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November 26, 2024
 

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BUSINESS
Mar 9, 2002

Toyo Shutter to ask banks for financial fresh air

OSAKA -- Toyo Shutter Co. said Friday it will ask six of its main banks for 12.6 billion yen in financial assistance as part of its new restructuring plan.
BUSINESS
Mar 4, 2002

Sato Kogyo files for bankruptcy

Debt-saddled Sato Kogyo Co. and eight of its subsidiaries filed for protection from creditors with the Tokyo District Court on Sunday under the Corporate Rehabilitation Law, becoming the second midsize general construction contractor to collapse in the three months since Aoki Corp. folded in December....
BUSINESS
Mar 2, 2002

Matsushita and union haggle over bonuses

OSAKA -- Matsushita Electric Industrial Co. and its labor union are at an impasse regarding next year's bonuses, with the company hoping to slash payouts below a threshold equal to four months' pay due to a sharp decline in earnings.
BUSINESS
Feb 28, 2002

Matsushita plans to sell Osaka towers

OSAKA -- Matsushita Investment & Development Inc., a real estate developer in the Matsushita group, plans to securitize its twin towers in Osaka and other properties and sell them to investors for some 60 billion yen, company sources said.
JAPAN
Feb 21, 2002

Lifetime employee laments end to her dream of promotion

Setsuko Tanao, an employee at Nomura Securities Co., has fought for gender equality in the workplace since joining the firm's Osaka branch as a high school graduate in 1961.
BUSINESS
Feb 16, 2002

Asahi Mutual to cut stock losses

Asahi Mutual Life Insurance Co. said Friday it will raise 150 billion yen and cut its shareholding losses by 400 billion yen by March 31 in a bid to regain customer trust and stop policy cancellations.
JAPAN
Feb 14, 2002

Kinden Corp. penalized over evaded taxes

OSAKA -- Electrical contractor Kinden Corp. failed to declare about 900 million yen in corporate income in the three business years to March 31, 2000, and has been ordered to pay 300 million yen in back taxes and penalties, industry sources said Wednesday.
JAPAN
Feb 8, 2002

Snow Foods cuts bosses' pay by 50%

Snow Brand Foods Co., the meat packer hit by a fraudulent beef-labeling scandal, said Thursday it will cut the salaries of its president and two senior managing directors by 50 percent next month.
JAPAN
Feb 2, 2002

Snow Brand exec faces fraud charge

The agriculture ministry on Friday filed a criminal complaint against a Snow Brand Food Co. official who allegedly orchestrated the falsification of labels on beef products to obtain government subsidies for mad cow disease.
JAPAN
Feb 1, 2002

Snow exec implicated in fraud he investigated

A Snow Brand Food Co. division chief assigned to investigate allegations of false labeling of meat to get state subsidies by its Kansai Meat Center was directly involved in the fraud he was to probe, sources said Thursday.
BUSINESS
Jan 30, 2002

JAL, JAS give merger details

Japan Airlines Co. and Japan Air System Co. on Tuesday unveiled details of their upcoming merger, saying they plan to cut 73 billion yen in costs by fiscal 2005 by shedding 3,000 workers and sharing aircraft and facilities.
BUSINESS
Jan 27, 2002

Nissho Iwai to sell new head office

Trading company Nissho Iwai Corp. plans to sell its new head office building in Tokyo's Daiba district in order to raise cash to reduce its mounting debts, according to company sources.
JAPAN
Jan 25, 2002

Snow unit could face charges

Farm minister Tsutomu Takebe said Thursday he is considering filing a criminal complaint against Snow Brand Food Co. with investigative authorities.
JAPAN / INTERNATIONAL RATIONALE
Jan 19, 2002

Coffee shops on different tracks in Japan

Three specialty coffee chains from Seattle -- Starbucks, Tully's Coffee and Seattle's Best Coffee -- are aggressively expanding their business in Tokyo, changing the face of the capital with the rich aroma of espresso.
BUSINESS
Jan 14, 2002

Nakatani's dad's firm probed

Tax authorities investigated a construction firm run by the father of Defense Agency chief Gen Nakatani in connection with an alleged tax evasion case involving a secretary of former Liberal Democratic Party Secretary General Koichi Kato, sources close to the case said Sunday.
BUSINESS
Jan 10, 2002

Sanwa, three other banks look at bailing out struggling Daiei

Sanwa Bank and three of Daiei Inc.'s other creditor banks are considering a bailout package for the struggling supermarket chain, including debt forgiveness and a debt-for-equity swap, as one of "many options," a Sanwa Bank spokesman said Wednesday.
BUSINESS
Jan 10, 2002

Merrill Lynch to ax 20 branches

Merrill Lynch Japan Securities Co. said Wednesday it will drastically reduce its retail brokerage business in Japan, closing 20 of its 28 branches.
Japan Times
CULTURE / Stage
Jan 9, 2002

Tokyo Kandenchi putting a little spark back into the Bard

For my first theater outing of 2002, I went to see "A Midsummer-Night's Dream" by Tokyo Kandenchi (Tokyo Dry Battery). In this -- their 25th anniversary performance, but their first-ever brush with the Bard of Avon -- the company made no pretense of striving to scale great literary heights, but instead...
LIFE / Digital / NAME OF THE GAME
Dec 27, 2001

Get ready for Xbox

The last time an American company successfully launched a game console in Japan, Jesse Takamayama was the famous Hawaiian Sumo wrestler and Chad Rowan (aka Akebono) was still in high school. The last time an American company successfully launched a video game console in Japan, a famous hanafuda card...
BUSINESS
Dec 26, 2001

Nidec plans parts venture in China

Major precision motor manufacturer Nidec Corp. said Tuesday it will set up a joint venture March 1 with five of its group companies in China to manufacture components for computer systems.
BUSINESS
Dec 22, 2001

Cheap burger policy under review

Ltd. has changed its half-price hamburger policy for weekdays at outlets in three prefectures, setting new discount prices that will run throughout the week, company officials said Friday. The company plans to extend the system to other areas next year, they added.
JAPAN
Dec 7, 2001

Aoki goes under with 522 billion yen in liabilities

The construction industry was dealt another blow on Thursday when general contractor Aoki Corp. effectively went bankrupt, filing for court protection from creditors under a civil rehabilitation law.
COMMUNITY
Nov 25, 2001

Key insight spells riches for Hollywood nail care magnate

All it took for a small dental supply business to become the world's largest independent manufacturer of nail products was one man's realization that some of his biggest buyers of dental acrylics weren't dentists at all they were manicurists.
Japan Times
COMMUNITY
Nov 25, 2001

'Prince of Knitting' spins a good yarn

KYOTO -- Being male and knitting for a living has earned Mitsuharu Hirose the reputation of being somewhat "strange." Parading about on television in women's knit tops and makeup probably played a part as well. But that doesn't needle Hirose one little bit.
Bluesky is booming in Japan — mainly for reasons other than U.S. politics
According to Similarweb, average monthly user numbers for Bluesky on Android in Japan quintupled in the 12 months to October.
Taiwan stuns Samurai Japan to capture Premier12 title
Japan starter Shosei Togo reacts after allowing a three-run home run against Taiwan in the fifth inning of the Premier12 final on Sunday.
Japan’s sauna movement: Relax, refresh, repeat
Totopa in Tokyo’s Shinjuku Ward was picked by consultants TTNE as the best sauna of the year.
AI boom makes 139-year-old cable maker Japan’s hottest stock
Fujikura's headquarters in Tokyo's Koto Ward. The company's share price has surged by more than 400% this year.
Japan and U.S. to form missile plan in case of Taiwan emergency
A U.S. Marine Corps M142 High Mobility Artillery Rocket System (HIMARS) and a Japanese Ground Self-Defense Force Type 12 Surface-to-Ship Missile (12SSM) system are put on display at a symposium at a base in Kisarazu, Japan, in June 2022.
Bluesky is booming in Japan — mainly for reasons other than U.S. politics
According to Similarweb, average monthly user numbers for Bluesky on Android in Japan quintupled in the 12 months to October.
Are you leaving your loved ones digital legacies or headaches?
The National Consumer Affairs Center reports a growing number of consultations regarding "digital legacies" — data and online services left behind when people die.
How Japan can exit the fossil fuel subsidies it can’t seem to quit
A man walks past a gasoline station in Tokyo on Thursday.
Corporate donations remain sticky point in political reform talks
Prime Minister Shigeru Ishiba addresses a meeting at the Liberal Democratic Party headquarters on Thursday to discuss political reform.
An iconic 32-foot doughnut might give Randy’s an edge in Japan
Randy's Donuts in Inglewood, California. Replicas of the giant doughnut sculpture will be installed, where possible, at shops in Japan.

Podcast

One of the many entrances to the Kabukicho neighborhood in Tokyo’s Shinjuku Ward.
Kabukicho: Tokyo’s ‘stadium of desire’

Longform

Totopa in Tokyo’s Shinjuku Ward was picked by consultants TTNE as the best sauna of the year.
Japan’s sauna movement: Relax, refresh, repeat
By Greg Dvorak

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