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April 26, 2024
 

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DRUGSTORES

Aeon plans to spend about ¥102.3 billion to acquire a 13.6% additional stake in Tsuruha from Hong Kong-based hedge fund Oasis Management.
BUSINESS / Companies
Feb 28, 2024
Retailer Aeon to merge with drugstore chains Tsuruha and Welcia
The three companies said they will seek to expand their businesses outside Japan.
A pedestrian walks outside an Aeon store near Kofukuji Matsubara shopping street in Yokohama in April 2022.
BUSINESS
Jan 29, 2024
Japan's Aeon in exclusive talks to buy Tsuruha stake from Oasis
An increase in Aeon's stake would add to its drugstore business, a key growth driver for the firm.
A drugstore in Tokyo in October
BUSINESS
Dec 23, 2023
Fund that got in before Buffett now likes Japan drugstores
A top fund manager says there’s opportunity to profit from consolidation in the sector.
The health ministry compiled a draft plan to strengthen regulations on the sales of over-the-counter drugs, including banning retailers from selling cough and cold remedies that may be abused to people under 20 in large volume.
JAPAN
Dec 1, 2023
Japan to tighten regulations on over-the-counter drug sales
The plan comes in response to the spread of overdoses mainly among young people.
A Tsuruha Holdings store in Otaru, Hokkaido. The drug store chain is considering selling the entire company for about $4 billion or even more, sources said.
BUSINESS / Companies
Nov 15, 2023
Japan’s Tsuruha weighs sale after proxy battle with Oasis
The company is working with an adviser on the potential transaction and has reached out to some private equity firms to gauge their interest.
A Matsumotokiyoshi drugstore in Tokyo. Matsumotokiyoshi Holdings and Cocokara Fine integrated their operations in 2021.
BUSINESS / Companies / FOCUS
Oct 10, 2023
Japanese drugstores under pressure for realignment
One analyst has described realignment in the drugstore sector as "a natural course of development."
Welcia Holdings, Japan’s largest drugstore chain, is one of the first Japanese companies to respond to China easing its ban on group tours to a raft of countries last week.
BUSINESS
Aug 18, 2023
Japan drugstore chain boosts duty-free counters on China bets
The company plans to offer duty-free services at 1,000 stores, up from about 260 currently, and it expects tourists to travel beyond Japan’s major cities.
Japan Times
JAPAN
Jul 17, 2023
Electronic prescriptions fail to catch on in Japan
Despite the goal of countrywide integration by the end of fiscal 2024, only 2% of relevant medical facilities have begun using the system.
Japan Times
JAPAN / Science & Health
Mar 22, 2023
Hay fever medicine in high demand amid high pollen count
Sales of hay fever-related items such as anti-inflammatory nasal drugs more than doubled to 210% of last year's figure in the week from Feb. 27.
Japan Times
JAPAN
Jan 11, 2023
Health ministry suggests restricting bulk drug purchases amid hoarding fears
The message follows reports of Chinese people in the country buying medicine in bulk and mailing it to friends and families back home.
Japan Times
WORLD / Science & Health
Apr 27, 2022
With supply more abundant, U.S. pharmacies struggle to use up COVID pills
The rollout of the COVID-19 treatment Paxlovid has been far more complicated and less efficient than expected, leaving hundreds of thousands of courses unused.
Japan Times
BUSINESS
Apr 14, 2020
Retailers in Japan brace for tough year as virus hits consumption hard
Recent decisions by major retailers including Seven & I Holdings Co. and Takashimaya Co. to forego the release of earnings guidance due to the coronavirus outbreak highlights the seriousness of Japan's consumption slump.
'So hot you can't breathe': Extreme heat hits the Philippines
A pedestrian cools himself with a folding hand fan as he waits for a ride along a road in Manila on Wednesday, as extreme heat hit the Philippines.
Over 40% of Japan's municipalities at risk of vanishing, study finds
Of 1,729 local municipalities nationwide, 744 have been identified as being at risk of disappearing.
Princess Aiko makes debut at imperial garden party
Princess Aiko attends an imperial garden party in Tokyo on Tuesday.
'Sugar Baby Riri' gets nine-year prison term over romance scam
Mai Watanabe, who went by the moniker “Sugar Baby Riri,” dated older men and swindled them out of money by telling them fictitious heartbreaking stories about herself to gain their sympathy.
Japan's former PM Aso meets Trump for talks on security and economy
Former U.S. President Donald Trump and Taro Aso, vice president of Japan's ruling Liberal Democratic Party, in New York on Tuesday. The Japanese government’s top spokesman on Wednesday played down the meeting as one conducted "in the capacity of one lawmaker" and “without the government’s involvement.”
For amateur sumo, a fresh start offers hope against time-wasting and gamesmanship
Wrestlers prepare for the start of a bout at the 2023 Sumo World Championships in Tokyo. Starting this month, placing one hand on the clay first is no longer allowed.
LDP veteran Nikai's youngest son expected to succeed him in Wakayama
Toshihiro Nikai, former secretary-general of the Liberal Democratic Party, announced in March that he would not run in the next Lower House election to take responsibility for the political funds scandal that rocked his party and his own faction.
New workers name Shohei Ohtani as 'dream boss' for two years running
Shohei Ohtani has been overwhelmingly voted as the “dream boss” for people who started working in April, according to a survey.
A craft beer crawl through Tokyo’s top bars, brewpubs and dives
If all you drink is Asahi, Sapporo and Kirin, you're depriving yourself of some of the best craft beer Tokyo has to offer — and there sure is a lot of it out there.
'Sugar Baby Riri' gets nine-year prison term over romance scam
Mai Watanabe, who went by the moniker “Sugar Baby Riri,” dated older men and swindled them out of money by telling them fictitious heartbreaking stories about herself to gain their sympathy.

Podcast

From easily navigable train stations to the helpfulness of its municipal staff, Tokyo has earned high praise for its commitment to accessibility for disabled travelers.
[Rebroadcast] Japan is doing better on accessibility than you may think

Longform

Later this month, author Shogo Imamura will open Honmaru, a bookstore that allows other businesses to rent its shelves. It's part of a wave of ideas Japanese booksellers are trying to compete with online spaces.
The story isn't over for Japan's bookstores
By Alex K.T. Martin

SUSTAINABLE JAPAN

Prize winner Maki Imoto catches light with glass
Prize winner Maki Imoto catches light with glass

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