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BUSINESS
Oct 26, 2004

MMC hopes remodeled Colt will win back drivers

Mitsubishi Motors Corp. on Monday unveiled a remodeled compact wagon, the firm's first new model since a series of defect coverups began surfacing in March.
BUSINESS
Aug 10, 2004

Health concerns, tax hike douse Japan Tobacco's earnings

Japan Tobacco Inc., half owned by the government, reported Monday a double-digit fall in earnings for the April-June period, as heightened health concerns and a tax hike cooled smokers' cravings.
BUSINESS
Jul 29, 2004

Net profit at Sony surged 20-fold in first quarter

Sony Corp. said Wednesday its net profit for the April-June period posted a 20-fold jump to 23.26 billion yen, helped by the firm's mobile phone handset venture with Sony Ericsson Mobile Communications AB.
JAPAN
May 22, 2004

Fiscal 2003 a brutal year for MMC

Struggling Japanese automaker Mitsubishi Motors Corp. said Friday it fell deep into the red in fiscal 2003, blaming the slide in part on increased competition and auto loan-related losses in the core U.S. market.
BUSINESS
May 13, 2004

Daiei, while still ailing, now deemed 'out of intensive care unit'

Once a month, bank officials in charge of struggling Daiei Inc.'s financial affairs hold a meeting to assess how well the leading supermarket chain is rebuilding.
Japan Times
BUSINESS
May 11, 2004

Struggling Daiei adapts stores to suit local shoppers' needs

Debt-ridden Daiei Inc. has begun adapting its stores to suit the needs of local shoppers.
BUSINESS
Apr 28, 2004

Sony restructuring plan bites into 2003 net profit

Sony Corp. said Tuesday its net profit fell 23 percent to 88.5 billion yen in fiscal 2003 due to heavy restructuring expenses.
BUSINESS
Mar 10, 2004

Uniqlo stages comeback after two years in the doldrums

After suffering weak sales for nearly two years following the end of its phenomenal "fleece jacket boom," casual clothing chain Uniqlo is again enjoying strong sales.
Japan Times
BUSINESS
Feb 25, 2004

Yamanouchi, Fujisawa to merge

Yamanouchi Pharmaceutical Co. and Fujisawa Pharmaceutical Co. said Tuesday they have agreed to merge in a bid to survive intensifying global competition.
Japan Times
BUSINESS
Feb 13, 2004

Women starting new tradition: Valentine's Day self-indulgence

The sluggish economy has done little to dim the hopes of retailers this Valentine's Day season: They still expect women to flock to their shops to buy chocolates and other gifts for men.
BUSINESS
Jan 31, 2004

Honda sees net profit surge despite disappointing auto figures

Honda Motor Co. said Friday that its net profit rose 31 percent to a record 151.05 billion yen in the October-December period.
BUSINESS
Jan 14, 2004

Fuji Heavy pins 2004 hopes on remodeled Legacy wagon

Fuji Heavy Industries Ltd. said Tuesday it plans to sell 623,000 vehicles globally in 2004, up 14.5 percent from the previous year.
BUSINESS
Dec 27, 2003

Consumer prices declined for a fifth year in 2003

Japan's consumer prices fell for the fifth straight year in 2003, led by declines in prices for housing, laptop computers and durable home appliances, the government said Friday.
Japan Times
BUSINESS
Dec 27, 2003

No panic over latest BSE scare

Japanese consumers are taking the news of the first case of mad cow disease in the United States with relative calm, with restaurants and supermarkets reporting none of the tumbling sales they experienced two years ago.
BUSINESS
Nov 27, 2003

Radiant male clerks look to tempt female shoppers

Women are facing a cunning new strategy aimed at loosening their purse strings -- attractive young men working as clerks in cosmetics and women's clothing departments.
BUSINESS
Nov 18, 2003

Fuji Heavy reports 50% decline in operating profit

Fuji Heavy Industries Ltd. said Monday its consolidated operating profit in the first half of fiscal 2003 tumbled 50.4 percent from the same period last year to 18.31 billion yen.
Japan Times
COMMUNITY
Nov 9, 2003

In with le new!

It's Beaujolais Nouveau time again, and Japan -- despite its piffling per capita consumption of just three bottles of wine a year -- will suddenly become a nation of tipplers and quaffers (if not connoisseurs) of this fresh-from-the-vine red wine from France.
BUSINESS
Aug 9, 2003

McDonald's cuts annual forecast

Struggling restaurant chain McDonald's Holdings Co. (Japan) on Friday cut its full-year earnings forecast by about 50 percent due to weak sales during the first half of the year.
BUSINESS
Jul 30, 2003

Sharp net profit surged 13.5% in first quarter

Consumer electronics firm Sharp Corp. said Tuesday it chalked up a consolidated net profit of 14.05 billion yen in the first quarter of the current business year, up 13.5 percent from a year earlier.
Japan Times
BUSINESS
Jul 25, 2003

Rainy season pours cold water on recovery

The rain clouds hovering over most of Japan are not just drenching people -- they are also blighting the earnings outlook for corporate Japan.
BUSINESS
Jun 20, 2003

Vehicle market expected to expand

Vehicle sales in Japan will expand this year to 5.85 million units from the 5.79 million recorded last year, the chairman of the Japan Automobile Manufacturers Association said Thursday.
Japan Times
BUSINESS / INDUSTRY TRENDS
Jun 19, 2003

Ice cream companies turning to high-end treats

Facing a steady decline in sales of traditional ice cream, domestic frozen treat makers are turning their eyes to the upscale market -- a growing sector so far dominated by Haagen-Dazs.
BUSINESS
Jun 6, 2003

Capital investment slides for sixth quarter in row

Capital investment dropped 3 percent in the January-March period from a year earlier, down for the sixth consecutive quarter, according to a Finance Ministry survey released Thursday.
Japan Times
BUSINESS / FRONT-RUNNERS
Jun 3, 2003

Sanyo charging ahead in cell phone battery sector

Chances are if you use a mobile phone equipped with a camera, it's powered by a Sanyo battery.
BUSINESS
Apr 26, 2003

Mazda reports near threefold profit surge

Mazda Motor Corp.'s group net profit for the year through March nearly tripled from the previous year to 24.1 billion yen, due to large reductions in operating costs and the appreciation of the euro against the yen, the company announced Friday.
BUSINESS
Feb 22, 2003

Publisher Kodansha slips into red

Kodansha Ltd. fell into the red for the first time since World War II in the year through Nov. 30, due to weakening magazine sales, a company spokesman said Friday.
BUSINESS
Feb 5, 2003

Hitachi shoots into black

Hitachi Ltd. announced Tuesday that it posted a group net profit of 1.3 billion yen in the October-December quarter -- in stark contrast to a net loss of 115.8 billion yen a year earlier -- due to reduced costs and solid sales growth.
BUSINESS
Jan 25, 2003

Sapporo lowers projections for group earnings

Sapporo Breweries Ltd. said Friday it has lowered its consolidated earnings projections for its 2002 business year, which ended Dec. 31, due to falling sales of beer and "happoshu," as well as appraisal losses on its stockholdings.

Longform

Construction takes place on the Takanawa Gateway Convention Center in Tokyo, slated to open in 2025.
A boom for business tourism in Japan?