More than 1,000 Japanese companies will mark the 100th anniversary of their founding in 2017, among them precision equipment maker Nikon Corp., automaker Fuji Heavy Industries Ltd. and Morinaga Milk Industry Co.
Of the roughly 3 million companies in the database of credit research firm Tokyo Shoko Research Ltd., 1,118 companies will turn 100 years old this year.
1917 saw a bumper crop of firms, mainly manufacturers, established in Japan to take advantage of growing exports on the back of World War I.
A Nikon spokesman said his company has survived the past century because it has "globally promoted a wide range of products and services based on its high-quality technologies mainly in the optical and precision sectors."
These 100-year-old companies still need to adapt to changing times.
Fuji Heavy, known for its Subaru automobile brand, plans to concentrate its resources on automobile and aerospace businesses while pulling the plug on industrial machinery operations. In April, the company will change its corporate name to Subaru Corp.
The United States, Japan and other countries surrounding North Korea are on high alert over the nation's provocative actions, including the possibility it would conduct its sixth nuclear test, as Tuesday marked the 85th anniversary of the foundation of its Korean People's Army. (the-japan-news.com)
Japan's Prime Minister Shinzo Abe has decided to appoint Masayoshi Yoshino, a former State Minister of the Environment, as the new minister in charge of rebuilding areas hit by the 2011 earthquake and tsunami. (NHK)
Canadian pop singer Justin Bieber, 23, will perform at Tokyo's Ajinomoto Stadium on Sept 23 and 24. It will be Bieber's fourth concert tour in Japan and his first visit since last August. (Japan Today)
Despite the initial excitement among major financial institutions, the Bank of Japan's push for exchange-traded funds tracking companies that actively raise employee pay or invest in new equipment has run aground. (Nikkei)
Japan's growing labor shortage threatens the nation's ubiquitous convenience stores, whose business model relies on an army of part-timers packing bento lunch boxes, manning cash registers and delivering goods 24/7. (Japan Today)
The labor ministry referred advertising agency Dentsu Inc. and three officials from its offices in Nagoya, Osaka and Kyoto to prosecutors on Tuesday on suspicion of violating the Labor Standards Law by making employees work overtime beyond legal limits. (Japan Times)