Twenty-six of 33 sectors in Japan saw profit growth or a return to profitability in the April-September period from the previous year, a tally showed Monday, as both manufacturers and nonmanufacturers are recovering from the fallout of the coronavirus pandemic.
Based on earnings results released by listed Japanese companies on the First Section of the Tokyo Stock Exchange, the manufacturing industry as a whole saw net profit increase by about 2.6 times from a year earlier to ¥8.1 trillion ($71.4 billion), according to SMBC Nikko Securities Inc., which compiled the data.
Among the coronavirus-hit sectors, land and air transport continued to face headwinds. Despite seeing net losses narrow, the outlook remains uncertain as the travel demand has yet to recover.