McDonald's Japan bounces back with ¥5.37 billion profit for 2016

Feb 9, 2017

McDonald's Japan bounces back with ¥5.37 billion profit for 2016

McDonald’s Holdings Co. (Japan) on Thursday reported a ¥5.37 billion ($48 million) group net profit for 2016, returning to profitability after years of slumping sales triggered by food safety scandals. The profit is a sharp turnaround from its ¥34.95 billion net loss last year, ...

Weak yen helps Panasonic raise 2016 profit forecasts

Feb 3, 2017

Weak yen helps Panasonic raise 2016 profit forecasts

Panasonic Corp. said Thursday it has raised its full-year group earnings forecasts for the current business year through March, citing a weaker-than-expected yen. The Japanese electronics maker is now expecting a group net profit of ¥130 billion ($1.1 billion) in fiscal 2016, compared with ...

Jan 31, 2017

Canon CFO says investing in Toshiba's chip business 'difficult'

Canon Inc. views it as difficult to invest in Toshiba Corp.’s flash memory business because the company already has a number of investment projects going on and sees little time left to assess its property, Canon Chief Financial Officer Toshizo Tanaka said Tuesday. Speaking ...

Nintendo's third quarter profit jumps on Pokemon game sales

Jan 31, 2017

Nintendo's third quarter profit jumps on Pokemon game sales

Nintendo Co.’s third-quarter profit more than doubled from a year earlier on healthy sales of Pokemon game software, the company said Tuesday. Nintendo, which makes Super Mario games and will start selling the Switch console March 3, reported a better-than-expected October-December profit of ¥64.7 ...

Line declines after quarterly profit, sales miss estimates

Jan 26, 2017

Line declines after quarterly profit, sales miss estimates

Line Corp. posted its biggest drop yet as analysts cut ratings after fourth-quarter profit and revenue that missed estimates. The stock finished more than 10 percent lower at ¥3,755 in Tokyo on Thursday, the steepest decline since listing in July. Line’s operating profit of ...

Uniqlo quarterly profit up 45 percent after refocus

Jan 12, 2017

Uniqlo quarterly profit up 45 percent after refocus

As it refocused on a strategy aimed at luring thrifty shoppers, Uniqlo’s parent company said Thursday that quarterly net profit jumped by almost half from a year ago. Fast Retailing’s net profit rose 45 percent to ¥70 billion in the fiscal first quarter to ...

Toshiba profit triples on asset sales

Nov 11, 2016

Toshiba profit triples on asset sales

Toshiba Corp. said Friday its half-year profit tripled, owing to cost reductions and the sale of its home appliances business, providing a boost to the firm as it tries to turn the page on an embarrassing accounting scandal. The vast conglomerate posted an April-September ...

Clouds lifting for Japan's banks as negative rates stay put

Aug 2, 2016

Clouds lifting for Japan's banks as negative rates stay put

The Bank of Japan’s decision not to drag interest rates further below zero provides relief for the nation’s banks after shrinking lending profits crimped first-quarter earnings. Combined net income at Mitsubishi UFJ Financial Group Inc. and its two mega-bank peers fell 28 percent from ...