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Taiga Uranaka
BUSINESS
Jun 11, 2003
Tesco buys into Japan market
Major British retailer Tesco PLC announced Tuesday it will acquire Tokyo-based supermarket chain C Two-Network Co. for 32.8 billion yen, joining the growing list of foreign retail giants gaining a foothold in the world's second-largest economy.
BUSINESS
May 29, 2003
Sony unveils massive restructuring plans
Sony Corp. said Wednesday it will place more emphasis on flat TVs and DVD recorders and spend 300 billion yen on a massive restructuring drive over the next three years.
BUSINESS
May 27, 2003
Profit dips 13.4% for Shinsei Bank
Shinsei Bank said Monday that its group net profit fell 13.4 percent in fiscal 2002 to 53.03 billion yen.
BUSINESS
May 22, 2003
Arcades boost Namco's profits
Game maker Namco Ltd. said Wednesday that its group net profit more than doubled in fiscal 2002, thanks to the strong performance of its domestic amusement arcades.
BUSINESS
May 21, 2003
Rising fuel costs bludgeon Tepco profits
Tokyo Electric Power Co.'s group net profit dropped 18.1 percent to 165.27 billion yen in fiscal 2002, with the increasing cost of fuel used to fire up thermal power generators weighing heavily on its earnings, the utility said Tuesday.
BUSINESS
May 20, 2003
43-year-old to become president at Sega Corp.
Sega Corp., which saw two potential merger deals slide down the drain earlier this month, announced Monday that a 43-year-old senior officer will replace Hideki Sato as president.
BUSINESS
May 17, 2003
Takeda Chemical reports record earnings
Takeda Chemical Industries Ltd., the nation's top drugmaker, on Friday reported record earnings and revenue for fiscal 2002, despite a cut in prescription drug prices.
BUSINESS
May 16, 2003
J-Pop helps Columbia Music out of seven years of red ink
Columbia Music Entertainment Inc., reviving itself under Ripplewood Holdings LLC, reported Thursday its first profit in seven years on a group operating basis.
BUSINESS
May 15, 2003
Takara learns how to spin big profits
Takara Co. on Wednesday reported better-than-expected results for fiscal 2002, thanks to strong overseas sales of its modern-day gizmos, like turbocharged tops.
BUSINESS
May 13, 2003
Sogo, Seibu to merge operations in June
Struggling department store operator Sogo Inc. announced Monday that it will integrate its operations with Seibu Department Stores Ltd. on June 1 under a new holding company, Millennium Retailing Inc.
BUSINESS
May 10, 2003
Softbank posts second net loss
Softbank Corp. said Friday its group net loss worsened in the year through March 31 due to hefty outlays to attract new subscribers to its broadband Internet service.
Japan Times
BUSINESS
May 9, 2003
Camera-phones help DoCoMo to post solid profit
NTT DoCoMo Inc., the nation's top mobile phone firm, said Thursday it posted a group net profit of 212.49 billion yen for the year through March, thanks to strong growth stimulated by camera-equipped handsets.
Japan Times
BUSINESS
May 9, 2003
Gaming industry revolution falls through
A potential revolution within the gaming industry fell apart Thursday, with Sega Corp. announcing it has scrapped integration talks with Sammy Corp. and video game maker Namco Ltd. saying it has dropped a merger proposal submitted to Sega.
BUSINESS
May 8, 2003
Shiseido shoots back to black, record earnings
Shiseido Co. not only returned to profitability for the first time in three years in fiscal 2002 but also logged record earnings thanks to strong overseas sales and cost-cutting efforts, the company said Wednesday.
BUSINESS
May 8, 2003
Power Rangers help boost Bandai's profit
Bandai Co., Japan's top toy maker, on Wednesday reported a 19 percent increase in group net profit for the year through March, with an army of characters such as Mobile Suit Gundam and Power Rangers beating the nation's deflationary trend.
BUSINESS
May 2, 2003
Ricoh profit jumps 17.7% to hit record
Copier maker Ricoh Co. said Thursday its group net profit for the business year through March 31 jumped 17.7 percent to a record 72.51 billion yen.
Japan Times
BUSINESS / INDUSTRY TRENDS
May 2, 2003
Firms itching to cash in on athlete's foot sufferers
The phrase "I wouldn't want to be in your shoes" threatens to take on a whole new meaning as summer kicks in, with an estimated one in five Japanese suffering from athlete's foot.
BUSINESS
May 1, 2003
ANA fails to right '01's financial wrongs
All Nippon Airways Co. said Wednesday it failed in the year to March to rebound from the losses it suffered the year before, blaming its sluggish performance on weak consumer spending and stiff competition on prices.
BUSINESS
Apr 29, 2003
Hitachi swings back into the black
Hitachi Ltd. said Monday it returned to profitability in fiscal 2002, thanks to cost-cutting measures.
BUSINESS
Apr 29, 2003
Matsushita logs net loss despite sharp sales rise
Matsushita Electric Industrial Co. said Monday it posted a group net loss of 19.45 billion yen for fiscal 2002, the second straight year its ink has run red.

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