NEWSWORTHY
Suzuki to log ¥80 billion loss over recall of 2 million cars
Suzuki Motor Corp. said Friday it will book a special loss of around ¥80 billion ($714 million) for the business year ended last month over a recall of 2 million vehicles affected by improper product inspections. The automaker also submitted to the transport ministry an ...
Fast Retailing cuts profit estimate as slowing Uniqlo sales in Japan offset brisk business abroad
Fast Retailing Co. said the brisk performance of its Uniqlo casual clothing brand in overseas markets helped lift the group's profits in its first half, but the firm also downgraded full-year estimates due to slowing sales at home. For the six months through February, its ...
Yoshinoya reveals first annual net loss in six years, citing cost of new tablet device order system
Yoshinoya Holdings Co. incurred an annual net loss for the first time in six years for the year ended in February, the fast-food restaurant group said Thursday. The red ink came as the company, known for its mainstay gyūdon beef-on-rice bowls, booked an impairment loss ...
Japanese business spending rose 5.7% in October-December quarter from 2017
Capital spending by Japanese companies rose 5.7 percent in the October-December quarter from a year earlier, government data showed Friday. Investment by all nonfinancial sectors for purposes such as building factories and adding equipment increased for the ninth straight quarter, totaling ¥12.05 trillion. Pretax profits at ...
Corporate profits in Japan were down for the first time in 2½ years in the fourth quarter of 2018 amid falling demand from China and rising costs, government data showed Friday. Pretax profits fell 7.0 percent in the October-December period from a year earlier to ...
Toshiba cuts fiscal 2018 profit outlook on sluggish semiconductor sector
Toshiba Corp. on Wednesday sharply downgraded its group operating profit forecast for the fiscal year through March, due mainly to losses and additional costs stemming from its semiconductor manufacturing equipment and energy businesses. Toshiba now expects its group operating profit to stand at ¥20 billion ...
Toshiba to cut operating profit forecast by half, Nikkei says
Toshiba Corp. is preparing to cut its full-year profit forecast by at least half, hurt in part by higher expenses in its energy business, the Nikkei business daily reported, without saying where its information originated. Operating profit in the year that ends in March may ...
Subaru cuts fiscal 2018 earnings forecast after plant shutdown due to power-steering defect
Subaru Corp. said Thursday it had revised downward its full-year group earnings forecast for the current business year, which runs through March, amid declining production and sales, after it temporarily shut down a factory over a power-steering defect on certain models. The automaker expects group ...
SoftBank Group reports 62% jump in operating profit, rising to record high
SoftBank Group Corp. on Wednesday reported robust earnings for the April-December period, crediting positive returns on investments in other businesses and ventures. The group’s operating profit rose to a record ¥1.85 trillion, a rise of 62 percent compared to the same period the previous year. ...
Hitachi sees net profit fall due to halting of U.K. nuclear project
Hitachi Ltd. on Friday reported a 68 percent decline in group net profit in the April-December period from a year earlier, with the firm primarily attributing the fall to its subsidiary’s suspension of a nuclear power plant project in the United Kingdom. The Japanese electronics ...
Sony raises fiscal 2018 net profit outlook on solid game and music businesses
Sony Corp. on Friday raised its group net profit outlook for the current business year to ¥835 billion ($7.67 billion) from a previous estimate of ¥705 billion, due to its solid game and music businesses. But the electronics and entertainment giant cut its sales projection ...
Sharp cuts fiscal 2018 sales outlook to ¥2.5 trillion due to China-U.S. trade war
Sharp Corp. on Wednesday slashed its group sales outlook for the current business year ending in March to ¥2.50 trillion ($24.6 billion) from a previously estimated ¥2.69 trillion to reflect the possible negative effects of the prolonged U.S.-China trade dispute. The firm also revised downward ...
