Jan 29, 2015

Nomura surprises with profit surge on banking, asset management

Upending analysts’ estimates for a decline, Nomura Holdings Inc.’s third-quarter profit surged unexpectedly, led by fees from investment banking and asset management. Net income climbed 45 percent to ¥70 billion for the three months ended Dec. 31 from ¥48.3 billion a year earlier, Japan’s ...

McDonald's chief pays price for fast-food giant's mounting woes

Jan 29, 2015

McDonald's chief pays price for fast-food giant's mounting woes

Fast-food giant McDonald’s replaced President and Chief Executive Officer Donald Thompson on Wednesday, after the company turned in another poor quarter of sales and earnings last week. The firm behind the world-famous Big Mac had been under pressure from investors to take swift action ...

Jan 23, 2015

Sony's third-quarter results delayed by November cyberattack

Sony Corp. said Friday that it won’t be able to issue its financial results for the October-December quarter because of the damage caused by last year’s massive cyberattack on movie studio Sony Pictures Entertainment Inc. Sony nonetheless plans to update shareholders and others on ...

Dec 17, 2014

Tepco's net income set to rise 19%

Tokyo Electric Power Co. said net income will rise 19 percent this fiscal year and that it will put off an increase in electricity rates in favor of more cost cuts. The country’s biggest electricity utility is projecting net income of ¥521 billion ($4.4 ...

Nov 29, 2014

Asahi Shimbun profit dives 50%

Asahi Shimbun Co. said consolidated operating profit fell 50.5 percent from a year earlier to ¥3.1 billion during the first half, marking two consecutive declines. In addition to sluggish newspaper sales affected partly by story retractions related to the “comfort women” issue and an ...

Nov 7, 2014

NTT cuts profit forecast on slack cellphone business

Nippon Telegraph and Telephone Corp. said on Friday its group net profit dropped 10.3 percent to ¥290.33 billion in the first half of the fiscal year through September, compared to the same period a year earlier, dragged down by the slack mobile phone business. ...

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. ...