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BUSINESS
Jun 13, 2003

Nissan to raise auto output in China fourfold

Nissan Motor Co. said Thursday it will increase its annual production capacity of cars in China to as much as 270,000 units in 2004, up from 60,000 at present.
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.
EDITORIALS
Jun 6, 2003

What can revive insurance firms?

Deflation in Japan is taking its toll on life insurance companies. Since they make profits by investing policyholders' premiums and bank-supplied funds in stocks, bonds, real estate and other assets, they are more susceptible to falling asset prices and near-zero interest rates than companies in other...
JAPAN
Jun 3, 2003

From language to food, things Korean seen finding favor in World Cup wake

A year after the historic cohosting by Japan and South Korea of the 2002 World Cup finals, Japan's embracing of things Korean appears to have gone beyond being simply a one-time fad.
JAPAN
Jun 3, 2003

From language to food, things Korean seen finding favor in World Cup wake

A year after the historic cohosting by Japan and South Korea of the 2002 World Cup finals, Japan's embracing of things Korean appears to have gone beyond being simply a one-time fad.
BUSINESS
May 29, 2003

Domestic vehicle production falls again

Domestic production of cars, trucks and buses fell 0.4 percent in April from the same month last year to 774,261 units, down for the second straight month, due to sluggish domestic car sales, the Japan Automobile Manufacturers Association said Wednesday.
BUSINESS
May 28, 2003

Coalition task force approves bill to bolster stock-purchasing body

A coalition task force scrutinizing financial policies on Tuesday approved a legal amendment aimed at reinforcing the functions of a stock-purchasing body, lawmakers said.
BUSINESS
May 28, 2003

Citizen Watch recovers to post profit

Citizen Watch Co. reported Tuesday a group net profit of 5.82 billion yen for the year that ended March 31, a turnaround from a loss of 12.61 billion yen the previous year.
BUSINESS
May 27, 2003

Kumagai Gumi falls deep into red

Ailing construction firm Kumagai Gumi Co. fell into the red in fiscal 2002. The general contractor blamed poor sales and massive extraordinary losses, including appraisal losses on its fixed assets.
BUSINESS
May 24, 2003

Hazama logs net loss of 122 billion yen

Ailing contractor Hazama Corp. said Friday its group net loss swelled to 122.6 billion yen in fiscal 2002, due to valuation losses on its asset holdings, including stocks. The firm posted a group net loss of 1.66 billion yen in fiscal 2001.
BUSINESS
May 24, 2003

Scandal-hit Snow posted major loss in fiscal 2002

Snow Brand Milk Products Co. continued to struggle in fiscal 2002, suffering a group net loss of 27.1 billion yen for the year that ended in March, the scandal-tainted dairy said Friday.
BUSINESS
May 23, 2003

JFE's profit better than expected

JFE Holdings Inc., created last September by the integration of NKK Corp. and Kawasaki Steel Corp., has reported a group net profit of 15.95 billion yen for the year through March 31.
EDITORIALS
May 20, 2003

On the brink of another recession

Japan's economy appears on the brink of yet another recession -- the fourth in a decade. The nation's gross domestic product -- the total value of goods and services produced at home -- remained flat in real terms, not including price effects, in the first three months of the year, according to data...
BUSINESS
May 16, 2003

Corporate bankruptcies slide for fourth month

Corporate bankruptcies fell 7.7 percent in April from a year earlier to 1,514, down for the fourth consecutive month, Teikoku Databank Ltd. said Thursday.
BUSINESS
May 15, 2003

MHI saw profit rise 30% in 2002

Mitsubishi Heavy Industries Ltd. said Wednesday that its group net profit jumped 29.8 percent in fiscal 2002 to 34.33 billion yen.
BUSINESS
May 14, 2003

Nichirei sees net profit rise 28.4%

Nichirei Corp. said Tuesday its group net profit in fiscal 2002 rose 28.4 percent from the previous year, thanks to the strong performance of its processed food and food wholesale divisions.
BUSINESS
May 14, 2003

JR East posts increases in revenue, profit

East Japan Railway Co. reported Tuesday an increase in revenue and consolidated profit in fiscal 2002, despite seeing a 3 billion yen decline in its core transport business due to the sluggish business environment, officials said.
BUSINESS
May 13, 2003

Nikon 2002 figures deeper in red

Nikon Corp. said Monday it fell deeper into the red with a consolidated net loss of 8.14 billion yen in fiscal 2002, against a loss of 6 billion yen the previous year.
BUSINESS
May 10, 2003

Sorting out the recent fuss over pension funds, share prices

Thought Tokyo stock prices could fall no further? Think again. Corporate pension managers are poised to sell between 2 trillion yen and 3 trillion yen worth of stocks in the coming months -- and think tanks estimate that figure could double.
BUSINESS
May 10, 2003

Nippon Steel posts 51.7 billion yen loss

Nippon Steel Corp.'s group net loss widened to 51.69 billion yen in the 2002 business year, up from 28.40 billion yen the previous year, due to restructuring-related losses and appraisal losses on land and stockholdings.
BUSINESS
May 9, 2003

Kokuyo swings back into black

Office supplies maker Kokuyo Co. said Thursday it swung back into the black in fiscal 2002, posting a group net profit of 231 million yen against a loss of 1.42 billion yen the previous year.
Japan Times
BUSINESS
May 3, 2003

Minivehicle, truck makers hope to cash in on hybrid market

With the success of the Toyota Prius, a gasoline-electric hybrid compact that debuted in 1997, such models have become a major focus of an automotive industry eager to clear tougher environmental regulations and improve its image.
BUSINESS
May 2, 2003

Namco sets deadline for Sega answer on merger

Video game maker Namco Ltd. said Thursday that rival Sega Corp. has until May 9 to make a decision on a merger proposal submitted by Namco.
Japan Times
BUSINESS
Apr 25, 2003

Travel agencies open theme branches to lick SARS, Iraq war

Amid the sharp decline in the number of Japanese taking overseas trips, travel agencies are opening novelty branches to lure customers.
BUSINESS
Apr 23, 2003

Seibu to dismiss 250 employees at four outlets due for closure

Seibu Department Stores Ltd. will dismiss about 250 full-time employees at four outlets to be closed later this year in line with the firm's restructuring drive, company sources said Tuesday.
BUSINESS
Apr 22, 2003

Hoya logs record-high pretax profit

Optical glass and eyeglass maker Hoya Corp. said Monday its group pretax profit for the 2002 business year, which ended March 31, rose 11.1 percent from the previous year to a record 50.87 billion yen.
Japan Times
BUSINESS
Apr 18, 2003

Suzuki prepares a 'mini' blitz

Suzuki Motor Corp., Japan's top minivehicle maker three decades running, is preparing an assault on the global market with a new line of compact cars, according to company President Hiroshi Tsuda.

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