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May 03, 2024
 

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Toyota raised its annual net profit forecast to a record high ¥4.5 trillion in the year ending in March.
BUSINESS / Companies
Feb 6, 2024
Toyota raises annual net profit forecast as chip shortage eases
But scandals involving rigged engine and safety tests at subsidiaries led the firm to slightly revise down its sales target for the financial year.
Nomura Holdings plans a buyback of up to ¥100 billion.
BUSINESS / Companies
Feb 1, 2024
Nomura’s trading overhaul advances as CEO plans buyback
Nomura Holdings plans a buyback of up to ¥100 billion.
Cars ready to be loaded onto a ship for export at the port in Yantai, in China's eastern Shandong province, on Jan. 2
BUSINESS / Economy
Jan 31, 2024
China seized Japan's crown for vehicle exports in 2023, data shows
The Chinese auto sector has boomed in recent years largely because of massive investments in electric cars, while Japanese firms have been more cautious.
Foreign tourists at a duty-free counter in a department store in Tokyo
BUSINESS
Jan 26, 2024
Duty-free sales at Japan department stores hit record high in 2023
The rise reflected the weak yen, as well as an increase in the number of foreign visitors to Japan.
Shoppers browse vegetables at a supermarket in Chiba. Sales at all supermarkets totaled ¥13.56 trillion, with price hikes in food items boosting overall sales despite shoppers buying fewer items, according to the Japan Chain Stores Association.
BUSINESS
Jan 23, 2024
Japan's supermarket sales grow 2.4% in 2023 on price hikes
Sales at all supermarkets totaled ¥13.56 trillion ($91.9 billion), with price hikes in food items boosting overall sales despite shoppers buying fewer items.
Average spending per customer at convenience stores increased 1.1% to ¥723.5 in 2023, but the outlook remains uncertain as inflation drags on.
BUSINESS / Economy
Jan 23, 2024
Japan's convenience store sales rise 4.1% to record high in 2023
Average spending per customer increased 1.1% to ¥723.5, but the outlook remains uncertain as inflation drags on.
While Apple has dominated the holiday quarter in recent years, its surge ahead of Samsung over a full year is unprecedented and suggests Apple is weathering an industrywide slump better than its rivals.
BUSINESS / Companies
Jan 17, 2024
Apple passed Samsung as world’s top phone-maker in 2023
Apple's surge ahead of Samsung over a full year is unprecedented and suggests Apple is weathering an industrywide slump better than its rivals.
Fast Retailing, the operator of Uniqlo stores, says strong overseas sales drove a 25% rise in first quarter operating profit.
BUSINESS / Companies
Jan 12, 2024
Uniqlo operator Fast Retailing's Q1 profit soars on strong overseas sales
Profit was ¥146.7 billion ($1.01 billion) in the three months through November compared with ¥117.1 billion a year earlier.
Toyota's global production jumped 11% in November to a record level, bouncing back from last year's supply chain disruptions and benefiting from robust demand both in Japan and overseas.
BUSINESS / Companies
Dec 27, 2023
Toyota saw record November sales on demand from U.S. and Europe
Global sales — including that of subsidiaries Hino and Daihatsu — rose 12% from a year earlier to 986,262 units.
Starbucks' stock has fallen for the past two weeks amid concern about "still-slow China data” and sales trends, according to one analyst.
BUSINESS / Companies
Dec 5, 2023
Starbucks heads for record losing streak as sales concerns mount
An 11-day stock slump has erased 10% of the coffee giant's market value, or nearly $12 billion.
Toyota posted record October global sales and production on strong demand for its cars in North America and Europe.
BUSINESS / Companies
Nov 29, 2023
Toyota's October global output hits record despite supplier issue
The world's largest automaker by sales said it produced 900,285 vehicles worldwide, up 16.7% from the same period a year earlier.
Billionaire Elon Musk, owner of the X social media platform, pauses during an event with British Prime Minister Rishi Sunak in London on Nov. 2.
BUSINESS / Tech
Nov 25, 2023
X may lose up to $75 million in revenue as advertisers pull out
Scores of brands have pulled their ads after owner Elon Musk’s endorsement of an antisemitic conspiracy theory.
A resurgence in market activity has already helped to boost earnings at Barclays’ Japanese securities arm this year, which is likely to surpass 2022’s record profit of ¥15.1 billion.
BUSINESS
Nov 20, 2023
Barclays expects bumper Japan profit amid struggles elsewhere
The British bank is expecting another year of record profit in Japan on the back of the country’s debt and rates market trading resurgence.
Toshiba said it is considering whether to release earnings results after it delists from the Tokyo Stock Exchange on Dec. 20.
BUSINESS / Tech
Nov 14, 2023
Toshiba posts ¥52 billion net loss before delisting in Japan
The figure in the reporting period is a reversal from a net profit of ¥100.66 billion the Japanese conglomerate booked a year earlier.
Mitsubishi UFJ Financial Group announced a $2.6 billion share buyback program after fiscal second-quarter profit tripled.
BUSINESS
Nov 14, 2023
Japan’s largest banks to buy back shares after profits soar
Japan’s biggest banks have unveiled plans to boost shareholder returns after posting record first-half profits, thanks in part to a cheaper yen.
Mizuho's main lending business has stayed strong as economic activity continues to normalize from the COVID-19 pandemic, helping the bank press down credit costs.
BUSINESS / Companies
Nov 13, 2023
Mizuho hikes profit forecast on robust economic outlook
The lender raised its profit forecast to ¥640 billion from ¥610 billion, outpacing the ¥625.56 billion average estimate of 14 analysts.
Toshihiro Mibe, president and chief executive officer of Honda at the Japan Mobility Show, in Tokyo in October
BUSINESS / Companies
Nov 12, 2023
Booming profits bolster Japan automakers’ cautious EV shift
The Japanese auto sector is on track this year to exceed its peak operating profit of around ¥5.4 trillion in fiscal 2015.
Group net profit at Tokyo Disney Resort operator Oriental Land doubled to a record ¥54.5 billion in the April-September period, boosted by the popularity of events marking Tokyo Disneyland's 40th anniversary and a steady rebound in foreign visitors.
BUSINESS / Companies
Nov 10, 2023
Many Japanese firms log higher April-September net profits
The normalization of economic activity from the COVID-19 crisis and the depreciation of the yen have boosted earnings.
Honda raised its full-year net profit forecast to ¥930 billion.
BUSINESS / Companies
Nov 9, 2023
Honda and Nissan hike full-year forecasts
The car giants, however, also pointed out that fierce price competition in China was posing a challenge for Japanese automakers.
SoftBank Group booked a ¥789 billion quarterly loss as it took a hit from the bankruptcy of WeWork.
BUSINESS / Companies
Nov 9, 2023
SoftBank books ¥789 billion quarterly loss
SoftBank's loss marks its fourth straight quarter in the red as the tech giant struggles amid a weak yen.
Weak yen fattens tourist wallets in Japan
People visit the Ameya Yokocho market in Tokyo's Ueno district during the Golden Week holiday on Tuesday.
Biden calls ally Japan ‘xenophobic’ along with rivals China and Russia
U.S. President Joe Biden speaks in Syracuse, New York, on April 25.
Number of vacant homes in Japan hits record high of 9 million
A vacant house in Tokyo is seen demolished in January 2020.
Saudi Arabia steps up Gaza-related arrests as Israel ties edge closer
The arrests for Gaza-related posts indicate Crown Prince Mohammed bin Salman’s regime will take a hard line against citizens not toeing the line when it comes to normalizing ties with Israel.
'So hot you can't breathe': Extreme heat hits the Philippines
A pedestrian cools himself with a folding hand fan as he waits for a ride along a road in Manila on Wednesday, as extreme heat hit the Philippines.
Kishida sets sights on energy and climate in South America trip
Prime Minister Fumio Kishida will use a policy speech in Sao Paulo to set out his vision for ties between Japan and South America, almost 10 years after former Prime Minister Shinzo Abe advocated for stronger ties between the two in the same city.
Yellow sand allergy: A health issue made worse by climate change
A screenshot of the Meteorological Agency's satellite image of clouds and yellow sand (in pink) on Sunday.
Climate change, chalky grains and the risks for Japan’s rice farmers
A farmer plants seedlings in Satsumasendai, Kagoshima Prefecture. Japan’s self sufficiency rate for rice is nearly 100%, compared with 38% for food overall, on a calorie basis.
Japan wants you to spend more with ‘luxury tourism’
Performers play a traditional drum unique to Wajima, Ishikawa Prefecture, in the prefectural capital of Kanazawa on March 16 to mark the extension of the Hokuriku Shinkansen line to Tsuruga Station in Fukui Prefecture.
Theaster Gates’ ambitious ‘Afro-Mingei’ brings Black Chicago to Tokyo
Theaster Gates' “A Heavenly Chord” lines up church pews before seven speakers and a Hammond B3 organ, a type of electric organ prevalent in Black American churches.

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