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. ...

Feb 4, 2016

Mitsui slashes profit forecast 21% amid rout in commodities

Mitsui & Co., the nation’s second-biggest trading house, has lowered its full-year forecast 21 percent amid a collapse in commodity prices. The company expects a profit of ¥190 billion in the financial year to March, down from its previous forecast of ¥240 billion, according ...

Feb 3, 2016

Panasonic cuts full-year earnings outlook amid China slowdown

Panasonic Corp. cut on Wednesday its full-year earnings forecasts, hit by the slowing of the Chinese economy and other emerging markets. For the year through March 31, Panasonic now expects an operating profit of ¥410 billion ($3.4 billion), compared with ¥430 billion projected earlier, ...