SoftBank's group net profit fell 97.8% in April-June

/ Aug 8, 2017

SoftBank's group net profit fell 97.8% in April-June

SoftBank Group Corp.'s group net profit in the April-June period fell 97.8 percent from a year earlier to ¥5.52 billion, following a one-time gain last year from the sale of shares in an affiliate. The telecommunications and internet services giant said its group operating profit ...

Japanese firms' net profits surged 21% in fiscal 2016: analysis

/ May 15, 2017

Japanese firms' net profits surged 21% in fiscal 2016: analysis

Combined group net profits at major Japanese nonfinancial companies soared 21.1 percent in fiscal 2016, which ended in March, according to a Jiji Press analysis. The survey covered 1,117 nonfinancial companies listed on the Tokyo Stock Exchange's first section that have already released their earnings ...

Nikon falls into red for first time in seven years

/ May 12, 2017

Nikon falls into red for first time in seven years

Nikon said Thursday it recorded a group net loss of ¥7.11 billion ($62 million) in the fiscal year that ended in March, citing restructuring costs for pulling the company into the red for the first time in seven years. The loss represents a reversal from ...

/ May 11, 2017

Toshiba gives up finding new auditor for now

Toshiba Corp. has given up finding a new auditor to check its earnings for fiscal 2016 in place of its current auditor, PricewaterhouseCoopers Aarata LLC, according to informed sources. The effort failed ahead of the Tokyo Stock Exchange-set deadline next Monday for companies listed on ...

Toshiba considering releasing unaudited full-year earnings

/ May 8, 2017

Toshiba considering releasing unaudited full-year earnings

Toshiba Corp. is considering releasing unaudited full-year earnings results on the May 22 deadline despite having no clear prospects of approval from its auditor, according to sources close to the matter. PricewaterhouseCoopers Aarata LLC continues to disagree with Toshiba over losses related to its U.S. ...