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BUSINESS
Aug 10, 2002

Bridgestone recovers from tire-recall debacle

Bridgestone Corp. said Friday it posted a consolidated net profit of 24.48 billion yen in the January-June period, marking a turnaround from the 30.57 billion yen loss it logged a year earlier.
BUSINESS
Aug 8, 2002

Toyota sees pretax profit jump 51.2%

Toyota Motor Corp. said Wednesday its group pretax profit in the April-June quarter was 449.94 billion yen, up 51.2 percent from a year earlier due to strong sales in North America.
Japan Times
JAPAN
Aug 8, 2002

Government to file charges against Nippon Ham subsidiary

The government will file a criminal complaint against a unit of Nippon Meat Packers Inc. if it finds that the firm abused a beef-buyback program by disguising imported meat as domestic, Chief Cabinet Secretary Yasuo Fukuda said Wednesday.
BUSINESS
Aug 6, 2002

McDonald's returns to discount burgers

began offering on Monday its regular hamburgers for 59 the lowest price in the chain's 30-year history in Japan while rival Lotteria Co. will discount its set menus by up to 25 percent next weekend. McDonald's hamburgers were sold for 65 on weekdays during a two-year sales campaign that ended in February....
JAPAN
Aug 4, 2002

Beef prices rebound after mad cow fears

Beef prices are returning to levels last seen before the outbreak of mad cow disease last September, thanks in part to beef eaters ordering more as a way to increase stamina and ward off the oppressive heat, according to industry officials.
BUSINESS
Aug 2, 2002

Sumitomo net profits jump 20%

Trading house Sumitomo Corp. said Thursday its group posted net profits of 10.31 billion yen in the April-June quarter, up 20 percent from a year earlier.
BUSINESS
Jul 23, 2002

Honda to sell China-made 50cc scooter

Aiming to boost sluggish motorbike sales in the domestic market, Honda Motor Co. announced Monday it will begin sales of a low-priced 50cc scooter made at its Chinese assembly plant.
Japan Times
BUSINESS
Jul 5, 2002

Adidas cashes in on Japan's World Cup exploits

Philippe Troussier was not the only Frenchman elated with the surprisingly good performance of the Japanese squad in the FIFA World Cup.
BUSINESS
May 24, 2002

Matsumotokiyoshi rakes in record profits

Matsumotokiyoshi Co., the nation's largest drugstore chain, said Thursday its group net profits rose 26.9 percent to a record 6.64 billion yen in the 2001 business year on strong sales at its mainline drugstore division.
BUSINESS
May 23, 2002

Tokyo Gas posted 80 billion yen profit in fiscal '01

Tokyo Gas Co. said Wednesday its group pretax profits rose 20.6 percent to 80.63 billion yen in the business year to March 31 on strong gas sales and cost-cutting efforts.
BUSINESS
May 18, 2002

Takeda Chemical pretax profit up

OSAKA -- Takeda Chemical Industries Ltd. said Friday its group pretax profit increased 37 percent to 359.21 billion yen in fiscal 2001 from the previous year due to brisk sales of medical products at home and abroad, and the weak yen.
BUSINESS
May 16, 2002

Dentsu reports profit drop for 2001

Dentsu Inc. on Wednesday blamed sluggish advertising revenues amid the stagnant economy for a 15.6 percent drop in operating profits in the 2001 business year.
Japan Times
BUSINESS
May 3, 2002

Ailing Japan looks to World Cup to spark a spending spree

While the nation continues to struggle with weak consumer spending amid the protracted economic slump, the World Cup soccer finals, which Japan and South Korea will cohost from May 31 to the end of June, seem to be loosening the purse strings of some consumers.
BUSINESS
Apr 26, 2002

Toshiba, NEC, Fujitsu report huge losses

High-tech giants Toshiba Corp., NEC Corp. and Fujitsu Ltd. on Thursday reported decreased sales and huge losses for the 2001 business year, blaming the slump in global demand for semiconductors and a sharp decline in prices.
BUSINESS
Apr 20, 2002

Daiei suffers 332.5 billion yen loss

Ailing supermarket operator Daiei Inc. announced Friday a consolidated net loss of 332.51 billion yen for the business year that ended in February, blaming the losses on increased restructuring costs.
Japan Times
BUSINESS
Apr 18, 2002

Restructuring has Imperial Hotel ready to strike

As foreign hoteliers invade the Tokyo market, the prestigious Imperial Hotel Ltd. is busy planning a counteroffensive.
CULTURE / Books / THE ASIAN BOOKSHELF
Apr 14, 2002

Desperate times call for innovative measures

No quick recovery is on the horizon for the slumping Japanese book business. That is the consensus of commentator Kazuhiro Kobayashi, writing in Shuppan News (January), and of three experts discussing the matter in Tsukuru (March) -- Yasuo Ueda, Yoshiaki Kiyota and Hiroyuki Shinoda. Unit sales, revenues...
BUSINESS
Apr 13, 2002

Audi plots huge campaign in Asian, Pacific markets

German automaker Audi AG plans to increase its presence in the Asian and Pacific markets, targeting annual sales of 80,000 to 90,000 units -- or 10 percent of the firm's global sales -- in five years, an Audi executive said Friday.
BUSINESS
Apr 12, 2002

Ito-Yokado claims top supermarket slot

Ito-Yokado Co. has claimed top spot in the supermarket chain sector in terms of operating profits for the first time in two years, according to an earnings report released by the company Thursday.
BUSINESS
Apr 10, 2002

Matsushita plots Chinese alliance

OSAKA -- Matsushita Electric Industrial Co. will form an alliance with Chinese home appliance maker TCL Holdings Co. to engage in sales and product development in China, a company official said Tuesday.
LIFE / Digital / NAME OF THE GAME
Mar 7, 2002

Xbox grapples for Japan footing

Imagine a Sumo tournament with a young Konishiki battling Akebono, the winner of which must then challenge Godzilla. Such a battle is going on right now in the video game arena.
BUSINESS
Feb 5, 2002

JT cuts earnings projection, citing costs of reform

Japan Tobacco Inc. said Monday it has lowered its projection of 52 billion yen in group net profit to 30 billion yen for fiscal 2001 due to an extraordinary loss of 41.5 billion yen in restructuring costs.
BUSINESS
Jan 30, 2002

Fujitsu reports 106 billion yen loss in latest quarter

Major electronics manufacturer Fujitsu Ltd. incurred consolidated losses of 106.1 billion yen for the October-December quarter of fiscal 2001, compared with net losses of 69 billion yen in the same period the previous year, company officials said Tuesday.
BUSINESS
Jan 25, 2002

Peugeot challenging Germans in import car mart

France's Peugeot Citroen is grabbing a larger share of Japan's market for imported vehicles, challenging the dominant German automakers, according to industry officials.
Japan Times
BUSINESS
Jan 1, 2002

Bad times spark new breed of lottery fan

Masao Kitasawa, 58, is a lottery fan. He buys about 10 lottery tickets a week, spending roughly 10,000 yen a month to "dream a little."
BUSINESS
Nov 27, 2001

Isuzu Motors to jettison 3,300 more jobs by '04

Isuzu Motors Ltd. on Monday reported consolidated net and pretax losses for the first half that ended Sept. 30 and announced it will cut an additional 3,300 jobs to bring its group workforce down from some 38,000 to 24,700 by March 2004.
JAPAN / INTERNATIONAL RATIONALE
Nov 15, 2001

Automakers steering toward financial markets

As the nation's banking sector continues to struggle with bad debts and falling stock prices, major automakers from Japan, Europe and the United States are seeking to expand the scale and scope of their financial businesses here.
BUSINESS
Nov 15, 2001

Trader Mitsui's profits slip 2.7%

Mitsui & Co. said Wednesday its consolidated net profit in the business first half fell 2.7 percent from a year earlier to 23.42 billion yen on slumping sales of petroleum, gases and chemicals.
BUSINESS
Nov 11, 2001

Asahi Mutual may sell off unit to Tokio

Asahi Mutual Life Insurance Co. is in final talks with Tokio Marine & Fire Insurance Co. to sell off its sales division to the nonlife insurer's wholly owned subsidiary, Tokio Marine Life Insurance Co., sources close to the talks said Saturday.
BUSINESS
Nov 10, 2001

NTT Data interim profit down 3%

NTT Data Corp. said Friday it registered a consolidated net profit of 10.84 billion yen in the first half of fiscal 2001, down 2.8 percent from a year earlier.

Longform

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