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July 06, 2025
 

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FINANCIAL RESULTS

Data compiled by the Japan Department Stores Association shows that tax-free inbound sales at over 80 department stores across the country fell by 41% in May from a year earlier.
BUSINESS / Economy
Jul 3, 2025
Japan’s department store shares lag as tourist splurge slows
Tax-free inbound sales at over 80 department stores across the country fell by 41% in May from a year earlier.
Toyota’s global sales that include subsidiaries Daihatsu and Hino reached 955,532 vehicles last month, up 8% from a year earlier.
BUSINESS / Companies
Jun 27, 2025
Toyota sales hit third monthly record on Japan and U.S. demand
Toyota’s global sales — including subsidiaries Daihatsu and Hino — rose 8% from a year earlier to reach 955,532 vehicles in May.
A customer poses with a Nintendo Switch 2 console at a Bic Camera electronics store in Tokyo on June 5.
BUSINESS / Companies
Jun 11, 2025
Nintendo's Switch 2 sets sales record in boon for gaming sector
The numbers bode well for its target of selling 15 million units by March next year.
Shipping containers from China at the Port of Los Angeles, in San Pedro, California.
BUSINESS / Economy / ANALYSIS
May 30, 2025
Trump's tariff tally: $34 billion and counting, global companies say
Many companies said the erratic nature of U.S. President Donald Trump's trade policies has made it impossible to accurately estimate costs.
Nvidia CEO Jensen Huang delivers a keynote at Nvidia's GPU Technology Conference (GTC) at the SAP Center in San Jose, California, on March 18.
BUSINESS / Tech
May 29, 2025
Nvidia eases concerns about China with upbeat sales forecast
"Every nation now sees AI as core to the next industrial revolution,” CEO Jensen Huang said on a conference call with analysts.
The Meiji Yasuda Life Insurance headquarters in Tokyo. Paper losses on Japanese bonds held by the company expanded to about ¥1.386 trillion ($9.7 billion) in the year ended March, compared with ¥161.4 billion a year earlier.
BUSINESS / Companies
May 26, 2025
Japan's biggest life insurers post $60 billion in unrealized bond losses
The paper losses on their domestic bond holdings in the last fiscal year underscore the risks they face as interest rates climb.
Tokio Marine Holdings, MS&AD Insurance Group Holdings and Sompo Holdings posted record consolidated net profits for the second straight year in fiscal 2024, which ended in March, driven by gains from the sale of cross-held shares, according to their earnings reports.
BUSINESS / Companies
May 21, 2025
All three major Japanese nonlife insurers log record net profits
Net profit went up some 1.5 times to ¥1,055.2 billion at Tokio Marine Holding.
Honda CEO Toshihiro Mibe says the company's investment plans for electric vehicles have been scaled back during a news conference in Tokyo Tuesday.
BUSINESS / Companies
May 20, 2025
Honda walks back EV investment and sales targets on poor demand
Honda now sees hybrids accounting for 2.2 million of 3.6 million in global sales by 2030, up from the 2 million it previously saw.
Goldman Sachs’ unit in Japan, although posting lower profit last year, kept its spot as the most profitable among foreign banks in the country that close their books in December.
BUSINESS / Companies
May 19, 2025
Goldman Sachs leads in a patchy year for foreign banks in Japan
The varied results suggest that 2024 was a tricky year for the world’s largest lenders operating in Japan, as investors adjusted to rising interest rates.
Nissan's Oppama plant in Yokosuka, Kanagawa Prefecture, may be closed as part of the struggling carmaker's streamlining efforts.
BUSINESS / Companies
May 18, 2025
Nissan to solicit early retirements while eyeing plant closures in Japan
The move comes after sources said a day earlier that the carmaker was considering closing two plants in Kanagawa Prefecture.
Fuji Television Network's headquarters building in the Odaiba district of Tokyo
BUSINESS / Companies
May 16, 2025
Fuji Media Holdings posts net loss for first time since going public
The company's net loss follows a slew of scandals concerning its corporate culture and governance.
Scott Callon, CEO of Japan Display Inc, will step down on June 1 to take responsibility for the company's poor performance.
BUSINESS / Companies
May 16, 2025
Japan Display to cut 1,500 jobs in Japan on consecutive years of losses
The struggling maker of small and midsize liquid crystal display panels reported a consolidated net loss of ¥78.2 billion ($538.7 million) for fiscal 2024.
Mizuho Financial Group forecast on Thursday that its net income will likely climb 6.1% to ¥940 billion ($6.5 billion) in the year that started in April.
BUSINESS / Companies
May 15, 2025
Mizuho anticipates record earnings in fiscal 2025 despite tariff dent
Japan's third-largest lender indicated that uncertainty in global trade has led to a more conservative outlook as U.S. tariff measures make business planning less predictable.
Net income is likely to reach ¥2 trillion ($13.7 billion) for the 12 months ending March, up 7.5% from ¥1.86 trillion in the previous fiscal year, Mitsubishi UFJ Financial Group said on Thursday.
BUSINESS / Companies
May 15, 2025
MUFG expects record profit and joins rivals in buying back shares
Net income is likely to reach ¥2 trillion for the 12 months ending March, up 7.5% from ¥1.86 trillion in the previous fiscal year.
Sumitomo Mitsui Financial Group’s clients are becoming cautious about making deals and investments amid uncertainties over U.S. tariffs.
BUSINESS / Companies
May 15, 2025
Sumitomo Mitsui braces for tariff fallout with more buffers
Japan’s second-largest lender expects net income to climb about 10% to ¥1.3 trillion in the year that started in April.
Rakuten Group's stock dropped after the Japanese e-commerce firm reported a 19th straight quarterly loss, fueling concerns about the financial drag from its ailing mobile business.
BUSINESS / Companies
May 15, 2025
Rakuten Group shares sink on worse-than-expected quarterly loss
The stock plunged as much as 10% in Tokyo on Thursday, its biggest intraday drop since April 7.
Cars on display at Nissan's headquarters in Yokohama on Tuesday. The automaker posted a massive annual net loss and confirmed that it plans to cut thousands of jobs worldwide.
BUSINESS / Companies
May 14, 2025
Japanese automakers looking at a ¥1 trillion hit from Trump tariffs 
No matter what happens, they expect the new levies to cost them a lot.
A Sony PlayStation 5 controller
BUSINESS / Companies
May 14, 2025
Sony profit forecast flattens under ¥100 billion tariff burden
New Sony Chief Executive Officer Hiroki Totoki’s first task is to navigate the entertainment group though a new era of a tariff-wielding United States.
SoftBank Group reported net income of ¥517.18 billion ($3.5 billion) in its fiscal fourth quarter, helped by the Vision Fund, which swung to a profit of ¥26.1 billion.
BUSINESS / Companies
May 14, 2025
SoftBank profit doubles as AI demand boosts chip sales and startups
The results come as SoftBank plans to invest $30 billion in OpenAI while leading a $100 billion foray into building AI hardware in the U.S.
Nissan CEO Ivan Espinosa in Tokyo as the company releases its results
BUSINESS / Companies
May 13, 2025
Nissan gets ‘wake-up call’ with $4.5 billion annual net loss
The company plans more than 10,000 job cuts globally in addition to the 9,000 cuts announced previously.
Japan braces for more quakes as authorities dismiss doomsday hype
Evacuees from Akuseki Island, located in the Tokara island chain in Kagoshima Prefecuture, arrive at Kagoshima Port on Friday.
Hidden AI prompts in academic papers spark concern about research integrity
Waseda University is one of 14 institutions in eight countries found to have used hidden prompts in research papers.
A prophesied disaster (likely) won’t strike Japan this weekend
A viral manga prediction of a July 5 disaster has gripped Japan with anxiety and triggered an economic impact, but experts warn that while such dates are unreliable, the threat of a massive earthquake remains real. 
Residents of Tokara Islands begin evacuation as seismic swarm continues
Details about evacuations from Akuseki Island, located in the Tokara island chain in Kagoshima Prefecture, is seen written on a whiteboard in the city of Kagoshima on Thursday.
U.S. military apologizes over Okinawa sexual assault case
Col. Neil Owens (right), chief of staff for the 3rd Marine Division, bows in apology at the Okinawa Prefectural Government office in Naha on Thursday.
Ghibli’s Isao Takahata exhibit shows how beloved anime is made
“The man who planted Japanese animation” exhibition includes a variety of sketches, drawings and animation cels from Isao Takahata films such as color design for characters by Michiyo Yasuda from "Grave of the Fireflies."
Flag football facing challenges and opportunities ahead
Japan’s women’s flag football team at the 2025 International Bowl in Los Angeles in June. The sport is enjoying continued growth in the country.
From Hokusai’s Great Wave, shinkansen to One Piece: a cultural treasure box for Lego Japan
Michael Ebbesen, general manager of Lego Japan, says Lego bricks based on Japanese culture have a rich global appeal and are sellable around the world.
With farmed fish, RelationFish swims against the tide in fine dining
Chef Hideaki Matsuo (middle) and the staff of Oseto Suisan Fisheries prepare to check on their sustainably farmed fish.
As Southeast Asia heats up, a Japanese cooling giant sees a major opportunity
An employee of Daikin Cambodia explains the use of different tools during an air conditioner installation training session in Phnom Penh. Daikin is one of Japan’s oldest air conditioning companies, but as Japan’s population falls, the firm is keying in on overseas growth.

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