Tag Archives: Tokyo

Japan's youngest billionaire wealth depleted USD2, 6 M

Yoshikazu Tanaka managed to become the youngest billionaire in Japan since joining Gree Inc. At that time, the majority shareholder in the phone-based gaming company, has a market capitalization of $ 4 billion. However, 18 months later, capitalization dropped to USD1, 38 billion.

The 36-year-old man, too late to respond to the growth of smartphones in the global market. Half a decade after the iPhone went on sale in Japan, Gree sales depend on the generation of the handset, while 60 percent of revenues earned precede smartphone.

As a result, the company had its first annual profit decline, as consumers move in the game is available through the Apple App Store and Google Play. Communities left platform social gaming network Gree and rival DeNA Co. who once dominated the local market. Since November 2011, shares of the Tokyo-based company have slumped more than 50 percent and a worst of 108 shares belonging to other stocks in the sector Topix.

“They have to fight Apple, they have to fight against Google. We will move to whichever industry structure potentially earning player in the mobile game now,” said an analyst at Macquarie Group Ltd., David Gibson, as quoted by Bloomberg, on Tuesday (23/4 / 2013).

Euphoria of investors to the new Japanese government and policy to trigger growth, there appears to be gone for Gree. Gree stock decline from its peak, the opposite of the 225 Nikkei rise by 55 percent.

Gree net profit recorded at 31 billion yen, or USD311 million on June 30, far from last year’s profit by 48 billion yen. This decline, the first drop since the company went public in 2008. Gree closed yesterday at 1,227 yen, down from a peak of 2,840 yen in November 2011.

Currently, the number of smartphone subscribers in Japan rose to 37 percent, according to data from March 31. Based MM Research Institute Ltd. in Tokyo proportions, estimates the market to grow 58 percent in March 2015 and 65 percent in March 2016. Global smartphone sales will probably rise 28 percent this year, to 836 million units, according to IHS Inc. ‘s iSuppli.

Mobile phone-based game market in Japan may have grown 37 percent to 387 billion yen in March, and expect to grow 10 percent this year. Although the market is growing, stagnant incomes Gree probably because they have lost their momentum in the mobile phone-based game in Japan.

Tanaka, who pioneered social networking game for mobile phones in 2007, the first time looking around the Internet in 1996 while visiting the United States (U.S.). Three years later, he graduated from Nihon University in Japan with a degree in law. Before founding Gree, he worked at Sony Corp. ‘s Internet unit and online store Rakuten Inc

Tanaka is the youngest billionaire in Japan, according to Forbes magazine. The next youngest is Rakuten President Hiroshi Mikitani 48 years, with a wealth of USD5, 6 billion.

On the other hand, efforts by Gree game development was delayed, due to the features of their game under the spotlight of regulators Japanese Consumer Affairs. The regulator said the game features known as “comp gacha” (pronounced gotcha) may be illegal, because it has similarities to gambling.

Gree also seeks to increase the supply of game by buying smaller developers. Since 2009, the company has acquired stakes in 17 companies, including Pokelabo Inc. and Funzio Inc.. In February, Gree mobile games formed a partnership with Yahoo Japan Corp, Japan’s largest Web portal, game developers are bound by the creator of Pac-Man Namco Bandai, Toei Animation Co. and broadcaster TV Tokyo Holdings Corp. last month to launch an animation program and sell merchandise related.

China's thick smog arrives in Japan

The suffocating smog that blanketed swathes of China is now hitting parts of Japan, sparking warnings Monday of health risks for the young and the sick. The environment ministry’s website has been overloaded as worried users log on to try to find out what is coming their way.

“Access to our air-pollution monitoring system has been almost impossible since last week, and the telephone here has been constantly ringing because worried people keep asking us about the impact on health,” said an environment ministry official.

China's thick smogPictures of Beijing and other Chinese cities shrouded in thick, choking smog played out across television screens in Japan last week. News programmes have broadcast maps showing a swirl of pollution gathering strength across China and then spreading out over the ocean towards Japan.

Pinks, reds and oranges that denote the highest concentrations form a finger of smog that inches upwards to the southern main island of Kyushu. Relations between Tokyo and Beijing are already strained, over the sovereignty of a chain of islands in the East China Sea. And on the streets of Tokyo, reaction was tart.

“China is our neighbour, and all sorts of problems happen between us all the time,” said Takaharu Abiko, 50. “It is very worrying. This is dangerous pollution, like poison, and we can’t protect ourselves. It’s scary.”

Officials were coy about lumping all the blame on their huge neighbour, but Yasushi Nakajima of the environment ministry said “we can’t deny there is an impact from pollution in China”.

Air pollution over the west of Japan has exceeded government limits over the last few days, with tiny particulate matter a problem, said Atsushi Shimizu of the National Institute for Environmental Studies (NIES). Prevailing winds from the west bring airborne particles from the Asian mainland, he said.

Of specific concern is the concentration of a particle 2.5 micrometres or less in diameter, which has been as high as 50 microgrammes per cubic metre of air over recent days in northern Kyushu. The government safe limit is 35 microgrammes. Yellow sand from the deserts of Mongolia and China is a known source for these particles, as are exhausts from cars and smoke from factories.

“At this time of year they are definitely not yellow sands, so they’re toxic particles,” Shimizu said, warning that “people with respiratory diseases should be careful”. Toshihiko Takemura, an associate professor of Kyushu University who runs another air pollution monitoring site, said “the impact of air pollution originating from China on Japan was scientifically discovered more than a decade ago”.

“Especially in Kyushu, the level of air pollution has been detectable in everyday lives since a few years ago,” he told AFP. “People in eastern and northern Japan are now belatedly noticing the cross-border air pollution.”

Takemura noted that pollution in Japan over the last few days has not been quite as bad as it was in February 2011, when “very hazy days continued for several days in western Japan”. He agreed with Shimizu that people with respiratory diseases, as well as small children, should take extra care to avoid the problems.

Takemura’s website forecast an “extremely large” amount of air pollutants would arrive in part of Kyushu Monday and Tuesday. Shimizu said information-sharing with China on air pollution has been difficult but “there are many things Japan can do, for instance encouraging China to use pollutant-filtering equipment in factories”.