May 22, 2015

Toshiba expands probe into accounting irregularities in several projects

Toshiba Corp. said Friday it will expand the scope of an independent investigation into the its accounting practices. The probe will cover Toshiba’s television, personal computer and semiconductor operations, in addition to its infrastructure business. Toshiba launched an independent investigation panel on May 15, ...

Nintendo logs first operating profit in four years

May 7, 2015

Nintendo logs first operating profit in four years

Nintendo Co. posted a group operating profit of ¥24.77 billion on Thursday for the business year that ended March 31 — its first operating profit in four years — helped by robust sales of its Wii U home game console and software abroad. The ...

Apr 28, 2015

Tepco returns to profit amid lower global energy prices

Tokyo Electric Power Co. returned to profit in the fourth quarter, as lower energy prices helped offset a weaker yen and one-off gains boosted net income. Tepco, the country’s biggest power utility, posted operating profit of ¥17.3 billion ($145 million) in the three months ...

Apr 22, 2015

Sony beats estimates as Hirai revamp fuels earnings growth

Sony Corp. raised its profit forecast for the second time since February as Chief Executive Officer Kazuo Hirai’s revamp stokes earnings from games and financial services. Operating income more than doubled to ¥68 billion ($569 million) in the year ended March, the company reported ...

Mar 25, 2015

Trader Sumitomo braces for worst losses since 1997

Sumitomo Corp. said it expects an annual loss of ¥85 billion ($711 million), more than four times the number forecast by analysts, after the trading house posted additional write-downs on its resources investments. The drop in energy and commodity prices means Sumitomo will need ...

For businesses, more women in charge means bigger profits

Mar 24, 2015

For businesses, more women in charge means bigger profits

When Rohini Anand took over diversity programs at multinational catering company Sodexo in 2002, she had one goal: To prove that it pays for a company to have equal numbers of male and female managers. Sodexo, which has 419,000 employees in 80 countries, says ...

Black ink flows for three breweries

Feb 18, 2014

Black ink flows for three breweries

Three of Japan’s four major brewers reported year-on-year increases in consolidated operating profits in 2013, according to their financial statements released by Monday. Suntory Holdings Ltd. and Asahi Group Holdings Co. marked record sales, operating profits and net profits thanks to brisk sales of ...

MMC's net profit surges to record ¥88 billion

Feb 5, 2014

MMC's net profit surges to record ¥88 billion

Mitsubishi Motors Corp. said Wednesday its group net profit for the April-December period soared fivefold from a year earlier to a record ¥88.41 billion, driven by the yen’s depreciation despite a decline in sales in Thailand. Its operating profit grew 135.4 percent to ¥96.30 ...

Feb 5, 2014

Mazda ups group profit forecast to record ¥110 billion

Mazda Motor Corp. on Wednesday raised its projected group net profit for the business year to a record ¥110 billion, up from an earlier forecast of ¥100 billion, citing benefits from the yen’s depreciation and robust sales of vehicles equipped with its Skyactiv fuel-efficient ...

Mitsubishi Estate profit up 73% on home sales

Feb 5, 2014

Mitsubishi Estate profit up 73% on home sales

Mitsubishi Estate Co. said Wednesday its nine-month net income rose 73 percent as profit margins of its residential business improved. Net income came to ¥58.5 billion for the nine months that ended Dec. 31 from ¥33.9 billion a year earlier, Japan’s biggest developer by ...