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December 22, 2024
 

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ITOCHU

Seven & I Holdings on Wednesday said that it has received a nonbinding offer for the company from Junro Ito, a vice president and representative director of the company, and Ito Kogyo, a company connected to him.
BUSINESS / Companies
Nov 13, 2024
Seven & I considers massive management buyout offer
The offer brings together a member of the company’s founding family, a giant trading company and some of Japan’s largest banks.
A FamilyMart convenience store in Tokyo. Around-the-corner stores iconic to Japan help the trading houses to monetize on their food and apparel businesses.
BUSINESS / Companies
Nov 6, 2024
Food and FamilyMart drive Itochu's half-year profit up 6%
Itochu kept its net profit forecast for the year unchanged at ¥880 billion, of which 24% is projected from food, textiles and the division where FamilyMart belongs.
Itochu is buying back ¥150 billion worth of its own shares.
BUSINESS / Companies
Aug 6, 2024
Itochu to buy back shares and take full control of apparel and chemicals units
The deals are part of a trend of dissolving dual listings of parent and subsidiary companies to enhance corporate governance and improve operational efficiency.
A hydrogen storage tank with an under-construction green hydrogen compressor at a liquid fuels facility in Sasolburg, South Africa.
BUSINESS / Companies
Jun 13, 2024
South Africa’s biggest green-hydrogen project woos Japanese investors
If approved, the plant will use 3,700 megawatts of renewable power generation capacity to split water to produce 1 million tons of hydrogen a year.
A Bigmotor outlet in Tama, Tokyo, in September
BUSINESS / Companies
Mar 6, 2024
Itochu announces turnaround support for Bigmotor
Itochu is considering investing ¥20 billion in a new company to take over Bigmotor's key assets.
Warren Buffett
BUSINESS
Feb 25, 2024
Buffett ups his holdings of Japanese trading houses to about 9%
Berkshire first announced its stakes in the trading houses in 2020 with the intention of holding them long-term and increasing them to as much as 9.9%.
Warren Buffett's Berkshire Hathaway is one of the largest shareholders in all five of Japan's biggest trading companies.
BUSINESS / Companies
Jan 30, 2024
Buffett reversal risk pushes Japan firms to diversify investors
Berkshire is one of the largest shareholders in all five of Japan’s biggest trading companies.
Japan Times
BUSINESS / Companies
May 2, 2023
The inside story of Buffett’s big Japan bet, over glasses of Coke at Four Seasons
The billionaire investor's visit is seen as an important vote of confidence in Japan’s big five traders as they pivot away from fossil fuels.
BUSINESS
Apr 3, 2023
Japan firms roll back COVID measures for new recruit welcome events
Businesses are gradually returning to normal after the government revised mask-wearing guidance last month, leaving it up to individuals to decide whether or not to wear masks.
Japan Times
BUSINESS / Companies
Dec 27, 2022
Japan firms agree on long-term LNG deals with U.S. and Oman in fossil fuel reversal
The agreements, driven by high prices, mark a shift for importers that had been moving away from such deals, expecting a transition to cleaner energy sources to reduce gas demand.
Japan Times
BUSINESS / Companies
May 31, 2022
Smart ring that acts as wallet and key gets backing from big Japanese firms
Made out of zirconia, the finger-worn gadget lets people do things such as lock and unlock doors, as well as pay for drinks in stores.
Japan Times
JAPAN
May 9, 2022
Japan to phase out Russian oil use but remain in Sakhalin energy projects
The ban 'in principle' on Russian oil imports is expected to come in stages, and is expected to have limited effect on Japan's supplies.
Japan Times
BUSINESS
Jan 14, 2022
Hitachi to sell half of stake in construction machinery unit
The company currently owns about 51% of the unit. Of the total, 26% will be sold to a joint venture between trading house Itochu Corp. and investment fund Japan Industrial Partners Inc.
Japan Times
BUSINESS
Aug 31, 2021
Warren Buffett has made $2 billion so far with bet on Japan's trading houses
The gain of more than 30% across the five firms has outpaced the benchmark Topix index's 21% rise, without accounting for dividend income.
Japan Times
BUSINESS / Companies
Aug 19, 2021
UAE sells another blue ammonia shipment to Japan in push toward hydrogen
Seen as crucial to the future of global energy, blue ammonia is made from hydrogen and emits only water vapor when burned.
Japan Times
BUSINESS / Companies
Nov 5, 2020
CMC’s sale of Fancl’s Asian business draws interest from firms
Marketed as being free from preservatives and other chemicals, Fancl's skincare products and nutritional supplements are popular among consumers in Asia.
Nippon Steel alleges undue White House influence on doomed deal review
U.S. President Joe Biden delivers remarks on the economy at the Brookings Institution in Washington on Dec. 10.
Record 78% of people in Japan feel anxious, government survey finds
The public opinion survey on people's lives, conducted by the Cabinet Office, found that 28.1% of respondents think that their standard of living is at a lower-middle level among the general public — the highest percentage to give that response in 35 years.
Police raided suspect's home to arrest him after fatal Kitakyushu stabbing
Broken window glass is seen at Masanori Hirabaru's house in Kitakyushu's Kokuraminami Ward.
Taiwan lawmakers brawl over bills that would 'damage democracy'
Lawmakers from the Democratic Progressive Party and opposition party Kuomintang brawl in parliament in Taipei on Friday.
Mother hopes for reunion with daughter ensnared by Tokyo host clubs
The Kabukicho district in Tokyo, where the daughter of a woman in her 60s fell deeply into the host club culture.
Casual workouts, cool living, ‘complete’ food: Japan’s health trends of 2024
In 2024, efficiency trumped effort among Japan's fitness-focused aspirants.
Japanese officials inspect Yokota Air Base over PFAS concerns
The Yokota Air Base in western Tokyo in September 2019. An inspection of the base by Japanese government officials on Friday came amid public pressure to investigate suspected links between the use of PFAS-containing firefighting foam by the U.S. base and contamination of soil and groundwater in western Tokyo.
Crime numbers rise in Japan for second straight year
A police officer stands in front of the residence of a man alleged to have stabbed two junior high school students in Kitakyushu.
A year of Oscar wins and a quiet push for diversity
Ryusuke Hamaguchi’s “Evil Does Not Exist,” released in Japanese theaters in April, sharply dramatizes the clash between rural and urban values. The film won five awards at the 2023 Venice Film Festival, including the second-place Silver Lion prize.
Curiosity didn’t kill the meme: Why cats still rule Japanese YouTube
A screen shot from YouTube user @lagelda shows the simplicity of going viral in Japan in 2024: A cat dancing to EDM in front of a green screen.

Podcast

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

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