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May 16, 2024
 

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MITSUI O S K

BUSINESS / Companies
Jan 29, 2016
Mitsui O.S.K. expects to sink into red ink for business 2015
Shipping giant Mitsui O.S.K. Lines Ltd. said Friday it will fall into the red in the business year ending in March after incurring huge restructuring costs amid deteriorating profitability on sluggish demand linked to China's economic slowdown.
BUSINESS
Dec 25, 2015
SMFG chief says 'cautious' approach to lending needed in slowing Asia
Sumitomo Mitsui Financial Group Inc.'s top executive said the bank needs to be cautious in its drive to boost lending in Asia, as a slowdown in China and the slump in commodity prices cloud the region's economic outlook.
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
Nov 19, 2015
Shopping complex opens doors at expo site in Osaka
About 4,000 visitors Thursday got a peak at Expocity, the new 170,000-sq.-meter shopping and entertainment complex build on the site of the 1970 World Exposition in Osaka Prefecture.
Japan Times
JAPAN
Nov 12, 2015
Prime contractor for tilting Yokohama condo makes first public apology
The vice president of Sumitomo Mitsui Construction, the prime contractor for the tilting condominium building in Yokohama, has apologized over the incident — the first such acknowledgment of regret by the company since the scandal broke mid-October.
BUSINESS / Companies
Nov 11, 2015
Sumitomo Mitsui Construction says it cannot estimate earnings impact of scandal
Sumitomo Mitsui Construction Co. said Wednesday it cannot estimate the impact on future earnings of a scandal that began with falsified data for pilings of a now-tilting condominium building.
Japan Times
BASEBALL / Japanese Baseball
Nov 10, 2015
Maeda, Fukudome among Golden Glove recipients
Hiroshima Carp ace Kenta Maeda added another accolade to his already lengthy list when he was revealed as one of this year's Mitsui Golden Glove recipients on Tuesday afternoon.
CULTURE / Art
Nov 10, 2015
'Generations of Mitsui Family Treasures'
Nov. 14-Jan. 23
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.
BUSINESS
Nov 4, 2015
Toyota, two firms to help ventures developing new technologies
Toyota Motor Corp. and two other companies will invest a total of ¥13.5 billion ($111 million) in a new fund to support venture companies developing next-generation technologies, the firms said Wednesday.
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.
BUSINESS
Sep 9, 2015
Takeover of Amlin makes other Lloyd's insurers bid targets
Amlin PLC's $5.3 billion takeover by a Japanese competitor has put the remaining four publicly traded Lloyd's of London insurers in the spotlight for a possible takeover.
Japan Times
BUSINESS / Companies
Sep 8, 2015
Mitsui Sumitomo Insurance to buy British insurer Amlin for ¥635 billion
Mitsui Sumitomo Insurance Co. said Tuesday that it will buy Britain's nonlife insurer Amlin PLC for around ¥635 billion, as it pursues global expansion in the face of a shrinking domestic market.
BUSINESS / Companies
Aug 31, 2015
Sumitomo Mitsui zeros in on U.S. 'fintech' sector
Sumitomo Mitsui Financial Group Inc.'s credit card unit is zeroing in on investments in the U.S. financial-technology sector, as Japan plays catchup to other developed economies in electronic payments.
BUSINESS / Companies
Aug 26, 2015
Nissay seen looking to buy Mitsui Life for ¥400 billion in insurance sector shake-up
Nippon Life Insurance Co. is considering buying its smaller competitor, Mitsui Life Insurance Co., in an attempt to regain the crown as the country's top premium revenue earner.
BUSINESS / Companies
Aug 11, 2015
Mitsui, GE sign cost-cutting mining pact as prices tumble
Mitsui & Co., Japan's largest trader of iron ore and oil, will partner with General Electric Co. in exploring ways to cut costs on mining operations amid the decline in commodity prices.
Japanese stripper bids to have her porn movies taken off internet
Plaintiff Miyuki Ariga (left) speaks at a news conference along with her lawyer, Yoshitomo Morohashi, after filing a lawsuit at the Tokyo District Court on Monday.
In Japan, 68,000 people over 65 projected to die alone at home this year
As Japan grapples with its population's rapid aging, supporting people who live and age alone is looming larger on the policy agenda.
Japan’s carmakers look to China tech to claw back market share
Toyota CEO Koji Sato says the company plans to expand AI-related investments, and this year will focus on building a strong foundation for software-defined vehicles.
Ishin struggles to set itself apart from other parties
Nippon Ishin no Kai Secretary-General Fumitake Fujita (right) speaks beside Yui Kanazawa, the party's candidate in the Tokyo 15th district by-election on April 28. Nippon Ishin lost in this by-election as well as another in Nagasaki held on the same day.
Is Modi’s party heading for a stunning election loss?
Indian Prime Minister Narendra Modi's campaign tactics have escalated, including anti-Muslim rhetoric and fearmongering, reflecting his ruling party's desperation.
New Taiwan president to set tone for ties with China at inauguration
Taiwan President-elect Lai Ching-te arrives at the CyberSec 2024 Exhibition in Taipei on Wednesday.
Ishin struggles to set itself apart from other parties
Nippon Ishin no Kai Secretary-General Fumitake Fujita (right) speaks beside Yui Kanazawa, the party's candidate in the Tokyo 15th district by-election on April 28. Nippon Ishin lost in this by-election as well as another in Nagasaki held on the same day.
In Japan, 68,000 people over 65 projected to die alone at home this year
As Japan grapples with its population's rapid aging, supporting people who live and age alone is looming larger on the policy agenda.
In a rare event, the Northern Lights show up in Hokkaido
The Northern Lights in Nayoro, Hokkaido, on Saturday
Is black the new green for Japan’s flagging tea farmers?
George Guttridge-Smith brews tea at Kyoto Obubu Tea Farm in Wazuka, Kyoto Prefecture, where he serves as head of international development.

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