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April 20, 2024
 

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An evening launch of a SpaceX Falcon 9 rocket carrying 22 Starlink satellites to low-Earth orbit as seen from Encinitas, California, on April 1.
BUSINESS / Companies
Apr 12, 2024
Musk's undisclosed Starlink costs undercut profitability claims
Despite Elon Musk's claims of profitability, Starlink is spending more than it earns, those familiar with the company's finances say.
A branch of the Fast Retailing clothing brand Uniqlo in Tokyo
BUSINESS
Apr 12, 2024
Uniqlo operator upbeat on Europe and North America after Q2 profit miss
Fast Retailing left its full-year operating profit forecast unchanged at ¥450 billion.
Toyota's domestic sales declined for the second straight month in February, as the firm has been impacted by a slew of data-rigging scandals among its group companies.
BUSINESS / Companies
Mar 29, 2024
Toyota domestic sales drop for second month on data scandals
The Japanese automaker is unlikely to attain its production goal of 10.1 million units and sales of 10.4 million units due to a recent string of scandals.
Daihatsu saw its sales fall by about 60% in January amid a scandal over fraudulent testing.
BUSINESS
Mar 1, 2024
Japan auto sales down almost 20% in February
The decline reflected the effects of certification test scandals, with new vehicle sales at Daihatsu down roughly 80% and those at Toyota down about 30%.
Toyota's domestic sales for January fell for the first time in 13 months as a data-rigging scandal at its small-car unit Daihatsu led to a production halt of some Toyota brand cars the unit made.
BUSINESS / Companies
Feb 28, 2024
Toyota Group sales lose steam amid fallout from test data scandals
Domestic sales for January fell for the first time in 13 months while worldwide production fell 3.8%, the first global decline in 13 months.
Stacked containers at an industrial port in Tokyo on Feb. 15. The weakness of the yen against the U.S. dollar boosts exporters' profits when repatriated.
BUSINESS / Companies
Feb 26, 2024
Combined profits at major Japan firms expected to hit record
The net profits of 1,430 companies listed on the Tokyo Stock Exchange are estimated to total ¥47.06 trillion in the current fiscal year, up 12.9%.
Rakuten Group has incurred a net loss for the fifth straight year.
BUSINESS / Companies
Feb 15, 2024
Rakuten logs second-largest annual net loss
The firm will skip a dividend payment for the first time in 23 years to prioritize its financial stability.
Sony trimmed its revenue forecast after sales of its flagship PlayStation 5 in the December quarter came in roughly a million units lower than analysts’ estimates.
BUSINESS / Companies
Feb 15, 2024
Sony dives most in two years after cutting PS5 sales outlook
Shares fell as much as 8.4% in early Tokyo trading, the biggest intraday fall since February 2022.
Sony Group has lifted its net profit forecast for the year ending March to ¥920 billion from an earlier estimate of ¥880 billion.
BUSINESS / Companies
Feb 14, 2024
Sony Group lifts profit forecast, aims to list financial unit in 2025
The sales projection for fiscal 2023, however, was lowered to ¥12.3 trillion from its November forecast of ¥12.4 trillion.
A slew of listed Japanese firms have logged solid earnings for the nine months ended in December including Toyota, which posted operating and net profits that reached the highest levels on record for a Japanese company.
BUSINESS / Companies
Feb 11, 2024
Major Japanese firms post higher earnings in April-December period
Of 786 component firms of the broad Topix index that had announced their April-December results as of Wednesday, 455 companies reported higher net profits.
Honda now projects an annual net profit of ¥960 billion ($6.45 billion), up ¥30 billion from the previous forecast.
BUSINESS / Companies
Feb 8, 2024
Honda and Nissan release robust earnings reports
Honda upgraded its annual profit forecast while rival Nissan said its net profit almost tripled year-on-year.
SoftBank Group booked a profit for the December quarter after four straight quarters of losses.
BUSINESS / Companies
Feb 8, 2024
SoftBank swings to profit lifted by T-Mobile windfall
SoftBank recorded its first profit after four straight quarters of losses, backed by a rebound of the Vision Fund and gains from T-Mobile shares.
Nintendo has raised its forecast for Switch console sales and its overall operating profit for the year ending in March.
BUSINESS / Companies
Feb 6, 2024
Nintendo raises sales and profit forecasts after strong holiday earnings
The Kyoto-based firm's shares are at an all-time high this year, with expectations for a next-generation Switch also playing into the lofty valuation.
Toyota raised its annual net profit forecast to a record high ¥4.5 trillion in the year ending in March.
BUSINESS / Companies
Feb 6, 2024
Toyota raises annual net profit forecast as chip shortage eases
But scandals involving rigged engine and safety tests at subsidiaries led the firm to slightly revise down its sales target for the financial year.
Nomura Holdings plans a buyback of up to ¥100 billion.
BUSINESS / Companies
Feb 1, 2024
Nomura’s trading overhaul advances as CEO plans buyback
Nomura Holdings plans a buyback of up to ¥100 billion.
Cars ready to be loaded onto a ship for export at the port in Yantai, in China's eastern Shandong province, on Jan. 2
BUSINESS / Economy
Jan 31, 2024
China seized Japan's crown for vehicle exports in 2023, data shows
The Chinese auto sector has boomed in recent years largely because of massive investments in electric cars, while Japanese firms have been more cautious.
Foreign tourists at a duty-free counter in a department store in Tokyo
BUSINESS
Jan 26, 2024
Duty-free sales at Japan department stores hit record high in 2023
The rise reflected the weak yen, as well as an increase in the number of foreign visitors to Japan.
Shoppers browse vegetables at a supermarket in Chiba. Sales at all supermarkets totaled ¥13.56 trillion, with price hikes in food items boosting overall sales despite shoppers buying fewer items, according to the Japan Chain Stores Association.
BUSINESS
Jan 23, 2024
Japan's supermarket sales grow 2.4% in 2023 on price hikes
Sales at all supermarkets totaled ¥13.56 trillion ($91.9 billion), with price hikes in food items boosting overall sales despite shoppers buying fewer items.
Average spending per customer at convenience stores increased 1.1% to ¥723.5 in 2023, but the outlook remains uncertain as inflation drags on.
BUSINESS / Economy
Jan 23, 2024
Japan's convenience store sales rise 4.1% to record high in 2023
Average spending per customer increased 1.1% to ¥723.5, but the outlook remains uncertain as inflation drags on.
While Apple has dominated the holiday quarter in recent years, its surge ahead of Samsung over a full year is unprecedented and suggests Apple is weathering an industrywide slump better than its rivals.
BUSINESS / Companies
Jan 17, 2024
Apple passed Samsung as world’s top phone-maker in 2023
Apple's surge ahead of Samsung over a full year is unprecedented and suggests Apple is weathering an industrywide slump better than its rivals.
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.
Japanese acts seize Coachella's spotlight — and this ain't your typical J-pop
Four-piece Atarashii Gakko! and Okinawan rapper Awich (center) shared the Mojave Stage at 88Risings’s “Futures” showcase at Coachella Valley Music and Arts Festival last weekend.
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.
'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.
Latest Biden chip deal highlights U.S. semiconductor successes
U.S. President Joe Biden speaks as he announces a preliminary agreement with Intel for a major CHIPS and Science Act award, during a visit to the Intel Ocotillo Campus in Chandler, Arizona, on March 20.
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.
Upstart Zelvia shows that, in the J. League, it’s anyone’s game
Machida supporters wave giant flags during the team's game against Vissel Kobe at National Stadium in Tokyo on Sunday.

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

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

SUSTAINABLE JAPAN

Leading Japan’s sustainability from Tokyo
Leading Japan’s sustainability from Tokyo

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