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JAPAN
Dec 13, 2003

Prize curbs an own goal for lotto?

The National Agency for the Advancement of Sports and Health, which operates the J. League soccer lottery, is worried about poor ticket sales.
BUSINESS
Nov 6, 2003

Toyota enjoys record first half

Toyota Motor Corp. said Wednesday its group net profit logged a year-on-year surge of 23 percent in the first half, hitting a best-ever 524.46 billion yen, on record sales.
BUSINESS
Aug 6, 2003

Toyota profit down 9.7% year-on-year for quarter

Toyota Motor Corp. reported a consolidated net profit of 222.59 billion yen in the April-June quarter, down 9.7 percent from the same period last year.
BUSINESS
May 17, 2003

Fuji Heavy's profit tumbles 23.7%

Fuji Heavy Industries Ltd., maker of Subaru vehicles, reported Friday a consolidated operating profit of 67.52 billion yen for the year through March 31, down 23.7 percent from fiscal 2001.
BUSINESS
May 14, 2003

Eisai logs net profit surge of 12.4%

Pharmaceutical maker Eisai Co. said Tuesday that its group net profit rose 12.4 percent and its group operating profit increased 4.4 percent in fiscal 2002.
BUSINESS
Apr 25, 2003

Sony group profit soars sevenfold

Sony Corp. said Thursday its group net profit in fiscal 2002 skyrocketed to 115.52 billion yen -- more than 7.5 times its 15.3 billion yen profit the previous year -- on strong movie sales and cost cutting.
BUSINESS
Feb 6, 2003

Toyota sees 93.9% net profit growth

Toyota Motor Corp. on Wednesday reported a group net profit of 216.1 billion yen for the October-December quarter, up 93.9 percent from the same period a year earlier on brisk sales at home and abroad.
Japan Times
BUSINESS
Jan 10, 2003

Focus on cheaper premiums pays off for AFLAC

Consumers going after cheaper products do little to help the nation's deflation woes and usually end up hurting companies in the form of declining sales revenues.
BUSINESS
Nov 26, 2002

Isuzu posts 84 billion yen loss for first half

Ailing automaker Isuzu Motors Ltd. said Monday it posted a group net loss of 84.23 billion yen for the fiscal first half to Sept. 30, more than tripling its loss of 23.56 billion yen in the same period a year earlier, due to weak auto sales and hefty restructuring charges.
BUSINESS
Sep 20, 2002

Yamaha raises profit forecast to 17 billion yen

Yamaha Corp., a major maker of musical instruments and special semiconductor chips, said Thursday it has revised upward its group profit forecast for the 2002 business year, citing personnel-cost cuts and brisk sales of mobile phone chips.
BUSINESS
Sep 18, 2002

Major firms to trim capital outlays by 0.6%

Major Japanese firms plan to reduce spending on plant and equipment by 0.6 percent to 22.08 trillion yen in fiscal 2002, the governmental Development Bank of Japan said Tuesday.
JAPAN
Aug 14, 2002

Ministry set to press charges against food execs

The Agriculture, Forestry and Fisheries Ministry is set to file criminal complaints against three managers of a subsidiary of Nippon Meat Packers Inc., better known as Nippon Ham, on suspicion they defrauded a beef-buyback program, ministry officials said Tuesday.
BUSINESS
Jul 25, 2002

Supermarkets snap 43-month streak

Sales at Japanese supermarkets rose 0.1 percent in June from a year earlier to 1.174 trillion yen on a same-store basis, marking a first increase in 43 months, an industry body said Wednesday.
Japan Times
BUSINESS
May 14, 2002

Toyota's record-setting profits top 1 trillion yen

Toyota Motor Corp. announced Monday that its consolidated pretax profits jumped 14.5 percent from last year to a record 1.113 trillion yen during the 2001 business year, becoming the first Japanese company ever to post pretax profits exceeding 1 trillion yen.
BUSINESS
Feb 21, 2002

Asahi Breweries rides 'happoshu' wave into the black

Leading Japanese brewer Asahi Breweries Ltd. said Wednesday it posted a net profit of 13.62 billion yen in its business year to Dec. 31, helped partly by its entry into the "happoshu" market last February.
BUSINESS
Nov 27, 2001

Honda, Mitsubishi defy downtrend

Honda Motor Co. and Mitsubishi Motors Corp. defied the downward trend in domestic automobile sales in October, leaving its three domestic rivals with declining sales, the companies said Monday.
BUSINESS
Nov 16, 2001

JT sees interim net profit grow 4.2%

Japan Tobacco Inc. said Thursday its consolidated net profit for the April-September first half of fiscal 2001 rose 4.2 percent from a year earlier to 35.63 billion yen, thanks to strong growth in its food business, increased volume in international tobacco sales and favorable foreign exchange rates....
JAPAN
Jan 26, 2000

Domestic car output fell in '99

Stagnant sales at home led to a decline in domestic production while strong North American sales led to an increase in overseas output for most major Japanese automakers in 1999, it was announced Wednesday. Nissan Motor Co., however, experienced a decline in both domestic and overseas production. Overseas...
JAPAN
Nov 18, 1999

First-half profits fall for Toyota

Hurt by the high appreciation of the yen, Toyota Motor Corp. suffered declines in pretax and operating profits for the first half of fiscal 1999, according to its midterm earning report released Thursday.
JAPAN
May 22, 1997

Electronics firms leapfrog falling semiconductor market

Buoyed by strong sales of computer-related equipment and communications devices such as cellular phones, the nation's major electronics manufacturers on May 22 reported increases in sales revenues in the business year that ended March 31.
The Central Business District on a rainy day in Beijing. Both U.S. and European companies with exposure to China could be hit by its sluggish growth as its post-COVID-19 momentum has faltered rapidly.
BUSINESS / Economy
Jul 21, 2023

China's sagging economy looms over quarterly results around the world

Both U.S. and European companies with exposure to China could be hit by that economy's sluggish growth as its post-COVID momentum has faltered rapidly.
Monex Group was sued on Thursday in what is believed to be the first lawsuit questioning the responsibility of a Japanese securities company over Credit Suisse AT1 bond losses.
BUSINESS / Companies
Jul 28, 2023

Japan’s Monex sued by client for Credit Suisse bond loss

The move marks a rare case of a financial institution being accused of responsibility for investor losses triggered by Switzerland’s move to wipe out the bonds.
In the international market, a larger number of airlines went bankrupt compared to domestic fliers due to the pandemic, with low-cost, long-haul carriers getting hit particularly hard.
COMMENTARY / World
Jul 28, 2023

Post-pandemic travel boom is running out of steam

Fare promotions and other signs of weakening domestic demand show business is leveling out for airlines after post-COVID-19 boom.
BUSINESS / Companies
Jul 31, 2023

Bigmotor suspected of fabricating insurance contracts

The news came on top of an investigation report that showed employees padded maintenance fee claims to insurance firms by deliberately damaging cars.
Pedestrians outside a Seibu department store in Tokyo's Ikebukuro district in April
BUSINESS / Companies
Jul 31, 2023

Seven & I struggles to sell slumping Sogo & Seibu department stores

The holdup is centered around the flagship Seibu department store in Tokyo's Ikebukuro district, with the local government expressing rare opposition.
Sony, a key supplier of image sensors to Apple and other device-makers, has said it doesn’t expect demand in the mobile phone market to bounce back until next year at the earliest.
BUSINESS / Companies
Aug 10, 2023

Sony falls most in a year as smartphone demand fails to recover

The Tokyo-based company’s operating income fell 31% in the first fiscal quarter because of sharp declines in the movie and sensor groups.
Honda's electric vehicle e:NP2 is displayed at the Auto Shanghai show, in Shanghai in April. The recent weakening of the yen couldn't come at a better time for Japanese automakers, which are struggling in the Chinese market.
BUSINESS / Economy
Aug 14, 2023

Weak yen gives Japan automakers temporary relief from China pain

A weak yen has traditionally lifted profits for Japan's big exporters
Elizabeth Kutschke at the park with her son Ben, who was diagnosed with spinal muscular atrophy
WORLD / Science & Health
Aug 15, 2023

When a $2 million gene therapy is not enough

Ben is one of a growing number of patients with spinal muscular atrophy whose doctors are turning to additional drugs in addition to gene therapy.
Residential buildings under construction at Tahoe Group's Cathay Courtyard development in Shanghai
BUSINESS / Economy
Aug 17, 2023

China’s housing slump is much worse than official data shows

Industry insiders and economists say China’s official home-price indexes are likely understating the depth of the downturn.
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.
Israel protests after Kyoto inn seeks war crime declaration from tourist
A street in Kyoto in March 2023. An Israeli tourist was asked to sign a document stating that he had not committed war crimes when he checked in at a Kyoto guesthouse in April, prompting a response from Israel's ambassador.
U.S. and Ukraine sign resources deal after fraught negotiations
The United States and Ukraine signed a minerals deal on Wednesday, offering a measure of assurance to officials in Kyiv.
Puzzling decisions and opaque rankings are all part of sumo's charm
Chiyoshoma (right) battles Churanoumi during the New Year Basho in Tokyo in January. The Mongolian's drop down the sumo rankings ahead of the May tournament was one of the biggest surprises of the latest banzuke.
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.
CDP submits bill proposal on separate surnames, but challenges remain
Constitutional Democratic Party of Japan lawmakers speak to reporters in parliament on Wednesday after submitting a bill in the Lower House to allow married couples to retain different surnames.
Puzzling decisions and opaque rankings are all part of sumo's charm
Chiyoshoma (right) battles Churanoumi during the New Year Basho in Tokyo in January. The Mongolian's drop down the sumo rankings ahead of the May tournament was one of the biggest surprises of the latest banzuke.
North Korea's Kim sets sights on nuclear-armed navy
An unidentified weapons system is fired from the deck of North Korea's latest destroyer, the Choe Hyon, during two days of tests on Monday and Tuesday in this undated photo released Wednesday.
Single, or not? Japanese dating app launches relationship verification system
Tapple, one of Japan's most popular dating apps, has launched the nation's first feature to verify a user's single status via their My Number card.
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.

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

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