Nov 9, 2016

Japan's seven top carmakers see April-September sales sag amid high yen

Japan’s seven major automakers logged drops in group sales in April-September, reflecting the yen’s appreciation, their latest earnings data have showed. Toyota Motor Corp., Mazda Motor Corp. and Fuji Heavy Industries Ltd., which rely on exports more heavily than others, posted operating profit declines ...

Nov 1, 2016

Sony sees fall in net profit in 2016 on stronger yen

Sony Corp. on Tuesday reported a 78 percent year-on-year fall in its group net profit to ¥26.01 billion in the April to September period, weighed down by a stronger yen and sluggish semiconductor operations. The mammoth electronics maker said its operating profit for the ...

Panasonic cuts 2016 earnings forecast on strong yen

Oct 31, 2016

Panasonic cuts 2016 earnings forecast on strong yen

Panasonic Corp. has lowered its full-year group earnings forecast for the current business year through next March, citing factors such as a stronger yen and a slump in solar business. For fiscal 2016, the Osaka-based electronics maker said Monday it now expects an operating ...

Oct 31, 2016

Honda upgrades profit forecast as SUVs lead surge in China sales

Honda Motor Co. raised its forecast for full-year profit as demand for Vezel and XR-V sport utility models surged in China, the carmaker’s second-largest market. Net income will probably rise to ¥415 billion in the fiscal year ending March, more than the ¥390 billion ...

Oct 26, 2016

Canon revises down full-year earnings forecast due to higher yen

Canon Inc. on Wednesday revised downward its full-year group earnings forecast for this year, citing the persistent higher yen and sluggish sales in emerging economies. In the year ending Dec. 31, the maker of printers, photocopiers and cameras expects a group net profit of ...

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 ...