Business / Corporate Jul 24, 2019
Canon's profit on track to fall by 36%, hit by weak China demand
Canon Inc. said Wednesday its group net profit for this business year is now projected to fall by 36.7 percent from a year earlier, citing weakening demand for cameras in the Chinese market. Canon slashed its group net profit forecast for the year through December ...
Business / Corporate May 20, 2019
Already downgraded, Nissan's credit rating takes another hit
Nissan Motor Co.'s credit standing took another hit Monday as S&P Global Ratings placed the automaker's rating on negative watch after it issued a weaker profit outlook last week. There is a more than 1-in-3 chance of a further delay in Nissan's profit recovery, according ...
Business / Corporate May 13, 2019
Toshiba net profit up 26% in fiscal 2018 after selling chip unit
Toshiba Corp. said Monday its group net profit in the year ended March rose 26 percent to a record ¥1.01 trillion after selling its prized chip unit in June. The technology conglomerate's bottom line was boosted by the ¥2 trillion ($18 billion) sale of Toshiba ...
Business / Corporate May 10, 2019
Panasonic expects net profit to fall 29.6% on sluggish China sales and auto battery investment
Panasonic Corp. said Thursday it expects its group net profit to fall 29.6 percent to ¥200 billion ($1.82 billion) for the current fiscal year, which ends next March, dragged down by sluggish sales in China and hefty investment in the auto battery segment. Group sales ...
Business / Corporate Apr 25, 2019
Canon expects net profit to drop 21% in 2019 amid China slowdown
Canon Inc. said Wednesday it now expects its group net profit in 2019 to dive 20.9 percent from a year earlier to ¥200 billion ($1.79 billion), lowering its outlook due to weak sales of camera products amid an economic slowdown in China. The company had ...
Business / Corporate Feb 6, 2019
Toyota slashes net profit forecast due to market turbulence
by Kazuaki Nagata
Dragged down by recent stock market turbulence, Toyota Motor Corp. slashed its net profit forecast for the current business year on Wednesday and now estimates the figure will be down by 25 percent compared to fiscal 2017. Despite record sales of ¥22.47 trillion and increased ...
Business / Corporate Feb 4, 2019
Panasonic cuts fiscal 2018 sales and operating profit outlooks amid China-U.S. trade war
Panasonic Corp. said Monday it reported a 19 percent drop in third-quarter operating profit and cut its full-year earnings outlook, citing slower demand for home appliances and factory automation equipment in China amid an escalating Sino-U.S. trade war. The electronics company posted an operating profit ...
Commentary / World Aug 15, 2018
How your personality affects your paycheck
by Tyler Cowen
A new study suggests that extroverts are paid more and 'agreeable' men get less.
Business / Corporate Aug 6, 2018
SoftBank's April-June profit jumps as Vision Fund investments pay off
SoftBank Group Corp. said Monday its group net profit in the April to June period jumped to ¥313.69 billion ($2.8 billion) from ¥5.52 billion a year earlier, as its investments through its nearly $100 billion fund are paying off. The Japanese telecommunications and internet services ...
Business / Corporate Aug 1, 2018
Kobe Steel's April-June net profit halved after quality data scandal
Kobe Steel Ltd. said Wednesday its group net profit in the April-June quarter fell 49.4 percent from a year earlier to ¥12.66 billion ($113 million) due to the negative impact of a data falsification scandal. Group operating profit dropped 54.4 percent to ¥13.83 billion in ...