Apr 28, 2016

Surge in foreign visitors boosts profits of ANA, JAL in fiscal 2015

Robust demand from foreign travelers to Japan boosted profits of the country’s two major airlines in fiscal 2015, according to their earnings reports released Thursday. ANA Holdings Inc. reported a record group net profit of ¥78.17 billion ($723 million) for the year through March ...

Apr 27, 2016

Nintendo's net profit drops 61% in FY 2015 as stronger yen bites

Nintendo Co. said Wednesday its group net profit fell 60.6 percent in the 2015 business year ended last month to ¥16.51 billion ($139.5 million), bruised by the yen’s appreciation against major currencies and languid portable game sales. With nearly three-quarters of the video game ...

Apr 27, 2016

Toshiba reduces projected loss for 2015 business year

Toshiba Corp. has said it plans to book an asset impairment loss of around ¥260 billion in its results for the year to March 31 by writing down the value of its U.S. nuclear power subsidiary Westinghouse Electric Co., which it acquired in 2006. ...

Apr 7, 2016

Uniqlo operator logs first-half net profit slump

Fast Retailing Co., the operator of Uniqlo clothing stores, said Thursday that its group net profit in September-February plunged 55.1 percent from a year before to ¥47.04 billion, the first drop in five years on a first-half basis. The drop chiefly reflected sluggish performances ...

Mar 31, 2016

Panasonic drops ¥10 trillion sales target in fiscal 2018

Panasonic Corp. on Thursday dropped its goal of achieving ¥10 trillion in sales in fiscal 2018 as the electronics-maker struggles to build momentum for sustainable growth after restructuring. After a review of its business strategy, Panasonic is now aiming at ¥8.8 trillion in the ...

Toshiba sees finances improving after narrowing its business

Mar 18, 2016

Toshiba sees finances improving after narrowing its business

Toshiba Corp. said its profitability will improve in the next fiscal year as it scales back on products such as personal computers and home appliances. Operating profit will be ¥120 billion ($1.1 billion) and revenue ¥4.9 trillion in fiscal 2016, the electronics maker said ...

Mar 15, 2016

Scandal-hit Toshiba discloses additional profit padding from 2010

Toshiba Corp. said Tuesday it had overstated profits by ¥5.8 billion from fiscal 2010, an additional finding in a massive accounting scandal that has forced the company to restructure its businesses. Toshiba also said it will release its business plan for fiscal 2016 starting ...