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BUSINESS
Aug 10, 2006

Bridgestone's profit skids 68% in fiscal first half

Tire maker Bridgestone Corp. reported Wednesday a 68 percent plunge in net profit for the fiscal first half because of expenses related to closing a U.S. plant and the surging cost of raw materials, including crude oil and rubber.
Japan Times
BUSINESS
Aug 9, 2006

Honda sets up U.S. unit for jet sales

Honda Motor Co. has set up a subsidiary in the United States to oversee the sales promotion, production and further development of its small jet, the automaker said Tuesday.
BUSINESS
Aug 3, 2006

Softbank cuts ties with SBI Holdings

Internet and telecom conglomerate Softbank Corp. said Wednesday its group has ended its capital ties with SBI Holdings Inc., the holding company of the SBI Group firms, with the sale of its remaining 19.2 percent stake in SBI Holdings to Goldman Sachs Japan Ltd.
BUSINESS
Aug 3, 2006

MMC manages to reduce red ink in first quarter

Struggling Mitsubishi Motors Corp. announced Wednesday it reduced its losses for the April-June quarter from the previous year.
BUSINESS
Aug 3, 2006

Hokuetsu mulls defense against Oji takeover bid

Hokuetsu Paper Mills Ltd., the nation's sixth-largest paper maker, said Wednesday it has asked an independent panel whether it should take measures to thwart a hostile takeover bid launched by Oji Paper Co. the same day.
BUSINESS
Aug 2, 2006

Tobacco tax revenues rose 26% in June

Tobacco tax revenue rose 26.4 percent in June from the same month a year ago to 82.33 billion yen on higher demand for imported brands ahead of the July 1 tobacco tax increase, the Finance Ministry said Tuesday.
BUSINESS
Aug 2, 2006

Orix buys QB Net barbershop chain

Leasing firm Orix Corp. said Tuesday it has purchased a 73.9 percent stake in QB Net Co., which runs the barbershop chain QB House, and sent two directors to the QB Net board.
Japan Times
MORE SPORTS
Aug 2, 2006

Festival raises interest in American football ahead of 2007 World Cup

Baseball, soccer, basketball . . . and next up, football.
COMMUNITY / Issues / THE ZEIT GIST
Aug 1, 2006

Can NHK justify its huge collection costs?

NHK spends a massive 76.9 billion yen per year on its fee collection system, which equates to some 12.4 percent of the national broadcaster annual operating income.
JAPAN
Jul 30, 2006

Oji offering compromise to end bid for Hokuetsu

Oji Paper Co. has proposed freezing a hostile takeover bid for Hokuetsu Paper Mills Ltd. if Hokuetsu withdraws its planned issuance of new shares to Mitsubishi Corp., sources said Saturday.
Japan Times
JAPAN
Jul 30, 2006

Yamaha purchased Katayama tickets

Yamaha Motor Co. purchased 200,000 yen worth of tickets for a political fundraiser held this month by Satsuki Katayama, parliamentary secretary of the Ministry of Economy, Trade and Industry, after METI accused the motorcycle maker of illegal exports, sources said Saturday.
JAPAN
Jul 30, 2006

Japan Post firms plan expansion after privatization

The bank and the insurance company to be created through postal privatization next year will try to expand their operations to match those of their private-sector rivals, informed sources have said.
BUSINESS
Jul 29, 2006

Mitsubishi Electric profit doubles

Mitsubishi Electric Corp. said Friday its group net profit jumped more than twofold from a year before to a record high 24.9 billion yen in the three months ending in June, thanks to vigorous sales of mobile phone handsets.
BUSINESS
Jul 29, 2006

JAL's unannounced stock issue draws fire

Japan Airlines Corp. CEO Haruka Nishimatsu apologized Friday for not disclosing to stockholders its recent issue of new shares, which prompted JAL stock to plunge.
JAPAN
Jul 28, 2006

Mizutani faces fresh charge over tax evasion in '04

Tokyo prosecutors may soon file another charge against a former chairman of Mizutani Kensetsu Co. for suspected corporate tax evasion in the business year to August 2004, investigative sources said.
JAPAN
Jul 28, 2006

Small-scale funerals on the increase

The second-floor unit in Kodaira, western Tokyo, at first glance may look like an overly large apartment, with its sofas, large TV, video player, kitchen, bathroom and tatami room, but it is actually a small-scale funeral hall.
Japan Times
JAPAN / Politics
Jul 27, 2006

Bun maker unfazed by Fukuda exit

Former Chief Cabinet Secretary Yasuo Fukuda's exit from the race to succeed Junichiro Koizumi as Liberal Democratic Party president may have surprised the political arena, but it hasn't upended plans by a Tokyo souvenir maker to turn a profit on the upcoming election.
BUSINESS
Jul 27, 2006

Hokuetsu materials costs take 33% bite out of profit

Hokuetsu Paper Mills Ltd., the target of a takeover bid by Japan's largest papermaker, Oji Paper Co., said Wednesday its group net profit fell to 746 million yen in the April-June quarter, down 33 percent from the same period a year ago.
BUSINESS
Jul 26, 2006

NEC to tie with Matsushita unit on cell phones

NEC Corp. and Panasonic Mobile Communications Co., a subsidiary of Matsushita Electric Industrial Co., aim to form a 50-50 joint venture this autumn to develop new cell phone handsets, company officials said Tuesday.
BUSINESS
Jul 26, 2006

TSE may hit Hokuetsu for lack of disclosure

Tokyo Stock Exchange President Taizo Nishimuro indicated Tuesday the bourse will consider punishing Hokuetsu Paper Mills Ltd. for insufficient information disclosure.
JAPAN
Jul 25, 2006

Oji Paper's bid for Hokuetsu rejected for Mitsubishi tieup

Hokuetsu Paper Mills Ltd., Japan's sixth-largest paper firm, rejected a takeover bid Monday by Oji Paper Co., the country's No. 1 paper producer, sticking to its planned capital and business tieup with trading house Mitsubishi Corp.
EDITORIALS
Jul 22, 2006

Funding scandal shakes ivory tower

It came as a shock last year when former Seoul National University professor Hwang Woo Suk's claims that he had created stem cells by cloning human embryos turned out to be fraudulent. A recent case at Waseda University in Tokyo is no less surprising, although it mainly concerns the irregular use of...
BUSINESS
Jul 22, 2006

KDDI profit jumps 44% in quarter

The Associated Press KDDI Corp. said Friday profit climbed 44 percent in the April-June quarter on rising sales and forecast overall earnings to slide this year due to a weak fixed-line business.
BUSINESS
Jul 22, 2006

Ghosn denies yearning to merge with, rule over GM

Nissan Motor Co. President Carlos Ghosn denied speculation Friday that he intends to become General Motors Corp.'s chief executive officer but did not rule out the possibility of joining its board of directors if and when Nissan, GM and Renault agree to form an alliance.
JAPAN
Jul 21, 2006

Fraud allegations spur police raids of Aum locations

Police on Thursday raided the home of a former Aum Shinrikyo member in Koshigaya, Saitama Prefecture, and related places on suspicion that the man and another ex-cultist had fraudulently opened a bank account to evade taxes and to support their condemned guru's family on the sly.
BUSINESS
Jul 21, 2006

McDonald's plans tandoori on pita

McDonald's Co. (Japan) said Thursday it will introduce two health-conscious pita bread sandwiches at its outlets nationwide in a three-week campaign beginning Aug. 4.

Longform

Tetsuzo Shiraishi, speaking at The Center of the Tokyo Raids and War Damage, uses a thermos to explain how he experienced the U.S. firebombing of March 1945, when he was just 7 years old.
From ashes to high-rises: A survivor’s account of Tokyo’s postwar past