NEWSWORTHY

Nissan first-half profit slumps on rising costs

Business / Corporate Nov 8, 2018

Nissan first-half profit slumps on rising costs

Nissan Motor Co. on Thursday logged a 10.9 percent drop in net profit for the six months to September owing to a decline in global sales and rising materials costs. The results come as Nissan struggles to recover trust after an inspection scandal last year, ...

Honda raises forecasts on solid motorbike sales

Business / Corporate Oct 30, 2018

Honda raises forecasts on solid motorbike sales

Honda Motor Co. said Tuesday it was raising annual forecasts after first-half profits rose over 19 percent on brisk sales of motorcycles in Asia. Japan's third largest automaker now expects net profit to reach ¥675 billion ($6 billion) for the fiscal year ending March, down ...

Sony boosts outlook as PlayStation heads for record year

Business / Corporate Oct 30, 2018

Sony boosts outlook as PlayStation heads for record year

Sony Corp. upgraded its earnings outlook for a second straight quarter, thanks to a plethora of hit video-game titles that are boosting the PlayStation business. Operating profit for the current fiscal year through March will be ¥870 billion ($7.72 billion), up from the prior forecast ...

Business / Corporate Aug 1, 2018

Mazda posts lower quarterly profit as expenses bite

Mazda Motor Corp. on Wednesday posted a 17 percent drop in operating profit for the first quarter, as a rise in discounting on U.S. vehicles and costs to improve its dealership network in the country overshadowed an increase in sales. Operating profit at Japan's fifth-largest ...