Nov 5, 2014

Toyota raises forecast on profit jump, weak yen

Toyota raised its annual earnings forecast after posting a 23 percent jump in quarterly profit Wednesday as a favorable exchange rate added to momentum in its sales growth. Toyota Motor Corp.’s fiscal second quarter profit was a better than expected ¥539 billion, up from ...

Nov 5, 2014

Nissan reports 25% rise in first-half net profit

Nissan Motor Co. has reported robust growth in its group net profit for the fiscal first half and is maintaining its full-year profit forecast despite lowering its projection for global sales on weaker performance in China. Nissan, Japan’s second-largest carmaker by volume, posted on ...

SoftBank's quarterly profit up despite Sprint woes

Nov 5, 2014

SoftBank's quarterly profit up despite Sprint woes

SoftBank’s quarterly profit nearly tripled as gains from the IPO of Chinese e-commerce company Alibaba offset losses at U.S. mobile carrier Sprint. The telecommunications and Internet-services company reported Tuesday a fiscal second quarter profit of ¥483.1 billion, up from ¥165.8 billion a year earlier. ...

Oct 31, 2014

Sony posts wider first-half net loss on mobile phone slump

As its struggling mobile phone business bit into the bottom line, Sony Corp. on Friday reported a wider first-half group net loss of ¥109.1 billion. The loss posted for the first six months ending in September dwarfs the ¥16.5 billion loss logged in the ...

Sharp logs half-year net profit, first in four years

Oct 31, 2014

Sharp logs half-year net profit, first in four years

Sharp Corp. on Friday reported a group net profit of ¥4.74 billion in the April-September half, returning to the black on a half-year basis for the first time in four years as gains on securities sales helped offset the costs of restructuring its unprofitable ...

Oct 31, 2014

Wall St. up on GDP, earnings; fund yearend lifts winners

U.S. stocks rose on Thursday, boosted by a strong reading on quarterly economic growth and by another round of upbeat earnings reports, including Visa, which accounted for nearly 140 points in the Dow industrials. Despite the bullish data and the Federal Reserve’s Wednesday statement ...

Nomura sees four years of overseas losses nearing an end

Oct 29, 2014

Nomura sees four years of overseas losses nearing an end

Nomura Holdings Inc. says its four years of losing money abroad may soon be over as it rebuilds businesses outside of Japan after cutting costs. Japan’s biggest brokerage is on track to achieve its goal of becoming profitable in Asia, Europe and the United ...

Oct 28, 2014

Toyota likely to post record half-year profit

Toyota Motor Corp. is likely to post a record group operating profit in the April-September period, buoyed by brisk overseas sales and effects of the weak yen, according to sources familiar with the matter. Market participants expect the automaker to post an operating profit ...