Aug 5, 2015

Corporate earnings in Japan outshine rest of Asia amid weak yen

Japan is emerging as the star of Asia’s latest earnings season, with most companies reporting higher-than-expected profit growth as businesses continue to benefit from Prime Minister Shinzo Abe’s economic policies. Earnings per share, excluding some items, at 159 companies on Japan’s Topix index have ...

Aug 4, 2015

Major Japanese firms post robust profit growth in April-June

Major Japanese firms posted robust year-on-year profit rises in the April-June quarter due to the yen’s decline, an oil price plunge and fading adverse effects of the consumption tax hike in April 2014, according to data compiled by a major brokerage. The combined pretax ...

Toshiba unveils more exec pay cuts over accounting scam

Jul 30, 2015

Toshiba unveils more exec pay cuts over accounting scam

Toshiba Corp. has announced an additional round of punishments over its accounting scandal — pay cuts affecting 16 executives, including Chairman and President Masashi Muromachi — and the resignation of another executive. Muromachi will have his executive salary slashed by half for an undecided ...

Jan 15, 2015

GM sees improved profit in 2015 on China, U.S. growth

General Motors Co on Wednesday forecast its 2015 operating profit will increase from last year due mostly to growth in its two largest auto markets, China and the United States. As it moves past a year marred by massive recalls from a defective ignition ...

Feb 4, 2014

Panasonic profit beats analyst estimates

Panasonic Corp. posted third-quarter profit that beat analysts’ estimates as the television maker stops making plasma sets to speed up reforms and recover from back-to-back annual losses. Net income rose 20 percent to ¥73.7 billion in the three months that ended Dec. 31, the ...

Japan Inc. doubles profit on quick cost-cutting moves

Nov 18, 2013

Japan Inc. doubles profit on quick cost-cutting moves

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Companies that made tough decisions about exiting businesses, closing factories and revamping management led to a doubling of corporate earnings last quarter, now at the highest level since 2007. Net income jumped to about ¥5.5 trillion at more than 1,280 of the largest listed ...