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BUSINESS
May 16, 2003

Nippon Yusen sees profit sink 18.5%

Nippon Yusen K.K. reported Thursday an 18.5 percent decline in its group net profit for fiscal 2002 but said continued streamlining drives helped lift its pretax profit after a double-digit decline the previous year.
BUSINESS
May 16, 2003

JR Tokai records sales decline

Central Japan Railway Co. (JR Tokai) said Thursday it suffered its first fall in group sales in three years in fiscal 2002. It attributed the decline to a slump in core bullet train services on the Tokaido Shinkansen Line amid an adverse business environment and intense competition with airlines.
BASEBALL / MLB
May 16, 2003

Nioka cracks homers in three straight at-bats

Yomiuri shortstop Tomohiro Nioka homered in three consecutive at-bats and rookie right-hander Yuya Kubo carried a three-hitter over eight innings in his first career start as the Giants cruised past the Yokohama BayStars 9-2 at Tokyo Dome on Thursday.
BUSINESS
May 16, 2003

UFJ, SMBC to join up on systems development

UFJ Bank and Sumitomo Mitsui Banking Corp. have agreed to jointly develop an improved account transfer system that would allow depositors to pay their utility bills automatically, sources said Thursday.
BUSINESS
May 16, 2003

Corporate bankruptcies slide for fourth month

Corporate bankruptcies fell 7.7 percent in April from a year earlier to 1,514, down for the fourth consecutive month, Teikoku Databank Ltd. said Thursday.
BUSINESS
May 16, 2003

Isuzu expects loss to more than triple

Isuzu Motors Ltd. said Thursday its estimated group net loss more than tripled in fiscal 2002 from a year earlier to 144.3 billion yen due to restructuring costs. The truck maker posted a 42.99 billion yen loss the previous year.
BUSINESS
May 16, 2003

J-Pop helps Columbia Music out of seven years of red ink

Columbia Music Entertainment Inc., reviving itself under Ripplewood Holdings LLC, reported Thursday its first profit in seven years on a group operating basis.
SUMO
May 16, 2003

Asashoryu leads on his own

Mongolian grand champion Asashoryu shoved out Takanonami on Thursday to move into sole possession of the lead at the Summer Grand Sumo Tournament.
COMMENTARY / World
May 16, 2003

Coalition mates 'George and John' savor diplomatic bonhomie

SYDNEY -- Two good friends, George W. Bush and John Howard, were chatting as they walked the American president's Scottish terrier, named Barney, around the "Texas White House." Suddenly Bush said: "You know, John, you should get yourself a dog."
BUSINESS
May 16, 2003

Mitsubishi Estate back in the black

Mitsubishi Estate Co.'s group net balance returned to the black in fiscal 2002 due to a much smaller special loss than the previous year, when it booked huge valuation losses on fixed property.
BUSINESS
May 16, 2003

Mizuho action won't affect ratings

Standard & Poor's said Thursday that Mizuho Financial Group Inc.'s new corporate revitalization project will improve the soundness of the group's loan portfolio but will not trigger any immediate ratings action on its subsidiary banks.
Japan Times
BUSINESS
May 16, 2003

LDP ready to aid life insurers

The ruling coalition is ready to endorse a controversial draft bill that would allow troubled life insurance companies to reduce payouts promised to policyholders, the Liberal Democratic Party said Thursday.
BUSINESS
May 16, 2003

Nissho Iwai, Nichimen report net losses

Trading houses Nissho Iwai Corp. and Nichimen Corp., which integrated their management under a holding company April 1, reported Thursday sizable group net losses for fiscal 2002.
SOCCER / PREMIER REPORT
May 16, 2003

Strachan looking to complete Southampton's transformation

LONDON -- To mull over a defeat the previous day when he was manager of Coventry City, Gordon Strachan went for a Sunday morning walk.
Japan Times
LIFE / Food & Drink / TOKYO FOOD FILE
May 16, 2003

Bombay Club: At last, Indian food for kulcha vultures

It's been a very long time -- thankfully -- since we could count the number of places in Tokyo serving real Indian food on the fingers of one hand. These days we don't have to travel too far to find a reasonably authentic curry. In fact, it's a measure of how fortunate we are that our main complaint...
BASEBALL / MLB
May 15, 2003

Nelson plays hero as Buffs choke on Hawks

Bryant Nelson singled home the game-winning run as the Daiei Hawks rallied for five runs in the bottom of the ninth en route to a 9-8 "sayonara" victory over the Kintetsu Buffaloes at Fukuoka Dome.
EDITORIALS
May 15, 2003

Deflation helps generate profits

Toyota Motor Corp. and Nissan Motor Co., two of Japan's leading manufacturing companies, chalked up record profits in the business year that ended March 31. Other major firms, including Honda Motor Co., also made their best showings in spite of falling prices. These results indicate that deflation is...
BUSINESS
May 15, 2003

Tokyo department store sales drop

Tokyo department store sales fell 5.6 percent in April from a year earlier to 157.21 billion yen, down for the 17th consecutive month, an industry body said Wednesday.
BUSINESS
May 15, 2003

Hitachi Capital joins mortgage firm

Hitachi Capital Corp., the consumer financing arm of Hitachi Ltd., said Wednesday it has set up a joint venture with home builders Sekisui House Ltd. and Daiwa House Industry Co. to engage in the residential mortgage loan business.
BUSINESS
May 15, 2003

Mizuho eyes borrower-revival units

Mizuho Financial Group Inc. said Wednesday it will form five financial affiliates specializing in reviving feeble corporate borrowers.
BUSINESS
May 15, 2003

Brisk exports widen nation's trade surplus

The nation's current account surplus expanded in fiscal 2002 for the first time in four years on the back of brisk exports to other parts of Asia, the Finance Ministry said Wednesday in a preliminary report.
SOCCER / World cup
May 15, 2003

Ono hires SFX to represent him

Japan midfielder Shinji Ono, playing for Feyenoord in the Dutch first division, signed a management agreement with agent Chiel Dekker of the SFX Sports Group, Ono's Japanese marketing representatives said Tuesday.
BASKETBALL / NBA / NBA REPORT
May 15, 2003

Perspective often a casualty after a big win or loss

LOS ANGELES -- Experience testifies it's not a particularly good idea to get bent out of shape by either alarming defeats or elating victories.
Japan Times
BUSINESS
May 15, 2003

Fast Retailing opens first food outlet

Fast Retailing Co., known for its Uniqlo brand of casual clothing, opened on Wednesday its first food outlet.
BUSINESS
May 15, 2003

Mitsubishi group net profit up 3%

Mitsubishi Corp.'s group net profit in fiscal 2002 rose 3.2 percent from the previous year thanks to strong results at its food and metal resources affiliates.
BUSINESS
May 15, 2003

Kose sets sights on the Philippines

Cosmetics maker Kose Corp. said Wednesday it will sell its products in the Philippines beginning in October under an exclusive sales agency agreement with Rustan Commercial Corp., a leading retail group in that country.
BUSINESS
May 15, 2003

MHI saw profit rise 30% in 2002

Mitsubishi Heavy Industries Ltd. said Wednesday that its group net profit jumped 29.8 percent in fiscal 2002 to 34.33 billion yen.
BUSINESS
May 15, 2003

Casio swings back into the black

Casio Computer Co. swung back into the black in fiscal 2002 thanks to cost-cutting efforts and increased sales in its electronics business, the office equipment and consumer electronics manufacturer said Wednesday.
Japan braces for more quakes as authorities dismiss doomsday hype
Evacuees from Akuseki Island, located in the Tokara island chain in Kagoshima Prefecuture, arrive at Kagoshima Port on Friday.
Hidden AI prompts in academic papers spark concern about research integrity
Waseda University is one of 14 institutions in eight countries found to have used hidden prompts in research papers.
A prophesied disaster (likely) won’t strike Japan this weekend
A viral manga prediction of a July 5 disaster has gripped Japan with anxiety and triggered an economic impact, but experts warn that while such dates are unreliable, the threat of a massive earthquake remains real. 
Residents of Tokara Islands begin evacuation as seismic swarm continues
Details about evacuations from Akuseki Island, located in the Tokara island chain in Kagoshima Prefecture, is seen written on a whiteboard in the city of Kagoshima on Thursday.
U.S. military apologizes over Okinawa sexual assault case
Col. Neil Owens (right), chief of staff for the 3rd Marine Division, bows in apology at the Okinawa Prefectural Government office in Naha on Thursday.
Ghibli’s Isao Takahata exhibit shows how beloved anime is made
“The man who planted Japanese animation” exhibition includes a variety of sketches, drawings and animation cels from Isao Takahata films such as color design for characters by Michiyo Yasuda from "Grave of the Fireflies."
Flag football facing challenges and opportunities ahead
Japan’s women’s flag football team at the 2025 International Bowl in Los Angeles in June. The sport is enjoying continued growth in the country.
From Hokusai’s Great Wave, shinkansen to One Piece: a cultural treasure box for Lego Japan
Michael Ebbesen, general manager of Lego Japan, says Lego bricks based on Japanese culture have a rich global appeal and are sellable around the world.
With farmed fish, RelationFish swims against the tide in fine dining
Chef Hideaki Matsuo (middle) and the staff of Oseto Suisan Fisheries prepare to check on their sustainably farmed fish.
As Southeast Asia heats up, a Japanese cooling giant sees a major opportunity
An employee of Daikin Cambodia explains the use of different tools during an air conditioner installation training session in Phnom Penh. Daikin is one of Japan’s oldest air conditioning companies, but as Japan’s population falls, the firm is keying in on overseas growth.

Podcast

One of the many entrances to the Kabukicho neighborhood in Tokyo’s Shinjuku Ward.
Kabukicho: Tokyo’s ‘stadium of desire’

Longform

Mount Fuji is considered one of Japan's most iconic symbols and is a major draw for tourists. It's still a mountain, though, and potential hikers need to properly prepare for any climb.
What it takes to save lives on Mount Fuji
By Alex K.T. Martin

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