Aug 12, 2016

First-quarter profit fell by 16% for major Japan firms

Major nonfinancial companies saw year-on-year profits fall by 15.9 percent in the first quarter, thanks largely to the pricey yen, data show. Combined sales shrank 5.9 percent, according to the tally for April to June. The figures cover the 1,219 firms listed on the ...

Aug 12, 2016

Hon Hai profit drops a third straight quarter on phone slowdown

Hon Hai Precision Industry Co.’s profit fell for a third straight quarter, reflecting the impact of a global slowdown in demand for smartphones. Net income dropped 31 percent to New Taiwan dollars 17.7 billion ($565 million) in the three months ended June, according to ...

McDonald's Japan returned to profitability in January-June half

Aug 9, 2016

McDonald's Japan returned to profitability in January-June half

McDonald’s Holdings Co. (Japan) is reporting a group net profit of ¥158 million for the January-June half, returning to profitability after years of slumping sales triggered by food safety scandals. The Japanese unit of the global fast-food chain posted a group operating profit of ...

Jul 27, 2016

Nissan profit declines 11% on stronger yen, Japan deliveries

Nissan Motor Co. posted a 11 percent drop in quarterly profit as a stronger yen eroded overseas earnings and domestic sales of minicars supplied by Mitsubishi Motors Corp. slumped after a mileage scandal. Net income in the quarter through June declined to ¥136.4 billion ...

Jul 27, 2016

Line posts a profit in its first report card since global IPO

Line Corp. posted a profit in its first earnings report since ushering in the year’s biggest technology debut, as monthly active users rose to 220 million. Japan’s largest mobile messaging service announced ¥2.56 billion ($24.3 million) of net income in the six months through ...

Convenience store chains struggled in March-May period

Jul 12, 2016

Convenience store chains struggled in March-May period

The three major convenience store operators struggled with low profitability in March to May despite record-high sales. Sales for industry leader Seven-Eleven Japan Co., a core unit of Seven & I Holdings Co., grew 5.4 percent from a year before to ¥1.1 trillion after ...

Mobile carriers stream to higher profits

May 13, 2016

Mobile carriers stream to higher profits

Japan’s top three mobile carriers NTT Docomo Inc., KDDI Corp. and SoftBank Group Corp. posted higher operating profits in fiscal 2015, thanks in part to greater use of data streaming on smartphones. NTT Docomo saw operating profit rise 22.5 percent to ¥783 billion, the ...