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BUSINESS
Apr 24, 2003

Nissan reports record operating profit

Nissan Motor Co. announced Wednesday a record group operating profit of 737 billion yen for the year through March, up 50.7 percent from the previous year, thanks mainly to increased car sales at home and reduced purchasing costs.
BUSINESS
Nov 13, 2002

Cost-cuts, yen put MMC back in black

Mitsubishi Motors Corp. surged back into the black with a consolidated net profit of 6.64 billion yen during the April-September period thanks to reduced costs, a weaker yen and brisk overseas sales, company officials said Tuesday.
BUSINESS
May 16, 2002

Trading house Mitsubishi logs 34.6% profit drop

Trading house Mitsubishi Corp. said Wednesday its group net profits in fiscal 2001 plunged 34.6 percent, primarily due to a 51.5 billion yen fall in securities sales.
BUSINESS
Dec 28, 2001

Industrial output declines 1.8%

Industrial output for November declined 1.8 percent from a month before to a 14-year low, according to a preliminary report released Thursday by the Ministry of Economy, Trade and Industry.
JAPAN
Sep 28, 2001

Unemployment stays at 5%

The seasonally adjusted unemployment rate remained at a record-high 5 percent for the second consecutive month in August, sources said Thursday.
BUSINESS
Aug 25, 2001

July heat wave failed to lift supermarkets from slump

Supermarket sales in July fell for the 32nd consecutive month, 4.7 percent from a year earlier to 1.424 trillion yen, the Japan Chain Stores Association said Friday.
BUSINESS
Apr 27, 2001

Aiwa posts huge net loss in fiscal '00

Ailing audio and video equipment maker Aiwa Co. said Thursday its group net loss more than tripled in fiscal 2000 due to sluggish personal consumption in Japan and unfavorable overseas factors, including the rapid slowdown in the U.S. economy.
JAPAN
Nov 9, 1999

Honda takes beating from strong yen

Honda Motor Co. announced Tuesday that it suffered a 19.6 percent decline in pretax profit on a group basis during the April-September period to 226.4 billion yen.
The No. 1 Poultry building, left, in the City of London
BUSINESS
Jul 20, 2023

South Korean investors stung as bet on offices in financial centers turns sour

With a growing need for environmental credentials for corporate renters and downsizing due to the pandemic, office real-estate markets are seeing a "flight to quality" — leaving some exposed
An X90 Plus crossover — produced by Chinese automaker Jetour — sits ready for sale at a dealership in the Moscow Region on July 12.
BUSINESS
Jul 20, 2023

Made in Russia? Chinese cars drive a revival of Russia's auto factories

The rebirth of the Moskvich is a sign of China's growing sway over an important sector of Russia's economy.
Toyota Motor Corp.’s quarterly profit exceeded estimates as improvements in the supply of semiconductors and a cheap yen helped the carmaker capitalize on a global rebound in demand for new vehicles.
BUSINESS / Companies
Aug 1, 2023

Toyota profit tops estimates, sticks to full-year forecasts

A post-pandemic surge allowed the automaker to boost production and sell a record number of vehicles in June.
AIRism clothing on display at Uniqlo 5th Avenue in New York on Monday
BUSINESS
Aug 2, 2023

Garment-makers bet on 'cooling' fabrics as temperatures rise

With widespread heat waves, and inflation-weary consumers prioritizing essentials, retailers are pursuing sales by marketing "cooling" garments.
More than 30 samples of drugs made by Synokem, including generic abortion pills, have failed quality tests conducted by Indian regulators and public health researchers since 2018.
BUSINESS
Aug 3, 2023

Global abortion pill provider buys from maker with poor quality record

More than 30 samples of drugs made by Delhi-based Synokem Pharmaceuticals have failed quality tests conducted by Indian regulators.
Toyota's sales in China fell in July amid intense competition with local brands.
BUSINESS / Companies
Aug 30, 2023

Toyota output hits monthly record for July on robust demand

Worldwide sales, including for subsidiaries Daihatsu and Hino, rose 5.2% to 918,345 units.
Manufacturing machinery and electronic components were among the biggest drags on Japan's industrial output in July.
BUSINESS / Economy
Aug 31, 2023

Japan output drops in July as global slowdown reverberates

Factory output declined 2% from June, the industry ministry said Thursday.
Chinese President Xi Jinping may have to relinquish some control as his strategy of keeping a firm grip on the economy comes under pressure.
ASIA PACIFIC / Politics
Sep 11, 2023

China’s economic pain is a test of Xi’s fixation with control

Recent troubles have brought into focus long-term problems, and fed unusually candid domestic debate about the direction of economic policy under Xi.
A Final Fantasy XVI video game displayed at a PlayStation pop-up shop in Seoul. The game's maker Square Enix is on a streak of misfires in attempts to build another hit series to buttress sales.
BUSINESS / Companies
Sep 13, 2023

Final Fantasy maker’s 30% plunge may be just the beginning

Investors wonder whether one of the games industry’s most remarkable runs is coming to an end.
A Solterra Subaru RZ450e electric vehicle is displayed during a Japan Automobile Manufacturers Association event on the sidelines of the Group of Seven leaders summit in Hiroshima in May.
BUSINESS / Companies
Sep 15, 2023

Subaru president close to deciding where to build EV plant in U.S.

While the current base of Indiana is a top candidate, the company is weighing locations based on the procurement of batteries and incentives from states.
Selcuk Bayraktar, chairman of Turkish defense firm Baykar and son-in-law of Turkish President Recep Tayyip Erdogan, attends the presidential swearing-in ceremony after Erdogan's election win in Ankara on June 3.
WORLD / Politics
Sep 28, 2023

Erdogan’s son-in-law makes Turkey a world leader in lethal drones

Baykar's new generation of unmanned combat aircraft will fly faster and farther, while carrying more weapons than its existing models.
Nomura Holdings has hired five traders to beef up its emerging markets trading desk.
BUSINESS / Companies
Oct 10, 2023

Nomura hires traders from rivals for Middle East credit push

The appointments are part of Nomura’s efforts to revive its emerging-market flow-credit desk.
Nissan Motor Sakura electric vehicles (left and center), and a Mitsubishi Motors eK X electric vehicle on display during their release ceremony at the Mitsubishi Motors Mizushima plant in Kurashiki, Okayama Prefecture, in May 2022.
BUSINESS / Companies
Oct 24, 2023

Japan's bestselling EV isn’t a Tesla but a $13,000 minicar

A jointly developed minicar sold as the Nissan Motors Sakura and Mitsubishi Motors eK X accounts for roughly half of all EV sales in Japan.
A Tiffany store in Shanghai. Luxury companies are targeting VIC's, or very important clients, as China's post-pandemic economic slowdown dries up the spending power of the middle class.
BUSINESS / Economy
Nov 20, 2023

Exclusivity the name of the game as firms target China's wealthiest

Brands are focusing on selling fewer, more valuable items, relying on luxury consumers.
GMC Hummer electric vehicles on the production line at General Motors' Factory ZERO all-electric vehicle assembly plant in Detroit, Michigan, on Nov. 17.
BUSINESS / Companies
Nov 30, 2023

GM commits billions to shareholder returns as EV push stalls

"We have confidence in the cash generation of this company”
Pages from a new Otaku Dictionary catalog the lexicons of Japan’s various subcultures.
PODCAST / deep dive
Nov 30, 2023

A problematic otaku dictionary and the Japanese approach to sitting

An “Otaku Dictionary” has Japan’s subcultures upset at an attempt to define them.
Since starting out as a venue for short, silly lip-syncing videos, TikTok has emerged as an incubator for consumer trends, with millions of people trying on clothes and reviewing products.
BUSINESS / Companies
Dec 13, 2023

TikTok Shop sees early success, taking aim at giant Amazon

In a sign of how seriously Amazon is taking TikTok, the company cut deals with Pinterest, Meta and Snapchat to let users shop without leaving those apps.
In Toshiba, JIP takes on a sprawling company far bigger and more complex than any it acquired before.
BUSINESS / Companies / FOCUS
Dec 19, 2023

In buying Toshiba, JIP takes on corporate Japan's toughest job

While the fund has quietly built up a track record by carving out businesses from big manufacturers, Toshiba is more complex than any it acquired before.
BUSINESS
Dec 20, 2023

Japan’s post-pandemic tourists shift spending to crafts and jewelry

Average spending on traditional handicrafts per visitor was ¥13,338 ($92) in the July-September quarter, up 80% from the same period in 2019.
Former education minister Kisaburo Tokai, who has been tapped as Liberal Democratic Party policy chief, speaks to reporters Thursday at the Prime Minister's Office.
JAPAN / Politics
Dec 21, 2023

Kishida makes more LDP leadership changes in bid to restore trust

The changes come a week after he dismissed four key members of his Cabinet who were also Abe faction members suspected of receiving unreported funds.
Reporters gather in front of the Upper House parliamentary building on Thursday in Tokyo. Prosecutors raided LDP lawmaker Yasutada Ono's office, which is located in the building, the same day.
JAPAN / Crime & Legal
Dec 28, 2023

Second LDP member’s office raided over political funds scandal

Upper House member Yasutada Ono became the second lawmaker to have his offices searched by prosecutors in connection with the scandal.
Apple is entering its first major new product category since the company began selling smartwatches in 2015, and the Vision Pro may take years to catch on.
BUSINESS / Tech
Jan 22, 2024

Apple Vision Pro deliveries delayed to March in sign of early demand

The device is also sold out for Day 1 in-store pickup at many locations despite preorders having just begun on Friday ahead of its Feb. 2 rollout.

Longform

An illustration features the Japanese signs for "ganbare" (good luck) and the Deaflympics, which will be held between Nov. 15 and 26.
A century of Deaf sport finds its moment in Tokyo