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November 24, 2024
 

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An attendee holds a cardboard cutout of Warren Buffett, chairman and chief executive officer of Berkshire Hathaway, inside the CHI Health Center during the Berkshire Hathaway annual shareholders meeting in Omaha, Nebraska, on Saturday.
BUSINESS
May 5, 2024

Buffett says Berkshire in good hands, lauds Apple despite lowering stake

The legendary investor paid tribute to his late business partner and said he expected the conglomerate’s $189 billion cash pile to keep growing.
JFE's net profit for the year ended March 31 came to ¥197.4 billion ($1.28 billion), just ahead of analysts' average forecast of ¥194.90 billion in an LSEG poll, thanks to higher steel margins.
BUSINESS / Companies
May 7, 2024

Japanese steelmaker JFE eyes overseas investments amid slower profit growth

The country's No. 2 steelmaker plans to ramp up overseas investments as part of a long-term drive to double profits.
Japan Post CEO Tetsuya Senda (right) and his Seino Transportation counterpart Satoshi Takahashi announce their companies' agreement on joint long-haul truck operations, in Tokyo on Thursday.
BUSINESS / Companies
May 10, 2024

Japan's logistics firms seek partnerships to cope with driver shortage

Japan Post and Seino Transportation have reached a basic agreement to work together on joint long-haul truck operations.
Attendees arrive for Microsoft's event on AI technologies in Jakarta on April 30.
BUSINESS / Tech / ANALYSIS
May 11, 2024

Tech giants start to treat Southeast Asia like the next big thing

After decades of playing second fiddle to China and Japan, the region of about 675 million people is drawing more tech investment than ever.
A slogan reads "Accelerate Industrial Transformation With AI" at the Microsoft booth at the Hannover Messe 2024 trade fair in Hannover, Germany, on April 22.
BUSINESS / Companies
May 16, 2024

Microsoft’s AI push imperils climate goal as carbon emissions jump

The company’s total planet-warming impact is about 30% higher today than it was in 2020.
Toyota President Koji Sato announces the company's earnings results in Tokyo on May 8.
BUSINESS / Companies
May 17, 2024

Japan firms brace for earnings slumps after marking record profits

Companies are concerned over the weak yen, global conflict and inflation hitting personal spending.
The rate of the U.S. dollar against the yen is displayed on an electronic stock board outside a securities firm in Tokyo earlier this month.
BUSINESS / Companies
May 17, 2024

Majority of Japanese firms say weak yen hurts profits: survey

About half of surveyed companies said a yen trading around ¥110 to ¥120 to the dollar would be appropriate.
Paper producers Hokuetsu and Daio Paper are forging a strategic business tie-up to survive.
BUSINESS / Companies
May 19, 2024

Hokuetsu and Daio Paper opt to forge tie-up

With shareholders skeptical, the former rivals must prove it will be a mutually beneficial partnership.
Sen. Ron Wyden of Oregon, the chairman of the Senate Finance Committee, speaks to reporters on Capitol Hill in Washington on May 1. Wyden has been investigating links between carmakers and forced labor in China.
BUSINESS
May 21, 2024

U.S. Senate probe finds forced labor ties in automakers' imports

The report said BMW, Jaguar Land Rover and Volkswagen had used components from a Chinese supplier banned in the U.S.
Nippon Steel's Kashima plant in Kamisu, Ibaraki Prefecture. The average wage hike in the steel industry stood at 12.04% this year, far exceeding last year's 2.77%.
BUSINESS / Companies
May 21, 2024

Major Japanese companies agree to raise pay by 5.58%

The result far exceeded last year's rise of 3.91%, or ¥13,110, and topped 4% for the first time since 1992.
Transmission towers in Vinh Trach Dong Commune, Bac Lieu Province, Vietnam, on April 26. Southeast Asia’s relatively low production cost and strong position in the global semiconductor value chain is adding to the region’s appeal as the next hub for data centers.
BUSINESS / Tech
May 28, 2024

AI frenzy draws stock traders to Southeast Asia’s likely winners

Power producers are becoming a favorite as more data centers are set up in the region, thanks to lower energy and land costs, according to analysts.
Hiroki Nakajima, Toyota's chief technology officer, speaks during a news conference in Tokyo on Tuesday.
BUSINESS / Companies
May 29, 2024

Toyota bets on alternate-fuel engines in an electric future

The carmaker said its making progress on developing smaller, more efficient engines that can work with EV manufacturing platforms.
Keidanren Chairman Masakazu Tokura speaks during an interview in Tokyo on May 23.
BUSINESS
May 31, 2024

Keidanren to propose policy on foreign workers

The association will draw up a medium-term vision of the economy and society called "Future Design 2040."
Passenger carriers will receive 19% fewer aircraft this year than expected because of production issues at Boeing and Airbus, according to AeroDynamic Advisory.
BUSINESS / Companies / ANALYSIS
Jun 1, 2024

Aircraft shortages turn into cash bonanza for some airlines

Sale-and-leaseback transactions have long been a way for airlines globally to generate liquidity and ease the strain on their balance sheets.
Nippon Steel's proposed acquisition of U.S. Steel would give it greater access to the profitable U.S. market and further its long-term financial goals.
BUSINESS / Companies
Jun 3, 2024

Nippon Steel's Mori hints at selling some assets to aid U.S. Steel deal

The firm's vice chairman plans to return to the United States this week for more talks over the proposed acquisition.
Officials of Japanese and Ukrainian companies meet in Kyiv on Thursday during an exchange event organized by the Japan External Trade Organization.
BUSINESS / Companies
Jun 7, 2024

Japanese firms eye opportunities to help Ukraine rebuild

The networking event was organized by government-linked JETRO following a Japan-Ukraine meeting held in Tokyo in February.
A Neon Genesis Evangelion statue on display at small worlds miniature museum in Odaiba.
BUSINESS
Jun 8, 2024

Gainax, known for 'Evangelion' anime production, goes bankrupt

Business conditions began to deteriorate around 2012, and the firm lost its anime production capabilities following an exodus of its creative staff.
Japan's economy contracted less than initially reported in the January-March period on upward revisions to capital spending and inventory data.
BUSINESS / Economy
Jun 10, 2024

Japan’s sputtering economy yet to show clear signs of recovery

The data showed both consumers and companies cutting back on spending and unsold supplies building up on warehouse shelves.
Traffic at the Dubai International Financial Centre. Last year, it opened the DIFC Family Wealth Center, a registry for family offices that also offers advisory services, workshops, mentoring, dispute resolution and certification based on how "structured” their governance is.
BUSINESS / Companies
Jun 10, 2024

Dubai takes on Abu Dhabi in race for supremacy in family offices

Last year, the number of registered foundations in Dubai rose by 53%. In rival Abu Dhabi, the number jumped by 35%.
The Securities and Exchange Surveillance Commission said Mitsubishi UFJ Financial Group repeatedly violated its clients’ confidentiality by breaking firewalls among its units.
BUSINESS / Companies
Jun 17, 2024

MUFG unit misses out on arranging flurry of bonds in wake of scandal

The Development Bank of Japan, the Japan International Cooperation Agency and NEC dropped MUMSS from arranging planned bond deals.
Nvidia made a big bet on graphics chips and the vision of its co-founder and Chief Executive Officer Jensen Huang that the industry would shift to what he calls "accelerated computing.” That bet paid off.
BUSINESS / Companies
Jun 19, 2024

Nvidia’s 591,078% rally to most valuable stock came in waves

First, it was video game consoles, and then came data centers, autonomous vehicles and cryptocurrency. Today, its chips are powering artificial intelligence.
Jimoto Holdings' general shareholders meeting in Sendai on Thursday
BUSINESS / Companies
Jun 20, 2024

Regional banking group Jimoto comes under effective state control

A net loss for the group was mainly due to the deterioration of business at Kirayaka Bank, a second-tier regional bank based in Yamagata Prefecture.
Nissan's Leaf electric vehicle, equipped with autonomous driving technology, during a test ride in the Yokohama Minato Mirai area in Yokohama in May
BUSINESS / Companies
Jun 21, 2024

Japan focuses on smart cars as automakers fall behind U.S. and China

While driving assistance technology and map navigation features are installed in Japanese cars, they lack more advanced features.
Adidas CEO Bjorn Gulden at Adi-Dassler-Sportplatz in Herzogenaurach, Germany, on June 10.
BUSINESS / Companies
Jun 25, 2024

Adidas CEO rides Samba craze to revive brand after Ye debacle

Adidas' stocks have more than doubled from when Bjorn Gulden was announced as the new boss 18 months ago.
Mizuho Financial Group is hiring more bankers to capitalize on its recent acquisition of Greenhill.
BUSINESS / Companies
Jun 25, 2024

Mizuho hiring bankers for U.S. expansion after Greenhill takeover

Mizuho Financial Group is hiring more bankers to capitalize on its recent acquisition of Greenhill.
Shareholders queue to enter a venue for SoftBank Group's annual general meeting in Tokyo's Koto Ward on Friday.
BUSINESS / Companies
Jun 26, 2024

Activist investing booms in Japan amid corporate governance reforms

International hedge funds and home-grown investors have turned the country into the world’s second-largest market for activists.
Cameras and lenses are displayed at Fujifilm Holdings headquarters in Tokyo on June 7.
BUSINESS / Companies
Jun 28, 2024

Fujifilm once struggled to sell cameras. Now, it can't keep up with demand.

Fujifilm is struggling to meet demand for the X100 camera, prized by young 20-something social media users for its looks and high-end functions.
Honda has already announced plans to buy back up to ¥300 billion of its shares during the current financial year, a move that could help absorb some of the impact from the sale.
BUSINESS / Companies
Jul 2, 2024

Major Japanese insurers to offload $3.1 billion of Honda shares, sources say

The sale of shares of a high-profile company is the latest sign that the unwinding of cross-shareholding is gaining pace in Japan.
Masahiko Kato, president and chief executive officer of Mizuho Bank
BUSINESS / Companies
Jul 3, 2024

Mizuho seeks to back more strategic deals by Japan’s mid-caps

Though companies such as automakers grab the attention of global investors, smaller firms dominate in terms of the number of companies in Japan.
The number of bankruptcies in Japan between January and June hit the highest level in a decade, up 22% from the same period last year.
BUSINESS / Companies
Jul 5, 2024

Japan's first-half bankruptcies reach highest mark in a decade, report shows

There were 4,887 bankruptcies between January and June, up 22% from the same period a year ago.
U.S. aircraft carrier returns to Japan carrying navy’s ‘most capable fighter’
U.S. 7th Fleet Commander Vice Adm. Fred Kacher speaks to reporters shortly after the arrival of aircraft carrier USS George Washington at Yokosuka naval base in Kanagawa Prefecture on Friday.
Japan approves ¥21.9 trillion stimulus plan
The policy chiefs of the Democratic Party for the People, Liberal Democratic Party and Komeito — Makoto Hamaguchi (left), Itsunori Onodera (center) and Mitsunari Okamoto — shake hands after reaching an agreement on an economic stimulus package on Wednesday.
Japan will spend ¥325 million in government funds on Princess Yuriko's funeral
Princess Yuriko waves during the New Year's public greeting at the Imperial Palace in Tokyo in January 2019.
MUFG fires worker over ¥2 billion theft from clients’ safe deposit boxes
Mitsubishi UFJ Financial Group is investigating the incident and consulting with the police.
China reinstates visa-free travel for Japanese nationals
Beijing Daxing International Airport
Shohei Ohtani wins National League MVP award
Shohei Ohtani celebrates after hitting a three-run home run against the Padres during the National League Division Series at Dodger Stadium in Los Angeles last month.
The slow-burn success of ‘A Samurai in Time’
A 19th-century warrior gets struck by lightning and wakes to find himself in 21st-century Kyoto in Junichi Yasuda’s surprise hit “A Samurai in Time.”
Around a quarter of Japan married couples in their 20s met through dating apps
A survey released by an organization promoting “Good Couples Day” shows that 24% of couples in their 20s met their marriage partner through a dating app.
'Tokyo Swindlers': Get deep into the minds of real estate con artists
In Ko Shinjo's "Tokyo Swindlers," a group of con artists manipulates real estate giants into falsified deals within the highly competitive, quick market.
Japan, U.K. and Italy discuss inviting more countries to joint fighter project
A new concept model of a next-generation fighter jet to be jointly developed by Japan, Britain and Italy is on display in Farnborough, Hampshire, in July.

Podcast

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

Longform

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

SUSTAINABLE JAPAN

mission sustainability vol.12 : Kose Corp.Kose takes pride in creating beauty in the world
mission sustainability vol.12 : Kose Corp.Kose takes pride in creating beauty in the world

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