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July 27, 2024
 

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FINANCIAL RESULTS

Japan Times
BUSINESS / Companies
Nov 1, 2019
Sharp sees net profit fall 33.1% in April-September, attributes decline to weak TV sales
Sharp Corp. said Friday its group net profit in the April-September period fell 33.1 percent from a year earlier to ¥27.40 billion ($254 million), due to weak TV sales in overseas markets.
Japan Times
BUSINESS / Companies
Nov 1, 2019
Panasonic sees 11% drop in April-September profit due to China-U.S. trade war
Panasonic Corp.'s group net profit in the fiscal first half declined 11.2 percent from a year earlier, as sluggish sales in China — amid its prolonged trade war with the United States — overshadowed a boost in domestic housing-related businesses.
Japan Times
BUSINESS / Companies
Oct 31, 2019
Apple's holiday sales forecast to top analysts' estimates
Apple Inc.'s new iPhones are expected to help the technology giant return to growth in the key holiday period, supported by a growing collection of other products and services.
Japan Times
BUSINESS / Companies
Oct 30, 2019
ANA cuts earnings outlook due to weak cargo demand amid U.S.-China trade war
ANA Holdings Inc. lowered its earnings outlook Tuesday for the business year through March, due to weak demand for air cargo and business-class seats amid continued trade tension between the United States and China.
Japan Times
BUSINESS / Companies
Oct 29, 2019
Sony records strongest Q2 profit as image sensor demand offsets slide in gaming earnings
Sony Corp. on Wednesday said operating profit jumped 16 percent in its strongest-ever result for a second quarter, as robust sales of image sensors offset a tumble in earnings from its gaming division.
Japan Times
BUSINESS / Companies
Oct 28, 2019
Canon cuts profit estimates for third time on weak China sales
Canon Inc. on Monday lowered its earnings estimates for 2019 for the third time due to weak demand for cameras and printers in China and Europe.
Japan Times
BUSINESS / Companies
Oct 21, 2019
Renault's weaker outlook raises odds for deal on Nissan stake
Renault SA's growing litany of woes could nudge the French carmaker to reduce its stake in Nissan Motor Co., a step that would help ease their strained relations.
Japan Times
BUSINESS / Companies
Oct 11, 2019
Fast Retailing logs record profits on strong Uniqlo sales overseas
Fast Retailing Co. has reported record profits and sales for the fiscal year through August, propelled by strong sales at its Uniqlo Co. casual clothing brand in Asia and Oceania.
Japan Times
BUSINESS / Companies
Aug 22, 2019
Tokyo FM Broadcasting admits fiddling the books to hide subsidiary's losses
Tokyo FM Broadcasting Co. said Wednesday that it engaged in improper accounting practices to hide a subsidiary's losses.
Japan Times
BUSINESS / Companies
Aug 15, 2019
Companies that employ the most women get the best returns, Morgan Stanley report shows
Employing more women brings a stock market boost, according to Morgan Stanley research on how diversity influences share prices.
Japan Times
BUSINESS / Companies
Aug 9, 2019
Japan Display logs ¥83 billion net loss in first quarter
Japan Display Inc. said Friday it had developed a negative net worth following a group net loss of ¥83.27 billion ($786 million) for the April-June quarter due to restructuring costs and falling demand for smartphone displays.
Japan Times
BUSINESS / Companies
Aug 8, 2019
Toshiba logs ¥140 billion net loss in April-June on poor chip demand
Toshiba Corp. reported a net loss of ¥140.23 billion ($1.3 billion) for the April-June quarter, weighed down by the sluggish performance of its affiliated semiconductor business amid the escalating U.S.-China trade war.
Japan Times
BUSINESS / Companies
Aug 7, 2019
SoftBank Group's quarterly profit jumps to ¥1.12 trillion, the highest recorded for a Japanese firm
SoftBank Group Corp. said Wednesday its group net profit in the April-June period jumped more than threefold to a record ¥1.12 trillion ($10.6 billion) from a year earlier — marking the best quarter for a Japanese firm since 2004 — boosted by a special profit from selling part of its stake in Chinese...
Japan Times
BUSINESS / Companies
Aug 2, 2019
Toyota posts record sales and profit for quarter but cuts outlook due to stronger yen
Toyota Motor Corp. on Friday lowered its outlook for group net profit, operating profit and sales for the business year through March due to a stronger yen, despite posting record sales and net profit in the April-June quarter.
Japan Times
BUSINESS / Companies
Jul 31, 2019
Panasonic's April-June operating profit sags 43 percent on lower China sales
Panasonic Corp. said Wednesday its group operating profit fell 43.6 percent from a year earlier in the April to June quarter to ¥56.39 billion ($519 million), hit by weak sales of industrial components in China.
Japan Times
BUSINESS / Companies
Jul 31, 2019
Shares fall as Samsung reveals profit plunge and warns outlook unclear due to Japan export curbs
Samsung Electronics Co. warned Wednesday that Japanese controls on the export of chip-making materials was blurring its outlook and said it would delay a plan to return money to shareholders due to “significant new challenges.”
Japan Times
BUSINESS / Companies
Jul 31, 2019
Huawei posts 23% sales growth as U.S. sanctions set to bite
Huawei Technologies Co. reported a 23 percent rise in revenue to 401.3 billion yuan (¥6.3 trillion) in the first half as the Chinese telecommunications giant withstood U.S. efforts to curb its business.
Japan Times
BUSINESS / Companies
Jul 30, 2019
Lower sales of PlayStation 4 spurs Sony to cut fiscal 2019 sales outlook
Sony Corp. cut Tuesday its sales outlook for the current fiscal year through next March to ¥8.6 trillion ($79 billion) from ¥8.8 trillion forecast earlier, after the company lowered its sales expectations for PlayStation 4 hardware.
Japan Times
BUSINESS / Companies
Jul 29, 2019
Renault's troubled ties to Nissan are hurting the bottom line
For months, Renault SA's partnership with Nissan Motor Co. has been a strain on management and a public relations nightmare. Now the Japanese carmaker's woes are hitting where it really hurts: the bottom line.
Japan Times
BUSINESS / Companies
Jul 25, 2019
Nissan to slash 10% of global workforce after worse-than-expected 99% profit plunge
About 12,500 jobs will be eliminated at 14 loss-making factories overseas, including in Indonesia and Spain, by the end of March 2023, the automaker said.
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

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Longform

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As climate extremes intensify, Japan embraces ancient weather rituals
By Alex K.T. Martin

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