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The entrance to discount retailer Don Quijote's store in Tokyo's Shibuya district, known as Don Don Donki outside the country
BUSINESS / Companies
May 11, 2025

'Treasure hunt': Tourists boost sales at Japan's Don Quijote stores

Revenues at Don Quijote in Japan are "around 1.7 times higher than before the pandemic," said Motoki Hara, a manager at the retailer.
U.S. President Donald Trump’s tariffs on cars and car parts imported to the U.S. have been painful to most global brands, but crippling in Nissan’s case.
BUSINESS
May 13, 2025

Nissan shares surge as carmaker set to cut 20,000 jobs in huge overhaul

The heavily indebted company, one of the top 10 automakers by unit sales, is expected to log a record annual loss of around $5 billion later in the day.
NTT said last week it will take its data service unit NTT Data Group private. That followed its acquisition of its mobile service arm, NTT Docomo, in 2020.
BUSINESS
May 15, 2025

Listed subsidiaries get the ax in Japan after investor pressure

The trend stems from pressure on firm to cater to shareholders in response to activist campaigns, demands from the stock exchange and hostile takeovers.
Rakuten Group's stock dropped after the Japanese e-commerce firm reported a 19th straight quarterly loss, fueling concerns about the financial drag from its ailing mobile business.
BUSINESS / Companies
May 15, 2025

Rakuten Group shares sink on worse-than-expected quarterly loss

The stock plunged as much as 10% in Tokyo on Thursday, its biggest intraday drop since April 7.
Mizuho Financial Group forecast on Thursday that its net income will likely climb 6.1% to ¥940 billion ($6.5 billion) in the year that started in April.
BUSINESS / Companies
May 15, 2025

Mizuho anticipates record earnings in fiscal 2025 despite tariff dent

Japan's third-largest lender indicated that uncertainty in global trade has led to a more conservative outlook as U.S. tariff measures make business planning less predictable.
Tesla's story about keeping used cars for "robotaxis" fits a long pattern of unfulfilled promises to deploy self-driving vehicles — most recently announced for June in Austin, Texas.
BUSINESS / Companies
May 16, 2025

Tesla took back leased cars for use as 'robotaxis,' but sold them instead

Despite repeated promises, the robotaxis never came and Tesla flipped many of the off-lease cars to new buyers.
For Nintendo, it’s been a challenge making sure it can produce enough Switch 2 gaming devices to meet demand.
BUSINESS / Companies
May 20, 2025

Nintendo turns to Samsung to make chips for Switch 2

The Kyoto-based company is pivoting to Samsung because the Nvidia-based chipset that the Switch 2 employs was optimized for the Korean company’s manufacturing systems.
Honda CEO Toshihiro Mibe says the company's investment plans for electric vehicles have been scaled back during a news conference in Tokyo Tuesday.
BUSINESS / Companies
May 20, 2025

Honda walks back EV investment and sales targets on poor demand

Honda now sees hybrids accounting for 2.2 million of 3.6 million in global sales by 2030, up from the 2 million it previously saw.
Compensation paid in the year that ended in March to Nomura Holdings' seven executive officers totaled ¥4.6 billion, up 3% from the previous year when there were eight such officers.
BUSINESS / Companies
May 23, 2025

Nomura raises top executives’ pay to highest in over a decade

Compensation paid in the year ended March to the company’s seven executive officers totaled ¥4.6 billion.
An employee of Kyowa Industrial walks next to the company's factory in Takasaki, Gunma Prefecture, in April.
BUSINESS / Companies
May 24, 2025

Tariff crossfire hits Toyota, Nissan and Ford suppliers in Japan

Thousands of small and midsize makers of auto parts in Japan, including suppliers for Toyota and Nissan, are facing a crisis as U.S. tariffs threaten their bottom lines.
Mitsui O.S.K. Lines President and CEO Takeshi Hashimoto speaks during an interview in Tokyo in April.
BUSINESS
May 23, 2025

Japanese gas tanker giant sees difficulty buying Chinese vessels

Washington has issued a flurry of measures since President Donald Trump took office aimed at curbing China’s maritime dominance and reviving its own flagging shipbuilding industry.
A shareholder of Nomura Holdings has made a proposal seeking to change the company’s name to Nomura Securities Group.
BUSINESS / Companies
May 28, 2025

Nomura faces rare vote on shareholder's proposal of a name change

The proposal seeks to change the company’s name to Nomura Securities Group, which its board opposes.
SpaceX's next-generation Starship spacecraft atop its Super Heavy booster is launched on its ninth test at the company's launch pad in Starbase, Texas, on Tuesday.
BUSINESS / Tech
May 28, 2025

SpaceX's Starship spins out of control

SpaceX's Starship rocket roared into space from Texas on Tuesday but spun out of control about halfway through its flight without achieving some of its most important testing goals, bringing fresh engineering hurdles to CEO Elon Musk's increasingly turbulent Mars rocket program.
An employee of Nissan Motor works on a Leaf electric car on an assembly line at its Oppama plant in Yokosuka, Kanagawa Prefecture.
BUSINESS
May 29, 2025

Factory that symbolized Nissan's rise may become victim of its decline

Nissan faces a mountain of debt repayment and is scrambling to upgrade its aging lineup of vehicles, but hasn't said which of its 17 plants will be closed.
Japanese firms' capital expenditure gained 1.8% in the three months through March from the previous quarter, while inflation is keeping a lid on household spending and U.S. President Donald Trump’s tariff campaign clouds the trade outlook.
BUSINESS / Economy
Jun 2, 2025

Japan’s firms raised capital spending ahead of U.S. tariffs

Business spending holds the key to the country’s economic growth as inflation keeps a lid on household spending.
OECD Secretary-General Mathias Cormann delivers a speech at OECD headquarters in Paris on Tuesday.
BUSINESS / Economy
Jun 3, 2025

Trade war cuts global economic growth outlook: OECD

After 3.3% growth last year, the world economy is now expected to expand by a "modest" 2.9% in 2025 and 2026, the OECD said.
Intermediary support is crucial for drug availability in Japan, where more than 50 therapies have been identified as needed but unavailable to patients.
BUSINESS / Companies
Jun 5, 2025

Itochu working to support overseas pharma firms to fill Japan's drug gaps

Two units of the trading house will assist with everything from early-stage consulting, regulatory advice and clinical testing support to post-launch distribution.
A Tirtir store in Seoul on May 23
BUSINESS / Companies
Jun 5, 2025

South Korean beauty brands bet boom in U.S. demand outlasts tariff pain

The startups are expanding their bricks-and-mortar presence in the world's biggest consumer market, confident their mass appeal will offset tariff costs.
Pierre Chen, founder and chairman of Taiwan's Yageo, says his company would keep Shibaura Electronics’s most advanced technology in Japan if it successfully buys the Japanese firm.
BUSINESS
Jun 8, 2025

Taiwan’s Yageo plans to keep Shibaura’s AI technology in Japan

Yageo is facing off against Nintendo supplier Minebea Mitsumi in its bid for Shibaura and is offering ¥6,200 for each Shibaura share.
Bain Capital has about five deals under discussion that leverage a strategy to unlock value from real estate assets held by Japanese companies.
BUSINESS / Companies
Jun 10, 2025

With ¥723 billion in Japan real estate already, Bain ramps up property deals

Property is becoming a key feature of the booming private equity landscape in Japan, as global investment firms look to scoop up undervalued assets.
A worker cleans the floor next of a BYD dealership in Sandton, South Africa, on June 5.
BUSINESS / Tech / FOCUS
Jun 10, 2025

Why China's auto and tech giants threaten Tesla’s self-driving future

More Chinese auto and tech companies are offering affordable electric vehicles with advanced technology for a relative pittance.
Seven & I Holdings, the operator of 7-Eleven storesm has pushed back against Alimentation Couche-Tard’s unsolicited ¥7.39 trillion ($51.3 billion) takeover proposal and is overhauling its business under a new CEO.
BUSINESS / Companies
Jun 12, 2025

Couche-Tard sees ‘clear path’ to Seven & I deal with U.S. stores divestment

The Canadian retailer says several potential buyers have made proposals to acquire its convenience stores in the U.S. that overlap with Seven & I's.
Sumitomo Realty has earmarked 19 midsize office buildings in Tokyo for divestment, sources said.
BUSINESS / Companies
Jun 13, 2025

Sumitomo Realty seeks office sale after Elliott takes stake

The developer has earmarked 19 midsize office buildings for the divestment.
The government is looking to ease the overconcentration of businesses in Tokyo to tackle labor shortages in the countryside, ensure nationwide economic growth and realize a sustainable society.
JAPAN / Politics
Jun 13, 2025

Government aims to create 10,000 jobs via business relocations from Tokyo

The move is aimed at easing overconcentration of companies in the capital and bridge an urban-rural divide in economic growth.
A SpaceX Falcon 9 rocket carrying a payload of Starlink satellites lifts off from the U.S. Space Force Station in Cape Canaveral, Florida, on Tuesday.
BUSINESS / Companies
Jun 14, 2025

White House reviews SpaceX contracts as Trump-Musk feud simmers

The administration ordered the agencies to scrutinize Musk’s contracts to ready possible retaliation against the businessman and his companies, sources said.
A social media influencer photographs her meal for her followers.
BUSINESS / Tech
Jun 16, 2025

Influencers take bigger bite of ad pie as economic turmoil tightens budgets

Brands increased investment in influencer partnerships by 49% in 2024 and content creators topped social media marketing budgets, taking up a quarter of total annual spending.
Mitsubishi could announce a deal to buy the assets of Aethon Energy Management in the next couple of months, sources have said.
BUSINESS / Companies
Jun 17, 2025

Mitsubishi said to be in advanced talks on $8 billion Aethon deal

The Japanese conglomerate could announce a deal with the U.S. energy-focused investment firm in the next couple of months, according to sources.
Japan Post President Tetsuya Senda speaks during a news conference in Tokyo on Tuesday.
JAPAN
Jun 18, 2025

Japan Post to accept loss of truck transport business permit

The transport ministry is expected to revoke the permit by the end of this month at the earliest.
The deterioration of earnings at Kirayaka Bank resulted in its holding company Jimoto Holdings to book a net loss for the second straight year in fiscal 2024.
BUSINESS / Companies
Jun 19, 2025

Regional lender Jimoto Holdings exits government control

In the business year ended in March 2024, Jimoto Holdings incurred a net loss for the second straight year due to the deterioration of earnings at subsidiary Kirayaka Bank.
Japan Display holds a general shareholders' meeting on Saturday in Tokyo.
BUSINESS / Companies
Jun 22, 2025

JDI vows turnaround at shareholders' meeting

The struggling maker of liquid crystal display panels will shutter its flagship Mobara plant and cut about 1,500 jobs in Japan.

Longform

Bear attacks have dominated Japanese news headlines in recent months, with 13 people so far having been killed by the animals.
Japan’s bears have been on their killing spree for more than 100 years