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July 27, 2024
 

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FINANCIAL RESULTS

Japan Times
BUSINESS / Companies
Feb 13, 2020
SoftBank chief welcomes activist investor Singer as Vision Fund logs loss
SoftBank Group Corp. founder Masayoshi Son opened the door to making at least some of the changes championed by activist investor Paul Singer, after the company reported a second quarter of losses from its startup investing.
Japan Times
BUSINESS / Companies
Feb 12, 2020
Dentsu to post loss as China, Australia operations worsen
Dentsu Group Inc. said Wednesday it expects to log a group net loss of ¥80.89 billion ($730 million) in the business year ended last December due to sluggish operations in China and Australia, falling into the red for the first time since it went public in 2001.
Japan Times
BUSINESS / Companies
Feb 7, 2020
Coronavirus outbreak halves Shiseido's China sales and may delay Nintendo shipments
Sales in China of cosmetic products sold under major Shiseido Co. brands fell 55 percent during the Lunar New Year holiday from a year earlier due to the outbreak of a new coronavirus originating in Wuhan, central China, the Japanese company said Thursday.
Japan Times
BUSINESS / Companies
Feb 6, 2020
Toyota boosts profit forecast on weak yen, but coronavirus not factored in
The epidemic is likely to wreak havoc on auto sales and production in China in the first quarter.
Japan Times
BUSINESS / Companies
Feb 5, 2020
MUFG just posted first quarterly loss in a decade
Mitsubishi UFJ Financial Group Inc. has posted its first quarterly loss in a decade and cut its annual profit forecast after booking a hefty charge on its stake in an Indonesian bank.
Japan Times
BUSINESS / Companies
Feb 4, 2020
Sony raises full-year profit outlooks on strong image sensor sales
Sony Corp. on Tuesday raised its group net and operating profit outlooks for the current business year through March, citing robust demand for image sensors used in portable devices such as smartphone cameras.
Japan Times
BUSINESS / Companies
Jan 31, 2020
Hitachi's net profit sinks 33% on weak overseas sales from April to December
Hitachi Ltd. reported Friday its group net profit for the April to December period sank 33.3 percent from a year earlier to ¥55.15 billion ($505 million) because of falling sales in China and elsewhere in Asia.
Japan Times
BUSINESS / Companies
Jan 31, 2020
Nintendo shares drop most since April after profit misses estimates
Shares in Nintendo Co. fell the most in nine months on Friday after the firm missed estimates for quarterly profit and forecast full-year earnings that were short of expectations, raising concern about demand for its Switch game console.
BUSINESS / Companies
Jan 31, 2020
NTT Docomo's revenue and profits fell from April to December last year
Major mobile phone carrier NTT Docomo Inc. reported Thursday that both group sales and profits fell year-on-year in the April-December 2019 period, mainly due to new discount plans introduced in June last year.
Japan Times
BUSINESS / Companies
Jan 29, 2020
Line in 2019 logs biggest net loss since stock market listing
Free messaging app provider Line Corp. on Wednesday reported a group net loss of ¥46.9 billion for the business year that ended in December last year, the biggest such loss at the firm since its stock market debut in 2016.
Japan Times
BUSINESS
Jan 10, 2020
Uniqlo sees worst drop in overseas sales in decade amid Hong Kong unrest and South Korea row
Political flare-ups in Asia are putting the brakes on Fast Retailing Co.'s overseas momentum, as the Uniqlo operator reported the worst decline in its quarterly revenue in a decade for its international segment.
Japan Times
BUSINESS / Companies
Dec 18, 2019
Asahi Breweries to stop disclosing sales volume data amid strengthening competition for top spot
Asahi Breweries Ltd. says it will stop releasing sales volume data for its beer and quasi-beer products this month, switching in January to the disclosure of the value of sales.
Japan Times
BUSINESS / Companies
Nov 15, 2019
Japan Post Holdings' sales dropped 4.8% for April-September amid insurance scandal
Japan Post Holdings Co. said Thursday its group revenue in the April-September half dropped 4.8 percent from a year earlier to ¥5.96 trillion.
Japan Times
BUSINESS / Companies
Nov 13, 2019
Toshiba posts ¥145 billion net loss in first half of fiscal year
Toshiba Corp. reported a net loss Wednesday of ¥145.15 billion ($1.3 billion) for the April-September period, due in part to taking a loss on the sale of a U.S. liquefied natural gas operation.
Japan Times
BUSINESS / Companies
Nov 12, 2019
Nissan reports 70% profit slump in second quarter and slashes full-year outlook
Nissan, whose financial performance has been in the doldrums for nearly two years, also cut its forecast for operating profit by u00a580 billion for the year through March.
Japan Times
BUSINESS / Companies
Nov 7, 2019
SoftBank's Son says it's business as usual after record loss, but Tokyo traders aren't buying it
Masayoshi Son wants investors to believe that a record loss from investments in money-losing startups WeWork and Uber Technologies Inc. is but a bump in the road. Some aren't buying it.
Japan Times
BUSINESS / Companies
Nov 7, 2019
After WeWork and Uber turmoil, SoftBank lurches into the red
SoftBank Group Corp. on Wednesday reported its first quarterly operating loss in 14 years — ¥704.4 billion (about $6.5 billion) — after writing down the value of a string of marquee investments, including WeWork and Uber Technologies Inc.
Japan Times
BUSINESS / Companies
Nov 6, 2019
Descente slashes net profit outlook by 82% amid South Korea boycott of Japanese goods
Sportswear-maker Descente Ltd. on Wednesday sharply slashed its net profit outlook for fiscal 2019, hit by a widespread boycott of Japanese products in its mainstay South Korean market.
Japan Times
BUSINESS / Companies
Nov 6, 2019
Asahi to again slash full-year forecast as overseas push leaves brewer vulnerable
Asahi Group Holdings Ltd. lowered its annual sales and profit forecast again as its $22 billion push into overseas markets makes Japan's largest brewer more vulnerable to currency swings.
BUSINESS / Companies
Nov 2, 2019
Six major Japanese electronics makers see net profits plummet amid U.S.-China trade war
Six of seven major Japanese electronics makers suffered year-on-year drops in group net profits in April-September, according to earnings reports released Friday.
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.
When did summer in Japan stop being fun?
Summer in Japan is now consistently brutal enough to drive you indoors and keep you there until autumn.
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.
Japan eyes gold — and the future — as Olympic men's soccer campaign begins
Japan midfielder Yu Hirakawa controls the ball during a match against the United States in Kansas City, Kansas, on June 11.

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