" is most common among the younger generation, with 46.7% of respondents to a survey in their 20s identifying with the practice, reflecting a less-motivated workforce more focused on work-life balance.
China seizes disputed reef near key Philippine military outpost
China Coast Guard officers unfurl a national flag on Sandy Cay reef, near the Philippine-held Thitu Island, in disputed waters of the South China Sea this month in this screen shot taken from Chinese state broadcaster CCTV.
Shohei Ohtani's example could change Japan's views on paternity leave
Shohei Ohtani and Mamiko Tanaka announced the birth of their first child on April 19.
Counting the reasons why there are so few American cars in Japan
Tesla's store in Tokyo's Shibuya district. While sales of American cars in Japan appear to be shrinking, Tesla's presence in the country is growing.
Nearly half of workers in Japan engage in ‘quiet quitting’
"Quiet quitting" is most common among the younger generation, with 46.7% of respondents to a survey in their 20s identifying with the practice, reflecting a less-motivated workforce more focused on work-life balance.
U.S. secretary of the navy weighs ‘dual-use’ shipbuilding with Japan
John Phelan at a Senate confirmation hearing for U.S. secretary of the navy in Washington in February
Expo '25 gives the world a masterclass in mascots
2025 Osaka Expo mascot Myaku-Myaku dances on the stage during the event's official opening ceremony on April 12.

Podcast

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

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
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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