Tag: Japan

Gov't mulling Toyota Italy's Kitamura as head of mail delivery firm

Posted by | Jun 23, 2006 | |

The government is eyeing Norio Kitamura, chairman of Toyota Motor Italia, to assume the presidency of a mail delivery service company to be created through the privatization of Japan Post in October 2007, sources familiar with the issue said Friday.
Kitamura, 64, has emerged as the likeliest candidate for the new post as Toshihiro Takahashi, currently vice president of Japan Post and a former Toyota Motor Corp. managing director, declined to take the position when asked by the government, the sources said.

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TNT gears up to ride Asian clinical trial wave

Posted by | Jun 22, 2006 | |

TNT is positioning itself to capitalise on expected 20 per cent annual growth in Asia’s clinical trial market over the next five years.

TNT’s new director of clinical life sciences for Asia, Lim Bee Koong, has been tasked with spearheading TNT’s push. A life sciences industry veteran with more than 10 years experience, Ms Lim will oversee an area that includes China, Indonesia, Japan, Malaysia, the Philippines, Singapore, South Korea, Thailand and Vietnam.

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Japanese Gov't eyes revising mail service law to encourage new entrants

Posted by | Jun 17, 2006 | |

The government plans to revise the 2003 mail service law in a bid to encourage new entrants into the mail business now effectively monopolized by the public corporation Japan Post, government sources said Saturday. Draft revisions being studied include a plan to allow people to post mail at convenience stores. They also include exempting new entrants from the duty of delivering mail across Japan by lifting the ban on signing consignment contracts for delivery in areas they cannot cover. The mail delivery business was opened to the private sector in April 2003. But no company has entered the market – except for the delivery of specified mail in certain areas – due to major hurdles required for newcomers under the law, such as setting up some 100,000 post boxes across the nation.

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Japan Post to quadruple investment to 180 bln yen in current year

Posted by | Jun 15, 2006 | |

Japan Post plans to invest 180 bln yen during the current business year ending March 2007, four times the amount it spent in the previous fiscal year, to introduce frozen-food deliveries and expand online services, the Nihon Keizai Shimbun reported without citing sources. The company plans to launch a service that will enable the delivery of items that need to be kept frozen, a well-established segment among private-sector delivery companies such as Yamato Transport Co, the financial daily said.

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Japan Post to revise mail section's profit upward to fix input error

Posted by | Jun 14, 2006 | |

Japan Post will soon have to revise upward its net profit figures for fiscal 2005 due to the discovery of a computer input error in the course of the compilation of its earnings results, Japan Post officials said Wednesday. On May 24, Japan Post released its preliminary financial results for the business year to March 31, saying net profit at its mail segment was 200 million yen. But the segment actually gained a net profit of 2.6 billion yen, they said.
The correction will lead the government-backed provider of mail, postal savings and insurance services to revise the net profit figure for all of the three service segments for the 12-month period, the officials said.

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