National / Science & Health Sep 29, 2020
Kyoto University project aims to supply iPS cells widely at low cost
The aim of the project is to supply the cells to 1,000 patients per year at ¥1 million per person.
Business Jun 24, 2020
Fast Retailing chief to donate ¥10 billion for medical research
Fast Retailing Co. Chairman and CEO Tadashi Yanai said Wednesday he will donate ¥10 billion ($94 million) to Kyoto University to support its medical research under two Nobel Prize winners, Tasuku Honjo and Shinya Yamanaka. The chief of Fast Retailing, the operator of the Uniqlo ...
Business / Corporate Apr 9, 2020
Fast Retailing sharply cuts earnings outlook due to virus outbreak
Fast Retailing Co. on Thursday sharply cut its earnings outlook for its business year ending in August as the global outbreak of the new coronavirus forced the casual clothing retailer to close most of its overseas stores in Asia, Europe and North America. In its ...
Business / Corporate Dec 27, 2019
Fast Retailing Co. Chief Executive Officer Tadashi Yanai is leaving SoftBank Group Corp.'s board after more than 18 years as one of the few directors with the heft to challenge Masayoshi Son. Yanai, Japan's richest man, will step down on Tuesday, according to a SoftBank ...
Business Sep 4, 2019
Uniqlo operator partners with U.N. agency in bid to improve working conditions in Asia
Fast Retailing Co. said Wednesday it is partnering with the U.N.'s International Labour Organization to improve conditions for workers in Asia, in its latest push to ensure labor protection in countries where social security systems are underdeveloped. The operator of Uniqlo casual clothing stores will ...
Business / Corporate Sep 4, 2019
Billionaire Uniqlo founder Tadashi Yanai wants a woman to succeed him
by Lisa Du and Grace Huang
Tadashi Yanai, Fast Retailing Co.’s 70-year-old billionaire founder, said he would prefer to be succeeded by a woman, adding it would be better for Asia’s largest retailer. "The job is more suitable for a woman," Yanai, the chief executive officer behind clothing giant Uniqlo, said ...
Business Dec 21, 2018
Asia's megarich took a $137 billion hit in the pocketbook in 2018
by Venus Feng, Yoojung Lee and Blake Schmidt
The world's fastest growing source of megawealth hit a speed bump this year. The 128 people in Asia with enough money to crack the 500-member Bloomberg Billionaires Index lost a combined $137 billion in 2018, the first time wealth in the region has dropped since ...
National / Media | MEDIA MIX Dec 15, 2018
Carlos Ghosn's arrest spurs debate on executive salaries in Japan
by Philip Brasor
On Dec. 10, Masaaki Tanaka, former vice president of Mitsubishi UFJ Financial Group, told a news conference he would step down as president and CEO of Japan Investment Corp., an entity set up by the government in September to develop new industries through capital ...
Business / Corporate Oct 12, 2018
Uniqlo operator Fast Retailing nominates founder Tadashi Yanai's two sons to board
Fast Retailing Co. nominated its billionaire founder's two sons to the board of the Uniqlo operator, but their father insists neither is slated to take over his post, at least for now. After Asia's largest clothing retailer announced the nomination of Kazumi and Koji Yanai, ...
Business Oct 3, 2018
On Tokyo trip, tennis star Roger Federer says he's focusing on future with new sponsor Uniqlo
Roger Federer said on Tuesday in Tokyo that his decision to end a 20-year association with Nike and embark on a new chapter with Uniqlo was influenced by the Japanese clothing company's commitment to stay with him long after his playing days are over. While ...
Business Jul 13, 2018
Uniqlo finds success abroad, downplays trade war risk
by Lisa Du and Maiko Takahashi
Fast Retailing Co. shares climbed the most since January on signs that the retailer's steady expansion in overseas markets, now headlined by the face of Roger Federer, is bearing fruit even in the face of risks from an escalating trade dispute. The Uniqlo operator drew ...
Business / Corporate May 10, 2018
Japan's apparel giant Uniqlo to make foray into India in 2019
by Atul Ranjan
Global apparel retailer Uniqlo Co. will enter the Indian market in fall 2019, signaling its strong resolve to penetrate Asia's third-largest economy as part of a global campaign. Announcing the establishment of its wholly owned subsidiary Uniqlo India Pvt. Ltd. on Wednesday, Uniqlo said it ...