Uniqlo sees worst drop in overseas sales in decade amid Hong Kong unrest and South Korea row
Political flare-ups in Asia are putting the brakes on Fast Retailing Co.'s overseas momentum, as the Uniqlo operator reported the worst decline in its quarterly revenue in a decade for its international segment. Asia's largest retailer has long counted on overseas expansion to power growth ...
Chinese telecom giant Huawei Technologies Co. said Tuesday that its sales rose about 18 percent in 2019 despite U.S. moves to restrict its business. The estimate came in an annual New Year's message to employees from Chairman Eric Xu. The letter predicted 2020 would be ...
Asahi Breweries to stop disclosing sales volume data amid strengthening competition for top spot
Asahi Breweries Ltd. says it will stop releasing sales volume data for its beer and quasi-beer products this month, switching in January to the disclosure of the value of sales. The major beer-maker is apparently intending to put more emphasis on boosting its profitability while ...
Japan Post Holdings' sales dropped 4.8% for April-September amid insurance scandal
Japan Post Holdings Co. said Thursday its group revenue in the April-September half dropped 4.8 percent from a year earlier to ¥5.96 trillion. The fall was chiefly caused by a suspension in the promotion of insurance products from mid-July, following revelations of inappropriate insurance sales ...
Toshiba posts ¥145 billion net loss in first half of fiscal year
Toshiba Corp. reported a net loss Wednesday of ¥145.15 billion ($1.3 billion) for the April-September period, due in part to taking a loss on the sale of a U.S. liquefied natural gas operation. The company's net loss compares with a profit of ¥1.08 trillion reported ...
Nissan reports 70% profit slump in second quarter and slashes full-year outlook
Nissan, whose financial performance has been in the doldrums for nearly two years, also cut its forecast for operating profit by ¥80 billion for the year through March.
Toyota first-half profit hits record ¥1.27 trillion on sales in Asia and Europe
For the full year to March 2020, Toyota maintained its outlook and said it expected a group net profit of ¥2.15 trillion, up 14.2 percent.
SoftBank's Son says it's business as usual after record loss, but Tokyo traders aren't buying it
Masayoshi Son wants investors to believe that a record loss from investments in money-losing startups WeWork and Uber Technologies Inc. is but a bump in the road. Some aren't buying it. SoftBank Group Corp.'s shares fell as much as 4.2 percent in Tokyo trading on ...
After WeWork and Uber turmoil, SoftBank lurches into the red
SoftBank Group Corp. on Wednesday reported its first quarterly operating loss in 14 years — ¥704.4 billion (about $6.5 billion) — after writing down the value of a string of marquee investments, including WeWork and Uber Technologies Inc. The investment powerhouse also saw its group ...
Descente slashes net profit outlook by 82% amid South Korea boycott of Japanese goods
Sportswear-maker Descente Ltd. on Wednesday sharply slashed its net profit outlook for fiscal 2019, hit by a widespread boycott of Japanese products in its mainstay South Korean market. The seller of Umbro, Le Coq Sportif and Munsingwear brands said it expects group net profit to ...
Asahi to again slash full-year forecast as overseas push leaves brewer vulnerable
Asahi Group Holdings Ltd. lowered its annual sales and profit forecast again as its $22 billion push into overseas markets makes Japan's largest brewer more vulnerable to currency swings. Consumption in the domestic market has also weakened. Operating profit will probably be ¥202 billion ($1.9 billion) ...
Six major Japanese electronics makers see net profits plummet amid U.S.-China trade war
Six of seven major Japanese electronics makers suffered year-on-year drops in group net profits in April-September, according to earnings reports released Friday. Net profit slid 1.9 percent to ¥189.2 billion at Hitachi Ltd., 14.9 percent to ¥340 billion at Sony Corp., 11.2 percent to ¥100.9 ...
