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/ May 10, 2017

Recall woes put Takata in red for third straight year

Struggling air bag maker Takata Corp. reported Wednesday a group net loss of ¥79.59 billion ($698.88 million) for the business year that ended March 31 — its third straight year in the red — against a backdrop of recall-related costs. The auto parts maker ...

/ May 10, 2017

All seven top Japanese trading firms enjoy strong earnings

Powered by higher prices in natural resources such as coal and iron ore, all seven major domestic trading houses enjoyed strong group net profits in fiscal 2016, which ended in March, recently disclosed financial statements have shown. Mitsubishi Corp. and Mitsui & Co. regained ...

Shoko Chukin Bank reprimanded over shady loans

/ May 10, 2017

Shoko Chukin Bank reprimanded over shady loans

The government on Tuesday issued a business improvement order to Shoko Chukin Bank, a government-linked lender for small and medium-size firms, found to have extended shady loans and falsified documents related to a state-backed program to help crisis-hit companies. The Ministry of Economy, Trade ...

Toshiba considering releasing unaudited full-year earnings

/ May 8, 2017

Toshiba considering releasing unaudited full-year earnings

Toshiba Corp. is considering releasing unaudited full-year earnings results on the May 22 deadline despite having no clear prospects of approval from its auditor, according to sources close to the matter. PricewaterhouseCoopers Aarata LLC continues to disagree with Toshiba over losses related to its ...