Aug 12, 2016

First-quarter profit fell by 16% for major Japan firms

Major nonfinancial companies saw year-on-year profits fall by 15.9 percent in the first quarter, thanks largely to the pricey yen, data show. Combined sales shrank 5.9 percent, according to the tally for April to June. The figures cover the 1,219 firms listed on the ...

Kishida urges Britain to ensure stable environment for Japanese firms

Jun 30, 2016

Kishida urges Britain to ensure stable environment for Japanese firms

Japan and Britain have agreed to work closely following the latter’s vote to leave the European Union, including addressing worries among Japanese companies of problems they may face, Japan’s Foreign Ministry said. In talks by phone on Wednesday, Foreign Minister Fumio Kishida requested that ...

Jun 1, 2016

Crisis management driving Japan Inc. deals as firms divest

The nation’s companies are targeting mergers and acquisitions abroad as the third-largest economy stagnates, yet it is crisis management that is driving deal volume in the country this year, not international expansion. Announced acquisitions involving Japanese firms as the target or asset seller in ...

Dec 3, 2015

Japan unions plan to dial back wage demands by half

A labor group whose members include Toyota Motor Corp., Hitachi Ltd. and Panasonic Corp.’s unions said they will seek half the minimum wage increase in 2016 compared with its plans entering this fiscal year. The Japan Council of Metalworkers’ Unions said its members intend ...

Domestic firms concerned about slumping consumption

Aug 18, 2015

Domestic firms concerned about slumping consumption

Domestic companies are becoming increasingly concerned about the slump in private consumption that was confirmed in weak April-June gross domestic product data, although corporate earnings in the period turned out to be strong thanks to the yen’s depreciation and falling crude oil prices. The ...

Japanese firms face difficulties grasping damage from Tianjin blasts

Aug 16, 2015

Japanese firms face difficulties grasping damage from Tianjin blasts

Japanese companies operating in Tianjin were facing difficulties on Saturday grasping damage to their facilities from devastating explosions that rocked an industrial port in the northern China city earlier in the week. Entry to areas around the site of Wednesday’s blast has been restricted, ...