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July 16, 2024
 

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FINANCIAL RESULTS

Japan Times
BUSINESS / Companies
May 24, 2019
Citing weakening profitability, lower margins, Moody's downgrades Nissan's credit rating to A3
Nissan Motor Co.’s credit rating was cut a notch by Moody’s Investors Service, which cited the automaker’s weakening profitability and margins over the past two years.
Japan Times
BUSINESS / Companies
May 16, 2019
Japan's mega-banks see challenging year ahead as profit drivers wane
Japan's biggest banks have warned investors of a tough year ahead.
Japan Times
BUSINESS / Companies
May 15, 2019
Japan Display to cut 1,000 workers in further restructuring
Japan Display Inc. is considering reducing its workforce by around 1,000, mainly in Japan, as the Apple Inc. supplier accelerates restructuring to cut costs, sources close to the matter said Wednesday.
Japan Times
BUSINESS / Companies / ANALYSIS
May 15, 2019
Nissan faces mounting problems on its turnaround path, analysts say
The earnings report and forecast disclosed Tuesday by the automaker underscored a big problem after the arrest and ouster of former Chairman Carlos Ghosn— stabilizing its auto business.
Japan Times
BUSINESS / Companies
May 14, 2019
Takeda expects net loss in fiscal 2019 due to cost of Shire buyout
Takeda Pharmaceutical Co. said Tuesday its profit declined in the business year ended March and it expects to book a net loss of ¥383 billion in the current year due to costs related to its buyout earlier this year of Irish drugmaker Shire PLC.
Japan Times
BUSINESS / Companies
May 14, 2019
Nissan projects weakest profit in a decade as Carlos Ghosn woes linger
Nissan Motor Co., trying to rebuild its tarnished reputation over failed corporate governance following the criminal investigation of two former executives, cut its operating profit outlook by a sharp 28 percent for fiscal 2019 to its lowest in a decade.
Japan Times
BUSINESS / Companies
May 13, 2019
Nissan pushes back on Renault's renewed efforts to merge
Nissan Motor Co. is opposing renewed efforts by alliance partner Renault SA to merge under a holding company because such a structure won't help turn it around, according to a source with knowledge of the discussions.
Japan Times
BUSINESS / Companies / ANALYSIS
May 12, 2019
Carlos Ghosn's successor, Hiroto Saikawa, under siege from within as Nissan profit sinks
Nissan chief Hiroto Saikawa finds himself under pressure from several angles, including a drop in company profits and slumping U.S. sales.
Japan Times
BUSINESS / Companies
May 10, 2019
Subaru reveals annual profit halved in fiscal 2018, releases earnings early by mistake
Subaru Corp. said Friday its operating profit for the past year has halved after it suffered a string of setbacks including production delays and mounting recalls.
Japan Times
BUSINESS / Companies
May 10, 2019
Major engineering firm Chiyoda announces ¥180 billion bailout from Mitsubishi and MUFG Bank
Chiyoda Corp., one of the world's leading builders of liquefied natural gas plants, said Thursday it will receive a total of ¥180 billion from trading house Mitsubishi Corp. and MUFG Bank to turn around its finances.
Japan Times
BUSINESS / Companies
May 9, 2019
SoftBank Group net profit grew by third to ¥1.41 trillion in fiscal 2018 as Vision Fund bets paid off
The fund has invested in 69 companies, including U.S. ride-hailing giant Uber Technologies Inc. and Indian hotel operator Oyo Hotels & Homes.
Japan Times
BUSINESS / Companies
May 8, 2019
Toyota's annual sales top ¥30 trillion, a first for a Japanese firm
Toyota Motor Corp. became the first Japanese company to report annual sales topping u00a530 trillion, thanks in large part to brisk sales in China.
Japan Times
BUSINESS / Companies
Apr 26, 2019
Sony posts record net profit for second straight year on solid game and music sales
Sony Corp. said Friday it posted a record net profit in the business year ended in March for the second consecutive year, lifted by strong sales of games and music.
Japan Times
BUSINESS / Companies
Apr 12, 2019
Suzuki to log ¥80 billion loss over recall of 2 million cars
Suzuki Motor Corp. said Friday it will book a special loss of around ¥80 billion ($714 million) for the business year ended last month over a recall of 2 million vehicles affected by improper product inspections.
Japan Times
BUSINESS / Companies
Apr 12, 2019
Fast Retailing cuts profit estimate as slowing Uniqlo sales in Japan offset brisk business abroad
Fast Retailing Co. said the brisk performance of its Uniqlo casual clothing brand in overseas markets helped lift the group's profits in its first half, but the firm also downgraded full-year estimates due to slowing sales at home.
BUSINESS
Mar 1, 2019
Japanese business spending rose 5.7% in October-December quarter from 2017
Capital spending by Japanese companies rose 5.7 percent in the October-December quarter from a year earlier, government data showed Friday.
BUSINESS
Mar 1, 2019
Japan sees first fall in corporate profits in over two years due to weak China demand and high material costs
Corporate profits in Japan were down for the first time in 2½ years in the fourth quarter of 2018 amid falling demand from China and rising costs, government data showed Friday.
Japan Times
BUSINESS / Companies
Feb 13, 2019
Toshiba cuts fiscal 2018 profit outlook on sluggish semiconductor sector
Toshiba Corp. on Wednesday sharply downgraded its group operating profit forecast for the fiscal year through March, due mainly to losses and additional costs stemming from its semiconductor manufacturing equipment and energy businesses.
BUSINESS / Companies
Feb 11, 2019
Toshiba to cut operating profit forecast by half, Nikkei says
Toshiba Corp. is preparing to cut its full-year profit forecast by at least half, hurt in part by higher expenses in its energy business, the Nikkei business daily reported, without saying where its information originated.
Japan Times
BUSINESS / Companies
Feb 7, 2019
Subaru cuts fiscal 2018 earnings forecast after plant shutdown due to power-steering defect
Subaru Corp. said Thursday it had revised downward its full-year group earnings forecast for the current business year, which runs through March, amid declining production and sales, after it temporarily shut down a factory over a power-steering defect on certain models.
Who needs AI when you have Hatsune Miku?
Over the first six months of 2024, a handful of songs using Vocaloid singer Hatsune Miku’s voice have enjoyed widespread attention, underlining a global interest in the character and the technology she represents.
Bloodied Trump survives assassination attempt at political rally
Former U.S. President Donald Trump is surrounded and evacuated by Secret Service agents at a campaign rally in Butler, Pennsylvania, on Saturday. Trump was rushed off stage at the rally after shots rang out.
Shooter came within inches of killing Trump, but left few clues as to why
An aerial view shows the stage where Republican presidential candidate and former U.S. President Donald Trump had been standing during an assassination attempt the day before, and the roof of a nearby building where a gunman was shot dead by law enforcement, in Butler, Pennsylvania, on Sunday.
Yen’s woes seem too big for even a BOJ hike this month to solve
The Bank of Japan headquarters in Tokyo
How to beat Japan’s summer heat in ways better for the planet
Tenugui towels hang up to dry at a dyeing company in Sakai, Osaka Prefecture, on May 8. The durable and versatile tenugui, which many people have in their homes, can be used in many ways to cool one’s body.
How to beat Japan’s summer heat in ways better for the planet
Tenugui towels hang up to dry at a dyeing company in Sakai, Osaka Prefecture, on May 8. The durable and versatile tenugui, which many people have in their homes, can be used in many ways to cool one’s body.
After Trump shooting, U.S. presidential race might take a violent turn
United States Secret Service Counter Snipers stand guard on a rooftop during a campaign rally for U.S. President Donald Trump in Avoca, Pennsylvania, in 2020.
No AC this summer? No problem (for me).
Think air conditioning is a requirement for a Tokyo summer? Think again.
She’s paying ¥1 million to help behind the scenes at the Paris Olympics
Mai Tarumi, who previously volunteered at the postponed Tokyo Olympics in 2021, has a travel budget of ¥1 million for her trip to volunteer at the Paris Games.
How to tweak your diet when temperatures spike
Most people think of hydration as a strictly liquid-based concept, but eating foods with high water content is an essential part of making it through a Japanese summer unscathed.

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