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Sep 28, 2011

First Boeing Dreamliner arrives in fortress Japan

TOKYO (Reuters) – All Nippon Airways’ first Boeing 787 Dreamliner touched down in Tokyo early on Wednesday with hundreds of aviation fans welcoming the carbon-composite plane that its American maker is fielding, albeit three years late, to keep rival Airbus out of its best market.

The U.S. aircraft giant has had to cede ground to its European foe nearly everywhere else, including at home. Airbus has outpaced it globally in deliveries for the past nine years and in orders since 2008. Airbus has even had some success selling its A380 super jumbo to new carriers in Japan.

Sep 26, 2011

Boeing says Japan could produce F-18 under license

TOKYO (Reuters) – U.S. planemaker Boeing (BA.N: Quote, Profile, Research, Stock Buzz) said local defense contractors might build F/A 18 Super Hornets under license if Japan chose to buy the next-generation fighter jet.

The comment came after the U.S. aerospace giant, along with Lockheed Martin (LMT.N: Quote, Profile, Research, Stock Buzz) and a consortium of European countries, submitted bids to produce Japan’s next mainstay combat aircraft in a deal that could be worth up to $8 billion.

Sep 22, 2011

Fear for jobs ignites “English crisis” in Japan

TOKYO, Sept 22 (Reuters) – It’s eight in the morning in a
Tokyo office building, and a dozen middle-aged Japanese
businessmen sit inside small booths, sweating as they try to
talk English to the instructors in front of them.

“I hope my wife will understand my hobby,” one 40-something
man says, opening his mouth widely around the English words.

Aug 18, 2011

Asahi buys NZ firm for $1.3 billion in pre-mixed drinks push

TOKYO (Reuters) – Asahi Group Holdings (2502.T: Quote, Profile, Research, Stock Buzz) is acquiring New Zealand beverage group Independent Liquor for $1.3 billion, giving the Japanese brewing giant a ready-to-drink cocktail maker to add to its stash of assets in the fast growing Oceania market.

Japanese brewers have been on an overseas spending spree, mainly in Asia and Oceania due to their proximity and growth prospects, as they look to make up for a contracting home market.

Aug 18, 2011

Asahi to buy Independent Liquor for $1.3 bln

TOKYO, Aug 18 (Reuters) – Asahi Group Holdings said
on Thursday that it will buy New Zealand beverage group
Independent Liquor for 97.6 billion yen ($1.27 billion), as the
Japanese brewer rushes to develop profit growth drivers outside
its shrinking home market.

Asahi said in a statement it will buy all shares outstanding
of Flavoured Beverages Group, the parent company of Independent
Liquor which is known for “Woodstock Bourbon” and “Vodka
Cruiser”, from private equity firms Unitas and Pacific Equity
Partners. It aims to complete the deal by September.

Jul 28, 2011

Mitsui Fudosan may raise outlook after condos rev up Q1

TOKYO, July 28 (Reuters) – Mitsui Fudosan Co ,
Japan’s biggest property developer, said it may raise its
full-year forecast after a recovery in apartment sales helped
boost quarterly profit by 20 percent.

Japan’s property market, struggling to regain strength after
the global financial crisis, was hit again by the March
earthquake as would-be homebuyers delayed purchases and
companies postponed expansion plans.

Jul 1, 2011

Japan’s Hoya to sell Pentax camera business to Ricoh

TOKYO (Reuters) – Japanese optical glass-maker Hoya said on Friday it would sell its Pentax camera business to copier and printer maker Ricoh, in a deal the Nikkei business daily said was worth about 10 billion yen ($124.2 million).

Battling falling prices for its compact cameras, Ricoh hopes to establish a presence in the profitable upmarket single-lens reflex camera segment, the Nikkei business daily said.

Jul 1, 2011

Ricoh set to buy Hoya’s Pentax camera business-sources

TOKYO, July 1 (Reuters) – Japanese copier and printer maker
Ricoh plans to buy optical glass-maker Hoya’s
Pentax camera business, three sources with knowledge of the deal
said on Friday.

The two companies may announce the agreement as soon as
Friday, two of the sources said.

Jun 22, 2011

Sekisui House set to lift outlook on post-quake demand

TOKYO (Reuters) – Sekisui House Ltd (1928.T: Quote, Profile, Research, Stock Buzz), Japan’s largest home builder, is likely to lift its annual profit forecast on robust demand for eco-friendly and quake-proof houses following the March earthquake and tsunami, the company’s chief executive said.

Reconstruction-related demand will help push the nation’s annual housing starts above 900,000 units, or 20 percent above pre-quake levels for the next few years, Chief Executive Isami Wada told the Reuters Rebuilding Japan Summit on Wednesday.

Jun 10, 2011

Toyota forecasts 35 percent profit slide after quake

TOKYO (Reuters) – Toyota Motor Corp forecast a larger-than-expected 35 percent fall in annual profit on Friday and warned that the strong yen was making it difficult to justify keeping production in Japan.

Toyota has struggled to restore output after a massive 9.0 earthquake in March rocked northeastern Japan and forced automakers to slash output. The ensuing nuclear disaster and power shortages have compounded their woes.

    • About Mariko

      "From Tokyo, Mariko covers daily news and deals involving Japanese real estate companies and airlines."
      Hometown:
      Tokyo
      Joined Reuters:
      2004
      Languages:
      Japanese and English
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