Business Topics

Sharp sales edge up 1.9% in first quarter

Aug 1, 2014

Sharp sales edge up 1.9% in first quarter

by Kazuaki Nagata

Sharp Corp. said Friday that sales and operating profit in the first quarter rose from the same period a year ago, thanks to continued streamlining and steady sales of LCD-related products that contributed toward its recovery. But due to special costs, including ¥14.3 billion ...

Benesse cancels earnings forecast

Aug 1, 2014

Benesse cancels earnings forecast

Benesse Holdings Inc. has withdrawn its earnings forecast for the year because it can’t determine how the theft of its customer data will impact its correspondence education subsidiary. The company said Thursday it booked ¥26 billion as a special loss for the April-June quarter ...

Aug 1, 2014

Electronics giants clawing their way back to profitability

Sony and Panasonic on Thursday posted quarterly profits as the pair try to put years of losses behind them, but analysts warned that they still have a lot of work to do to overhaul their bloated businesses. Japan’s electronics sector has been battered by ...

Skymark fears doom over Airbus A380 cancellation penalty

Aug 1, 2014

Skymark fears doom over Airbus A380 cancellation penalty

Skymark Airlines Inc., Japan’s third-largest carrier, said it’s at risk of going out of business should it have to pay Airbus Group NV a penalty after the planned purchase of six A380 superjumbos fell through. There is “material uncertainty” over whether the company will ...

Jul 31, 2014

Panasonic's revamp efforts continue to pay dividends

Panasonic Corp. said Thursday that its operating profit grew in the April-June quarter on the back of efforts to restructure by shifting focus to industrial markets instead of less profitable consumer products. The electronics giant said group operating profit rose 28.2 percent to ¥82.29 ...

Hokkaido Electric applies for additional 17% rate hike

Jul 31, 2014

Hokkaido Electric applies for additional 17% rate hike

Hokkaido Electric Power Co. on Thursday became the first utility to seek its second rate hike since March 2011, applying for permission to charge households around 17 percent more starting this fall. In its application to the Ministry of Economy, Trade and Industry, the ...

Mitsubishi UFJ profit falls less than estimated on lending, fees

Jul 31, 2014

Mitsubishi UFJ profit falls less than estimated on lending, fees

Mitsubishi UFJ Financial Group Inc., the nation’s biggest bank, reported Thursday a smaller-than-estimated decline in first-quarter profit as lending income and fees rose, shrugging off an equity-market slowdown. Net income fell 5.8 percent from a year earlier to ¥240.5 billion in the three months ...