Aug 7, 2015

Sumitomo Metal Mining cuts profit target as China demand slows

Sumitomo Metal Mining Co., the largest domestic nickel producer, cut its first-half profit forecast as China’s slower demand weakens commodity prices more than anticipated, the company said in a statement Friday. Net income is expected to fall to ¥45 billion for the six months ...

Sony's April-June profits more than triple to ¥82.4 billion

Jul 30, 2015

Sony's April-June profits more than triple to ¥82.4 billion

Sony said Thursday its April-to-June net profit more than tripled as video games and smartphone component sales got a lift, with the company emerging from a painful corporate restructuring that included layoffs and asset sales. The Tokyo-based electronics giant logged a quarterly net profit ...

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 ...