Japan Inc. doubles profit on quick cost-cutting moves

Nov 18, 2013

Japan Inc. doubles profit on quick cost-cutting moves

by Anna Mukai

Companies that made tough decisions about exiting businesses, closing factories and revamping management led to a doubling of corporate earnings last quarter, now at the highest level since 2007. Net income jumped to about ¥5.5 trillion at more than 1,280 of the largest listed ...

Steel makers up cost-cutting as demand tails off

Jul 9, 2013

Steel makers up cost-cutting as demand tails off

Major Japanese steel makers are stepping up their cost-cutting, amid stalled growth in domestic demand and intensifying international competition. Nippon Steel & Sumitomo Metal Corp. plans to close one of the three blast furnaces at its ironworks in Kimitsu, Chiba Prefecture, by fiscal 2015. ...