Business / Corporate Sep 28, 2016

Toshiba more than doubles profit outlook as yen drives sales

Toshiba Corp. raised its forecast for first-half operating profit to ¥70 billion from ¥30 billion, crediting growth in storage and electronic devices for a more than doubling of its earnings outlook. A weaker-than-expected yen and sales of hard drives and smartphone memory are the main ...

Business / Economy Dec 22, 2015

Japanese economy forecast to grow 1.7% in fiscal 2016

The Japanese economy is expected to grow about 1.7 percent in real terms in fiscal 2016 starting next April, led by recovering consumer spending and solid capital investment, the government said Tuesday. In nominal terms, gross domestic product will likely expand around 3.1 percent in ...

OECD upgrades Japan's growth outlook for 2015, 2016

Business / Economy Mar 19, 2015

OECD upgrades Japan's growth outlook for 2015, 2016

The Organization for Economic Cooperation and Development on Wednesday upgraded its growth outlook for the economy for 2015 and 2016, aided by lower oil prices that are expected to boost global demand. In its interim economic assessment report, the Paris-based organization said Japan's economy is ...

Sony expected to lower profit outlook again

Business / Corporate Jan 24, 2014

Sony expected to lower profit outlook again

by Mariko Yasu

Nintendo Co. shocked investors last week by lowering its profit forecast for the year. Analysts are concerned Sony Corp. could be next. At least nine analysts cut their profit estimates for Sony over the past two months after slow holiday sales of televisions, personal computers ...

Business / Economy Jul 19, 2013

April-June GDP forecast faces upgrade to 3%

Economists are projecting that the economy grew at an annualized rate of around 3 percent in the three months to June, surpassing the government's growth target for raising the consumption tax next April. The projections, offered in terms of inflation-adjusted gross domestic product, were revealed ...

Toshiba sees profit hike on chip demand

Business / Corporate May 9, 2013

Toshiba sees profit hike on chip demand

Toshiba Corp. on Wednesday forecast a 29 percent gain in full-year profit on higher demand for semiconductors and power equipment. Net income may be ¥100 billion for the year ending March 31, compared with ¥77.5 billion a year earlier, the company said in a statement. ...