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JAL President Ueki at press conference

TOKYO, Japan - Japan Airlines Co.'s new President Yoshiharu Ueki gives a press conference at the airline's head office in Tokyo on Feb. 15, 2012. JAL, currently undergoing rehabilitation after filing for bankruptcy in 2010, said it aims to raise its operating profit to 140 billion yen in fiscal 2013 in a five-year management plan announced the same day.

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Sony to fall into red for 3rd year

TOKYO, Japan - Sony Corp. Chief Financial Officer Masaru Kato attends a news conference in Tokyo on May 23, 2011, to announce that the company expects to fall into the red in fiscal 2010 for the third straight year with a group net loss of 260 billion yen due mainly to the effects of the March 11 earthquake and tsunami.

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Toyota 2010 earnings briefing

TOKYO, Japan - Toyota Motor Corp. President Akio Toyoda speaks during a press conference on the company's earnings report for the fiscal year 2010 ending March 31, on May 11, 2011, in Tokyo. The company's net profit rose twofold from the previous year but fell short of its projection due to the effects of the March 11 earthquake and tsunami in Japan.

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Toyota 2010 earnings briefing

TOKYO, Japan - Toyota Motor Corp. President Akio Toyoda looks pensive during a press conference on the company's earnings report for the fiscal year 2010 ending March 31, on May 11, 2011, in Tokyo. The company's net profit rose twofold from the previous year but fell short of its projection due to the effects of the March 11 earthquake and tsunami in Japan.

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Toyota 2010 earnings briefing

TOKYO, Japan - Toyota Motor Corp. President Akio Toyoda speaks during a press conference on the company's earnings report for the fiscal year 2010 ending March 31, on May 11, 2011, in Tokyo. The company's net profit rose twofold from the previous year but fell short of its projection due to the effects of the March 11 earthquake and tsunami in Japan.

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Hokkaido shinkansen preparations

HAKODATE, Japan - Workers renew power supply lines in the Omonai Tunnel in Shiriuchi, Hokkaido, on Nov. 9, 2010, in preparation for the extension of the shinkansen bullet train to the northernmost Japan prefecture planned for the fiscal year through March 2016.

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Hokkaido shinkansen preparations

HAKODATE, Japan - Workers renew power supply lines in the Omonai Tunnel in Shiriuchi, Hokkaido, on Nov. 9, 2010, in preparation for the extension of the shinkansen bullet train to the northernmost Japan prefecture planned for the fiscal year through March 2016.

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Hokkaido shinkansen preparations

HAKODATE, Japan - Workers renew power supply lines in the Omonai Tunnel in Shiriuchi, Hokkaido, on Nov. 9, 2010, in preparation for the extension of the shinkansen bullet train to the northernmost Japan prefecture planned for the fiscal year through March 2016.

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Ex-Tokyo Gov. Shunichi Suzuki dies at 99

TOKYO, Japan - Former Tokyo Gov. Shunichi Suzuki (file photo taken in February, 1983), known for moving the metropolitan government office to the Shinjuku district after establishing the basis for local autonomy when he was a bureaucrat, died on May 14, 2010. He was 99. Suzuki served four four-year terms as governor of the capital from 1979, during which he restored the city's fiscal health and moved the government building to Shinjuku Ward from Yurakucho in Tokyo's Chiyoda Ward in March 1991.

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Sony returns to black

TOKYO, Japan - Nobuyuki Oneda, chief financial officer of Sony Corp., speaks during a press conference at the Tokyo Stock Exchange on May 13, 2010. The electronics giant returned to the black in fiscal 2009 on an operating level after a year of loss.

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Sony returns to black

TOKYO, Japan - Nobuyuki Oneda (C), chief financial officer of Sony Corp., speaks during a press conference at the Tokyo Stock Exchange on May 13, 2010. The electronics giant returned to the black in fiscal 2009 on an operating level after a year of loss.

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Toyota announces FY 2009 earnings report

TOKYO, Japan - Toyota Motor Corp. President Akio Toyoda briefs reporters on the company's earnings report for the fiscal year ending March at the automaker's Tokyo office on May 11, 2010. The company returned to the black at the operating level, even as it continues to deal with the fallout from its massive global recalls.

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Toyota announces FY 2009 earnings report

TOKYO, Japan - Toyota Motor Corp. President Akio Toyoda briefs reporters on the company's earnings report for the fiscal year ending March at the automaker's Tokyo office on May 11, 2010. The company returned to the black at the operating level, even as it continues to deal with the fallout from its massive global recalls.

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Aeon records group net profit for FY 2009

TOKYO, Japan - Motoya Okada, president of Aeon Co., speaks about the company's earnings report for the business year ended in February at a news conference in Tokyo on April 14, 2010. Aeon reported a group net profit of 31.12 billion yen, its first black ink in two years, but consolidated sales dropped 3.4 percent, marking the first decline since Aeon began making public its consolidated business results in fiscal 1983.

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Aeon records group net profit for FY 2009

TOKYO, Japan - Motoya Okada, president of Aeon Co., speaks about the company's earnings report for the business year ended in February at a news conference in Tokyo on April 14, 2010. Aeon reported a group net profit of 31.12 billion yen, its first black ink in two years, but consolidated sales dropped 3.4 percent, marking the first decline since Aeon began making public its consolidated business results in fiscal 1983.

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NEC to invest 15 bil. yen on cloud computing services by FY 2012

TOKYO, Japan - Nobuhiro Endo, senior vice president of NEC Corp., speaks during a recent interview with Kyodo News in Tokyo. Endo, 56, who will be appointed company president on April 1, 2010, said NEC will invest around 15 billion yen to enhance data centers for cloud computing over a three-year period as it embarks on an ambitious goal for a tenfold increase in net profit by fiscal 2012.

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FY 2010 budget clears Diet

TOKYO, Japan - Japanese Prime Minister Yukio Hatoyama (R) and Finance Minister Naoto Kan chat during a House of Councillors plenary session March 24, 2010, before the upper chamber approved a fiscal 2010 budget. The record 92.3 trillion yen budget for the year starting April 1 cleared parliament the same day.

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FY 2010 budget clears Diet

TOKYO, Japan - Japanese Prime Minister Yukio Hatoyama (C) and his Cabinet members bow after the House of Councillors Budget Committee approved a fiscal 2010 budget March 24, 2010. The record 92.3 trillion yen budget for the year starting April 1 cleared the upper house's plenary session the same day, which meant final endorsement by parliament.

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Honda ups full-year forecast for 3rd time on domestic, Asia sales

TOKYO, Japan - Honda Motor Co. Executive Vice President Koichi Kondo briefs reporters on the company's business performance in Tokyo on Feb. 3, 2010. He said the company raised its profit and sales outlook for the whole of fiscal 2009 ending in March for the third time, helped by cost-cutting efforts and brisk sales of fuel-efficient cars in Japan and other Asian markets.

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Gov't achieves most of its campaign pledges in budget: Hatoyama

TOKYO, Japan - Prime Minister Yukio Hatoyama speaks at a news conference at the prime minister's office in Tokyo on Dec. 25, 2009, after his Cabinet approved the largest-ever budget worth 92.30 trillion yen for the fiscal year from April 2010.

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Gov't achieves most of its campaign pledges in budget: Hatoyama

TOKYO, Japan - Prime Minister Yukio Hatoyama speaks at a news conference at the prime minister's office in Tokyo on Dec. 25, 2009, after his Cabinet approved the largest-ever budget worth 92.30 trillion yen for the fiscal year from April 2010.

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Gov't achieves most of its campaign pledges in budget: Hatoyama

TOKYO, Japan - Prime Minister Yukio Hatoyama speaks at a news conference at the prime minister's office in Tokyo on Dec. 25, 2009, after his Cabinet approved the largest-ever budget worth 92.30 trillion yen for the fiscal year from April 2010.

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Nagoya to cut local income tax by 10%

NAGOYA, Japan - Nagoya Mayor Takashi Kawamura salutes citizens in the city's assembly room on Dec. 22, 2009, after the assembly enacts an ordinance sponsored by the outspoken leader to cut local taxes by 10 percent in fiscal 2010. Nagoya and Handa, both in Aichi Prefecture, are the first cities to pass ordinances for cuts in local income tax in the next fiscal year starting April.

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Nissan to incur 1st loss under Ghosn, to cut 20,000 jobs

TOKYO, Japan - Nissan Motor Co. President Carlos Ghosn speaks during a news conference in Tokyo on Feb. 9. Japan's third-largest automaker revised its earnings forecasts for the year to March to a group net loss of 265 billion yen due to sliding sales and a stronger yen. The automaker said it will cut its worldwide workforce of about 235,000 by 8.5 percent to 215,000 in fiscal 2009 through March 2010.

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Kyoto Univ. not to renew employment contracts of 100 part-timers

KYOTO, Japan - Photo taken Jan. 22 shows part of the campus of Kyoto University in the city of Kyoto. The university has decided not to renew the employment contracts of about 100 part-time staffers whose five-year contracts will expire in fiscal 2010 amid the deepening recession.

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Mazda eyeing global car sales of over 1.6 mil. units in FY 2010

TOKYO, Japan - Mazda Motor Corp. Hisakazu Imaki speaks at a press conference in Tokyo on March 22. He said the company will aim to achieve vehicle sales of more than 1.6 million units worldwide in fiscal 2010, up from its estimated sales of 1.17 million units in the current business year, working closer with its largest shareholder, Ford Motor Co.

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Yamashin Filter's hybrid filter (bottom right is an optional part)

Yamashin Filter, a manufacturer of filters for construction machinery, has developed a "hybrid filter" that uses glass fiber and nanofiber as materialsto reduce environmental impact. The new filter has three times the longevity of the company's conventional products. It also reduces the amount of waste to one-third, thus reducing the negative impact on the environment. Atsuhiko Yamazaki, president of the company, is enthusiastic, "We want our customers to understand the value of this product and spread it as soon as possible."Mr. Yamazaki said, "Chinese construction equipment manufacturers are shifting from focusing on cost to focusing on quality. By expanding its market share in China, the company aims to increase its filter sales from the current 12.3 billion yen to 25 billion yen in the fiscal year ending March 2010. Photo taken on June 6, 2019, location unknown, credit: Nikkan Kogyo Shimbun / Kyodo News Images

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Mazda eyeing global car sales of over 1.6 mil. units in FY 2010

TOKYO, Japan - Mazda Motor Corp. Hisakazu Imaki speaks at a press conference in Tokyo on March 22. He said the company will aim to achieve vehicle sales of more than 1.6 million units worldwide in fiscal 2010, up from its estimated sales of 1.17 million units in the current business year, working closer with its largest shareholder, Ford Motor Co. (Kyodo)

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Kyoto Univ. not to renew employment contracts of 100 part-timers

KYOTO, Japan - Photo taken Jan. 22 shows part of the campus of Kyoto University in the city of Kyoto. The university has decided not to renew the employment contracts of about 100 part-time staffers whose five-year contracts will expire in fiscal 2010 amid the deepening recession. (Kyodo)

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Nissan to incur 1st loss under Ghosn, to cut 20,000 jobs

TOKYO, Japan - Nissan Motor Co. President Carlos Ghosn speaks during a news conference in Tokyo on Feb. 9. Japan's third-largest automaker revised its earnings forecasts for the year to March to a group net loss of 265 billion yen due to sliding sales and a stronger yen. The automaker said it will cut its worldwide workforce of about 235,000 by 8.5 percent to 215,000 in fiscal 2009 through March 2010. (Kyodo)

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Ex-Tokyo Gov. Shunichi Suzuki dies at 99

TOKYO, Japan - Former Tokyo Gov. Shunichi Suzuki (file photo taken in February, 1983), known for moving the metropolitan government office to the Shinjuku district after establishing the basis for local autonomy when he was a bureaucrat, died on May 14, 2010. He was 99. Suzuki served four four-year terms as governor of the capital from 1979, during which he restored the city's fiscal health and moved the government building to Shinjuku Ward from Yurakucho in Tokyo's Chiyoda Ward in March 1991. (Kyodo)

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Kyoto Univ. not to renew employment contracts of 100 part-timers

KYOTO, Japan - Photo taken Jan. 22 shows part of the campus of Kyoto University in the city of Kyoto. The university has decided not to renew the employment contracts of about 100 part-time staffers whose five-year contracts will expire in fiscal 2010 amid the deepening recession. (Kyodo)

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FY 2010 budget clears Diet

TOKYO, Japan - Japanese Prime Minister Yukio Hatoyama (C) and his Cabinet members bow after the House of Councillors Budget Committee approved a fiscal 2010 budget March 24, 2010. The record 92.3 trillion yen budget for the year starting April 1 cleared the upper house's plenary session the same day, which meant final endorsement by parliament. (Kyodo)

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Toyota announces FY 2009 earnings report

TOKYO, Japan - Toyota Motor Corp. President Akio Toyoda briefs reporters on the company's earnings report for the fiscal year ending March at the automaker's Tokyo office on May 11, 2010. The company returned to the black at the operating level, even as it continues to deal with the fallout from its massive global recalls. (Kyodo)

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Toyota announces FY 2009 earnings report

TOKYO, Japan - Toyota Motor Corp. President Akio Toyoda briefs reporters on the company's earnings report for the fiscal year ending March at the automaker's Tokyo office on May 11, 2010. The company returned to the black at the operating level, even as it continues to deal with the fallout from its massive global recalls. (Kyodo)

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Sony to fall into red for 3rd year

TOKYO, Japan - Sony Corp. Chief Financial Officer Masaru Kato attends a news conference in Tokyo on May 23, 2011, to announce that the company expects to fall into the red in fiscal 2010 for the third straight year with a group net loss of 260 billion yen due mainly to the effects of the March 11 earthquake and tsunami. (Kyodo)

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Sony returns to black

TOKYO, Japan - Nobuyuki Oneda, chief financial officer of Sony Corp., speaks during a press conference at the Tokyo Stock Exchange on May 13, 2010. The electronics giant returned to the black in fiscal 2009 on an operating level after a year of loss. (Kyodo)

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Sony returns to black

TOKYO, Japan - Nobuyuki Oneda (C), chief financial officer of Sony Corp., speaks during a press conference at the Tokyo Stock Exchange on May 13, 2010. The electronics giant returned to the black in fiscal 2009 on an operating level after a year of loss. (Kyodo)

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Toyota 2010 earnings briefing

TOKYO, Japan - Toyota Motor Corp. President Akio Toyoda speaks during a press conference on the company's earnings report for the fiscal year 2010 ending March 31, on May 11, 2011, in Tokyo. The company's net profit rose twofold from the previous year but fell short of its projection due to the effects of the March 11 earthquake and tsunami in Japan. (Kyodo)

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Toyota 2010 earnings briefing

TOKYO, Japan - Toyota Motor Corp. President Akio Toyoda speaks during a press conference on the company's earnings report for the fiscal year 2010 ending March 31, on May 11, 2011, in Tokyo. The company's net profit rose twofold from the previous year but fell short of its projection due to the effects of the March 11 earthquake and tsunami in Japan. (Kyodo)

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Toyota 2010 earnings briefing

TOKYO, Japan - Toyota Motor Corp. President Akio Toyoda looks pensive during a press conference on the company's earnings report for the fiscal year 2010 ending March 31, on May 11, 2011, in Tokyo. The company's net profit rose twofold from the previous year but fell short of its projection due to the effects of the March 11 earthquake and tsunami in Japan. (Kyodo)

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Aeon records group net profit for FY 2009

TOKYO, Japan - Motoya Okada, president of Aeon Co., speaks about the company's earnings report for the business year ended in February at a news conference in Tokyo on April 14, 2010. Aeon reported a group net profit of 31.12 billion yen, its first black ink in two years, but consolidated sales dropped 3.4 percent, marking the first decline since Aeon began making public its consolidated business results in fiscal 1983. (Kyodo)

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Aeon records group net profit for FY 2009

TOKYO, Japan - Motoya Okada, president of Aeon Co., speaks about the company's earnings report for the business year ended in February at a news conference in Tokyo on April 14, 2010. Aeon reported a group net profit of 31.12 billion yen, its first black ink in two years, but consolidated sales dropped 3.4 percent, marking the first decline since Aeon began making public its consolidated business results in fiscal 1983. (Kyodo)

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NEC to invest 15 bil. yen on cloud computing services by FY 2012

TOKYO, Japan - Nobuhiro Endo, senior vice president of NEC Corp., speaks during a recent interview with Kyodo News in Tokyo. Endo, 56, who will be appointed company president on April 1, 2010, said NEC will invest around 15 billion yen to enhance data centers for cloud computing over a three-year period as it embarks on an ambitious goal for a tenfold increase in net profit by fiscal 2012. (Kyodo)

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FY 2010 budget clears Diet

TOKYO, Japan - Japanese Prime Minister Yukio Hatoyama (R) and Finance Minister Naoto Kan chat during a House of Councillors plenary session March 24, 2010, before the upper chamber approved a fiscal 2010 budget. The record 92.3 trillion yen budget for the year starting April 1 cleared parliament the same day. (Kyodo)

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JAL President Ueki at press conference

TOKYO, Japan - Japan Airlines Co.'s new President Yoshiharu Ueki gives a press conference at the airline's head office in Tokyo on Feb. 15, 2012. JAL, currently undergoing rehabilitation after filing for bankruptcy in 2010, said it aims to raise its operating profit to 140 billion yen in fiscal 2013 in a five-year management plan announced the same day. (Kyodo)

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Hokkaido shinkansen preparations

HAKODATE, Japan - Workers renew power supply lines in the Omonai Tunnel in Shiriuchi, Hokkaido, on Nov. 9, 2010, in preparation for the extension of the shinkansen bullet train to the northernmost Japan prefecture planned for the fiscal year through March 2016. (Kyodo)

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Hokkaido shinkansen preparations

HAKODATE, Japan - Workers renew power supply lines in the Omonai Tunnel in Shiriuchi, Hokkaido, on Nov. 9, 2010, in preparation for the extension of the shinkansen bullet train to the northernmost Japan prefecture planned for the fiscal year through March 2016. (Kyodo)

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Hokkaido shinkansen preparations

HAKODATE, Japan - Workers renew power supply lines in the Omonai Tunnel in Shiriuchi, Hokkaido, on Nov. 9, 2010, in preparation for the extension of the shinkansen bullet train to the northernmost Japan prefecture planned for the fiscal year through March 2016. (Kyodo)

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Gov't achieves most of its campaign pledges in budget: Hatoyama

TOKYO, Japan - Prime Minister Yukio Hatoyama speaks at a news conference at the prime minister's office in Tokyo on Dec. 25, 2009, after his Cabinet approved the largest-ever budget worth 92.30 trillion yen for the fiscal year from April 2010. (Kyodo)