Five of Japan's major automakers report record profits

Feb 10, 2015

Five of Japan's major automakers report record profits

Five of the nation’s seven major automakers posted record group operating profits in April-December, thanks chiefly to strong sales in North America and improvements in profitability from overseas operations amid the yen’s weakening. Toyota Motor Corp., Fuji Heavy Industries Ltd., Mazda Motor Corp., Suzuki ...

McDonald's Japan posts ¥22 billion loss after food woes

Feb 5, 2015

McDonald's Japan posts ¥22 billion loss after food woes

McDonald’s Corp.’s Japan affiliate reported its first full-year loss in 11 years as the fast-food chain faced fallout from food scandals and after labor disputes at U.S. ports forced it to ration french fries. The net loss for 2014 was ¥21.8 billion ($186 million), ...

Feb 4, 2015

Sony cuts full-year net loss forecast to $1.4 billion

Sony on Wednesday cut its full-year loss forecast by more than a quarter to ¥170 billion, thanks to a weak yen and improving smartphone sales. But it warned of further job cuts as part of its sweeping corporate overhaul. The revised number for the ...

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. ...