JAL posts highest sales of 1.84 tril. yen in FY 2024 on strong demand
The company said it remains vigilant over the possible effect of U.S. President Donald Trump's tariffs policy on travel and cargo demand, saying the latest earnings results have not reflected the impact of the "extremely uncertain" and fluctuating Trump policies.
CEO Mitsuko Tottori told a press briefing that the latest result gave her "confidence" to pursue further growth as it reflected continued support by customers despite incidents of pilots drinking alcohol that prompted a business improvement order from the transport ministry.
Tottori said she hopes that the World Exposition in Osaka, running for six months from mid-April, will further boost inbound travelers, not only to the western Japan city but also to other regions in Japan using domestic airline services.
JAL's net profit for fiscal 2024 grew 12.0 percent to 107.04 billion yen. The number of domestic passengers increased 2.9 percent to 36.13 million, and international travelers rose 14.4 percent to 7.58 million.
The figures picked up from fall and winter seasons after some people likely avoided traveling during the hot Japanese summer, the company said.
For the current fiscal year that began in April, the company expects its net profit to rise 7.4 percent to 115 billion yen on sales of 1.98 trillion yen, up 7.2 percent.
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an hour ago
Chanoma: Meticulous Japanese Sweets in a Green Ikebukuro Oasis
Just a few minutes from the bustle of Ikebukuro Station's West Exit, and a single turn into one of the narrow streets spreading through Ikebukuro, I find myself stopping short. Nestled among the towering buildings is a verdant, tree-filled garden hiding a café in an old, traditional-style house. The single-story wooden structure, embraced in a quiet like something from another time, is around 80 years old, and greets every new customer with this feeling of charming discovery. The house itself was built by the owner Fukano Hiroyuki's grandfather after World War II, and his family has lived in this area since the Edo period (1603–1868). The wooden gate at the cafe entrance is a precious piece of architecture dating back to the mid- to late-nineteenth century, meaning it has survived both the Great Kantō Earthquake and the firebombing of World War II. A step through that gate takes me into the cafe area. The wooden gate's jutting roof is a clear landmark. (© Kawaguchi Yōko) The first sight inside is a doma —a feature of older houses, a large, dirt-floored workroom inside the main entrance—lined with tables and benches. Stepping up into the house, where Fukano once actually lived, gives access to washitsu rooms with tatami mats and a covered exterior walkway, or engawa . The doma is bright and airy. A tatami-floored washitsu can be seen to the right. (© Kawaguchi Yōko) Both spaces, the doma and washitsu , are now open to café customers, and feature large windows looking out onto the green garden outside. Stay in the doma to enjoy light filtering through the trees, or take off your shoes and step into washitsu for a taste of the cool shadows of a traditional Japanese house. Sun or shade—let your mood decide which suits you best that day. The floor seating in the Japanese room is perfect for stretching out and relaxing. (© Kawaguchi Yōko) The washitsu rooms take advantage of carefully preserved original fixtures, like fusuma sliding doors decorated with patterns of golden clouds and ume blossoms, and shōji screens with glass panels at the bottom for gazing out at the snow in winter. One room has a tokonoma alcove and a fireplace. Formerly the house tearoom, this space eschews gaudy decoration in favor of a more reserved, calming atmosphere. The tokonoma is decorated with hanging scrolls and ikebana . (© Kawaguchi Yōko) Focus on Ingredients At Chanoma, customers order their drinks and sweets at the counter. The cafe's most popular dish by far is the Nōkō Matcha Terrine. It uses tea from venerable Aoiseicha, a tea shop in Nishio, Aichi Prefecture, packing it with the rich flavor of matcha. It is topped with whipped cream flavored with smoked hōjicha , a form of roasted tea, for a taste treat that balances depth with gentle enjoyment. The popular Nōkō Matcha Terrine and Hōjicha Latte. (© Kawaguchi Yōko) I particularly recommend pairing it with the Hōjicha Latte, which balances the natural sweetness of milk and roasted hōjicha tea. Shop manager Katō Hiroshi says, with a grin, 'We use hōjicha roasted from first-pick tea, so the leaves are packed with umami and sweetness. We want customers to enjoy the natural flavor of the ingredients.' The hot drink is great, of course, but in summer the iced version is also a real treat. Nishi Ike Valley—A New Community Under the High Rises Chanoma opened in December 2021. 'I want to build relationships with people whose faces I know. I want to open up this space to the community and make it somewhere people can mingle,' reflects Fukano. That is what drove his efforts in redeveloping the land he owned and encouraging shops, like Chanoma, to open here. He has grown this hidden residential neighborhood into a greenery-wrapped, welcoming commercial complex called Nishi Ike Valley. What makes this Ikebukuro spot a 'valley?' That name stems from the contrast between the towering high rises lining the main street in front of Ikebukuro Station and the many lower-stature structures in this area, like a green valley between the mountainous buildings. It also reflects his desire to see this a place where many branching 'tributaries' flow together to become one stream uniting diverse people and facilities to create something new. This cafe in a green urban valley between the buildings is truly an oasis of the metropolis. (© Kawaguchi Yōko) Chanoma's design was done by Sudō Tsuyoshi's design studio. The general concept was one of gently tying together the physical space, so they removed the wall that once stood round the garden. They also removed some of the paving on the grounds to replant shrubbery there. That helps blur the borders with the outside to create a more comfortable, half-indoor, half-outdoor environment. A place where visitors can feel free to find their own way of being in the space—that is the true charm of Nishi Ike Valley. The 2023 Nishi Ike Valley fair, held in the parking lot across from Chanoma, attracted over 200 children to enjoy festival games, street stall food, and shaved ice. Other events, like Nishi Ike Valley Day, include market stalls selling food made in the facility's shared kitchen and other offers of casual fun. On an earlier interview done a few years ago, Fukano shared a clear hope: 'I want to see people living in the buildings alongside us to come down and have fun on the street, and to hear the voices of children.' In May 2025, construction finished on a new residential building within the Nishi Ike Valley grounds. The first floor already has tenants like restaurants, a gym, and a work-share space. With this new public living space, connecting residents with those who come for fun, the day when that dream comes true seems close at hand. A Garden for All Seasons Chanoma was the first business to open here, becoming the nucleus for the Nishi Ike Valley project and an object of curiosity from many. Rather than being a perfectly polished commercial facility, it embodies the Nishi Ike Valley concept of 'A house in town to enjoy the spaces between.' In the garden, spring sees the blossoming of cherries, and the ume begin to ripen in early summer. Autumn is when the chestnuts and yuzu appear. When planting the garden, Fukano says, 'We focused on things that bear fruit, that lose their leaves in autumn, and that attract butterflies to lay their eggs.' There are gardeners to care for the trees, people to water the plants early in the morning, and those who come to sweep the leaves from the streets. This garden itself calls for many hands to tend it, and so has formed its own small community. 'It feels good to me to work in this environment. Watering the plants every day helps me see up close the vitality of these plants and feel the changing of the seasons,' says Katō. Once, some visitors from overseas staying at a hotel in Ikebukuro came to Chanoma three days in a row. They brought different friends every day, and apparently explained to each that visiting the cafe was their new morning ritual. The Japanese-style atmosphere seems to charm visitors from overseas. (© Kawaguchi Yōko) If you want a quiet time to visit, avoid the weekends and come on a weekday morning. The scenery around Chanoma offers new flowers and fruit with every season. It is a place that makes you want to come again and again, a place that nurtures moments of stillness. Chanoma Address: 5-12-3 Nishi-Ikebukuro, Toshima, Tokyo Hours: 10:00 am–6:30 pm (last orders at 6:00 pm) Closed: Tuesdays Access: 6 minutes on foot from Kanamechō Station on the Tokyo Metro Yūrakuchō Line; 8 minutes on foot from JR Ikebukuro Station Website: (Originally published in Japanese. Banner photo: The shop as seen from the entrance. © Kawaguchi Yōko.)
The Mainichi
8 hours ago
- The Mainichi
From Laos to Brazil, Trump's tariffs leave a lot of losers. But even the winners will pay a price
WASHINGTON (AP) -- President Donald Trump's tariff onslaught this week left a lot of losers -- from small, poor countries like Laos and Algeria to wealthy U.S. trading partners like Canada and Switzerland. They're now facing especially hefty taxes -- tariffs -- on the products they export to the United States starting Aug. 7. The closest thing to winners may be the countries that caved to Trump's demands -- and avoided even more pain. But it's unclear whether anyone will be able to claim victory in the long run -- even the United States, the intended beneficiary of Trump's protectionist policies. "In many respects, everybody's a loser here,'' said Barry Appleton, co-director of the Center for International Law at the New York Law School. Barely six months after he returned to the White House, Trump has demolished the old global economic order. Gone is one built on agreed-upon rules. In its place is a system in which Trump himself sets the rules, using America's enormous economic power to punish countries that won't agree to one-sided trade deals and extracting huge concessions from the ones that do. "The biggest winner is Trump," said Alan Wolff, a former U.S. trade official and deputy director-general at the World Trade Organization. "He bet that he could get other countries to the table on the basis of threats, and he succeeded -- dramatically.'' Everything goes back to what Trump calls "Liberation Day'' -- April 2 -- when the president announced "reciprocal'' taxes of up to 50% on imports from countries with which the United States ran trade deficits and 10% "baseline'' taxes on almost everyone else. He invoked a 1977 law to declare the trade deficit a national emergency that justified his sweeping import taxes. That allowed him to bypass Congress, which traditionally has had authority over taxes, including tariffs -- all of which is now being challenged in court. Winners will still pay higher tariffs than before Trump took office Trump retreated temporarily after his Liberation Day announcement triggered a rout in financial markets and suspended the reciprocal tariffs for 90 days to give countries a chance to negotiate. Eventually, some of them did, caving to Trump's demands to pay what four months ago would have seemed unthinkably high tariffs for the privilege of continuing to sell into the vast American market. The United Kingdom agreed to 10% tariffs on its exports to the United States -- up from 1.3% before Trump amped up his trade war with the world. The U.S. demanded concessions even though it had run a trade surplus, not a deficit, with the UK for 19 straight years. The European Union and Japan accepted U.S. tariffs of 15%. Those are much higher than the low single-digit rates they paid last year -- but lower than the tariffs he was threatening (30% on the EU and 25% on Japan). Also cutting deals with Trump and agreeing to hefty tariffs were Pakistan, South Korea, Vietnam, Indonesia and the Philippines. Even countries that saw their tariffs lowered from April without reaching a deal are still paying much higher tariffs than before Trump took office. Angola's tariff, for instance, dropped to 15% from 32% in April, but in 2022 it was less than 1.5%. And while Trump administration cut Taiwan's tariff to 20% from 32% in April, the pain will still be felt. "20% from the beginning has not been our goal, we hope that in further negotiations we will get a more beneficial and more reasonable tax rate," Taiwan's president Lai Ching-te told reporters in Taipei Friday. Trump also agreed to reduce the tariff on the tiny southern African kingdom of Lesotho to 15% from the 50% he'd announced in April, but the damage may already have been done there. Bashing Brazil, clobbering Canada, shellacking the Swiss Countries that didn't knuckle under -- and those that found other ways to incur Trump's wrath -- got hit harder. Even some poorer countries were not spared. Laos' annual economic output comes to $2,100 per person and Algeria's $5,600 -- versus America's $75,000. Nonetheless, Laos got rocked with a 40% tariff and Algeria with a 30% levy. Trump slammed Brazil with a 50% import tax largely because he didn't like the way it was treating former Brazilian President Jair Bolsonaro, who is facing trial for trying to lose his electoral defeat in 2022. Never mind that the U.S. has exported more to Brazil than it's imported every year since 2007. Trump's decision to plaster a 35% tariff on longstanding U.S. ally Canada was partly designed to threaten Ottawa for saying it would recognize a Palestinian state. Trump is a staunch supporter of Israeli Prime Minister Benjamin Netanyahu. Switzerland was clobbered with a 39% import tax -- even higher than the 31% Trump originally announced on April 2. "The Swiss probably wish that they had camped in Washington'' to make a deal, said Wolff, now senior fellow at the Peterson Institute for International Economics. "They're clearly not at all happy.'' Fortunes may change if Trump's tariffs are upended in court. Five American businesses and 12 states are suing the president, arguing that his Liberation Day tariffs exceeded his authority under the 1977 law. In May, the U.S. Court of International Trade, a specialized court in New York, agreed and blocked the tariffs, although the government was allowed to continue collecting them while its appeal wend its way through the legal system, and may likely end up at the U.S. Supreme Court. In a hearing Thursday, the judges on the U.S. Court of Appeals for the Federal Circuit sounded skeptical about Trump's justifications for the tariffs. "If (the tariffs) get struck down, then maybe Brazil's a winner and not a loser,'' Appleton said. Paying more for knapsacks and video games Trump portrays his tariffs as a tax on foreign countries. But they are actually paid by import companies in the U.S. who try to pass along the cost to their customers via higher prices. True, tariffs can hurt other countries by forcing their exporters to cut prices and sacrifice profits -- or risk losing market share in the United States. But economists at Goldman Sachs estimate that overseas exporters have absorbed just one-fifth of the rising costs from tariffs, while Americans and U.S. businesses have picked up the most of the tab. Walmart, Procter & Gamble, Ford, Best Buy, Adidas, Nike, Mattel and Stanley Black & Decker, have all hiked prices due to U.S. tariffs "This is a consumption tax, so it disproportionately affects those who have lower incomes,'' Appleton said. "Sneakers, knapsacks ... your appliances are going to go up. Your TV and electronics are going to go up. Your video game devices, consoles are going to up because none of those are made in America.'' Trump's trade war has pushed the average U.S. tariff from 2.5% at the start of 2025 to 18.3% now, the highest since 1934, according to the Budget Lab at Yale University. And that will impose a $2,400 cost on the average household, the lab estimates. "The U.S. consumer's a big loser," Wolff said.
Yomiuri Shimbun
8 hours ago
- Yomiuri Shimbun
Residents of Akusekijima Island in Southwestern Japan Still Concerned About Earthquakes After Strong Tremors Hit 1 Month Ago
AKUSEKIJIMA ISLAND, Kagoshima — Sunday marked one month since strong earthquakes that reached lower 6 on the Japanese seismic intensity scale hit Akusekijima Island in Kagoshima Prefecture, and residents are still concerned that strong tremors may occur again. Several strong earthquakes with epicenters under the sea occurred near the Tokara Islands, which include Akusekijima Island. Akusekijima Island belongs to Toshima Village in the prefecture. Temblors have been occurring less frequently, and residents who evacuated the island have been returning home. However, the area along the island chain has also been rocked by numerous earthquakes in the past, and residents' fears about more quakes have not been eased. According to the Japan Meteorological Agency, earthquakes measuring at least 1 on the Japanese intensity scale — which has a maximum level of 7 — had occurred 2,241 times as of 5 p.m. on Saturday. I departed from Kagoshima Port and traveled on a ship for about 10 hours and 30 minutes and arrived at Akusekijima Island at 9:30 a.m. on Saturday. The slope of a mountain seen from the port had partially collapsed. I did not see any collapsed structures in residential areas, and there were no remarkable traces of the many earthquakes that had occurred. However, Shigehisa Nishi, 58, who runs a minshuku inn where I lodged, and his wife Keiko, 56, said that almost no guests have stayed at the inn and the revenue from their business since July has fallen about 90% from a year ago. Passersby were not seen on the roads in the local community nor were there any tourists. The village government offered economic assistance of ¥50,000 in cash per household for 155 people in a total of 79 households on Akusekijima and Kodakarajima islands. 'Although the cash aid is helpful, I'm anxious because we don't know how long the earthquakes will continue and whether tourists who lodge at our inn will return,' said Keiko. In the wake of the strongest quake which registered a lower 6 that occurred on July 3, a total of 71 residents from Akusekijima and Kodakarajima islands evacuated from the islands. They had stayed in hotels and other places in Kagoshima City and many have returned to the islands by Aug. 2.'The tremors were so violent that I feared electricity poles might fall down,' said Kazunori Arikawa, 73, who runs a minshuku inn, when describing the strongest temblor. He evacuated to Kagoshima City but returned to the island several times to land his fishing boat because a typhoon was predicted to be approaching. A number of earthquakes also hit the area in 2021 and 2023. Therefore, residents must be prepared for an emergency. When I visited a branch office of the village government on Akusekijima Island where a shelter is located, Yuki Matsushita, 36, the chief of the branch office, showed me the emergency supplies. They included canned and packed foods that could last for three days for residents and mats to sleep on. 'Some people become nervous when thinking about the earthquakes,' she said. 'Although the tremors are weak now, there hasn't been a day when zero quakes hit.' She is staying vigilant about more earthquakes occurring. Some people noted problems regarding evacuation to outside of the Akusekijima and Kodakarajima islands, a total of nine households keep 182 cattle. For farmers who cannot leave the islands because they have to take care of livestock, the Agriculture, Forestry and Fisheries Ministry decided to subsidize half the cost of evacuating animals from the islands and keeping them at evacuation sites. However, as of the end of July, no farmer on the islands had applied for the subsidy. 'If I move my cattle off this island, it will cause them stress, and the burden will be heavy,' said Kazuya Arikawa, 60, who keeps 55 cattle on Akusekijima Island. 'Transporting them is the last option.
