Aug 11, 2015

Dai-ichi becomes Japan's most profitable life insurer

Dai-ichi Life Insurance Co.’s core business profit in April-June jumped 56.8 percent from a year earlier to ¥160.5 billion. It ranked top in the nation’s life insurance industry also in terms of revenue from premiums. Core profit at Nippon Life Insurance Co., which had ...

Aug 5, 2015

Corporate earnings in Japan outshine rest of Asia amid weak yen

Japan is emerging as the star of Asia’s latest earnings season, with most companies reporting higher-than-expected profit growth as businesses continue to benefit from Prime Minister Shinzo Abe’s economic policies. Earnings per share, excluding some items, at 159 companies on Japan’s Topix index have ...

Aug 4, 2015

Major Japanese firms post robust profit growth in April-June

Major Japanese firms posted robust year-on-year profit rises in the April-June quarter due to the yen’s decline, an oil price plunge and fading adverse effects of the consumption tax hike in April 2014, according to data compiled by a major brokerage. The combined pretax ...

Jul 31, 2015

Sharp logged group net loss in April-June for fifth straight year

Sharp Corp. said Friday it remained in the red in the April-June period for the fifth straight year with a net loss of ¥33.98 billion due to sluggish sales of liquid crystal displays for smartphones. The Osaka-based electronics maker quickly announced additional restructuring steps, ...

Jul 30, 2015

Fujitsu plunges into the red as PC sales fall

Fujitsu on Thursday warned that it plunged into the red in the April-June period on sluggish sales of personal computers and network equipment but said it will still meet its full-year profit target. The sprawling IT conglomerate fell into a ¥27.3 billion operating loss ...

Jul 29, 2015

Nissan group net profit hits record ¥152.8 billion in April-June

Nissan Motor Corp. reported Wednesday a record group net profit of ¥152.8 billion for the April-June quarter, up 36.3 percent from a year earlier, reflecting strong sales in North America and Europe and the weak yen. Nissan’s consolidated operating profit rose 58 percent to ...

Jul 29, 2015

Tepco's quarterly profit triples as fuel prices plunge

Tokyo Electric Power Co., operator of the wrecked Fukushima No. 1 nuclear plant, said its first-quarter operating profit tripled as a drop in fuel prices helped cut costs. Tepco, as Japan’s biggest utility is known, posted an operating profit of ¥228.3 billion ($1.85 billion) ...