Feb 4, 2014

Panasonic profit beats analyst estimates

Panasonic Corp. posted third-quarter profit that beat analysts’ estimates as the television maker stops making plasma sets to speed up reforms and recover from back-to-back annual losses. Net income rose 20 percent to ¥73.7 billion in the three months that ended Dec. 31, the ...

Feb 4, 2014

Sharp logs April-December profit

Sharp Corp. said Tuesday it swung back to profit for the nine months to December, thanks to stronger sales and cost-cutting. The Osaka-based company booked a ¥17.7 billion net profit in the April-December period, reversing a whopping net loss of ¥424.3 billion a year ...

Feb 4, 2014

Banks' record earnings mask actual profit prospects

The nation’s biggest banks, poised to achieve record annual earnings after last year’s stock market surge, may still disappoint investors as the equity rally fades, leaving them reliant on a lending recovery for profit. Net income at Mitsubishi UFJ Financial Group Inc., Sumitomo Mitsui ...

Jan 31, 2014

Docomo starts to reap benefits from iPhone

by Kazuaki Nagata

NTT Docomo Inc. has strengthened its competitiveness since it began selling popular Apple iPhones in September, President Kaoru Kato said Friday. “We are starting to see iPhones’ impact on our numbers,” Kato said at a news conference in Tokyo where Docomo, which has the ...

Toyota looks to log record group operating profit

Jan 30, 2014

Toyota looks to log record group operating profit

Toyota Motor Corp. is expected to log a record operating profit for the current business year through March aided by the yen’s fall, which boosts export competitiveness, sources said. The auto giant’s full-year operating profit is likely to reach ¥2.40 trillion or ¥2.50 trillion, ...

Toshiba net profit down 29% on tax payments

Jan 30, 2014

Toshiba net profit down 29% on tax payments

Toshiba Corp. said Thursday its group net profit dropped 29.1 percent in the April to December period from a year earlier to ¥38.68 billion on increased tax payments, though sales expanded on robust demand for electric components. The major electrical machinery maker said its ...

Nov 28, 2013

Core profits surge at top four life insurers in April-September

Core profits surged for the top four life insurance companies in the April-September period as the weaker yen boosted interest returns from foreign bonds, according to results released this week. Core profit — the total of premium revenue and returns on invested premiums, minus ...