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November 21, 2024
 

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FINANCIAL RESULTS

NVIDIA's founder and CEO Jensen Huang delivers a keynote address in San Jose, California, on Mar. 18.
BUSINESS / Tech
Nov 21, 2024
Nvidia's AI chip demand still booming but slowing sales worry investors
The company is in the middle of launching its powerful Blackwell artificial intelligence chips, which will weigh on gross margins initially but improve over time.
Kazuto Oku in Tokyo on Tuesday
BUSINESS / Economy
Nov 19, 2024
Norinchukin loss to exceed $9.7 billion as bank dumps foreign bonds
Traders and investors are closely watching how Norinchukin plans to reallocate its $304 billion investment portfolio.
Nissan and its group firms have about $1.6 billion of debt due next year, a slight decrease from 2024, but that figure will jump to around $5.6 billion in 2026, the most in Bloomberg-compiled data going back to 1996.
BUSINESS / Companies
Nov 15, 2024
Nissan faces record debt bill with one year left to fix finances
The automaker and its group firms are seen having about $5.6 billion in debt due in 2026.
Mizuho Financial CEO Masahiro Kihara during a news conference in Tokyo on Nov. 14
BUSINESS / Companies
Nov 14, 2024
Japan’s biggest banks raise profit goals, unveil buybacks
Mitsubishi UFJ Financial Group, Sumitomo Mitsui Financial Group and Mizuho Financial Group now project a combined ¥3.7 trillion ($24 billion) in profit this fiscal year.
SoftBank returned to the black in the three months to September, as it benefited from higher share prices of listed companies in its Vision Fund investment vehicles.
BUSINESS / Companies
Nov 12, 2024
SoftBank back to quarterly profit with ¥1.18 trillion gain
The tech giant benefited from higher share prices of listed companies in its Vision Fund investment vehicles.
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.
Ishiba delays meeting with Trump, citing legal restrictions
Prime Minister Shigeru Ishiba waves upon arrival for the Asia-Pacific Economic Cooperation forum, in Callao, Peru, on Friday.
Two of America’s biggest debt holders are dumping Treasurys
The U.S. Treasury building in Washington. Investors in Japan and China sold a pile of U.S. debt in the last quarter, just before the U.S. presidential election.
Rising sex tourism exposes loopholes in Japan's anti-prostitution law
While financial misfortunes during the COVID-19 pandemic may have driven some women to work the streets, others simply want more money to spend — or want to pay off their debts — at host clubs.
Japan ranks last in romance satisfaction for second straight year
In a survey of 31 countries, Japan ranked last in terms of those who felt loved, with just 51% of respondents saying so.
Ruling coalition and DPP strike last-minute deal over economic policy
DPP policy chief Makoto Mahaguchi speaks at the party's policy gathering in Tokyo on Wednesday.
Japan, U.K. and Italy discuss inviting more countries to joint fighter project
A new concept model of a next-generation fighter jet to be jointly developed by Japan, Britain and Italy is on display in Farnborough, Hampshire, in July.
Haruki Murakami's 'The City and Its Uncertain Walls' gives deep deja vu
For “The City and Its Uncertain Walls,” translated into English by Philip Gabriel, Haruki Murakami confronts the ghosts who won't leave him alone.
Japanese expats in Asia find community through rugby
The Taiwan Fivewoods celebrate their victory at the 2023 Asian Japanese Rugby Cup in December of last year.
In Fukushima, a weekend of prose, poetry and translation
Aomori-based writer JJ Carter presented on tabletop gaming as creative inspiration for building characters and narratives.
For Dr. Nakamats, aging is just experience in action
Though he didn't win the recent gubernatorial election in Tokyo, the 96-year-old Dr. Nakamats' run was seen as inspirational in Japan's aging society.

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