Chip-linked businesses in Japan enjoying brisk earnings

Business May 25, 2021

Chip-linked businesses in Japan enjoying brisk earnings

Semiconductor-related businesses in Japan are enjoying robust earnings thanks to growth in demand associated with the global wave of digitalization. Some logged record profits for their latest business years, while automakers in and outside the country are being forced to reduce vehicle output due to ...

Honda forecasts 10.3% fall in net profit amid chip crunch

Business May 14, 2021

Honda forecasts 10.3% fall in net profit amid chip crunch

Honda Motor Co. on Friday forecast a 10.3% drop in net profit to ¥590 billion ($5.4 billion) in the current business year through next March amid uncertainty over semiconductor supplies and surging material costs. Honda's cautious outlook came after record car sales in China and ...