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 ...

Feb 15, 2016

Toyo Tire profit shaken down over building quake pads scandal

Toyo Tire & Rubber Co. group net profit plummeted 94.6 percent to ¥1.67 billion for 2015 after a massive special loss from its data falsification scandal clobbered profits, the company said Monday. Consolidated operating profit meanwhile grew 33.4 percent to ¥63.38 billion on sales ...

Strong yen is a brake on Japanese carmakers' profits

Feb 15, 2016

Strong yen is a brake on Japanese carmakers' profits

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Japanese automakers may have run out of the fuel that has driven profits higher for the past four years: the weaker yen. Toyota Motor Corp. and Japan’s six other automakers may combine to earn ¥4.55 trillion in the fiscal year through March 2017, according ...

Feb 10, 2016

SoftBank profit down 88% amid Sprint struggle

SoftBank Group Corp., which is struggling to turn around its U.S. wireless carrier Sprint Corp., posted an 88 percent drop in third quarter profit. Net income fell to ¥2.3 billion ($20 million) in the three months ended Dec. 31, from ¥18.7 billion a year ...

Feb 9, 2016

McDonald's Japan suffers record annual net loss

McDonald’s Holdings Co. (Japan) said it suffered a group net loss of ¥34.704 billion in the business year that ended in December, due chiefly to food safety problems. The figure was worse than the preceding year’s net loss of ¥21.843 billion, the fast-food company ...

Feb 9, 2016

McDonald's Japan logged ¥34.70 billion loss in 2015

McDonald’s Holdings Co. (Japan) reported Tuesday a group net loss of ¥34.70 billion for 2015, the largest loss since it listed in Japan in 2001. It marked the second straight year of loss, hurt by slumping sales and the costs of closing loss-making restaurants. ...