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Feb 22, 2011

Airbus aims to win 20 pct of Japan plane orders

TOKYO (Reuters) – Airbus (EAD.PA: Quote, Profile, Research, Stock Buzz) aims to win more than 20 percent of orders for commercial planes in Japan from this year, as it ramps up sales efforts to challenge Boeing’s (BA.N: Quote, Profile, Research, Stock Buzz) dominance of the country’s passenger jet market, a company official said.

The world’s No.1 passenger aircraft maker, which didn’t make any sales in Japan in 2010, has scored two big deals in the nation in the past six months, signing a sales contract for four A380 superjumbo aircraft with Skymark Airlines (9204.T: Quote, Profile, Research, Stock Buzz) and a leasing agreement with A&F Aviation.

Feb 10, 2011

ANA budget carrier aims for profit in 3 yrs

TOKYO, Feb 10 (Reuters) – A&F Aviation Co, a low cost
Japanese carrier set up with investment from All Nippon Airways
(9202.T: Quote, Profile, Research, Stock Buzz) and a Hong Kong investor, aims to be profitable in three
years and to more than triple its fleet within five years, its
CEO said on Thursday.

Budget airlines have been on the increase throughout the
world, though Japan has always been a difficult market due to
higher labour costs, limited slot availability at key airports
and high landing fees.

Feb 4, 2011

Japan developers’ Q3 profits jump on apartment sales

TOKYO, Feb 4 (Reuters) – Japanese property developers
Mitsubishi Estate Co (8802.T: Quote, Profile, Research) and Mitsui Fudosan (8801.T: Quote, Profile, Research) said
quarterly operating profit jumped more than 30 percent after they
ran down inventories of unsold apartments by marking down prices.

The return of home-seekers to the market is a welcome sign
that the sector is beginning to turn the corner after commercial
and residential property prices slid during the global financial
crisis.

Dec 25, 2010

Toshiba overhauls chip operations with Samsung, Sony deals

TOKYO/SEOUL (Reuters) – Toshiba Corp will overhaul its chip operations, outsourcing output of some system chips to Samsung Electronics and selling a production line to Sony Corp, as it reduces its non-memory chip exposure.

Toshiba, the world’s No.3 chipmaker behind Intel Corp and South Korea’s Samsung, is restructuring its chipmaking operations after the business logged an operating loss of 280 billion yen ($3.4 billion) in fiscal 2008 amid the global financial crisis.

Dec 24, 2010

Toshiba overhauls chip ops with Samsung, Sony deals

TOKYO/SEOUL, Dec 24 (Reuters) – Toshiba Corp (6502.T: Quote, Profile, Research, Stock Buzz) will
overhaul its chip operations, outsourcing output of some system
chips to Samsung Electronics (005930.KS: Quote, Profile, Research, Stock Buzz) and selling a production
line to Sony Corp (6758.T: Quote, Profile, Research, Stock Buzz), as it reduces its non-memory chip
exposure.

Toshiba, the world’s No.3 chipmaker behind Intel Corp
(INTC.O: Quote, Profile, Research, Stock Buzz) and South Korea’s Samsung, is restructuring its
chipmaking operations after the business logged an operating loss
of 280 billion yen ($3.4 billion) in fiscal 2008 amid the global
financial crisis.

Dec 14, 2010

‘Straight as an arrow’ Higuchi takes Otsuka global

TOKYO, Dec 14 (Reuters) – Back in university, Tatsuo
Higuchi never imagined Otsuka Holdings would become a
major global player. Now, the CEO of the Japanese
pharmaceutical and food group is overseeing the drug sector’s
largest-ever IPO.

A $2.4 billion initial public offering, global expansion,
looming patent expirations on key products. These would be
challenges for any corporate leader. Yet Higuchi’s career
across a broad swathe of company businesses has prepared him
well for the job, say those who know him.

Nov 5, 2010

BOJ scheme to spur shake-up in Japan REIT market

TOKYO, Nov 5 (Reuters) – A Bank of Japan asset buying scheme
is set to spur more M&A in the nation’s shrinking $37 billion
real estate investment trust (REIT) market, encouraging stronger
funds to restructure their asset portfolios and weaker ones to
exit altogether.

Along with keeping benchmark interest rates at virtually
zero, the central bank will buy a broad range of assets to tackle
deflation by helping to reduce risk premiums and encourage
private investment.

Nov 4, 2010

Promise’s Jul-Sep profit falls on payback claims

TOKYO, Nov 4 (Reuters) – Japanese consumer lender Promise Co
(8574.T: Quote, Profile, Research, Stock Buzz) booked an 11 percent drop in July-September net profit,
hit by the cost of repaying overcharged interest to borrowers,
and declined to give a full-year forecast due to an uncertain
business environment.

Japan’s consumer lenders are struggling for survival after a
regulatory crackdown from 2006 that cut the maximum interest rate
they can charge and a court ruling paved the way for borrowers to
seek reimbursement of past interest above the new limits.

Oct 19, 2010

Japan’s Promise, Acom fall on claim payment worries

TOKYO, Oct 19 (Reuters) – Shares of Japanese consumer finance
firms Promise Co (8574.T: Quote, Profile, Research, Stock Buzz) and Acom Co (8572.T: Quote, Profile, Research, Stock Buzz) fell sharply on
Tuesday, extending steep recent declines as worries mounted that
they would face rising claims to pay back overcharged interest.

“Market players are seeing a risk that those companies will
face increasing pressure from borrowers to repay excess interest
charges. Takefuji’s bankruptcy has triggered such concerns,” said
Moody’s analyst Naoki Morimura.

Oct 6, 2010

Japan property shares jump on BOJ plan

TOKYO, Oct 6 (Reuters) – Mitsubishi Estate (8802.T: Quote, Profile, Research) and other
Japanese property stocks jumped on Wednesday as investors bet the
central bank’s surprise plan to buy assets including real estate
investment trusts would help spur on the industry’s recovery.

Further consolidation in the country’s 3 trillion yen ($36
billion) REIT market is also expected if the Bank of Japan pours
money into selective REITs with financial stability.

    • 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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