NEWSWORTHY
40% of Japan's health insurance societies seen posting losses in 2017; some may disband
Over 40 percent of the 1,394 health insurance societies set up for employees of large companies and their families are expected to report losses for fiscal 2017 ended March, sources said. In the previous year, the ratio was lower at 38.7 percent. As a whole, the ...
Japan's star businessman who ignores his investors to make them rich
When Akira Matsumoto speaks, investors hang on his every word. And here's what he tells them: You're less important than everyone else. The diminutive 71-year-old can get away with it because of his status in the Japanese business world, where he's known for his two ...
Toshiba posts record quarterly profit on chip sale, but outlook unclear
Toshiba Corp. reported a record quarterly net profit Wednesday, thanks to the $18 billion sale of its flash memory chip business earlier this year to a consortium led by U.S. private equity firm Bain Capital. But the conglomerate did not say where its future growth ...
Mazda Motor Corp. on Wednesday posted a 17 percent drop in operating profit for the first quarter, as a rise in discounting on U.S. vehicles and costs to improve its dealership network in the country overshadowed an increase in sales. Operating profit at Japan's fifth-largest ...
Apple said Tuesday that its profit had jumped more than 30 percent to $11.5 billion in the recently ended quarter, besting market expectations despite selling fewer iPhones than analysts projected. The news boosted shares in the tech giant in after-hours trading, putting it ever closer ...
Nintendo's first-quarter profit rises 44% to ¥31 billion on Switch sales
Nintendo said Tuesday its quarterly net profit jumped 43.9 percent year on year to ¥30.6 billion, driven by the global popularity of its Switch console and game titles. The Kyoto-based game giant reported that operating profit for the three months to June soared 88.4 percent ...
Nissan's profit drops 14.1% in first quarter on rising costs, stronger yen
Automaker Nissan reported a drop in first-quarter profit on Thursday, blaming pressure from rising material costs and a higher yen. Nissan said sales in China rose in the quarter to June but fell in North America and Europe. Quarterly net profit dropped 14.1 percent to ...
In rare move, Japan's Suruga Bank expected to revise annual results downward on share house scandal
Suruga Bank is expected to make a large downward revision to its annual financial results released in May, informed sources said Monday. The regional bank said it is considering hiking the amount of reserves set aside to cover potential losses on loans related to share-house ...
Japan's earnings reports mostly disappoint, but analysts see hope ahead
With Japan's quarterly reporting period almost over, one analyst summed up the general feeling about companies' profit performance. "The results season was probably a disappointment," said Jonathan Allum, a strategist at SMBC Nikko Capital Markets Ltd. in London. It's difficult to disagree. Most firms have posted ...
Toshiba books first net profit in four years
The firm said it improved its balance sheet by recording ¥783.1 billion in shareholders’ equity at the end of March, staving off a risk of being delisted.
Japanese automakers' rosy profits may be short-lived
Japan's big three automakers enjoyed soaring net profits in the last business year, but analysts warn it is too early to say the robust results suggest a return to their glory days. The analysts said the strong earnings mostly stemmed from transient factors such as ...
