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July 27, 2024
 

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FINANCIAL RESULTS

Japan Times
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.
Japan Times
BUSINESS / Companies
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.
Japan Times
BUSINESS / Companies
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.
Japan Times
BUSINESS / Companies
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.
Japan Times
BUSINESS / Companies
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.
Japan Times
BUSINESS / Companies
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.
Japan Times
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.
Japan Times
BUSINESS / Companies
Aug 5, 2020
Sharp eyes 2020 net profit doubled with supply chain recovery
Sharp Corp. said Wednesday it expects a 2.4-fold increase in net profit for the current business year through next March to ¥50 billion ($473 million) as its supply chains disrupted by the coronavirus pandemic return to normal.
Japan Times
BUSINESS
Aug 5, 2020
Honda expects 64% net profit fall in fiscal 2020, but sees gradual recovery
The automaker forecasts its operating profit in the year to drop 68.4 percent to u00a5200 billion, on estimated sales of u00a512.8 trillion, down 14.3 percent.
Japan Times
BUSINESS
Aug 4, 2020
Sony expects fiscal 2020 net profit to fall 12.4% over pandemic
Sony Corp. said Tuesday its fiscal 2020 net profit is expected to fall 12.4 percent from a year earlier to ¥510 billion ($4.8 billion), as the coronavirus pandemic has hit its image sensor and movie businesses.
Japan Times
BUSINESS / Companies
Jul 31, 2020
Mazda forecasts ¥90 billion net loss for full year as pandemic weakens demand
The automaker anticipates an u00a540 billion operating loss on sales of u00a52.85 trillion and has decided to ax dividends.
Japan Times
BUSINESS / Companies
Jul 31, 2020
Amazon plows through pandemic with record profits
The firm is one of the few to have kept operating during the pandemic, and has invested in COVID-19 business mitigation measures.
Japan Times
BUSINESS / Companies
Jul 30, 2020
Panasonic posts quarterly loss as pandemic hits sales hard
Panasonic Corp. said Thursday it incurred a net loss of ¥9.83 billion ($93 million) in the April to June quarter, its first red ink in nine years for the period, as the coronavirus pandemic dented sales in all segments, including automobile and aircraft equipment.
Japan Times
BUSINESS / Companies
Jul 30, 2020
Toyota likely the world's best-selling carmaker for January-June
Toyota alone globally produced 3.31 million units in the first half of 2020, down 28.6 percent from the previous year.
BUSINESS / Companies
Jul 28, 2020
Canon suffers first quarterly loss amid pandemic
Canon Inc. on Tuesday reported a group net loss of ¥8.8 billion for April to June due to the fallout from the coronavirus pandemic, suffering the first red figure on a quarterly basis since it started earnings disclosure in 2001.
Japan Times
BUSINESS / Companies
Jul 28, 2020
Nissan sees sharp sales and profit drop as business struggles
Nissan will shut three production lines and cut about 14,000 jobs globally, up from 12,500 announced a year ago.
Japan Times
BUSINESS / Companies
Jul 27, 2020
Nissan’s quarterly loss seen smaller on faster cost cuts
Like many other automakers, Nissan's revenue plummeted during the April-June period this year.
Japan Times
BUSINESS / Companies
Jul 20, 2020
Ex-Nissan boss Ghosn says Renault-Nissan financial results 'pathetic'
The low stock prices of the alliance partners are more a reflection of poor leadership than the COVID-19 pandemic, the fugitive ex-boss says.
BUSINESS / Companies
Jun 30, 2020
Japan Display posts net loss for sixth year on restructuring costs
Japan Display Inc. said Tuesday it posted a group net loss of ¥101.42 billion ($938 million) in fiscal 2019, a red ink figure for the sixth straight year, due to hefty restructuring costs and weak demand for products.
Japan Times
BUSINESS / Companies
Jun 29, 2020
Toyota's global output plunged record 54.4% in May amid pandemic
Japan's biggest automaker also said its global sales fell 31.8 percent to 576,508 vehicles in the reporting month.
Japan's population continues to fall even as foreign resident count rises
The number of residents in Tokyo as of Jan. 1 rose by 0.03% from a year before, data shows, marking a year-on-year increase for the first time in three years, while the country's other 46 prefectures saw their populations continue to decline.
Japan’s minimum wage set for record ¥50 hike in major boost
Demonstrators rally to demand a big hike in minimum wages in Tokyo last week.
One dead, three missing as heavy rain batters Tohoku
Camera footage shows the Mogami River bursting its banks in Tozawa, Yamagata Prefecture, on Friday morning.
Yen melt-up nudges Japanese stocks into correction territory
Japanese stocks are down 10% from their July peak as the yen strengthens.
Yen rally could help end crushing wage decay in Japan
Some economists say a sticky weak yen trend would have a negative impact on Japan's real wage growth.
Japan’s minimum wage set for record ¥50 hike in major boost
Demonstrators rally to demand a big hike in minimum wages in Tokyo last week.
Japan loses top spot on strongest passport list to Singapore
Japan had the strongest passport for six years running from 2018, before being dethroned by Singapore on the 2024 list.
Why Japan's mysterious stash of classified funds escapes scrutiny
Prime Minister Fumio Kishida and Chief Cabinet Secretary Yoshimasa Hayashi (right) during a meeting in Tokyo on Tuesday.
Terunofuji, as he tends to do, returns to stamp his authority on sumo pretenders
Terunofuji (left) throws down Kirishima on Tuesday to build on his perfect record at the Nagoya Grand Sumo Tournament.
Japanese startups advised to internationalize to get some global mojo
Entrepreneurs who participated in the Beyond Japan Zero to X program last year share their experiences in the United States during a meeting in May in Tokyo.

Podcast

One of the many entrances to the Kabukicho neighborhood in Tokyo’s Shinjuku Ward.
Kabukicho: Tokyo’s ‘stadium of desire’

Longform

Traditional folk rituals like Mizudome-no-mai (dance to stop the rain) provide a sense of agency to a population that feels largely powerless in the face of the climate crisis.
As climate extremes intensify, Japan embraces ancient weather rituals
By Alex K.T. Martin

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