Asahi Kasei cuts profit target, says piles scandal hard to cost

Nov 6, 2015

Asahi Kasei cuts profit target, says piles scandal hard to cost

Construction subcontractor Asahi Kasei Corp. lowered its annual forecast by 14 percent on Friday, but said the figure excludes a probe into its work on building foundations. An apartment building in Yokohama is leaning, and investigations are underway into work the company did elsewhere, ...

Oct 29, 2015

Tepco second-quarter profit slides amid lower electricity use

Tokyo Electric Power Co., the operator of the Fukushima No. 1 nuclear power plant, reported a 26 percent decline in second-quarter operating profit due to fuel-price adjustments, as its users consumed less energy. Tepco posted an operating profit of ¥156.8 billion for the three ...

Oct 29, 2015

Sony wins big first-half profit on video games, weak yen

Sony Corp. on Thursday posted a six-month net profit of almost $1 billion, crediting its PlayStation video game unit and a weak yen for a big improvement in its finances as the company emerges from years of losses. The Tokyo-based electronics giant said net ...

Toshiba posts ¥37.8 billion loss after profit-padding scandal

Sep 7, 2015

Toshiba posts ¥37.8 billion loss after profit-padding scandal

Crisis-hit Toshiba Corp. said Monday it would book a ¥37.8 billion ($318 million) loss for the latest fiscal year because of a billion dollar profit-padding scandal. The vast 140-year-old conglomerate announced its annual loss for the year to March 2015, reversing a previously expected ...

Toshiba probing 10 new accounting issues, including at U.S. unit

Sep 1, 2015

Toshiba probing 10 new accounting issues, including at U.S. unit

Toshiba Corp. has uncovered 10 new cases of accounting problems, including at a U.S. unit, prompting it to miss a regulator’s deadline for submission of its fiscal 2014 earnings release. The industrial group obtained permission from the securities regulator to postpone the report due ...

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 ...