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10.01.2025 13:28
Itochu joint venture acquires exclusive rights for Moomin in South Korea Japanese trading house Itochu Corp. said Friday that its Hong Kong-based joint venture has acquired exclusive licensing rights for the popular Finnish Moomin characters in South Korea, citing a significant potential for expanding the brand in the country. Itochu aims to leverage its distribution capabilities to increase the number of licensees in South Korea from approximately 20 companies to around 60 to 80 companies over the next three to five years. Read full story here

10.01.2025 13:57
Heavy snow hits north, west Japan, 100 vehicles temporarily stranded Heavy snow fell in areas of northern and western Japan facing the Sea of Japan on Friday, disrupting bullet train services and temporarily stranding about 100 vehicles following the closure of part of an expressway. A section of the Yamagata Shinkansen Line was suspended temporarily to allow snow to be removed, while trains on the Tokaido Shinkansen Line ran at reduced speeds between Nagoya and Shin-Osaka stations and delays were experienced also on the Sanyo Shinkansen Line, the train operators said. Read full story here

10.01.2025 16:21
8 students injured in hammer attack at univ. campus in Tokyo suburbs Eight students were injured Friday in a hammer attack at a university campus in the suburbs of Tokyo, according to police. An emergency call was made around 3:45 p.m., reporting an attack by a student at Hosei University's Tama Campus in Machida. The assailant, a 22-year-old South Korean woman, was subdued and arrested, according to the Metropolitan Police Department and fire department officials. Read full story here

10.01.2025 16:40
Tennis: Naomi Osaka is past wishful thinking, looks to end victory drought Just days after narrowly missing her first tournament championship since 2021, four-time Grand Slam winner Naomi Osaka said Friday at the Australian Open that she was upbeat about her chances this year after a difficult 2024. On Sunday, an abdominal injury forced the 27-year-old out of the ASB Classic final in Auckland, New Zealand, after she won the first set, and Osaka admitted an examination did not dispel all her injury concerns, but said she was realistic and ready to play. Read full story here

10.01.2025 18:43
Itochu mulls 1 tril. yen investment in Seven & i buyout plan Trading house Itochu Corp. is considering investing around 1 trillion yen ($6.3 billion) in Seven & i Holdings Co. as part of a management buyout plan by the retailer's founding family, sources familiar with the matter said Friday. Itochu, which owns convenience store chain FamilyMart Co., has been approached by the family but it aims to mitigate antitrust concerns by limiting its stake in Seven & i, the operator of 7-Eleven convenience stores, to around 10 percent, the sources added. Read full story here