Supermarket sales in Japan in February grew at their fastest pace in over four years as consumers bought more food to eat at home amid the new coronavirus scare, industry data showed Tuesday. Overall sales rose 4.1 percent from the year before to ¥937.6 billion, ...
Automobile production by major Japanese makers in China plunged in January from a year earlier, data from the companies showed Thursday. The gloomy results reflected fewer factory operating days because this year's Lunar New Year holiday period started in late January, some 10 days earlier ...
U.S. firms set for zero profit growth this year as virus spreads, says Goldman Sachs
U.S. companies will see profits stagnate in 2020 thanks to the spread of the coronavirus in China and beyond, Goldman Sachs said on Thursday, slashing its expectations for average corporate earnings this year. In a note to clients, the bank cut its baseline earnings per ...
On heels of quarterly loss, Nissan again slashes full-year outlook amid economic uncertainties
After posting only its first third quarterly loss in 11 years, Nissan Motor Co. on Thursday again cut its annual profit forecast due to weak demand and economic uncertainties. To make matters worse, the ongoing COVID-19 epidemic will likely weigh on the automaker, which is ...
Chips are down as Toshiba logs ¥145.63 billion loss for April-December
Toshiba Corp. said Friday it posted a group net loss of ¥145.63 billion ($1.32 billion) in the April-December period due to the sluggish performance of its affiliated semiconductor business. The loss is a sharp drop from the profit of ¥1.02 trillion it reported in the ...
SoftBank chief welcomes activist investor Singer as Vision Fund logs loss
SoftBank Group Corp. founder Masayoshi Son opened the door to making at least some of the changes championed by activist investor Paul Singer, after the company reported a second quarter of losses from its startup investing. Son called Singer's Elliott Management Corp. an "important partner" ...
SoftBank Group profit down 69%, but shares soar on T-Mobile-Sprint deal
SoftBank Group said its net profit plunged nearly 70 percent for the nine months to December as investments in share companies such as WeWork and Uber took a hit.
Coronavirus outbreak halves Shiseido's China sales and may delay Nintendo shipments
Sales in China of cosmetic products sold under major Shiseido Co. brands fell 55 percent during the Lunar New Year holiday from a year earlier due to the outbreak of a new coronavirus originating in Wuhan, central China, the Japanese company said Thursday. The spread ...
Toyota boosts profit forecast on weak yen, but coronavirus not factored in
The epidemic is likely to wreak havoc on auto sales and production in China in the first quarter.
Mitsubishi UFJ Financial Group Inc. has posted its first quarterly loss in a decade and cut its annual profit forecast after booking a hefty charge on its stake in an Indonesian bank. Core lending business slumped in the fiscal third-quarter, covering October to December, underscoring ...
Sony raises full-year profit outlooks on strong image sensor sales
Sony Corp. on Tuesday raised its group net and operating profit outlooks for the current business year through March, citing robust demand for image sensors used in portable devices such as smartphone cameras. The electronics and entertainment giant now expects a net profit of ¥590 ...
