NHK -- Apr 14
The operator of the Uniqlo casual clothing chain says it has just passed an important milestone, the brand's overseas sales topped those at home in Japan for the first time for a fiscal half-year.
Fast Retailing is aggressively expanding overseas operations and the boss is pumped.
Fast Retailing CEO Tadashi Yanai said, "I'm feeling more excited than ever before in my life. Our clothes have achieved wide brand recognition around the world."
The chain's overseas sales jumped 29% to 4.7 billion dollars in the six months through February.
Domestic revenue came to 4.6 billion.
Thermal underwear and light down jackets sold well in China and South Korea.
Fast Retailing revised its outlook up. It now expects record sales and net profit for the whole year through August.
News source: NHK
Jul 21
The government is set to begin in earnest preparations for the launch of Japan's first legal casino as early as the mid-2020s, after a casino introduction bill was enacted Friday. (Jiji) Jul 20
Public prosecutors indicted Kobe Steel Ltd. <5406> on Thursday for violating the unfair competition prevention law, over the falsification of quality data on aluminum, copper and other products at its factories. (Jiji) Jul 20
China's biggest ride-hailing service, DiDi Chuxing announced that it has set up a joint venture with Japanese mobile carrier Softbank. DiDi Mobility Japan will provide taxi companies with a system that uses artificial intelligence to manage their fleets.
(NHK) Jul 19
Japanese footballer Keisuke Honda is swapping football for finance, after launching a venture capital fund with Hollywood star Will Smith to invest in startups addressing social problems, the striker's agent said Wednesday. (Japan Today) Jul 18
Japan's Mitsubishi Aircraft has debuted its long-delayed passenger jet at an airshow in Britain.
(NHK) Jul 14
A government panel gave the green light Friday for public broadcaster NHK to start simultaneous online streaming of its television programs amid surging popularity of streaming video services. (Japan Today) Jul 13
Japan's Fair Trade Commission has accused the Japanese unit of global tech-giant Apple of possibly violating the anti-monopoly law by forcing major mobile service providers to give discounts on their iPhones.
(NHK) Jul 12
Japan's National Personnel Authority will introduce stronger restrictions on overtime hours of national public servants to promote work style reform, informed sources have said. (Jiji) Jul 11
Japanese general contractors Obayashi Corp. and Shimizu Corp. admitted Tuesday their involvement in rigging bids for a high-speed magnetic levitation railway project. (Jiji) Jul 11
Yahoo Japan Corp. is blunting the impact of a large stock sale by a big shareholder, buying back about ¥221 billion ($2 billion) worth of its shares in a complicated deal with SoftBank Group Corp. (Japan Times)