Dec 22, 2015

Moody's lowers Toshiba's credit rating two levels to junk status

Toshiba Corp.’s long-term senior bond rating has been cut two levels by Moody’s Investors Service to Ba2, its second-highest junk rating, from Baa3. Moody’s also downgraded the short-term rating of the electronics company, the ratings agency said in a statement Tuesday. “We expect that ...

Nov 12, 2015

McDonald's Japan logs record nine-month net loss

McDonald’s Holdings Co. (Japan) on Wednesday reported a group net loss of ¥29.28 billion for January-September, the worst result for the nine-month period since its stock listing in 2001. Attributed in part to a series of incidents involving inedible items found in its food, ...

Nov 5, 2015

Toyota six-month net profit jumps to ¥1.3 trillion

Toyota on Thursday reported a half-year jump in profits even as car sales declined in most regions, as it moves to cut costs and squeeze more productivity out of its plants worldwide. The world’s top automaker said its net profit rose nearly 12 percent ...

Nov 4, 2015

Japan Tobacco cuts 2015 operating profit forecast by 17%

Japan Tobacco Inc., which is paying $5 billion for rights to sell Natural American Spirit cigarettes outside the U.S., lowered its annual operating profit target by 17 percent. Operating income will probably be ¥554 billion ($4.6 billion) for the year through December, compared with ...

Nov 4, 2015

Hospital finances need surgery as losses nearly double

Hospitals incurred average losses of ¥117.78 million in fiscal 2014, nearly double the average ¥61.91 million loss in the previous year, a health ministry survey showed Wednesday. Private hospitals mostly posted a profit, but national and other public hospitals were in the red. The ...