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September 17, 2024
 

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Toyota's global sales, including those of subsidiaries Daihatsu and Hino, fell 4.5% last month from a year earlier to 835,788 vehicles.
BUSINESS
May 30, 2024
Toyota sales and output fall on Prius recall and dip in China
Global sales, including those of subsidiaries Daihatsu Motor and Hino Motors, fell 4.5% last month from a year earlier.
Toyota President Koji Sato announces the company's earnings results in Tokyo on May 8.
BUSINESS / Companies
May 17, 2024
Japan firms brace for earnings slumps after marking record profits
Companies are concerned over the weak yen, global conflict and inflation hitting personal spending.
Japan's banks are benefiting from the Bank of Japan's policy shift and strong loan demand among their corporate clients.
BUSINESS / Companies
May 15, 2024
Japan’s biggest banks forecast record profits as rates rise
The banks are benefiting from an earnings boost following the Bank of Japan’s policy shift in March.
Sony Group is missing analyst expectations for sales as demand for its PlayStation 5 hardware wanes.
BUSINESS / Companies
May 15, 2024
Sony sales outlook misses estimates on waning demand for PS5s
Shares in Sony have been under pressure this month amid mounting speculation about the terms of its potential $26 billion bid for Paramount Global.
Rakuten logged its fifteenth consecutive quarter in the red due to losses at its mobile service network unit.
BUSINESS / Companies
May 14, 2024
Rakuten logs 15th quarter of losses on mobile woes despite record financial unit profit
While its number of mobile subscribers rose to 6.48 million at the end of March, average revenue per user increased only fractionally.
Nomura Holdings aims to almost its double pretax profit by the end of the decade.
BUSINESS / Companies
May 14, 2024
Nomura seeks to double profit by 2030 in latest growth plan
Japan’s biggest brokerage plans to generate pretax income of more than ¥500 billion ($3.2 billion) with a focus on its key wholesale division.
SoftBank is regaining its footing just as founder Masayoshi Son readies sizable investments in artificial intelligence and semiconductors.
BUSINESS / Companies
May 13, 2024
SoftBank to get more aggressive on AI after profit and asset sales
The company earned a better-than-expected net income in the March quarter, helped by investment gains.
Nissan's net profit nearly doubled in the business year that ended in March, as demand rose at home as well as in North America, Europe and China.
BUSINESS / Companies
May 9, 2024
Nissan's annual net profit nearly doubles on-year
Net profit totaled ¥426.6 billion ($2.7 billion), up 92.3% on-year.
Panasonic Energy's operating profit for the past business year fell short of its forecast due to lower electric vehicle battery production in Japan.
BUSINESS / Companies
May 9, 2024
Panasonic's battery unit misses annual profit estimate
Panasonic Energy faces fierce competition from other Asian battery makers such as China's CATL and South Korea's LG Energy Solution.
Toyota said its group net profit in the fiscal year that ended in March nearly doubled from the previous year to hit a record high, due to robust sales of hybrid vehicles.
BUSINESS / Companies
May 8, 2024
Toyota posts record net profit on weak yen and strong hybrid sales
The carmaker saw a 31% jump in sales of hybrid vehicles, bringing the total to 3.7 million, while sales of purely electric cars were 116,500.
JFE's net profit for the year ended March 31 came to ¥197.4 billion ($1.28 billion), just ahead of analysts' average forecast of ¥194.90 billion in an LSEG poll, thanks to higher steel margins.
BUSINESS / Companies
May 7, 2024
Japanese steelmaker JFE eyes overseas investments amid slower profit growth
The country's No. 2 steelmaker plans to ramp up overseas investments as part of a long-term drive to double profits.
Despite logging a record net profit in the year to March, helped by the weak yen, Nintendo expects net profit to drop nearly 40% in the current financial year.
BUSINESS / Companies
May 7, 2024
Nintendo says announcement on Switch successor 'this fiscal year'
Players and investors have been hungry for news about a successor to the Switch, and the company said a statement was finally forthcoming.
Nomura Holdings and Mizuho Bank are hit by more than $100 million of potential losses related to All Blue Capital, raising questions about their monitoring of high-risk investment funds.
BUSINESS / Companies
May 3, 2024
Nomura and Mizuho face losses after fund’s failed trades
The size of the potential losses raises questions about the risk-management practices at two of Japan’s largest banks.
Apple CEO Tim Cook attends the Wonderlust event at the company's headquarters in Cupertino, California, on Sept. 12, 2023.
BUSINESS / Companies
May 3, 2024
Apple unveils record $110 billion buyback as results beat low expectations
Apple's quarterly revenue fell, but less than analysts had expected, and CEO Tim Cook said revenue growth would return in the current quarter.
People try out the new iPhone 15 Pro in Shanghai in September 2023.
BUSINESS / Companies
May 2, 2024
Apple tapping AI to boost iPhone demand ahead of expected sales decline
Wall Street expects a slight decline in iPhone sales, and analysts estimate quarterly revenue to fall by the most since the winter of 2022.
Laxman Narasimhan has been CEO of Starbucks for just over a year.
BUSINESS / Companies
May 2, 2024
Sales slump and shares dive at Starbucks as inflation cuts thirst for treats
The global chain expressed confidence in its forecast as recently as November, saying that demand for iced shaken espressos was resilient.
A Starbucks logo adorns a store in Los Angeles in 2015.
BUSINESS / Companies
May 1, 2024
Starbucks posts first sales drop since 2020 amid global pullback
Consumers growing more hesitant to spend money has given Starbucks "perhaps the worst set of results of any large company so far," an analyst said.
An Amazon Web Services (AWS) logo is pictured during a trade fair in Hanover, Germany, on April 22.
BUSINESS / Companies
May 1, 2024
Amazon triples quarterly profit as cloud surges
The Seattle-based company reported $10.4 billion in profit on revenue of $143.3 billion
Samsung's Seocho building in Seoul on Tuesday. The electronics company said that its first-quarter operating profits had risen nearly tenfold year-on-year — a 931.8 percent increase — amid recovering chip prices and growing demand.
BUSINESS / Tech
Apr 30, 2024
Samsung says AI to drive technology demand in second half after strong Q1
The upbeat outlook sent its shares 1.8% higher after it reported a more than 10x rise in first-quarter operating profit.
Toyota's annual global sales topped 10 million units in 2023 for the first time.
BUSINESS / Companies
Apr 26, 2024
Toyota sets records for output and sales as scandals fail to dent demand
Global sales increased 5% from a year earlier to 11.1 million units, new data shows, exceeding 10 million for the first time.
Japan's elderly population grows to record 36.25 million
The proportion of people aged 65 and over has risen since the 1950s and is expected to hit 34.8% by 2040, when the second baby boomers (born 1971-1974) will join that group.
'Shogun' becomes first non-English-language winner of best drama Emmy
Japanese actress Anna Sawai, winner of the outstanding lead actress in a drama series award for "Shogun," and Japanese actor Hiroyuki Sanada, winner of the outstanding lead actor in a drama series award for the show, pose in the press room during the 76th Emmy Awards in Los Angeles on Sunday.
Japan jumps to No. 2, from sixth place, in Best Countries index
Pedestrians cross an intersection in the Shibuya district of Tokyo. Japan has experienced a postpandemic travel boom, with tourists pouring back in after restrictions closed the country’s borders to travelers.
South Korea is facing deepfake porn crisis
Activists hold up symbolic eye masks during a protest against deepfake porn in Seoul on Aug. 30.
Second assassination attempt on Trump is latest jolt in chaotic campaign
U.S. Secret Service and Homeland Security agents check a former home of a Ryan Routh, a suspect in an alleged assassination attempt on former U.S. President Donald Trump, in Greensboro, North Carolina, on Sunday.
‘Shogun’ and the painstaking art of ‘getting it right’
Hiroyuki Sanada and the cast and crew of "Shogun" accept the award for best drama series at the 76th Primetime Emmy Awards in Los Angeles, California.
Japan’s schools battle to keep kids cool, with or without AC
Students sit under a misting system during recess at Hikarigaoka Haru no Kaze Elementary School in Nerima Ward, Tokyo, on Sept. 6.
Chris Broad's new bar puts cocktails first, YouTube second
A self-proclaimed lover of great cocktails, YouTuber Chris Broad says his new Shibuya watering hole is more a place to get yourself a solid drink than it is anything related to his social media career.
In LDP presidential poll, three kingmakers hold all the cards
Prime Minister Fumio Kishida speaks at the Liberal Democratic Party headquarters in Tokyo in January as former Prime Minister Yoshihide Suga (left) looks on.
How China’s dominance of solar and batteries is impacting Japan’s energy transition
Solar panels and wind turbines at a power plant in Hami in China's Xinjiang region. The U.S. and other countries have described China’s actions against Uyghurs in the Xinjiang region, a key cog in the cleantech supply chain, as a genocidal campaign aimed at erasing an entire culture.

Podcast

One of the many entrances to the Kabukicho neighborhood in Tokyo’s Shinjuku Ward.
Kabukicho: Tokyo’s ‘stadium of desire’

Longform

A store clerk tries to cool things down in front of their shop by spraying a hose.
Is extreme weather changing the way Japan shops?
By Alex K.T. Martin

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