Convenience store chains struggled in March-May period

Jul 12, 2016

Convenience store chains struggled in March-May period

The three major convenience store operators struggled with low profitability in March to May despite record-high sales. Sales for industry leader Seven-Eleven Japan Co., a core unit of Seven & I Holdings Co., grew 5.4 percent from a year before to ¥1.1 trillion after ...

Mobile carriers stream to higher profits

May 13, 2016

Mobile carriers stream to higher profits

Japan’s top three mobile carriers NTT Docomo Inc., KDDI Corp. and SoftBank Group Corp. posted higher operating profits in fiscal 2015, thanks in part to greater use of data streaming on smartphones. NTT Docomo saw operating profit rise 22.5 percent to ¥783 billion, the ...

Apr 28, 2016

Surge in foreign visitors boosts profits of ANA, JAL in fiscal 2015

Robust demand from foreign travelers to Japan boosted profits of the country’s two major airlines in fiscal 2015, according to their earnings reports released Thursday. ANA Holdings Inc. reported a record group net profit of ¥78.17 billion ($723 million) for the year through March ...

Apr 27, 2016

Nintendo's net profit drops 61% in FY 2015 as stronger yen bites

Nintendo Co. said Wednesday its group net profit fell 60.6 percent in the 2015 business year ended last month to ¥16.51 billion ($139.5 million), bruised by the yen’s appreciation against major currencies and languid portable game sales. With nearly three-quarters of the video game ...

Apr 27, 2016

Toshiba reduces projected loss for 2015 business year

Toshiba Corp. has said it plans to book an asset impairment loss of around ¥260 billion in its results for the year to March 31 by writing down the value of its U.S. nuclear power subsidiary Westinghouse Electric Co., which it acquired in 2006. ...

Apr 7, 2016

Uniqlo operator logs first-half net profit slump

Fast Retailing Co., the operator of Uniqlo clothing stores, said Thursday that its group net profit in September-February plunged 55.1 percent from a year before to ¥47.04 billion, the first drop in five years on a first-half basis. The drop chiefly reflected sluggish performances ...

Mar 31, 2016

Panasonic drops ¥10 trillion sales target in fiscal 2018

Panasonic Corp. on Thursday dropped its goal of achieving ¥10 trillion in sales in fiscal 2018 as the electronics-maker struggles to build momentum for sustainable growth after restructuring. After a review of its business strategy, Panasonic is now aiming at ¥8.8 trillion in the ...