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BUSINESS
Mar 14, 2002

Sasebo Heavy cuts profit outlook

Sasebo Heavy Industries Co. said Wednesday it has lowered its unconsolidated net profit forecast for the current business year through March 31 because it has been forced to return government money obtained by fraud.
ENVIRONMENT / OUR PLANET EARTH
Mar 14, 2002

You win some and you lose some . . .

Ten years ago, on March 12, 1992, this column began its life on these pages. Though it's still "green," when compared with colleagues who have graced The Japan Times for several decades, Our Planet Earth has now appeared more than 245 times.
BUSINESS
Mar 13, 2002

Nippon Steel to enter China housing market

Nippon Steel Corp. said Tuesday it will enter the house-building business in China by licensing its construction technology to a Chinese building materials firm.
BUSINESS / ON THE FRONT LINE
Mar 13, 2002

Deflation package a salve to market's woes

The government's package of measures to fight deflation has helped underpin the falling stock market.
BUSINESS
Mar 12, 2002

'Economy watchers' see rise in business

Sentiment on the front lines of the workforce improved for the fourth month in a row in February, although pessimistic workers continue to outnumber those with an optimistic outlook, according to a government report released Monday.
BUSINESS / TAKING STOCK
Mar 12, 2002

Unswayed by GDP fall, Nikkei rally sets in

The Tokyo stock market has turned bullish and an unexpectedly strong rally has kicked off.
SUMO
Mar 10, 2002

Two Ozeki aiming to boost promotion hopes in Osaka

The Haru Basho gets under way in Osaka today, with ozeki Tochiazuma and Chiyotaikai aiming for yokozuna promotion, while sekiwake Kotomitsuki sets his sights on ozeki.
BUSINESS
Mar 8, 2002

Key economic gauge stays below 50%

The nation's coincident index stayed below the boom-or-bust line of 50 percent for the 13th straight month in January, according to a government report released Thursday.
BUSINESS
Mar 8, 2002

S&P places Matsushita Electric ratings on CreditWatch

Matsushita Electric Industrial Co.'s A-plus long-term and A-1 plus short-term ratings have been placed on CreditWatch with negative implications, Standard & Poor's Corp. said Thursday.
BUSINESS
Mar 7, 2002

Corolla retakes sales pole position

Toyota Motor Corp.'s Corolla regained the position of top-selling car from Honda Motor Co.'s Fit in February, the Japan Automobile Dealers Association said Wednesday.
BUSINESS
Mar 6, 2002

Tobishima to speed up debt cut

Construction company Tobishima Corp. said Tuesday it has devised a new rehabilitation plan to cut its group interest-bearing debts of 135 billion yen by 50 billion yen over three years.
BUSINESS
Mar 6, 2002

Isetan to help out ailing Iwataya by buying new shares

Department store chain Isetan Co. said Tuesday it will provide financial and operational support to struggling Iwataya Department Store Co. to help the Fukuoka-based retailer rehabilitate under its wing.
BUSINESS
Mar 6, 2002

New firm gets into sticky situations

GumBusters Japan, a Tokyo-based venture business, said Tuesday it has launched a service to instantaneously remove chewing gum from pavement, walls and other surfaces with a specially designed cart.
BUSINESS
Mar 6, 2002

Mitsubishi Electric shuffles top posts

Mitsubishi Electric Corp. announced Tuesday that Tamotsu Nomakuchi, an executive vice president, will take over its presidency on April 1. Ichiro Taniguchi, the current president, will become chairman.
BUSINESS
Mar 4, 2002

Sato Kogyo files for bankruptcy

Debt-saddled Sato Kogyo Co. and eight of its subsidiaries filed for protection from creditors with the Tokyo District Court on Sunday under the Corporate Rehabilitation Law, becoming the second midsize general construction contractor to collapse in the three months since Aoki Corp. folded in December....
BUSINESS
Mar 3, 2002

Tobishima set to request more help

Tobishima Corp., yet another general contractor struggling in Japan's troubled construction industry, is considering calling on its main creditor, Fuji Bank, for additional financial assistance, company sources said Saturday.
BUSINESS
Mar 3, 2002

Sato Kogyo to commence bankruptcy proceedings

Sato Kogyo Co., a midsize construction contractor with group liabilities estimated at more than 500 billion yen, has given up efforts to rehabilitate itself and will resort to legal bankruptcy proceedings, company sources said Saturday.
BUSINESS
Mar 2, 2002

Matsushita and union haggle over bonuses

OSAKA -- Matsushita Electric Industrial Co. and its labor union are at an impasse regarding next year's bonuses, with the company hoping to slash payouts below a threshold equal to four months' pay due to a sharp decline in earnings.
EDITORIALS
Mar 1, 2002

Seeds of change

If you have ever visited Britain, or just dropped by one of Tokyo's popular British pubs, you might have tasted fish and chips flavored with salt and maybe a dash of vinegar. This classic takeout has been a favorite of the British working class for as long as anyone can remember. It came as a bit of...
BUSINESS
Feb 28, 2002

Matsushita plans to sell Osaka towers

OSAKA -- Matsushita Investment & Development Inc., a real estate developer in the Matsushita group, plans to securitize its twin towers in Osaka and other properties and sell them to investors for some 60 billion yen, company sources said.
BUSINESS
Feb 28, 2002

Snow Brand will spin off drugs division in March

Snow Brand Milk Products Co. will spin off its prescription pharmaceutical division into a joint venture to be launched with Otsuka Pharmaceutical Co. by the end of March to make nutritional supplements for clinical use.
BUSINESS
Feb 28, 2002

Sansui Electric returns to black

Sansui Electric Co. said Wednesday it posted a consolidated net profit of 3.26 billion yen in the business year to Dec. 31, marking a turnaround from a 1.33 billion yen loss the previous year.
BUSINESS
Feb 23, 2002

Analyst reckons Japan distributors' systems put consumers in driving seat

If you believe that Japan's distribution system is inefficient and does consumers no good, try telling that to Masahiro Matsuoka.
JAPAN
Feb 23, 2002

Courts propose settlement in CJD case

Two district courts on Friday recommended that a total of 1.16 billion yen be paid to one person with Creutzfeldt-Jakob disease and the families of 19 others who contracted the fatal brain disorder through transplants of imported dura mater and have died.
BUSINESS
Feb 23, 2002

Japan Metals throws in towel, seeks protection from creditors

Japan Metals & Chemicals Co., the nation's top ferroalloy manufacturer, on Friday afternoon stopped trying to rehabilitate itself and filed for court protection from creditors.
COMMUNITY
Feb 23, 2002

Beauty and brains behind company clear as glass

Company President Narumi Tanaka is alone Monday morning, holding the fort in her office in Tokyo's Shibuya Ward. Her staff -- three full-timers, one part-timer and her husband -- are out and about on what she calls "the client site." A good thing, we agree, because it means TRANSe Project is at full...
BUSINESS
Feb 22, 2002

Auto industry head ready to talk to U.S.

A Japanese auto industry leader said Thursday he is ready to talk with his counterparts among the U.S. Big Three automakers, who have asked U.S. President George W. Bush to pressure Japan to refrain from talking down the yen.

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