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April 20, 2024
 

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MITSUI FUDOSAN

In Japan, there’s a huge gap between how companies value their real estate assets on their books against what those same properties would fetch if sold in the market.
BUSINESS / Companies
Apr 16, 2024
Hidden billions in Tokyo real estate lure activist hedge funds
Billions in value can be unlocked by pressuring companies to sell off holdings, a tactic that activist funds are now employing.
Japan Times
BUSINESS
Jul 12, 2023
Mitsui Fudosan displaces Mitsubishi Estate as Japan's top real estate developer
Recovering tourism, after the lifting of pandemic controls, and work-from-home habits have altered investors’ views of hotels and offices, in which Mitsui is more heavily invested.
Japan Times
JAPAN
Dec 16, 2022
Tokyo court rejects suit over Olympic village's delayed condo use
The properties in question are part of the Harumi Flag complex being developed on an artificial island in Tokyo Bay and total of 4,145 residential units.
Japan Times
BUSINESS / Companies
Jun 7, 2021
'Nihonbashi Valley': Tokyo’s old trade quarters transforming into a startup hub
The financial district home to the Tokyo Stock Exchange and the Bank of Japan is undergoing a makeover, luring dozens of life science and space technology startups.
Japan Times
BUSINESS / Companies
Jan 20, 2021
Mitsui Fudosan successfully acquires Tokyo Dome via tender offer
Tokyo Dome is projecting a net loss of u00a518 billion for the business year through Jan. 31.
Japan Times
BUSINESS / Companies
Nov 27, 2020
Mitsui Fudosan set to bid for Tokyo Dome to ward off Oasis
The real estate company is preparing to make a tender offer of about u00a5100 billion ($960 million), sources say.
Japan Times
BUSINESS / Economy
Jul 5, 2019
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.
Japan Times
BUSINESS
Mar 29, 2018
Luxury complex Tokyo Midtown Hibiya opens in arts district
The Tokyo Midtown Hibiya shopping and entertainment complex opened for business Thursday in the capital's arts district, connecting Japan's key business, fashion and political areas.
BUSINESS / Companies
Feb 16, 2018
Mitsui Fudosan adds 70 shops in outlet mall expansion at Kuala Lumpur airport
With the goal of operating Southeast Asia's largest outlet mall by 2021, Japanese real estate developer Mitsui Fudosan Co. has expanded its factory outlet shopping mall at Kuala Lumpur International Airport.
Japan Times
BUSINESS / Companies
Jan 30, 2018
Mitsui Fudosan ready to open new Tokyo Midtown in Hibiya in March
Tokyo Midtown Hibiya, a 35-story office and shopping complex, will open in Chiyoda Ward in March, with its developer, Mitsui Fudosan Co., saying it hopes to evolve the Hibiya area into a crossing point for both businesses and culture.
JAPAN
Dec 3, 2015
Prime contractor behind leaning building ordered pilings of insufficient length
The health ministry raids a manufacturer of blood products and vaccines after a panel accused it of several violations.
Japan Times
BUSINESS / Companies
Nov 6, 2015
Asahi Kasei cuts profit target, says piles scandal hard to cost
Construction subcontractor Asahi Kasei Corp. lowered its annual forecast by 14 percent on Friday, but said the figure excludes a probe into its work on building foundations.
JAPAN
Oct 27, 2015
Employee in building piling scandal also worked on neutrino facility
An employee of the Asahi Kasei Corp. subsidiary at the heart of a data falsification scandal also handled piling work for a neutrino experimental facility in Ibaraki, the prefectural government said Tuesday.
Japan Times
JAPAN
Oct 22, 2015
Asahi Kasei subsidiary worker linked to leaning Yokohama condo handled 41 projects over 10 years, firm reveals
An Asahi Kasei Construction Materials Corp. employee at the center of a tilting condo controversy oversaw 41 projects in nine prefectures over 10 years.
Japan Times
JAPAN
Oct 20, 2015
Tilting condo may be tip of iceberg for shoddy housing construction nationwide
The scandal surrounding structural flaws and falsified data for a tilting residential building in Yokohama has cast a spotlight on loopholes in the real estate industry's entrenched system, according to experts who speculate the trouble may turn out to be just the tip of an iceberg.
Japan Times
JAPAN
Oct 20, 2015
Asahi Kasei vows independent probe over tilting condo building
Top executives of Asahi Kasei Corp., parent of the company that handled the piling work for a tilting Yokohama condominium building, apologize and say the company will do its best to discover the facts surrounding the case.
JAPAN
Oct 16, 2015
Mitsui Fudosan eyes complete rebuild of four Yokohama condos after one found to tilt
Japan's biggest developer is considering rebuilding an apartment complex in Yokohama after one of the four buildings started to tilt.
Japan Times
BUSINESS / FOCUS
Mar 20, 2015
Mitsui Fudosan, Mitsubishi Estate among foreign developers grabbing major N.Y. deals
Mitsui Fudosan Co., Mitsubishi Estate Co. and a handful of other foreign developers are taking stakes in major real estate projects such as high-rises and commercial properties in New York as the U.S. economy recovers.
BUSINESS / Companies
Jan 22, 2015
Mitsui Fudosan to build office tower in Manhattan
Mitsui Fudosan Co., Japan's biggest developer, will build an office tower in Manhattan with an expected cost of ¥150 billion.
Japan Times
JAPAN / Crime & Legal
Oct 8, 2014
Court turns down damages suit over quake-caused land liquefaction in Chiba Prefecture
The Tokyo District Court on Wednesday turned down a damages suit against the nation's biggest real estate developer and other defendants over the liquefaction of residential land in Chiba Prefecture caused by the deadly March 11, 2011, earthquake.
No link to Nankai Trough quake seen after temblor in Shikoku
Satoshi Harada from the Meteorological Agency explains about the magnitude 6.6 earthquake during a news conference early Thursday.
Tehran signals no retaliation against Israel after drones attack Iran
A reported strike against Iran by Israel on Friday came against the backdrop of Iran's support for the Palestinian Hamas militant group, whose assault into Israel on Oct. 7 triggered Israel's invasion of Gaza.
In a first, Japan doctors sue Google over negative reviews on firm's map app
One of the lawyers representing a group of doctors suing Google told a news conference that the main purpose of the lawsuit is not to seek compensation but instead to raise awareness over various problems with the Google Maps system.
Former No. 1 Kento Momota retires from international badminton at 29
Badminton star Kento Momota leaves a news conference after announcing his retirement from Japan's national team, in Tokyo on Thursday.
Thousands evacuated as Indonesia volcano erupts
Indonesia's Mount Ruang spews hot lava and smoke as seen from Sitaro, North Sulawesi, on Wednesday.
'House of the Owl' brings Hollywood values to Japanese TV
In the new Disney+ series “House of the Owl,” Min Tanaka (left) plays a powerful political fixer, or “kuromaku,” who has a troubled relationship with his adult children, particularly his idealistic son, played by Mackenyu.
Benefits and risks: AUKUS looks to take gamble on Japan
U.S. President Joe Biden, Australian Prime Minister Anthony Albanese and British leader Rishi Sunak deliver remarks on the AUKUS partnership, after a trilateral meeting, at Naval Base Point Loma in San Diego in March last year.
Kyoto’s demon night parade lives to haunt another day
In a Kyoto long past, the "hyakki yagyō" (100 demon night parade) haunted a sleepy corner of Kyoto. Now, one enterprising monster enthusiast has won a small batttle to keep the march alive.
U.S. deploys midrange missile system in Indo-Pacific for first time
A U.S. Army Mid-Range Capability (MRC) Launcher arrives as part of the capability’s first deployment into theater on Northern Luzon, Philippines, April 8.
Unpacking the chaotic by-election in a scandal-hit Tokyo district
People listen to a campaign speech in Tokyo's Koto Ward on Tuesday.

Podcast

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[Rebroadcast] Japan is doing better on accessibility than you may think

Longform

Historically, kabuki was considered the entertainment of the merchant and peasant classes, a far cry from how it is regarded today.
For Japan's oldest kabuki theater, the show must go on
By Lance Henderstein

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