Tag - financial-results

 
 

FINANCIAL RESULTS

Sony has prioritized acquiring more content and intellectual property rights at a time when the company’s hardware efforts are stagnating.
BUSINESS / Companies
Feb 13, 2025
Sony lifts forecast on expectations of game and music improvement
Sony has prioritized acquiring more content and intellectual property rights at a time when the company’s hardware efforts are stagnating.
Volatility in the Vision Fund’s quarterly performance consistently dogs SoftBank, which has embarked on a project with OpenAI to invest $500 billion on artificial intelligence infrastructure.
BUSINESS / Companies
Feb 12, 2025
SoftBank swings to a loss ahead of big Stargate AI bet
The Tokyo-based company reported a net loss of ¥369.2 billion ($2.4 billion) for the fiscal third quarter amid volatility in its Vision Fund unit.
Kobayashi Pharmaceutical President and CEO Satoshi Yamane apologizes for the company's health hazard scandal involving its supplement products during a news conference in Osaka on Monday.
BUSINESS / Companies
Feb 11, 2025
Kobayashi Pharma logs first net profit drop since 1999 listing
The company's net profit plunged 50.5% in the aftermath of a health scandal involving its supplements, which emerged last year.
The three megabank groups including Mitsubishi UFJ Financial Group posted record consolidated net profits in April-December 2024.
BUSINESS / Companies
Feb 9, 2025
Japan firms to log record profits — driven by finance and AI biz
Leading the growth is the financial sector, buoyed by the return of positive interest rates to Japan thanks to the Bank of Japan's rate hikes
Tokyo Electron, one of a handful of key chip gear-makers globally, revealed expansion plans after posting better-than-expected earnings.
BUSINESS
Feb 6, 2025
Tokyo Electron plans expansion despite AI spending doubts
The company, one of a handful of key chip gear-makers globally, revealed the expansion after posting better-than-expected earnings.
The stock of Nomura Holdings climbed as much as 7.7% to ¥1,077 in Tokyo on Thursday morning, the highest level since October 2008.
BUSINESS / Companies
Feb 6, 2025
Nomura soars to 16-year high as profit jump cements recovery
The stock climbed as much as 7.7% to ¥1,077 in Tokyo on Thursday morning, the highest level since October 2008.
Toyota is investing in increased capacity for electric vehicles and has unveiled plans to establish a subsidiary in Shanghai.
BUSINESS / Companies
Feb 5, 2025
Toyota raises annual profit guidance despite quarterly income drop
The automaker now expects a profit of ¥4.7 trillion ($31 billion) for the fiscal year ending March, up from its previous forecast of ¥4.3 trillion.
MUFG virtually reached its full-year profit goal with a quarter to spare, earning a record ¥1.749 trillion in the first nine months.
BUSINESS / Companies
Feb 4, 2025
MUFG profit soars in bumper earnings season for Japan banks
Japanese banks are benefiting from rising interest rates following more than a decade of ultra-easy monetary policy.
Nintendo announced in January that it will release the console's hotly anticipated successor — the Switch 2 — in 2025, but stopped short of revealing details such as pricing.
BUSINESS / Companies
Feb 4, 2025
Nintendo cuts net profit forecast as Switch sales slow
Nintendo said it will release the console's hotly anticipated successor — the Switch 2 — in 2025 but stopped short of revealing details such as pricing.
Fuji TV President Kenji Shimizu speaks to reporters at the company's headquarters in Tokyo on Thursday following a board meeting.
JAPAN
Jan 31, 2025
Fuji TV expects ¥23 billion dent in revenue over Nakai scandal
The broadcaster, projecting its ad revenue to total ¥125.2 billion in the year through March, expects to fall into the red.
Honda and Nissan announced in December that they plan to unite both brands under a single holding company.
BUSINESS / Companies
Jan 30, 2025
Case for Honda-Nissan tie-up strengthened as sales fall at both automakers
In the competitive China market, Nissan’s sales fell 12% last year while Honda saw a 30% decline.
Japanese banks are enjoying bumper earnings as they begin to benefit from rising interest rates following more than a decade of ultraeasy monetary policy.
BUSINESS
Jan 30, 2025
Sumitomo Mitsui profit beats estimates as rate hikes bolster earnings
Net income at Japan’s second-largest bank rose 54% from a year earlier to ¥410.8 billion for the three months ended Dec. 31, calculations show.
Vegetables for sale at a local supermarket in Kyoto.
BUSINESS
Jan 23, 2025
Japan supermarket sales up for fifth year in 2024
Price increases of rice and vegetables such as cabbage pushed up overall sales while the number of purchased items continued to decrease as customers became thriftier.
Mizuho's CEO Masahiro Kihara said on Wednesday that domestic corporate banking, asset and wealth management, as well as global and corporate and investment banking, would all contribute to growth.
BUSINESS / Companies
Jan 23, 2025
Mizuho head sees profit reaching ¥1 trillion in three to four years
Mizuho previously projected record annual net income of ¥820 billion for the current fiscal year, meaning the increase would require an uplift of more than 20%.
Lawson and FamilyMart enjoyed net profit increases in the March-November 2024 period, while Seven & I Holdings suffered a sharp deterioration in its bottom line, according to their latest earnings reports.
BUSINESS / Companies
Jan 16, 2025
Lawson and FamilyMart enjoy net profit growth in March-November
FamilyMart's net profit went up 62.4% to ¥80 billion because of special profit from a realignment of Chinese operations.
Seven & I Holdings reported Thursday that its operating profit was ¥128.4 billion during the three months to the end of November, compared with ¥169 billion a year earlier.
BUSINESS / Companies
Jan 9, 2025
Seven & I profit drops despite recovery in convenience stores
Operating profit was ¥128.4 billion during the three months to the end of November, compared with ¥169 billion a year earlier.
Uniqlo owner Fast Retailing reported strong growth in revenue and operating profit for the three months through November on robust demand in Japan, North America and Europe.
BUSINESS / Companies
Jan 9, 2025
Uniqlo owner reports strong growth in Japan and Western markets
Operating profit rose 7% to ¥157.6 billion for the three months ended November from a year earlier, with sales increasing to ¥895.2 billion.
Fast Retailing’s November-ending quarter may have seen operating profit growth soften as warmer autumn-winter temperatures dented sales, even with the backdrop for consumer spending in Japan looking promising.
BUSINESS / Companies
Jan 3, 2025
Uniqlo and 7-Eleven face sales headwinds despite brighter consumer spending
Uniqlo parent Fast Retailing and Seven & i Holdings are among the first to kick off this earnings season in Asia.
A Tesla Cybertruck
BUSINESS / Companies
Jan 3, 2025
Tesla annual deliveries fall for first time as incentives fail to drum up demand
CEO Elon Musk had earlier predicted "slight growth" in 2024 deliveries and offered a range of promotions including interest-free financing and free fast-charging to boost sales.
A Shiseido at a consumer products exhibition in Haikou, China, in 2023.
BUSINESS / Companies
Nov 29, 2024
Shiseido profit outlook squeezed by China downturn, president says
Shiseido joins other luxury brands that have been hurt by slowing growth, increased competition and weaker consumer confidence in China.

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