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BUSINESS
Jan 29, 2005

Seibu urged to merge with spinoff, sell team

A Seibu group reform panel released an interim reform plan Friday urging Seibu Railway Co. to merge with a spinoff from Kokudo Corp., its core firm, absorb the Prince Hotels chain, and consider selling the Seibu Lions baseball team.
EDITORIALS
Jan 14, 2005

Deserts of an in-house inventor

The dispute involving the inventor of the blue light-emitting diode (LED) and his former employer has ended in a mediated settlement in which the Tokyo High Court has confirmed the in-house inventor's right to a fair reward. The high court heard the case between Mr. Shuji Nakamura, the inventor and now...
Japan Times
COMMUNITY / Issues / THE ZEIT GIST
Jan 4, 2005

Racism is bad business

The Community Page has commented at length on socially-sanctioned exclusionary practices in Japan. However, it has rarely touched upon their quantifiable, longer-term effects.
JAPAN
Dec 29, 2004

Daiei, Misawa to get IRCJ bailout

The Industrial Revitalization Corp. of Japan made it official Tuesday: It will support ailing retailer Daiei Inc. and Misawa Homes Holdings Inc. in what would be the biggest and probably the last case taken on by the bailout agency.
BUSINESS
Dec 28, 2004

Yoshinoya cooks up a 573 million yen profit

Yoshinoya D&C Co., which used to be the country's largest "gyudon" chain before U.S. beef was banned a year ago, said Monday it returned to profitability during the three months ended Nov. 30.
BUSINESS
Dec 21, 2004

Honda hopes to boost worldwide sales by 8%

Honda Motor Co. said Monday it hopes to boost its worldwide sales by 8 percent to 3.4 million vehicles in 2005 by fully remodeling the popular Civic series and introducing new models.
BUSINESS
Dec 18, 2004

Scandal-tainted Seibu Railway delisted from TSE

The Tokyo Stock Exchange on Friday delisted scandal-tainted Seibu Railway Co., whose falsification of financial statements made headlines recently.
JAPAN
Dec 3, 2004

Suzuki claims he got millions from firm via LDP -- all legit

Convicted former House of Representatives member Muneo Suzuki said Thursday he received millions of yen in the late 1990s from a major company that was diverted through the Liberal Democratic Party.
JAPAN / BY THE NUMBERS
Dec 3, 2004

1 yen entrepreneurial startup fee sound too easy?

Setting up companies in Japan is getting easier as the government tries to encourage more people to become entrepreneurs.
JAPAN
Dec 1, 2004

Deceitful automakers to face tougher screening

The transport ministry said Tuesday that it will amend an ordinance and toughen the screening of new vehicles manufactured by an automaker found to have engaged in dishonest recall practices.
BUSINESS
Nov 27, 2004

Recuperating Kanebo chalks up 358 billion yen net profit in first half

Kanebo Ltd., which is rehabilitating under the state-backed Industrial Revitalization Corp. of Japan, on Friday reported a group net profit of 358.11 billion yen for the first half of fiscal 2004.
BASEBALL / BASEBALL BULLET-IN
Nov 24, 2004

Lonely days in Fukuoka

The imminent sale of the Fukuoka Daiei Hawks baseball team to the Softbank Internet company may yield great results down the road but, right now, the elimination of the "Daiei" name seems to have cast an atmosphere of sabishisa (loneliness) over the city and the entire northern Kyushu area.
COMMUNITY / Issues / THE ZEIT GIST
Nov 23, 2004

Class action

What would you do if you were sacked for "clicking your pen too much in class," or for "talking to yourself during your break" . . . or how about for "only eating the topping on your rice during lunch?"
BUSINESS
Nov 20, 2004

Profit picture brightens for TV Asahi

TV Asahi Corp. said Friday its group net profit swelled 216.3 percent to 3.47 billion yen in the first half of fiscal 2004 from a year earlier.
EDITORIALS
Nov 9, 2004

Making money politics not pay

In yet another case of political corruption, former Lower House member Muneo Suzuki, who once held important posts in the Cabinet and the Liberal Democratic Party, has been sentenced to two years in prison by the Tokyo District Court for bribery and other offenses. Significantly, the court did not grant...
BUSINESS
Nov 2, 2004

Oki Electric sets up chip subsidiary in Shanghai

Oki Electric Industry Co. said Monday it has established a semiconductor marketing and design company in Shanghai to expand its business in China, with the aim of achieving a threefold increase in sales there by March 2007.
JAPAN / Media / MEDIA MIX
Oct 31, 2004

Daylight robbery -- and we accept it

Last February, the Tokyo municipal government adopted a policy to discourage key money reikin and lease renewal fees koshinryo in rental agreements. The policy is long overdue since key money and renewal fees are tenant-gouging practices sanctioned by nothing more than habit.
BUSINESS
Oct 29, 2004

Kanebo may hit execs who cooked books

Kanebo Ltd. might file a criminal complaint against its former management for allegedly window-dressing its financial statements for fiscal 2001 and 2002, President Akiyoshi Nakajima said Thursday.
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
Oct 7, 2004

METI considers hostile-takeover defenses

Fear over a swarm of hostile takeover attempts by foreign firms has prompted the government to examine whether Japanese companies can adopt U.S.-made defensive measures under the nation's legal framework.
BASEBALL / MLB
Oct 6, 2004

Kuehnert to head Rakuten team

Internet services company Rakuten on Tuesday introduced American Marty Kuehnert as the general manager of the company's new professional baseball club.
BUSINESS
Sep 29, 2004

Operating officer named Avex chief

Music label Avex Inc. said Tuesday operating officer Masato Matsuura, known as a key promoter of popular singer Ayumi Hamasaki, is now the company's new president.
BUSINESS
Sep 15, 2004

SMFG's bid for UFJ likely thwarted

An agreement struck Friday between UFJ Holdings Inc. and Mitsubishi Tokyo Financial Group Inc. has dealt another serious blow to Sumitomo Mitsui Financial Group Inc.'s chances of taking over UFJ.
BUSINESS
Sep 4, 2004

Insurance firms offer policyholders free consultations

Insurance companies have begun offering policyholders free consultations on the potential risks of suffering damages from burglaries, fires, traffic accidents and other incidents.
BUSINESS
Sep 4, 2004

Sojitz ups losses to 400 billion yen for 2004

Struggling trading house Sojitz Holdings Corp. will book losses of around 400 billion yen in the current fiscal year, up from the originally planned 250 billion yen, company sources said Friday.
COMMENTARY
Sep 1, 2004

Animal rightists or terrorists?

LONDON -- The threat of attacks by Islamic extremists is not the only terrorist threat to our society. Animal-rights extremists have been threatening firms that carry out experiments on animals. Animal rightists do not regard as justification for the research the fact that most initial tests are conducted...
Japan Times
BUSINESS
Aug 21, 2004

Secondhand personal computer market expanding

The secondhand personal computer market is rapidly expanding as sharp growth in demand for new PCs sends relatively new ones to the used market.

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