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May 15, 2025
 

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FINANCIAL

Cars on display at Nissan's headquarters in Yokohama on Tuesday. The automaker posted a massive annual net loss and confirmed that it plans to cut thousands of jobs worldwide.
BUSINESS / Companies
May 14, 2025
Japanese automakers looking at a ¥1 trillion hit from Trump tariffs 
No matter what happens, they expect the new levies to cost them a lot.
A Sony PlayStation 5 controller
BUSINESS / Companies
May 14, 2025
Sony profit forecast flattens under ¥100 billion tariff burden
New Sony Chief Executive Officer Hiroki Totoki’s first task is to navigate the entertainment group though a new era of a tariff-wielding United States.
SoftBank Group reported net income of ¥517.18 billion ($3.5 billion) in its fiscal fourth quarter, helped by the Vision Fund, which swung to a profit of ¥26.1 billion.
BUSINESS / Companies
May 14, 2025
SoftBank profit doubles as AI demand boosts chip sales and startups
The results come as SoftBank plans to invest $30 billion in OpenAI while leading a $100 billion foray into building AI hardware in the U.S.
Nissan CEO Ivan Espinosa in Tokyo as the company releases its results
BUSINESS / Companies
May 13, 2025
Nissan gets ‘wake-up call’ with $4.5 billion annual net loss
The company plans more than 10,000 job cuts globally in addition to the 9,000 cuts announced previously.
Operating profit is forecast to land at around ¥500 billion ($3.4 billion) in the current fiscal year through March 2026, falling far short of analyst estimates of ¥1.35 trillion, Honda said Tuesday.
BUSINESS / Companies
May 13, 2025
Honda signals profit drop and warns of $3 billion tariff hit
Honda will have to go it alone after a tie-up with Nissan fell through as the global auto market is roiled by U.S. tariffs and intense competition in China.
Overall net profit is expected to go down 42.9% from the previous year to ¥200 billion at Nippon Steel, 18.4% to ¥75 billion at JFE Holdings and 16.8% to ¥100 billion at Kobe Steel.
BUSINESS / Companies
May 13, 2025
Three major Japan steelmakers say they expect profit falls in fiscal 2025
Overall net profit is expected to go down 42.9% from the previous year to ¥200 billion at Nippon Steel, 18.4% to ¥75 billion at JFE and 16.8% to ¥100 billion at Kobe Steel.
A branch of SMBC Nikko Securities, a unit of Sumitomo Mitsui Financial Group, in Tokyo
BUSINESS
May 12, 2025
Japan’s megabanks to remain buoyed by BOJ’s long game to hike rates
The central bank stood pat earlier this month after a cycle of rate hikes since March 2024 and halving its economic growth outlook to 0.5% for this fiscal year.
Panasonic is targeting 10,000 job cuts worldwide as part of efforts to boost profitability.
BUSINESS / Companies
May 9, 2025
Panasonic targets 10,000 job cuts worldwide
The cuts will focus on positions at consolidated companies — 5,000 in Japan and 5,000 overseas.
Nippon Telegraph and Telephone plans a buyback of shares from May 12 through March 31, a move it says is geared toward raising capital efficiency and boosting shareholder returns.
BUSINESS / Companies
May 9, 2025
NTT announces ¥200 billion buyback in capital efficiency push
The buyback from May 12 through March 31 is geared toward raising capital efficiency and boosting shareholder returns, the company said.
According to earnings reports released by Thursday, net profit is forecast to fall 47.7% to ¥250 billion at Nippon Yusen K.K., 60% to ¥170 billion at Mitsui O.S.K. Lines and 67.3% to ¥100 billion at Kawasaki Kisen Kaisha.
BUSINESS / Companies
May 9, 2025
Three major Japan shipping firms expect sharp falls in profit
The companies are projecting a drop in the transport of autos and other goods due to U.S. tariff measures.
An attendee plays Mario Kart World during the Nintendo Switch 2 Experience event in London in April.
BUSINESS / Companies
May 8, 2025
Nintendo gives conservative sales outlook for Switch 2 amid tariff concerns
The Kyoto-based company expects to ship just 15 million units of the new console in the year to March, shy of the 16.8 million average estimated by analysts.
Toyota CEO Koji Sato announces the firm's financial results during a news conference in Tokyo on Thursday.
BUSINESS / Companies
May 8, 2025
Toyota cites tariffs as it forecasts 35% drop in 2025-26 net profit
Carmakers have been among the hardest-hit by Trump's multipronged assault on free trade.
The Advanced Micro Devices headquarters in Santa Clara, California
BUSINESS / Tech
May 7, 2025
AMD and Arm offer a window into the AI landscape ahead of Nvidia earnings
Though chipmaking stocks have taken a hit this year, underlying results may show a stronger foundation for the AI trade than recent stock performance indicates.
The tie-up between Sumitomo Mitsui Banking and its new partners will target U.S. middle-market companies, according to executives.
BUSINESS / Companies
May 7, 2025
SMBC teams with private lenders to offer $1.7 billion of credit
The tie-up between the Japanese banking conglomerate and its new partners will target U.S. middle-market companies, according to executives.
Four Japanese automakers reported selling more new vehicles in the U.S. in April, driven by last-minute demand amid concerns car prices might rise due to additional tariffs.
BUSINESS / Companies
May 2, 2025
Four Japan automakers see higher U.S. sales on last-minute demand
Toyota, Honda Motor, Mazda Motor and Subaru all saw their sales rise in April.
Fuji Media Holdings President Osamu Kanemitsu is set to step down from his post at a general shareholders meeting in June.
BUSINESS / Companies
May 1, 2025
After scandal, Fuji Media Holdings marks major net loss for first time
The company has also announced that President Osamu Kanemitsu, who was set to become chairman, will be stepping down.
A branch of Nomura Securities, a unit of Nomura Holdings, in Tokyo
BUSINESS / Companies
Apr 30, 2025
Nomura’s China losses narrow as brokerage seeks turnaround
The China unit has been undergoing an overhaul after its initial ambition to grow its wealth management business veered off track during the pandemic.
Microsoft signage in New York on Oct. 25, 2024. Microsoft’s sudden decision to pause work on some data centers suggests cloud computing providers may be reevaluating expenditures.
BUSINESS / Tech
Apr 29, 2025
Big Tech’s earnings problem is estimates may be way too high
There’s little expectation executives will be able to give estimates with any degree of confidence, given the high level of macroeconomic uncertainty.
Net income at Daiwa Securities Group tumbled 24% year-on-year to ¥30 billion ($208 million) in the three months ended March 31.
BUSINESS / Companies
Apr 29, 2025
Japanese brokerages struggled with volatility even before tariffs
Net income at Daiwa tumbled 24% year-on-year to ¥30 billion ($208 million) in the three months ended March 31, marking the first decline in eight quarters.
A Maruti Suzuki concept electric SUV at a trade show in Gandhinagar, India, last January
BUSINESS / Companies
Apr 25, 2025
Maruti Suzuki profit misses estimate on higher input costs
The disappointing earnings for the sector leader come amid a broader consumption slack in the world’s most populous country.
Transport ministry issues warning to Haneda Airport operator
The operator of Tokyo's Haneda Airport has been warned by the government over its inappropriate transactions.
Success of Chinese-made fighter jets against India raises alarm in Asia
Chinese J-10 fighter jets from the People's Liberation Army Air Force August 1st Aerobatics Team perform during a media demonstration at the Korat Royal Thai Air Force Base, Nakhon Ratchasima province, Thailand, in November 2015.
One month on, Osaka Expo urged to boost heat and crowd control measures
A gate to the Osaka Expo site is crowded with visitors on Monday.
Xi defiance pays off as Trump meets most China trade demands
Then-Chinese Vice President Xi Jinping visits a school in South Gate, California, in February 2012. Experts say Xi won big in his standoff with U.S. President Donald Trump.
Japanese retailers turn to California rice for cheaper alternative
U.S. Ambassador to Japan George Glass eats California rice at the U.S. Embassy in Tokyo on Tuesday along with Mitsuko Tsuchiya, vice president of retailer Aeon.
Sumo title contenders already emerging in early stages of Tokyo meet
Onosato (left) battles Abi on Day 3 of the Summer Basho in Tokyo on Tuesday.
Harmfully hot days for pregnant women in Japan nearly doubled over past five years
New research by a U.S. climate scientists’ group reveals that extreme heat has increased the risks of preterm births and other pregnancy complications in Japan, nearly doubling the number of days that are harmfully hot for pregnant women over the past five years.
Japanese automakers looking at a ¥1 trillion hit from Trump tariffs 
Cars on display at Nissan's headquarters in Yokohama on Tuesday. The automaker posted a massive annual net loss and confirmed that it plans to cut thousands of jobs worldwide.
Tokyo Stock Exchange wants stocks to be affordable for the average investor
The Tokyo Stock Exchange building in Nihonbashi. The exchange wants companies to lower the entry cost of investing in their shares.
Consumption tax set to dominate Upper House election debate
Prime Minister Shigeru Ishiba enters his office in Tokyo on Tuesday.

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