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JAPAN
Nov 7, 2004

Nippon TV corrects shareholding info

Nippon Television Network Corp. has announced a correction in its financial statements, saying shares that had been reported as held by Tsuneo Watanabe, chairman of Yomiuri Shimbun Group Honsha, actually belong to the group's holding company.
Japan Times
JAPAN
Oct 16, 2004

Daiei chief to resign over rehab fiasco

Daiei Inc. President Kunio Takagi announced Friday he will step down next week to take responsibility for the ailing retailer's decision to ask a state-backed bailout agency to help in its rehabilitation.
BUSINESS
Oct 13, 2004

Workers see benefits in performance-linked pay

Aika Momma is a financial adviser at Nikko Cordial Securities Inc. with a renewable one-year contract and he -- along with a growing number of young professionals -- is happy with his situation.
BUSINESS
Jul 30, 2004

Matsushita sees 12-fold rise in profit

Matsushita Electric Industrial Co. said Thursday its net profit for the April-June quarter soared 12-fold to 32.82 billion yen on strong sales of plasma display-panel TVs and cost-cutting efforts.
Japan Times
Features
Jul 25, 2004

Japan's inventor supreme shares the secret of 3,218 successes

Who is Japan's most famous inventor? No doubt about it, it's Yoshiro Nakamatsu -- or Dr. NakaMats as he styles himself. The doc says he has 3,218 inventions to his credit, including the floppy disk and the compact disc. Although his childhood dream was to become Finance Minister, from the age of 5, Nakamatsu...
BUSINESS / JAPANESE PERSPECTIVES
Jun 7, 2004

Kanebo's rescue: cosmetic surgery or a new lease on 'beautiful life'?

"Kanebo, for beautiful human life."
JAPAN
May 26, 2004

Cosmo Oil tried to punish whistle-blower

Cosmo Oil Co. tried to punish an employee who in late April blew the whistle in connection with a leak of personal customer data, sources said Tuesday.
EDITORIALS
May 11, 2004

Arrests deal MMC another blow

In a further setback to the troubled Mitsubishi Motors Corp., police last week arrested seven former MMC executives in connection with a 2002 fatal truck accident allegedly caused by defective wheel hubs. The seven, including Mr. Takashi Usami, former MMC vice president and former chairman of Mitsubishi...
JAPAN
Apr 27, 2004

Accused Softbank data extortionist says he just wanted a reply

A man accused of stealing client data and trying to extort money from Softbank BB Corp. denied in court Monday that he had intent to extort and said he only wanted the firm to respond to him.
EDITORIALS
Mar 18, 2004

Burden of the Kanebo bailout

Following weeks of tortuous bailout talks that put the notion of corporate governance to shame, the government's Industrial Revitalization Corp., or IRC, last week unveiled a huge rescue package for Kanebo Ltd., the troubled cosmetics firm that has looked like a rudderless ship all the while. What lies...
Japan Times
BUSINESS
Mar 18, 2004

Preventive-care firms lift operations in response to graying population

Care-related firms are trying to expand operations aimed at preventing the physical and mental deterioration of people insured for nursing care, in line with the government's plan to reform the nursing-care insurance system in fiscal 2005.
BUSINESS
Feb 14, 2004

McDonald's Holdings posts 7 billion yen net loss

McDonald's Holdings Co. (Japan) said Friday it posted a net loss of 7.12 billion yen for 2003, with weak sales and heavy restructuring costs forcing the company into its second consecutive losing year.
Japan Times
BUSINESS
Jan 8, 2004

100 yen video games score millions for software entrepreneur

At a time when playing just one game costs 200 yen on many arcade machines, a Tokyo company is bent on offering gamers a staggering value-for-money option via its 100 yen PC game software.
JAPAN
Dec 16, 2003

Japan Highway chief pitches autonomy

Japan Highway Public Corp. must be legally empowered to make its own decisions on expressway construction and stand on a par with the government when it is privatized in fiscal 2005, new Japan Highway President Takeshi Kondo said Monday.
Japan Times
JAPAN
Dec 9, 2003

Takefuji chairman admits ordering phone tap, resigns

Takefuji Corp. founder Yasuo Takei, under arrest for his alleged role in a wiretapping case, resigned Monday as chairman after admitting he ordered his men to bug a journalist's phone, the major consumer loan company said.
BUSINESS
Oct 10, 2003

Ito-Yokado profit plunges 71.2%

Ito-Yokado Co., Japan's largest retailer, on Thursday became the latest chain to report dismal first-half results due to the cool summer.
BUSINESS
Sep 2, 2003

IRCJ opts to bail out ailing Mitsui Mining

The Industrial Revitalization Corp. of Japan announced Monday that it has decided to bail out Mitsui Mining Co. under its resuscitation program.
Japan Times
LIFE / Lifestyle / JET STREAM
Mar 27, 2003

Hitachi's friendly face

A 19th-century merry-go-round has been restored recently in the city of Orleans, 130 km south of Paris, thanks to the efforts of former JET Clarisse Carl. It is something her two children, ages 8 and 5, are proud of. But for Carl, an assistant to the president of Hitachi Europe, it is just one of her...
BUSINESS
Mar 19, 2003

Japan Oil Development set to file for sheltered rehabilitation

Japan Oil Development Co. will file for court protection from creditors under the fast-track Civil Rehabilitation Law, with an estimated debt of more than 400 billion yen, sources said Tuesday.
JAPAN
Feb 28, 2003

Sharp collared in tax-evasion bid

OSAKA -- The Osaka Regional Taxation Bureau has told Sharp Corp. that it failed to declare 400 million yen in income over three years to last March 31, including 100 million yen the firm deliberately hid, sources said Thursday.
BUSINESS
Jan 7, 2003

Matsushita eyes new pay system

OSAKA -- Matsushita Electric Industrial Co. plans to introduce a new pay system in which division managers conduct wage talks with their respective workers rather than the company doing it as a whole, company sources said Monday.
JAPAN
Nov 19, 2002

Nicos failed to sever 'sokaiya' ties

Nippon Shinpan Co., mired in allegations that its executives paid off a racketeer to expedite proceedings at the firm's general shareholders' meetings, had failed to sever ties with a number of racketeers in the late 1980s, a former company executive said Monday.
Japan Times
JAPAN
Nov 4, 2002

Narita funds to go to Kansai airport

The government will reduce its capital in a new special-purpose company that will operate Narita airport in order to use the money for Kansai International Airport Co., it was learned Sunday.
JAPAN
Sep 19, 2002

Baby-products firm pushes male child-care leave

In a society where raising a child is perceived as more of a burden than a joy, what can a corporation do to change this mind-set?

Longform

Growing families are being priced out of Tokyo’s condo market, forced to choose between downtown convenience and suburban space.
Is living in central Tokyo still affordable?