Oct 31, 2013

Glory days fade from memory at Japan's ailing electronics firms

Japan’s top electronics firms on Thursday reported mixed earnings, with Sony slashing its full-year profit outlook while hard-hit Panasonic turned in strong earnings and boosted its annual forecast. The firms have undergone painful restructuring to stem years of losses as they struggle to keep ...

Oct 28, 2013

Mining slump pinches 26% off Komatsu profits

Komatsu Ltd., the world’s second-largest maker of construction equipment, cut its full-year profit forecast by 26 percent Monday after its commodity producing customers curtailed spending on new equipment. Net income is estimated at ¥136 billion in the 12 months ending March 31, down from ...

Oct 21, 2013

Mega-banks' net profits slated to reach highest since Lehman collapse

Japan’s three biggest banks are expected to log their highest combined net profit in the April-September quarter since the so-called Lehman shock of 2008, market sources said. The uptick is being credited to better stockholding appraisals and investment trust sales. According to the sources, ...

Major firms' first-quarter earnings twice year-ago level

Aug 12, 2013

Major firms' first-quarter earnings twice year-ago level

The country’s top listed companies doubled earnings last quarter from a year earlier, exceeding already high forecasts and generating momentum for the economic recovery effort of Prime Minister Shinzo Abe. With almost all of the Nikkei 225 stock average companies reporting, profit surged 103 ...

Aug 3, 2013

Japanese firms post sharp profit rises

Companies listed on the Tokyo Stock Exchange posted sharp net profit increases for the April-June quarter, largely due to the weakening of the yen and stock gains resulting in part from Prime Minister Shinzo Abe’s credit-easing policies, according to SMBC Nikko Securities Inc. A ...

Aug 2, 2013

Toyota ups profit forecast on yen fall

Toyota Motor Corp., Asia’s biggest carmaker, on Friday raised its full-year profit forecast by 8 percent, as the weaker yen bolsters the value of Japanese cars sold overseas. Net income in the year ending next March will probably climb to a six-year high of ...

Sony rides weak yen to beat profit estimates

Aug 1, 2013

Sony rides weak yen to beat profit estimates

Sony Corp., considering Daniel Loeb’s push for a partial sale of its entertainment assets, said Thursday it posted first-quarter earnings that beat estimates after cutting costs, introducing new smartphones and benefiting from a weaker yen. Net income totaled ¥3.48 billion in the three months ...

Jul 31, 2013

Tepco logs ¥437.9 billion April-June net profit

Tokyo Electric Power Co. reported Wednesday a group net profit of ¥437.93 billion for the April-June quarter, but fuel costs for thermal power generation to make up for the loss of atomic energy due to the Fukushima No. 1 nuclear plant catastrophe that started ...

May 14, 2013

JGC vaults Africa siege to log profit

Yokohama-based JGC Corp., which lost 10 employees during the Algerian hostage siege earlier this year, reported bumper profits Monday. The 10 Japanese workers, hired directly or indirectly by JGC Corp., including former Vice President Tadanori Aratani, were killed by heavily armed militants who overran ...