Tag - financial-results

 
 

FINANCIAL RESULTS

Toyota's domestic sales for January fell for the first time in 13 months as a data-rigging scandal at its small-car unit Daihatsu led to a production halt of some Toyota brand cars the unit made.
BUSINESS / Companies
Feb 28, 2024
Toyota Group sales lose steam amid fallout from test data scandals
Domestic sales for January fell for the first time in 13 months while worldwide production fell 3.8%, the first global decline in 13 months.
Stacked containers at an industrial port in Tokyo on Feb. 15. The weakness of the yen against the U.S. dollar boosts exporters' profits when repatriated.
BUSINESS / Companies
Feb 26, 2024
Combined profits at major Japan firms expected to hit record
The net profits of 1,430 companies listed on the Tokyo Stock Exchange are estimated to total ¥47.06 trillion in the current fiscal year, up 12.9%.
Rakuten Group has incurred a net loss for the fifth straight year.
BUSINESS / Companies
Feb 15, 2024
Rakuten logs second-largest annual net loss
The firm will skip a dividend payment for the first time in 23 years to prioritize its financial stability.
Sony trimmed its revenue forecast after sales of its flagship PlayStation 5 in the December quarter came in roughly a million units lower than analysts’ estimates.
BUSINESS / Companies
Feb 15, 2024
Sony dives most in two years after cutting PS5 sales outlook
Shares fell as much as 8.4% in early Tokyo trading, the biggest intraday fall since February 2022.
Sony Group has lifted its net profit forecast for the year ending March to ¥920 billion from an earlier estimate of ¥880 billion.
BUSINESS / Companies
Feb 14, 2024
Sony Group lifts profit forecast, aims to list financial unit in 2025
The sales projection for fiscal 2023, however, was lowered to ¥12.3 trillion from its November forecast of ¥12.4 trillion.
A slew of listed Japanese firms have logged solid earnings for the nine months ended in December including Toyota, which posted operating and net profits that reached the highest levels on record for a Japanese company.
BUSINESS / Companies
Feb 11, 2024
Major Japanese firms post higher earnings in April-December period
Of 786 component firms of the broad Topix index that had announced their April-December results as of Wednesday, 455 companies reported higher net profits.
Honda now projects an annual net profit of ¥960 billion ($6.45 billion), up ¥30 billion from the previous forecast.
BUSINESS / Companies
Feb 8, 2024
Honda and Nissan release robust earnings reports
Honda upgraded its annual profit forecast while rival Nissan said its net profit almost tripled year-on-year.
SoftBank Group booked a profit for the December quarter after four straight quarters of losses.
BUSINESS / Companies
Feb 8, 2024
SoftBank swings to profit lifted by T-Mobile windfall
SoftBank recorded its first profit after four straight quarters of losses, backed by a rebound of the Vision Fund and gains from T-Mobile shares.
Nintendo has raised its forecast for Switch console sales and its overall operating profit for the year ending in March.
BUSINESS / Companies
Feb 6, 2024
Nintendo raises sales and profit forecasts after strong holiday earnings
The Kyoto-based firm's shares are at an all-time high this year, with expectations for a next-generation Switch also playing into the lofty valuation.
Toyota raised its annual net profit forecast to a record high ¥4.5 trillion in the year ending in March.
BUSINESS / Companies
Feb 6, 2024
Toyota raises annual net profit forecast as chip shortage eases
But scandals involving rigged engine and safety tests at subsidiaries led the firm to slightly revise down its sales target for the financial year.
Nomura Holdings plans a buyback of up to ¥100 billion.
BUSINESS / Companies
Feb 1, 2024
Nomura’s trading overhaul advances as CEO plans buyback
Nomura Holdings plans a buyback of up to ¥100 billion.
Cars ready to be loaded onto a ship for export at the port in Yantai, in China's eastern Shandong province, on Jan. 2
BUSINESS / Economy
Jan 31, 2024
China seized Japan's crown for vehicle exports in 2023, data shows
The Chinese auto sector has boomed in recent years largely because of massive investments in electric cars, while Japanese firms have been more cautious.
Foreign tourists at a duty-free counter in a department store in Tokyo
BUSINESS
Jan 26, 2024
Duty-free sales at Japan department stores hit record high in 2023
The rise reflected the weak yen, as well as an increase in the number of foreign visitors to Japan.
Shoppers browse vegetables at a supermarket in Chiba. Sales at all supermarkets totaled ¥13.56 trillion, with price hikes in food items boosting overall sales despite shoppers buying fewer items, according to the Japan Chain Stores Association.
BUSINESS
Jan 23, 2024
Japan's supermarket sales grow 2.4% in 2023 on price hikes
Sales at all supermarkets totaled ¥13.56 trillion ($91.9 billion), with price hikes in food items boosting overall sales despite shoppers buying fewer items.
Average spending per customer at convenience stores increased 1.1% to ¥723.5 in 2023, but the outlook remains uncertain as inflation drags on.
BUSINESS / Economy
Jan 23, 2024
Japan's convenience store sales rise 4.1% to record high in 2023
Average spending per customer increased 1.1% to ¥723.5, but the outlook remains uncertain as inflation drags on.
While Apple has dominated the holiday quarter in recent years, its surge ahead of Samsung over a full year is unprecedented and suggests Apple is weathering an industrywide slump better than its rivals.
BUSINESS / Companies
Jan 17, 2024
Apple passed Samsung as world’s top phone-maker in 2023
Apple's surge ahead of Samsung over a full year is unprecedented and suggests Apple is weathering an industrywide slump better than its rivals.
Fast Retailing, the operator of Uniqlo stores, says strong overseas sales drove a 25% rise in first quarter operating profit.
BUSINESS / Companies
Jan 12, 2024
Uniqlo operator Fast Retailing's Q1 profit soars on strong overseas sales
Profit was ¥146.7 billion ($1.01 billion) in the three months through November compared with ¥117.1 billion a year earlier.
Toyota's global production jumped 11% in November to a record level, bouncing back from last year's supply chain disruptions and benefiting from robust demand both in Japan and overseas.
BUSINESS / Companies
Dec 27, 2023
Toyota saw record November sales on demand from U.S. and Europe
Global sales — including that of subsidiaries Hino and Daihatsu — rose 12% from a year earlier to 986,262 units.
Starbucks' stock has fallen for the past two weeks amid concern about "still-slow China data” and sales trends, according to one analyst.
BUSINESS / Companies
Dec 5, 2023
Starbucks heads for record losing streak as sales concerns mount
An 11-day stock slump has erased 10% of the coffee giant's market value, or nearly $12 billion.
Toyota posted record October global sales and production on strong demand for its cars in North America and Europe.
BUSINESS / Companies
Nov 29, 2023
Toyota's October global output hits record despite supplier issue
The world's largest automaker by sales said it produced 900,285 vehicles worldwide, up 16.7% from the same period a year earlier.

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