Tokyo Electric Power Co., operator of the disaster-struck Fukushima No. 1 nuclear power plant, expects to post a profit next year even if unable to restart any reactors, according to a plan given to its creditor banks. Tepco will likely turn a profit for the ...
Japan is emerging as the star of Asia's latest earnings season, with most companies reporting higher-than-expected profit growth as businesses continue to benefit from Prime Minister Shinzo Abe's economic policies. Earnings per share, excluding some items, at 159 companies on Japan's Topix index have beaten ...
Major Japanese firms posted robust year-on-year profit rises in the April-June quarter due to the yen's decline, an oil price plunge and fading adverse effects of the consumption tax hike in April 2014, according to data compiled by a major brokerage. The combined pretax profits ...
Sharp Corp.'s expected first-quarter loss may deepen skepticism that demand for smartphone displays will fuel a recovery strong enough to meet its full-year profit target. The company on Friday will probably post an operating loss of ¥19.4 billion for the three months ended June 30, ...
Toshiba Corp. has announced an additional round of punishments over its accounting scandal — pay cuts affecting 16 executives, including Chairman and President Masashi Muromachi — and the resignation of another executive. Muromachi will have his executive salary slashed by half for an undecided period ...
General Motors Co on Wednesday forecast its 2015 operating profit will increase from last year due mostly to growth in its two largest auto markets, China and the United States. As it moves past a year marred by massive recalls from a defective ignition switch ...
The overall first-half profits of Japan's five major banking groups is expected to be down about 10 percent from a year earlier, hurt by weaker loan demand amid slower economic growth in the country, sources close to the matter said Friday. The combined group net ...
Toyota Motor Corp. President Akio Toyoda, whose company has accumulated a cash pile of almost ¥4 trillion, is facing calls to put that money to better use. The world's largest carmaker is seeing profits surge as the yen weakens and demand rises in the U.S. ...
Panasonic Corp. posted third-quarter profit that beat analysts' estimates as the television maker stops making plasma sets to speed up reforms and recover from back-to-back annual losses. Net income rose 20 percent to ¥73.7 billion in the three months that ended Dec. 31, the Osaka-based ...
Companies that made tough decisions about exiting businesses, closing factories and revamping management led to a doubling of corporate earnings last quarter, now at the highest level since 2007. Net income jumped to about ¥5.5 trillion at more than 1,280 of the largest listed nonfinancial ...
Video game maker Nintendo sinks to a loss in the latest quarter as sales of its Wii U game console continue to be eroded by a shift to gaming on smartphones and tablets.
Sony Corp., considering Daniel Loeb's push for a partial sale of its entertainment assets, said Thursday it posted first-quarter earnings that beat estimates after cutting costs, introducing new smartphones and benefiting from a weaker yen. Net income totaled ¥3.48 billion in the three months that ...
