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Topic: Sojitz


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In the News (Thu 17 Dec 09)

  
  Japan's Sojitz to take loss from commodity futures trades - Metals News - Metals Place
Sojitz Holdings Corp. will chalk up valuation losses of around 16 billion yen ($154 million) resulting from commodity futures transactions by its energy and metals division, the struggling trading house said Wednesday.
Sojitz President Hidetoshi Nishimura indicated the same day that the firm will launch an investigation and penalize those responsible for the possible fraud that led to the huge loss.
Sojitz is expected to post a consolidated net loss of 380 billion yen (US$3.7 billion) for this fiscal year, partly on its withdrawal from unprofitable operations.
metalsplace.com /metalsnews?a=977   (207 words)

  
 eBearing News - Wanxiang and Sojitz in Joint Venture to Produce Bearings
Sojitz, created by the mid-2004 merger of Japan's Nissho Iwai Corp. and Nichimen Corp., is one of the world's largest international trading companies, with operations on six continents.
In mid-September, Sojitz landed an infusion of ¥370 million from its lenders.
In late 2004, Sojitz announced a renewed focus on its bearing operations: "We are pursuing global development of our bearing business, a key component of the machine industry.
www.ebearing.com /news2005/012101.htm   (402 words)

  
 WebWire® | Evergreen International Airlines, Inc. to Operate Boeing 747 Large Cargo Freighters
Sojitz Corp. of America has been chosen by Evergreen to coordinate logistics and other services for Japanese routes.
Sojitz will establish an overall plan for receiving and transporting 787 components from Boeing’s Japanese partners, and will be the interface between Centrair and Nagoya airports.
Sojitz Corp. of America is the U.S. subsidiary of Sojitz Corp., based in Tokyo.
www.webwire.com /ViewPressRel.asp?aId=6985   (626 words)

  
 Asia Times Online :: China News, China Business News, Taiwan and Hong Kong News and Business.   (Site not responding. Last check: 2007-09-20)
Sojitz now aims to expand its operations by supporting sales of Chinese equipment in an effort to tap emerging markets.
Sojitz believes the unit's products will be more competitive than those of Japanese manufacturers because of their distinctly lower prices.
Sojitz expects to handle about 10 billion yen in new orders through the tie-up in fiscal 2005.
www.atimes.com /atimes/China_Business/GK30Cb03.html   (339 words)

  
 [No title]   (Site not responding. Last check: 2007-09-20)
Sojitz didn't say how much it will receive in capital, but said the details will be announced in early September.
Sojitz plans to book an extraordinary loss of about 250 billion yen for the current business year ending March 2005, rather than a 50 billion yen net profit the company had projected, the Nikkei said.
Sojitz was formed through the merger of trading houses Nissho Iwai and Nichimen.
www.marketwatch.com /News/Story/Story.aspx?guid={24328909-7DEB-47F8-A785-FF434A8AA704}&dist=¶m=archive&siteid=mktw&garden=&minisite=   (661 words)

  
 [No title]   (Site not responding. Last check: 2007-09-20)
Sojitz Corporation announced that it has decided to dissolve its 90.8%-owned subsidiary, Heisei Medical Club Corporation, which manages membership club for the early discovery of diseases and the promotion of health control.
Sojitz Corporation announced that it has decided to dissolve its United States-based wholly owned subsidiary, Granplex, Inc., which is engaged in the import and export business of food and supplies.
Sojitz Corporation announced the judgment of the lawsuit, which the Company filed with the Tokyo District Court against Taiheiyo Kaiun Co., Ltd. The Company claimed that the Company and Taiheiyo Kaiun should apportion the loss on the charter operation business as joint business partners.
today.reuters.com /stocks/keydevelopments.aspx?ticker=2768.T   (315 words)

  
 Sojitz Corporation of America :: NEC Looks to Replicate Japanese Success in Dominating Autoloader Market to North ...   (Site not responding. Last check: 2007-09-20)
In order to help them achieve their targets, NEC is currently recruiting channel partners and distributors and is delighted to be able to announce the appointment of Sojitz Corporation of America as exclusive representation and master distributors for North and South America.
Sojitz Corporation of America is the U.S. subsidiary of Sojitz Corporation, an integrated global trading company that is responsible for about $54 billion in annual trade transactions.
Sojitz Corporation has 14,600 employees in 66 offices and 258 subsidiaries all around the world.
sev.prnewswire.com /computer-electronics/20050126/DEW00926012005-1.html   (860 words)

  
 Bloomberg.com: Japan
Sojitz is among several UFJ borrowers, including retailer Daiei Inc., that are trying to cut debt.
Sojitz shares rose 5.1 percent to 451 yen as of the 3 p.m.
Sojitz said it will ask UFJ and other banks to buy a combined 350 billion yen worth of preferred shares.
quote.bloomberg.com /apps/news?pid=10000101&sid=ajC07BsJF0lE&refer=japan   (637 words)

  
 Sojitz Corporation Leads Capital Investment in A.D.Vision
Sojitz Corporation is a publicly listed Japanese holding company with over $48 billion in annual sales.
About Japan Contents Investment LPS (JCI) JCI was formed by Sojitz Corporation, in cooperation with the Development Bank of Japan (DBJ) and KlockWorx Co., Ltd. ARM Corporation, a wholly-owned subsidiary of Japanese Contents Investment LPC (JCI), was established to support the overseas licensing and distribution of Japanese anime.
Sojitz is engaged the investment in content creation, with a focus on Japanese animation, and its export and sale in overseas markets.
www.prnewswire.com /cgi-bin/stories.pl?ACCT=109&STORY=/www/story/06-27-2006/0004387901&EDATE=   (904 words)

  
 Asia Times - News and analysis from throughout Southeast Asia   (Site not responding. Last check: 2007-09-20)
TOKYO - Sojitz Corp, a Japanese trading company, is expanding its production of wood chips in Vietnam by setting up a third joint venture with Vinafor, a Vietnamese government-operated company.
Sojitz aims to increase its wood chip production capacity at the new joint venture and its other two existing joint ventures in the country by 50%, to about 900,000 tons per year, and plans to sell the products as pulp material to Japanese paper manufacturers, including Oji Paper Co.
Sojitz will invest 300 million yen every year to plant acacia trees in on 3,000 hectares of land each year.
www.atimes.com /atimes/Southeast_Asia/FJ19Ae02.html   (280 words)

  
 Sojitz Corporation of America, Corinex Communications Enter Pact
Sojitz Corporation of America is proud to announce they have been appointed the Master Distributor for Corinex Communications' line of AnyWire Connectivity network devices for the US market.
Corinex is proud to partner with Sojitz, a world class distribution company, for logistics, shipping, and stocking services and to represent our products and solutions in this growing marketplace." A limited number of VAR opportunities per state are available as well as a limited number of retail distribution opportunities; for more information, please contact Mr.
About Sojitz Corporation of America Sojitz Corporation of America is the U.S. subsidiary of Sojitz Corporation, an integrated global trading company that is responsible for about $54 billion in annual trade transactions.
www.prnewswire.com /cgi-bin/stories.pl?ACCT=109&STORY=/www/story/11-29-2004/0002551240&EDATE=   (982 words)

  
 Sojitz Philippines Corporation
Sojitz Corporation is composed of two of the world’s largest trading companies- Nissho Iwai Corporation and Nichimen Corporation, who merged to continue to adhere to the timeless fundamental corporate philosophies of both companies in April 2004.
In the Philippines, Nissho Iwai Corporation- Philippine Branch and Nichimen Philippines Corporation was reborn as Sojitz Philippines Corporation.
With almost 50 years of operations in the Philippines, we are vigorously expanding our global business and adding new capabilities to the traditional role as a trading company.
www.ph.sojitz.com   (305 words)

  
 Anime News Network - ADV Teams up with Sojitz
A.D. Vision (ADV) and Sojitz Corporation, one of the leading producers/investors in the Japanese anime industry, have entered into a strategic partnership covering numerous areas including licensing, investment and new-media.
ADV will assist Sojitz with the acquisition of North American and European content for importation into Japan.
Sojitz gains ADV's specialized knowledge in the packaging and distribution of anime content for the North American and European markets, and we gain Sojitz's global network and expertise in wireless and new media, which for anime-related content is a particularly strong growth area.
www.animenewsnetwork.com /article.php?id=9085   (260 words)

  
 AWN Headline News
Shinichi Uchiyama, svp of Sojitz’ new business development group, said, “Anime has become a global phenomenon, and the North American and European markets are slated for sustained growth.
Sojitz Corp. is a publicly listed Japanese holding company with more than $48 billion in annual sales.
Sojitz Corp. formed JCI in cooperation with the Development Bank of Japan (DBJ) and KlockWorx Co. Ltd.
news.awn.com /index.php3?ltype=top&newsitem_no=17311   (878 words)

  
 Japan banks bail out Japan trading firm - Breaking News   (Site not responding. Last check: 2007-09-20)
Sojitz, formed in April 2003 from the merger of Nissho Iwai and Nichimen, is one of UFJ's largest borrowers and rebuilding its finances is one of UFJ's major priorities before merging with MTFG, reports said.
Sojitz will aim to cut its debts by Y500 billion ($A6.39 billion) yen to Y1.0 trillion ($A12.78 billion) by March 2007 in the new plan.
To boost its profitability, Sojitz intends to invest about Y300 billion ($A3.83 billion) in aviation, apparel, petroleum and other areas where it has a competitive edge and withdraw from other money-losing operations, the paper said.
www.theage.com.au - !http: //www.theage.com.au/articles/2004/07/23/1090464858763.html   (239 words)

  
 CNG Travel Group - Press   (Site not responding. Last check: 2007-09-20)
The partnership between CNG and Sojitz, a public company which is the exclusive sales consultant of Boeing commercial jets in the Japanese market, cements CNG's position in the second largest travel market in the world.
Sojitz (www.sojitz.com), quoted on the Tokyo Stock Exchange, is a leading conglomerate with sales of over £29bn (year ended 31 March 2004) and was formed through the merger on 1st April 2004 of Nissho Iwai Corporation and Nichimen Holdings.
CNG Travel Japan has already deployed CNG's hotel programme to all of Sojitz's 4,000 employees and has already signed up a contract with one of Japan's largest travel agents.
www.cngtravel.com /htm/press6.htm   (361 words)

  
 End-To-End Global Trade Management from Sojitz Trade Management Solutions   (Site not responding. Last check: 2007-09-20)
U.S. Customs compliance - reducing the risks and costs of Importing into the US We are leaders in global trade management.
Sojitz Corporation of America (SCA) is a leader in global trade.
Together with our parent company, Sojitz Corporation, we have more than 175 offices in over 70 countries around the world.
www.e2egtm.com /index.html   (332 words)

  
 [No title]
Sojitz Corporation: Business description, financial summary, 3yr and interim financials, key statistics/ratios and historical ratio analysis.
This report is essential reading for any serious investor, providing comprehensive financial information on a company's performance,...
A textual analysis of Sojitz Corporation's financial statements, including company description and recent stock performance, versus San-Ai Oil Co., Ltd., Marubeni Corporation and Nippon Oil Corp.
today.reuters.com /stocks/Overview.aspx?symbol=2768.OS&chart=0   (373 words)

  
 RedOrbit - Science - 6 Major Japan Traders Mark Record Net Profit for April-Dec.
For the full year to March 2006, Itochu Corp. and Sojitz Corp. revised up their group net profit forecasts.
The four other trading houses are also expected to beat their estimates thanks to the favorable business environment.
Following are the six firms' April-December 2005 group sales and net profits, and their net profit estimates for the full year to March 2006, in billions of yen with year-on-year changes in parenthesis:
www.redorbit.com /news/science/376075/6_major_japan_traders_mark_record_net_profit_for_aprildec/index.html?source=r_science   (251 words)

  
 Hidetoshi Nishimura 1942— - GOAL TO INVEST IN SUBSIDIARIES AND EXPAND GLOBALLY
In 2004 that group was renamed Sojitz Holdings Corporation.
The holding company controlled Sojitz so that it could respond flexibly to economic and business changes and streamline its business lines.
The creation of Sojitz allowed the initiation of a process of "selection and focus" intended to improve profitability.
www.referenceforbusiness.com /biography/M-R/Nishimura-Hidetoshi-1942.html   (1672 words)

  
 Bloomberg.com: Asia
Nov. 5 (Bloomberg) -- Sojitz Holdings Corp., a Tokyo-based trading company, will post a one-time loss of about 240 billion yen ($2.3 billion) for the six months ended September to write down the value of subsidiary shares, the Nikkei English News reported, without saying where it got the information.
Sojitz in September said it would report about 410 billion yen of charges to write down the value of assets and withdraw from unprofitable businesses.
The company, which is among several companies struggling to repay UFJ Holdings Inc., also said in September it would receive 370 billion yen in aid from UFJ and other lenders as part of a bailout approved by its shareholders.
quote.bloomberg.com /apps/news?pid=10000080&sid=a67RDiOcRw4E   (202 words)

  
 OilVoice.com | ATP Sells UK Gas field Stake to Sojitz Energy
This new initiative aims to provide maximum exposure to this valuable source of industry reference to potential future geoscientists and engineers who are currently reviewing the option of a career in the oil and gas sector.
The transfer is subject to approval of the Secretary of State for Trade and Industry.
Upon approval, Sojitz will pay a disproportionate share of development costs for its interest in Tors.
www.oilvoice.com /ATP_Sells_UK_Gas_field_Stake_to_Sojitz_Energy/5198.htm   (582 words)

  
 Sojitz To Speed Up Debt Repayment To MTFG-UFJ   (Site not responding. Last check: 2007-09-20)
Sojitz, the Japanese trading house that has emerged as MTFG-UFJ's biggest borrower, is expected to unveil a revamped business plan by the end of August in an effort to accelerate its debt repayment.
The company, formed by the merger of trading houses Nissho-Iwai and Nichimen, is estimated to have more than Y1,000bn ($9.2bn) in loans outstanding to both UFJ and MTFG.
In the fiscal year ended March, Sojitz had Y1,945bn in net interest-bearing debt.
www.webprowire.com /summaries/826306.html   (216 words)

  
 PRESS RELEASE O2Diesel Dispatches Initial Bulk Shipment of Its Proprietary Technology to First Customer in Australia   (Site not responding. Last check: 2007-09-20)
Sojitz, who is recognized as one of the largest suppliers of diesel fuel to the mining industry in Australia, will use the additive to blend O2Diesel™ for delivery to its customers.
This initial shipment of the Company's patented additive technology is enough to blend approximately 4.5 million liters of O2Diesel™.
"Sojitz boasts a huge global presence and in Australia they supply diesel fuel to the mining industry, a high volume sector that can benefit from not only the renewable and environmental properties of O2Diesel™ but also, once local ethanol production comes on line, from favorable economics."
www.marketwire.com /mw/release_html_b1?release_id=109736   (626 words)

  
 Welcome To Metton
The headquarters for Metton America is located in Houston, Texas in the U.S. with an affiliate, Metton Europe, in Düsseldorf, Germany.
Sojitz is a worldwide trading company supplying Metton LMR to many international molders.
Sojitz Mexicana S.A. de C.V. Paseo de las Palmas No. 239-3er.
www.metton.com   (166 words)

  
 Sojitz, Sumitomo to take stake in Nigerian LNG project - report - Forbes.com   (Site not responding. Last check: 2007-09-20)
A basic agreement has been reached for LNG Japan Corp, a joint venture of Sojitz and Sumitomo, to acquire 3 pct of the stock in the operating firm from Nigerian National Petroleum, the report said, without specifying its source.
Sojitz and Sumitomo will climb aboard the Olokola LNG project, joining such participants as state-owned Nigerian National Petroleum Corp, Chevron Corp and major European energy providers, the report said.
The first stage of the project is to build by 2010 LNG production facilities capable of churning out 11 mln tons of the fuel a year.
www.forbes.com /markets/feeds/afx/2006/04/23/afx2689660.html   (525 words)

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