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July 17, 2024
 

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MITSUI CO

Japan Times
BUSINESS / Companies
Nov 2, 2016
After Japanese merger, world's biggest shipping company hopes for more
A.P. Moller-Maersk A/S, owner of the world's largest container line, said mergers like the combination of its three main Japanese rivals provide relief to an ailing industry that has been characterized by over-capacity.
Japan Times
BUSINESS / Companies
Oct 31, 2016
Japan's top three shippers to merge container businesses into world's No. 6
Creating the new behemoth is aimed at surviving the shrinking global container industry.
JAPAN / Crime & Legal
Oct 12, 2016
Former SMBC banker arrested for allegedly stealing ¥190 million
A former senior employee of Sumitomo Mitsui Banking Corp. was arrested Wednesday for allegedly pocketing about ¥190 million ($1.84 million) by manipulating the bank's foreign exchange trading system, police said.
BUSINESS / Companies
Sep 6, 2016
Sumitomo 'liquidating Japan hedge fund' as clients pull out
Sumitomo Mitsui Trust Holdings Inc. is liquidating a Japan-focused hedge fund after investors withdrew money following poor performance, according to people familiar with the matter, adding to the list of casualties as the industry suffers its biggest outflows since 2009.
Japan Times
OLYMPICS
Aug 20, 2016
Japan nabs bronze in team synchro
Japan produced a solid performance Friday to swim off with the team synchronized swimming bronze at the Rio Games.
Japan Times
OLYMPICS
Aug 17, 2016
Japan's Inui, Mitsui win synchronized swimming duet bronze in Rio
Displaying poise, passion and precision, Japan's Yukiko Inui and Risako Mitsui captured the synchronized swimming duet bronze medal, while Russia underlined its dominance of the event with victory in the final at the Rio Olympics on Tuesday.
Japan Times
BASKETBALL / B. League
Aug 9, 2016
Alvark Tokyo transform operations for B. League's inaugural season
The team has changed its name from the Toyota Alvark to the Alvark Tokyo as Japan's men's pro basketball enters a new era with the launch of the B. League this fall.
BUSINESS / Companies
Aug 4, 2016
Energy rout fells Japan's venerated 'Big Three' trading giants
The energy price collapse is doing in Japan what the Great Depression and two world wars couldn't: put an end to a century of dominance by its three most prestigious companies.
Japan Times
BUSINESS / Companies
Aug 2, 2016
Clouds lifting for Japan's banks as negative rates stay put
The Bank of Japan's decision not to drag interest rates further below zero provides relief for the nation's banks after shrinking lending profits crimped first-quarter earnings.
BUSINESS / Companies
Jun 15, 2016
SMBC to launch rice farming business in a first for Japanese bank
Sumitomo Mitsui Banking Corp. will this fall launch a company to farm rice, officials said Wednesday. It will be Japan's first major bank to enter the agricultural sector.
Japan Times
BUSINESS
Jun 9, 2016
Japanese banks enter ranks of world's biggest energy lenders
Japanese banks, known for the risk-aversion that spared them the worst of the credit crisis, have quietly grown into some of the world's largest energy lenders.
Japan Times
BUSINESS
Jun 7, 2016
Japan's trading houses trying to beat U.S. to Cuba
Japan's largest trading houses are positioning themselves in Cuba before any easing of U.S. sanctions, seeking opportunities in infrastructure, resources and automobiles as Havana emerges from near-isolation.
BUSINESS / Companies
May 30, 2016
Mitsui to deliver Colombia's first LNG shipment
Mitsui & Co. has been chosen to deliver Colombia's first cargo of liquefied natural gas later this year as the country prepares to place a floating import terminal into service, according to the terminal's developer.
Japan Times
BUSINESS / Companies
Apr 18, 2016
Sumitomo Mitsui hires banking veteran Gelber to lead U.S. push
Sumitomo Mitsui Financial Group Inc. has formed an investment-banking group in the United States, part of a push to expand its mergers advisory business even as competitors from Nomura Holdings Inc. to Goldman Sachs Group Inc. move to curtail costs.
BUSINESS
Apr 1, 2016
Japanese banks see 'difficult' year ahead with negative rates
Negative interest rates will make next year a difficult one for Japanese lenders, and the central bank should examine the impact of the policy before pushing them further below zero, the new head of the country's banking lobby said.
BUSINESS / Companies
Mar 25, 2016
Thanks to negative rate, Japanese borrower can buy Dom Perignon after debt sale
By selling commercial paper at negative interest rates, a Japanese leasing company will get paid enough money to buy a bottle of Dom Perignon Rose Vintage 2004 if it wants.
Japan Times
BUSINESS / Companies
Mar 25, 2016
Commodity rout cuts ¥970 billion from Japan's major trading houses
The nation's biggest trading companies, stalwarts of the economy, expect to book combined writedowns of at least ¥970 billion ($8.6 billion) as ill-timed investments in commodities ranging from shale gas to copper mines erode profitability.
BUSINESS / Companies
Mar 24, 2016
Trading giant Mitsubishi projects first net loss since founding
Mitsubishi Corp., the nation's largest trading house, expects a net loss of ¥150 billion in fiscal 2015 — its first loss since it was established in 1954 and a setback from the ¥400.5 billion in net income logged the previous year.
BUSINESS
Feb 25, 2016
Mizuho union follows rivals in seeking no pay hike
The labor union of Mizuho Financial Group Inc. decided Wednesday not to request a pay-scale hike at this year's wage talks, given that the banking group has taken a battering from the central bank's negative interest policy, sources said.
BUSINESS / Companies
Feb 4, 2016
Mitsui slashes profit forecast 21% amid rout in commodities
Mitsui & Co., the nation's second-biggest trading house, has lowered its full-year forecast 21 percent amid a collapse in commodity prices.
Who needs AI when you have Hatsune Miku?
Over the first six months of 2024, a handful of songs using Vocaloid singer Hatsune Miku’s voice have enjoyed widespread attention, underlining a global interest in the character and the technology she represents.
Yen’s woes seem too big for even a BOJ hike this month to solve
The Bank of Japan headquarters in Tokyo
China’s economic growth comes in worse than expected
Pedestrians in the Wangfujing shopping area in Beijing on July 11, 2024. China's economic growth in the second quarter was lower than forecast, adding pressure on Chinese leaders to lift confidence at the Chinese Communist Party's third plenum this week.
Kansai airports to increase takeoff and landing slots ahead of Osaka Expo
Kansai International Airport in Izumisano, Osaka Prefecture. The upper limit on the number of takeoff and landing slots at the airport as well as Kobe Airport in Hyogo Prefecture will be raised in spring next year ahead of the 2025 World Exposition in Osaka.
Shooter came within inches of killing Trump, but left few clues as to why
An aerial view shows the stage where Republican presidential candidate and former U.S. President Donald Trump had been standing during an assassination attempt the day before, and the roof of a nearby building where a gunman was shot dead by law enforcement, in Butler, Pennsylvania, on Sunday.
The neurological disorder that 'kills culture'
Akiko Trush says her experience with the neurological disorder dystonia left her feeling like she wanted to chop her own hand off.
How to beat Japan’s summer heat in ways better for the planet
Tenugui towels hang up to dry at a dyeing company in Sakai, Osaka Prefecture, on May 8. The durable and versatile tenugui, which many people have in their homes, can be used in many ways to cool one’s body.
After Trump shooting, U.S. presidential race might take a violent turn
United States Secret Service Counter Snipers stand guard on a rooftop during a campaign rally for U.S. President Donald Trump in Avoca, Pennsylvania, in 2020.
No AC this summer? No problem (for me).
Think air conditioning is a requirement for a Tokyo summer? Think again.
She’s paying ¥1 million to help behind the scenes at the Paris Olympics
Mai Tarumi, who previously volunteered at the postponed Tokyo Olympics in 2021, has a travel budget of ¥1 million for her trip to volunteer at the Paris Games.

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Longform

Akiko Trush says her experience with the neurological disorder dystonia left her feeling like she wanted to chop her own hand off.
The neurological disorder that 'kills culture'
By Tomoko Otake

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