Business Sep 16, 2020
The two companies stopped short of releasing earnings projections for fiscal 2020, noting that the extent of the impact of the virus crisis is unpredictable.
Business Sep 10, 2020
Four major Japanese beer makers separately said Thursday that their sales of beer and quasi-beer products in August fell from a year earlier, against the backdrop of the coronavirus pandemic. Sales in volume terms were down 18 percent at Sapporo Breweries Ltd., 12 percent at ...
Business Aug 20, 2020
Japan convenience store sales fell 7.4% in July due to rain and virus
While the number of shoppers dropped, average spending per person rose, according to the Japan Franchise Association.
Business Aug 18, 2020
Over 30 percent of the nation's companies listed on the first section of the Tokyo Stock Exchange suffered net losses in April to June due to the coronavirus outbreak, according to a tally by SMBC Nikko Securities Inc. Of the 1,313 nonfinancial companies closing books ...
Business / Corporate Aug 14, 2020
Total profit at Japan firms cut in half in April-June as pandemic bites
The combined net profit of listed Japanese firms tumbled 53.7 percent in the April-June period from a year earlier to ¥4.68 trillion ($44 billion), hit by the coronavirus pandemic that has depressed global economic activity, data by a securities firm showed Friday. A third of ...
Business / Corporate Aug 13, 2020
China's Tencent plays down WeChat ban after results top estimates
The internet giant has tried to reassure investors the U.S. ban on its WeChat app may apply only to its overseas operations, suggesting the impact should be modest.
Business / Corporate Aug 13, 2020
Don Quijote owner Pan Pacific International posts record profit
Pan Pacific International Holdings Corp., owner of the Don Quijote discount chain, said it posted a record net profit for the year ended June, thanks to a strong showing by its general merchandise store division during the coronavirus pandemic. The retail group on Wednesday reported ...
Business / Corporate Aug 13, 2020
McDonald's Japan posts 2% rise in first-half sales on brisk demand for takeout
McDonald's Holdings Co. (Japan) said first-half sales rose 2.0 percent from a year earlier to ¥139.24 billion ($1.3 billion) as demand for takeaway and delivery services rose amid the coronavirus pandemic. For the full year to December, the company maintained its earnings estimate Wednesday, forecasting ...
Business / Corporate Aug 13, 2020
Toshiba posts ¥11.35 billion net loss for pandemic-hit April-June quarter
Toshiba Corp. reported Wednesday a net loss of ¥11.35 billion ($106 million) in the April-June period due to sluggish performance in its storage device segment hit by coronavirus-trigged disruptions. The industrial conglomerate logged an operating loss of ¥12.64 billion and sales slumped 26.2 percent to ...
Business / Corporate Aug 11, 2020
SoftBank returns to profit after record losses earlier in the year
Masayoshi Son has pulled off a remarkably speedy comeback after the worst loss in his company’s 39-year history.
Business Aug 6, 2020
Pandemic and stay-home gamers help Nintendo's profit to surge
Nintendo Co. said Thursday its net profit for April to June soared to ¥106.48 billion ($1 billion), a 6.4-fold rise from a year earlier, as the coronavirus pandemic and subsequent stay-home requests spurred demand for its Switch console and software. The video game maker booked ...
