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April 25, 2025
 

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FINANCIAL RESULTS

Nissan sees its operating income plunging to just ¥150 billion in the fiscal year ending in March, down 70% from its previous forecast.
BUSINESS / Companies
Nov 7, 2024
Nissan cuts outlook and announces restructuring with 9,000 job cuts
The firm sees its operating income plunging to ¥150 billion in the fiscal year ending in March, down 70% from its previous forecast.
A pharmacist displays boxes of Ozempic in Provo, Utah.
BUSINESS
Nov 6, 2024
Obesity drug maker Novo Nordisk posts strong profit
Europe's most valuable company and the main driver of the Danish economy said it expected its 2024 full-year sales to be up by 23% to 27% from a year earlier.
Nintendo reported ¥27.7 billion in net profit in the July-September quarter, down 69% year on year.
BUSINESS / Companies
Nov 6, 2024
Nintendo Switch sales drop as successor console looms
Despite the decline, sales continue to be robust in comparison to past Nintendo platforms in the same year, Nintendo said.
Toyota posted its first quarterly profit drop in two years, as slowing sales and production volume stalled the world's top-selling automaker's recent record run.
BUSINESS / Companies
Nov 6, 2024
Toyota keeps profit outlook despite weakness in Japan and China
The carmaker showed signs of recovery from domestic scandals in Japan and major recalls in the United States.
A FamilyMart convenience store in Tokyo. Around-the-corner stores iconic to Japan help the trading houses to monetize on their food and apparel businesses.
BUSINESS / Companies
Nov 6, 2024
Food and FamilyMart drive Itochu's half-year profit up 6%
Itochu kept its net profit forecast for the year unchanged at ¥880 billion, of which 24% is projected from food, textiles and the division where FamilyMart belongs.
Seiji Izumisawa, the CEO of Mitsubishi Heavy Industries, said at a briefing that while currency fluctuations and inflation make the future unpredictable, strong order intakes are encouraging.
BUSINESS / Companies
Nov 5, 2024
Mitsubishi Heavy net income falls, but orders still solid
Shares in the company fell 2.5% Tuesday after it reported that net income for the June-September period failed to meet analysts’ average estimate.
In the April-September period, Nintendo logged net profit of ¥108.7 billion ($710 million), down 60% from the same period a year earlier.
BUSINESS / Companies
Nov 5, 2024
Nintendo lowers sales forecast as first-half profits plunge
The video game giant now expects sales of ¥1.28 trillion, down from the previous estimate of ¥1.35 trillion, and also issued a less optimistic operating profit forecast.
Toyota is expected to report a 14% year-on-year operating profit decline in July-September, to ¥1.2 trillion ($7.9 billion), according to an average estimate by analysts.
BUSINESS / Companies
Nov 5, 2024
Toyota to post first profit drop in 2 years as demand cools after big run
Toyota is expected to report a 14% year-on-year operating profit decline in July-September, to ¥1.2 trillion ($7.9 billion), according to an average estimate by analysts.
Nomura Holdings Chief Financial Officer Takumi Kitamura (center) speaks during a news conference in Tokyo on Friday.
BUSINESS / Companies
Nov 1, 2024
Nomura's profit beats estimates, though scandals cloud outlook
Net income more than doubled from a year earlier to ¥98.4 billion in the three months ended Sept. 30.
Takeda Pharmaceutical raised its full-year operating profit guidance to ¥265 billion from ¥225 billion, citing a stronger than expected first-half performance and updated currency assumptions.
BUSINESS
Oct 31, 2024
Japan's Takeda raises full-year profit forecast amid restructuring
Takeda raised its full-year operating profit guidance to ¥265 billion from ¥225 billion, citing a stronger than expected first-half performance.
Toyota's worldwide production fell for an eighth straight month in September, as both sales and output declined in its two biggest markets, the United States and China.
BUSINESS / Companies
Oct 30, 2024
Toyota sales fall in Japan and China, as hybrid demand grows in U.S.
Toyota’s sales in Japan shrank nearly 17% this year between January and September.
Singapore's Marina Bay Sands at dusk on Sept. 17
BUSINESS / Tech
Oct 28, 2024
AI boom and wild weather take spotlight in Southeast Asian earnings
Stronger currencies, driven in part by the Federal Reserve’s pivot to interest-rate cuts, also buoyed stocks.
Starting on Nov. 5, the Tokyo Stock Exchange will extend its stock trading hours by 30 minutes to 3:30 p.m.
BUSINESS / Companies
Oct 13, 2024
200 listed firms in Japan to postpone earnings disclosure
The delay in disclosure signals that companies make light of investors and increases the risk of insider trading, critics said.
FamilyMart's net profit nearly doubled to ¥65.4 billion in the first six months of its fiscal year, though its operating revenue fell 1.4% to ¥257.5 billion.
BUSINESS / Companies
Oct 12, 2024
Lawson and FamilyMart post higher first-half profits
FamilyMart's net profit nearly doubled to ¥65.4 billion in the first six months of its fiscal year, though its operating revenue fell 1.4% to ¥257.5 billion.
Fast Retailing booked its third consecutive year of record earnings on Thursday.
BUSINESS / Companies
Oct 10, 2024
Uniqlo owner Fast Retailing posts 31% rise in full-year profit, beats estimates
Operating profit rose 31% to ¥500.9 billion in the 12 months through August from ¥381.1 billion a year earlier.
Nike has been particularly criticized for failing to prioritize runners, one of its key markets.
BUSINESS / Companies
Oct 2, 2024
Nike seeks to wipe slate clean for new CEO and withdraws guidance
Investors are looking for the new CEO to rebuild Nike’s frayed relationships with retailers and staff who’ve lost faith in the company’s trajectory.
Volkswagen expects to deliver fewer vehicles this year than in 2023 — its fourth annual sales slump in five years.
BUSINESS / Companies
Sep 30, 2024
Volkswagen’s second profit warning exposes a carmaker in decline
The company expects to deliver fewer vehicles this year than in 2023.
A Toyota Rav-4 Prime charges at an electric vehicle charging station in New York on Sept. 3. Toyota's sales fell again in August after declines in Japan and China put an end to a short-lived recovery.
BUSINESS / Companies
Sep 27, 2024
Toyota production falls on vehicle safety scandals and U.S. recalls
Global output, including that of subsidiaries Daihatsu Motor and Hino Motors, dropped in August by 12.6% from a year earlier
In the first quarter of fiscal 2024, the combined profits at both the manufacturing and nonmanufacturing sectors marked record highs.
BUSINESS / Companies
Sep 3, 2024
Japanese companies mark record combined profits in April-June
Nonfinancial companies' internal reserves at the end of fiscal 2023 grew 8.3% from a year earlier, topping ¥600 trillion for the first time.
An electric stock board displays the rate of the yen against the U.S. dollar at the Tokyo Stock Exchange in early August.
BUSINESS / Markets
Aug 31, 2024
Yen’s rapid advance pressures earnings once thought easy to beat
With stronger signals coming from the Bank of Japan and Federal Reserve, the yen has gained 3.5% against the dollar since the end of July.
Japan must correct Trump’s false data for trade talks, says Kono
Former Foreign Minister Taro Kono
Japan wants to 'separate' tariff and security issues. That may be tough.
Japan’s chief tariff negotiator, Ryosei Akazawa, poses with a "Make America Great Again" cap at the White House in Washington on April 16.
Social media helps fuel growing 'sex tourism' in Japan
People walk down a street in the red-light entertainment area of Kabukicho in the Shinjuku district of Tokyo on March 31.
Japan set to fine cyclists on the spot for rule violations from 2026
Under new rules, those who use smartphones while riding a bicycle would be subject to the maximum fine of ¥12,000.
Naked man’s rampage in Saitama linked to one fatality and 10 injured
Police believe Daisuke Nishimura may have been involved in roughly 20 incidents in the 90 minutes leading up to his arrest, including a fatal hit-and-run and multiple assaults.
Amid uncertain tariffs, is now the time to buy a new iPhone?
An Apple store in Tokyo's Shibuya Ward in September. Prices for the newest iPhone models start at around ¥100,000 ($700) in Japan.
Built in a flash, Osaka Expo pavilions wrestle with sustainability
Kengo Kuma & Associates oversaw the construction of the Malaysia pavilion, which is encased in interwoven rows of bamboo that appear to ripple.
Japan weighs using U.S. rice imports as tariff negotiation tool with Trump
A restaurant owner pours California-grown Calrose rice into a rice cooker at his restaurant in Tokyo
Is Japan’s parliament ready to welcome more youth to its ranks?
Lower House lawmaker Kai Odake in his Tokyo office on Wednesday
Crow meat, goat tartare: Mauvaise Herbe raises its game
Crow meat, shaped into a ball and attached to a foot of the bird, is one of the peculiar offerings of game at Mauvaise Herbe.

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