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November 22, 2024
 

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FINANCIAL RESULTS

Nike has been particularly criticized for failing to prioritize runners, one of its key markets.
BUSINESS / Companies
Oct 2, 2024
Nike seeks to wipe slate clean for new CEO and withdraws guidance
Investors are looking for the new CEO to rebuild Nike’s frayed relationships with retailers and staff who’ve lost faith in the company’s trajectory.
Volkswagen expects to deliver fewer vehicles this year than in 2023 — its fourth annual sales slump in five years.
BUSINESS / Companies
Sep 30, 2024
Volkswagen’s second profit warning exposes a carmaker in decline
The company expects to deliver fewer vehicles this year than in 2023.
A Toyota Rav-4 Prime charges at an electric vehicle charging station in New York on Sept. 3. Toyota's sales fell again in August after declines in Japan and China put an end to a short-lived recovery.
BUSINESS / Companies
Sep 27, 2024
Toyota production falls on vehicle safety scandals and U.S. recalls
Global output, including that of subsidiaries Daihatsu Motor and Hino Motors, dropped in August by 12.6% from a year earlier
In the first quarter of fiscal 2024, the combined profits at both the manufacturing and nonmanufacturing sectors marked record highs.
BUSINESS / Companies
Sep 3, 2024
Japanese companies mark record combined profits in April-June
Nonfinancial companies' internal reserves at the end of fiscal 2023 grew 8.3% from a year earlier, topping ¥600 trillion for the first time.
An electric stock board displays the rate of the yen against the U.S. dollar at the Tokyo Stock Exchange in early August.
BUSINESS / Markets
Aug 31, 2024
Yen’s rapid advance pressures earnings once thought easy to beat
With stronger signals coming from the Bank of Japan and Federal Reserve, the yen has gained 3.5% against the dollar since the end of July.
Toyota Motor's global sales — including subsidiaries Daihatsu Motor and Hino Motors — rose 0.7% to 924,918 units in July.
BUSINESS
Aug 29, 2024
Toyota sales overcome U.S. woes for first growth in six months
Toyota Motor’s sales eked out growth for the first time in six months on strong demand in Europe and Japan.
The yen's rebound is clouding an outlook for Japanese firms' earnings that have enjoyed a boost from the weak yen.
BUSINESS / Companies
Aug 22, 2024
Yen’s rebound threatens earnings growth in Japan
Weak demand in China and the risk of a slowing U.S. economy are fueling worries about how sustainable their earnings growth will be.
Major Japanese restaurant chains posted solid earnings for the first half of the year or the quarter ended in June, as price increases boosted per-customer spending.
BUSINESS / Companies
Aug 15, 2024
Japanese restaurant chains post solid earnings
The chains successfully attracted customers after price increases by actively launching new menus and limited-time products.
Shiseido's sales in China are still sluggish as consumers remain reluctant to buy Japanese products over the discharge of treated water from the wrecked Fukushima nuclear power plant.
BUSINESS / Companies
Aug 8, 2024
Shiseido posts steepest drop since 1987 on anemic China demand
The company reported a January-June operating loss of ¥2.7 billion ($18.4 million), compared with profit of ¥13.6 billion a year earlier.
SoftBank Group CEO Masayoshi Son is preparing a big artificial intelligence bet.
BUSINESS / Companies
Aug 6, 2024
SoftBank to log slim profit ahead of Masayoshi Son’s next AI bet
Emerging from a month of sharp selloffs, the investment firm is expected to report a net income of ¥1 billion for the June quarter.
Nippon Steel Vice Chairman Takahiro Mori holds a news conference in Tokyo on Thursday.
BUSINESS / Companies
Aug 4, 2024
Nippon Steel raises full-year profit forecast, confident on U.S. Steel deal
Net profit in April-June, its first quarter, fell 11% from a year earlier to ¥157.6 billion, but exceeded analyst expectations of ¥108.7 billion as per LSEG data.
Toyota's hybrids are selling well in North America, making up for sluggish demand for its vehicles in Japan and China.
BUSINESS / Companies
Aug 1, 2024
Toyota quarterly profit rises 17% on year as weak yen drives U.S. demand
Despite ongoing turmoil from a government probe that found issues with vehicle certifications, analysts still project the carmaker will post a record profit this year.
Jera reported ¥93.4 billion in profit for the April-June quarter, down 48% from the year-before period.
BUSINESS / Companies
Aug 1, 2024
JERA's April-June profit halves; Taketoyo plant remains shut
The 1,070-megawatt (MW) Taketoyo power station in Aichi Prefecture has been shut since it was hit by a fire on Jan. 31.
The Nomura Securities headquarters in Tokyo. Net income tripled from a year earlier to ¥68.9 billion ($446 million) in the three months ended June 30, the company said.
BUSINESS / Companies
Jul 30, 2024
Nomura profit triples on jump in wealth management and trading
Net income tripled from a year earlier to ¥68.9 billion ($446 million) in the three months ended June 30, the company said.
Toyota's global sales declined 4.7% in the first half of this year compared to the same period the year before.
BUSINESS / Companies
Jul 30, 2024
Toyota first-half sales fell even as hybrids and EVs gained in U.S.
Toyota’s global output — including that of subsidiaries Daihatsu Motor and Hino Motors — dropped 9.8% versus the first six months of 2023 to about 5 million units.
With the Bank of Japan seen raising rates this year, there are heightened expectations that banks’ profitability will improve.
BUSINESS / Companies
Jul 26, 2024
Expectations high for Japan’s bank results to spur stock rally
Japanese lenders are set to report quarterly results that for the first time fully reflect the end of negative rates next week.
Nissan initially had an early-mover advantage when it launched the Leaf in 2010, the first electric vehicle by a major global manufacturer, but the company recently has been unable to leverage its EV edge.
BUSINESS / Companies
Jul 26, 2024
Nissan's global production cuts imperil CEO’s recovery plan
Nissan’s disappointing results only add to the challenges facing CEO Makoto Uchida.
Nissan's operating profit for the April-June period totaled ¥995 million, compared with ¥128.6 billion in the same period a year earlier.
BUSINESS / Companies
Jul 25, 2024
Nissan shares hammered as Q1 profit wiped out by U.S. discounts
The automaker has cut its operating profit forecast for the financial year by 17% to ¥500 billion from ¥600 billion.
Nidec separately announced it signed a memorandum of understanding on Monday with Tata Elxsi, an Indian technology service provider, to develop software programs for India and other markets.
BUSINESS / Tech
Jul 23, 2024
Japan's Nidec lifts annual profit outlook after first quarter
The company raised its expectations for operating profit in the financial year to the end of March 2025 to ¥240 billion ($1.53 billion).
Fast Retailing’s expansion into the U.S. and Europe is paying off, with a strong performance in those markets helping to make up for a sharp deceleration in China.
BUSINESS
Jul 11, 2024
Fast Retailing’s push into western markets softens China slump
The company behind popular brands Uniqlo and GU raised its full-year forecast for operating income to ¥475 billion ($2.9 billion) from ¥450 billion.
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.
Ishiba aggravates his own political failures with diplomatic faux pas
Prime Minster Shigeru Ishiba is greeted at the APEC summit in Lima by Canadian Prime Minister Justin Trudeau on Friday. The Japanese leader was criticized for remaining seated while meeting several world leaders at the event.
Japan's 3.31 million visitors in October set monthly record
Kiyomizu Temple in Kyoto in December 2023. Famous autumn leaf colors contributed to increased tourism demand last month from many markets across Asia, Europe and North America, the Japan National Tourism Organization has said.
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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