Top firms’ sales rise 8%, profits up 43%

JIJI

Combined group sales at major Japanese nonfinancial firms in April-June rose 8 percent from a year before, producing 42.9 percent growth in pretax profit, a Jiji Press poll revealed Thursday.

The firms project a 27.5 percent increase in pretax profit for the full fiscal year to next March, up from the 25.8 percent rise estimated in May. First-quarter profit accounted for 24.4 percent of the full-year estimate.

The survey covered 1,198 companies listed on the first section of the Tokyo Stock Exchange that close their books in March. They include companies newly listed on the TSE as a result of the integration of the Osaka Securities Exchange’s cash equity market into that of the TSE last month.