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Nippon Steel: July Fire To Cause 200,000-Ton Output Fall FY08

Friday, August 29, 2008Nippon Steel: July Fire To Cause 200,000-Ton Output Fall FY08TOKYO (Dow Jones)--Nippon Steel Corp. (5401) said Friday the steel plant fire late last month is expected to cause an output shortfall of 200,000 tons this fiscal year through March.

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Fujifilm Lowers FY08 Net Profit Forecast From Y110bn To Y80bn

Friday, August 29, 2008Fujifilm Lowers FY08 Net Profit Forecast From Y110bn To Y80bnTOKYO (Nikkei)--Fujifilm Holdings Corp. (4901) said Thursday that group net profit is likely to decline 23% to 80 billion yen for the year ending March 31, 2009, instead of rising 5% to 110 billion yen as earlier projected.

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Japan's Largest Private Equity Firm? The Mob

David Enke submits: There is an interesting article in the Time Online (London). Apparently, Japan's powerful yakuza organized crime syndicates are moving away from old-fashion crimes of drugs and prostitution and are increasingly launching an assault on Japan's financial markets. Studies estimate that there are already hundreds of listed companies that may have some mob connections. Using "front...

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U.S. Weather Remains Key Factor For Asian Grains Buyers

Wednesday, August 27, 2008U.S. Weather Remains Key Factor For Asian Grains BuyersSINGAPORE (Dow Jones)--The recent rally in global feed grain prices has few Asian buyers convinced it would last very long, but those who put off buying now may be caught off-guard if U.S weather turns a bullish factor in the market, analysts said Wednesday.

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Industrial Metal Prices Nose-Dive On Slowing Demand

Tuesday, August 26, 2008Industrial Metal Prices Nose-Dive On Slowing DemandTOKYO (Nikkei)--The prices of industrial-use metals, such as platinum and zinc, have been plunging amid weakening demand, especially in the car industry, which has been hit hard by flagging sales in North America.

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Operating Profit Down At 7 Of 12 Restaurant, Coffee Shop Firms

Operating Profit Down At 7 Of 12 Restaurant, Coffee Shop FirmsTOKYO (Nikkei)--Operating profit fell at seven of 12 major restaurant and coffee shop operators in their most recent earnings reports as the price of ingredients such as flour rose and consumers cut back on dining out.

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Autoparts Makers With Strong Presence In N America Struggling

Autoparts Makers With Strong Presence In N America StrugglingTOKYO (Nikkei)--Autoparts manufacturers with high percentages of North American sales saw their earnings sink for the April-June quarter, while those that sell more products in emerging markets logged solid gains.

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Battle For Indonesia Natural Gas Heats Among Asian Neighbors

Friday, August 22, 2008Battle For Indonesia Natural Gas Heats Among Asian NeighborsJAKARTA (Nikkei)--A race to acquire Indonesian natural gas or win the exploration rights for gas fields in the country is intensifying among companies in Asian countries, including those in Japan, China and South Korea.

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Analysts See FY08 Profit Upgrades At Convenience Store Firms

Friday, August 22, 2008Analysts See FY08 Profit Upgrades At Convenience Store FirmsTOKYO (Nikkei)--Expectations are spreading that major convenience store chains will lift their fiscal 2008 earnings projections as hot weather boosts demand for cold drinks and other items and the introduction of age-verification smart cards for cigarette vending machine purchases brings more customers to their shops....

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Cybozu's Interim Pretax Profit Seen Up 10% On Lower Costs

Wednesday, August 20, 2008Cybozu's Interim Pretax Profit Seen Up 10% On Lower CostsTOKYO (Nikkei)--Cybozu Inc. (4776) is now expected to report a 10% year-on-year gain in group pretax profit to nearly 500 million yen for the six months ended July 31, a turnaround from the 26% drop to 320 million yen previously forecast.

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JOGMEC To Subsidize Australian Oil, Gas Exploration

Monday, August 18, 2008JOGMEC To Subsidize Australian Oil, Gas ExplorationTOKYO (Dow Jones)--Japan Oil, Gas and Metals National Corp. said Monday it will invest about Y682 million in Australia-East Timor offshore oil and natural gas exploration work over the years through March 2014.

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Asian Fuel Oil Prices Tumble As Crude, Demand Drop

Friday, August 15, 2008Asian Fuel Oil Prices Tumble As Crude, Demand DropTOKYO (Nikkei)--Prices of fuel oil in Asia have fallen to their lowest levels in three months, reflecting declining crude oil prices and ebbing demand from China and other countries in the region.

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Chrysler's Rebadging Plan: Strategic Blunder for Nissan?

Markham Lee submits: Last week one of the more bigger stories coming out of Detroit were the discussions between Chrysler and Nissan around Chrysler potentially reselling rebadged versions of mid-sized cars designed and manufactured by Nissan. From the WSJ: Complete Story ยป

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Refund Provisions Nearly Wipe Out Takefuji's April-June Profit

Saturday, August 9, 2008Refund Provisions Nearly Wipe Out Takefuji's April-June ProfitTOKYO (Nikkei)--Major consumer lender Takefuji Corp. (8564) said Friday that group net profit fell 93% on the year to 1.3 billion yen for the three months ended June 30.

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McDonald's Japan 1H Profit Nearly Doubles On Solid Sales, Stock Gains

McDonald's Japan 1H Profit Nearly Doubles On Solid Sales, Stock GainsTOKYO (Dow Jones)--McDonald's Holdings Co. (Japan) (2702) said Thursday its net profit for the first half ended June 30 nearly doubled on year, due to solid sales and proceeds from the sale of stock holdings.