Tiny booths for telecommuting begin rollout ahead of Tokyo 2020 Olympics
Call it co-working, Japan-style. People on the go will soon be able to find a quiet place to sit down and tap away on a laptop, thanks to phone-booth-sized offices popping up at train stations, airports and skyscraper lobbies. An enclosure of just 1.2 sq. ...
S&P warns it could be bubble time again for Japan's real estate companies as debts rise
Japan's real estate firms are entering dangerous territory. That's the assessment of S&P Global Ratings, which said in a report Friday that the sector's debt levels now eclipse that of the nation's bubble era. Remember that? It was back in the 1980s, when newspaper headlines ...
Mitsubishi Estate enters agribusiness to produce premium cherry tomatoes
Property developer Mitsubishi Estate Co. said Tuesday it has entered agribusiness as part of efforts to remodel its businesses for future growth, and plans to produce cherry tomatoes with high sugar content. The company is planning to start growing the tomatoes in June at greenhouses ...
The onsen odyssey of the Japanese snow monkey
A new commercial features a monkey traveling from Nagano to Tokyo — via train — to take a dip in a hot spring.
Mitsubishi Estate raises ¥250 billion in biggest bond sale of year
Mitsubishi Estate Co. raised ¥250 billion in the biggest Japanese corporate bond sale so far this year and the latest jumbo offer luring yield-hungry yen fixed-income investors with riskier notes. The four-part deal sold by Japan's largest property developer by market value included ¥75 billion ...
Mori Building sells debt to fund projects in run-up to Olympics
Mori Building Co. sold its longest bond ever as Japan's biggest closely held developer plans ¥1 trillion ($9.8 billion) in projects in the decade that will include the 2020 Tokyo Olympics. The company, whose Roppongi Hills complex houses Goldman Sachs Group Inc. and Apple Inc., ...
Mitsubishi Estate to tap Otemachi for new hot spring facility
Tourists and local residents in the Otemachi business district will soon be able to enjoy a natural hot spring bath in the heart of Tokyo, after real-estate giant Mitsubishi Estate Co. confirmed Tuesday it had successfully tapped a hot spring source and would proceed ...
Mitsubishi Estate Co. said Thursday that full-year earnings rose for the first time in three years as profit margins at its residential business improved and office rents recovered. Net income gained 41 percent to ¥64.3 billion for the year ended March 31, the company said ...
Mitsubishi Estate Co. said Wednesday its nine-month net income rose 73 percent as profit margins of its residential business improved. Net income came to ¥58.5 billion for the nine months that ended Dec. 31 from ¥33.9 billion a year earlier, Japan's biggest developer by market ...
Mitsubishi Estate Co., the nation's biggest developer by market value, said it is halting the sale of units in a residential building in central Tokyo because of defects. The building in the upscale Aoyama neighborhood was found to require some construction repairs, including to some ...
