NEWSWORTHY
Business / Corporate Nov 7, 2018
Scandal-hit KYB Corp. on Tuesday projected a consolidated net loss in fiscal 2018, its first in three years, lowering its bottom-line forecast to a loss of ¥2.3 billion ($196.8 million) from ¥16 billion in profit. The downward revision for the year through March 2019 is ...
Business / Corporate Oct 31, 2018
Panasonic's net profit for April-September period fell 4.5% from year earlier amid slowdown in China
Panasonic Corp. said Wednesday its group net profit in the six months to September fell 4.5 percent from a year earlier, citing weakening investment in China and sluggish sales of consumer electronics. The electronics maker posted a group net profit of ¥113.62 billion ($1.00 billion) ...
Business / Corporate Oct 30, 2018
Sharp lifts FY 2018 net profit outlook despite lower sales forecast
Sharp Corp. on Tuesday raised its net profit outlook for the current business year due to cost-cutting, and despite lowering its sales forecast. Sharp cut its sales projection for the year through March to ¥2.69 trillion ($24 billion) from a previous estimate of ¥2.89 trillion, ...
Business / Corporate Oct 30, 2018
Honda Motor Co. said Tuesday it was raising annual forecasts after first-half profits rose over 19 percent on brisk sales of motorcycles in Asia. Japan's third largest automaker now expects net profit to reach ¥675 billion ($6 billion) for the fiscal year ending March, down ...
Business / Corporate Oct 30, 2018
Sony Corp. upgraded its earnings outlook for a second straight quarter, thanks to a plethora of hit video-game titles that are boosting the PlayStation business. Operating profit for the current fiscal year through March will be ¥870 billion ($7.72 billion), up from the prior forecast ...
Business / Corporate Oct 11, 2018
Fast Retailing Co., operator of the Uniqlo casual clothing chain, said Thursday its group net profit rose 29.8 percent to a record ¥154.81 billion ($1.38 billion) in the year through August thanks to strong sales at home and abroad. The company said its group operating ...
Business Sep 16, 2018
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 ...
Business / Corporate | FOCUS Aug 27, 2018
Japan's star businessman who ignores his investors to make them rich
by Tom Redmond and Takako Taniguchi
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 ...
Business / Corporate Aug 8, 2018
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 ...
Business / Corporate Aug 1, 2018
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 ...
Business / Corporate Aug 1, 2018
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 ...