Renault's weaker outlook raises odds for deal on Nissan stake
Renault SA's growing litany of woes could nudge the French carmaker to reduce its stake in Nissan Motor Co., a step that would help ease their strained relations. The possibility of a shareholding deal with the Japanese company was driven home by analysts after a ...
Fast Retailing logs record profits on strong Uniqlo sales overseas
Fast Retailing Co. has reported record profits and sales for the fiscal year through August, propelled by strong sales at its Uniqlo Co. casual clothing brand in Asia and Oceania. The operator of the Uniqlo chain expects another the current business year to set another ...
Tokyo FM Broadcasting admits fiddling the books to hide subsidiary's losses
Tokyo FM Broadcasting Co. said Wednesday that it engaged in improper accounting practices to hide a subsidiary's losses. The practices involved share transactions designed to exclude the struggling digital broadcasting unit from Tokyo FM's consolidated earnings. Specifically, Tokyo FM had a company close to the then ...
Companies that employ the most women get the best returns, Morgan Stanley report shows
Employing more women brings a stock market boost, according to Morgan Stanley research on how diversity influences share prices. Annual returns for businesses that employ the highest proportion of women were 2.8 percentage points above those for the least diverse firms over the past eight ...
Japan Display Inc. said Friday it had developed a negative net worth following a group net loss of ¥83.27 billion ($786 million) for the April-June quarter due to restructuring costs and falling demand for smartphone displays. The company also posted an operating loss of ¥27.48 ...
Toshiba logs ¥140 billion net loss in April-June on poor chip demand
Toshiba Corp. reported a net loss of ¥140.23 billion ($1.3 billion) for the April-June quarter, weighed down by the sluggish performance of its affiliated semiconductor business amid the escalating U.S.-China trade war. The technology conglomerate said on Wednesday that the red ink came also after ...
SoftBank Group's quarterly profit jumps to ¥1.12 trillion, the highest recorded for a Japanese firm
SoftBank Group Corp. said Wednesday its group net profit in the April-June period jumped more than threefold to a record ¥1.12 trillion ($10.6 billion) from a year earlier — marking the best quarter for a Japanese firm since 2004 — boosted by a special ...
Toyota posts record sales and profit for quarter but cuts outlook due to stronger yen
Toyota Motor Corp. on Friday lowered its outlook for group net profit, operating profit and sales for the business year through March due to a stronger yen, despite posting record sales and net profit in the April-June quarter. The same day, Honda also revised down ...
Panasonic's April-June operating profit sags 43 percent on lower China sales
Panasonic Corp. said Wednesday its group operating profit fell 43.6 percent from a year earlier in the April to June quarter to ¥56.39 billion ($519 million), hit by weak sales of industrial components in China. Net profit fell 13.2 percent to ¥49.78 billion in the ...
Shares fall as Samsung reveals profit plunge and warns outlook unclear due to Japan export curbs
Samsung Electronics Co. warned Wednesday that Japanese controls on the export of chip-making materials was blurring its outlook and said it would delay a plan to return money to shareholders due to “significant new challenges.” The South Korean tech giant also posted a 56 percent ...
Huawei Technologies Co. reported a 23 percent rise in revenue to 401.3 billion yuan (¥6.3 trillion) in the first half as the Chinese telecommunications giant withstood U.S. efforts to curb its business. The firm's profit margin was 8.7 percent in the six months ended June, ...
Renault's troubled ties to Nissan are hurting the bottom line
For months, Renault SA's partnership with Nissan Motor Co. has been a strain on management and a public relations nightmare. Now the Japanese carmaker's woes are hitting where it really hurts: the bottom line. The largest French automaker, which owns 43 percent of Nissan, reported ...
