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September 17, 2024
 

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Softbank's Vision Fund unit swung to a profit of ¥61 billion in the quarter ended June, compared with a ¥2.33 trillion loss for the same period a year ago.
BUSINESS
Aug 8, 2023
Global tech stock rebound lifts SoftBank Vision Fund into profit
The fund logged a ¥61 billion profit in the quarter ended June — its first in over a year — compared with a ¥2.33 trillion loss a year ago.
Signage for Sumitomo Mitsui Banking (right) and Mizuho Bank (center) in Tokyo. Two of Japan's mega-banks reported solid quarterly profit on Monday.
BUSINESS
Jul 31, 2023
Japan’s biggest banks beat estimates, adding to BOJ tailwind
Sumitomo Mitsui Financial Group said net income for the quarter ending June 30 was ¥248 billion, while Mizuho Financial Group’s was ¥245.2 billion.
Japan Times
BUSINESS / Economy
Jul 21, 2023
China's sagging economy looms over quarterly results around the world
Both U.S. and European companies with exposure to China could be hit by that economy's sluggish growth as its post-COVID momentum has faltered rapidly.
Japan Times
BUSINESS
Jul 19, 2023
Japan's retailers see earnings windfall as consumers tolerate inflation
Profits and rising share prices in the sector, undiminished by customer hesitancy, are adding to speculation the Bank of Japan may upgrade its inflation forecast next week.
Japan Times
BUSINESS / Companies
Jul 13, 2023
Uniqlo owner posts record Q3 profit and raises forecast on China recovery
Fast Retailing has 925 Uniqlo outlets in mainland China — more than in Japan — making it a bellwether for a retail market that was hammered by tough COVID-19 restrictions.
Japan Times
BUSINESS
Jul 3, 2023
Tesla and BYD post record sales on demand for electric vehicles
Elon Musk’s vow to chase volume by cutting prices seems to have worked, but BYD still dominates the Chinese market with fresher lineup and increasingly global ambitions.
Japan Times
BUSINESS / Tech
Jun 29, 2023
Micron delivers strong forecast in sign that glut is easing
Sales will be as much as $4.1 billion in the fiscal fourth quarter, the company said in a statement. That compares with an average analyst estimate of $3.87 billion.
Japan Times
BUSINESS / Companies
May 18, 2023
Nomura slashes profit targets across board, plans major review
The moves underscore the challenges for Nomura leadership as rate hikes and geopolitical tensions dampen investor sentiment.
Japan Times
BUSINESS
May 12, 2023
Toshiba posts 35% decline in full-year net profit
The firm has said a planned takeover bid that is expected to take the company private will likely start in late July.
Japan Times
BUSINESS
May 12, 2023
Nissan profit outlook tops projections as cost cuts bear fruit
Operating profit will be ¥520 billion ($3.9 billion) for the period through March 2024, the Yokohama-based company said Thursday.
Japan Times
BUSINESS / Companies
May 11, 2023
SoftBank Vision Fund loses ¥4.3 trillion on weak startup values
Many of the privately held companies that SoftBank’s invested in are not yet profitable, while the IPO market remains lackluster.
Japan Times
BUSINESS / Companies
May 10, 2023
Toyota beat profit forecast in fiscal '22, upbeat on sales for year ahead
The world's top-selling automaker said it also expects profit to increase in the year ahead on 'improvements in semiconductor supply and the efforts of production sites.'
Japan Times
BUSINESS
May 10, 2023
Mitsubishi Motors to stick with China despite poor sales
The automaker’s retail sales in China dropped to 32,000 units in the third quarter, and those numbers are expected to decline again for the quarter that ended in March.
Japan Times
BUSINESS / Companies
May 9, 2023
Nintendo warns sales of Switch consoles to slow further this year
Nintendo said on Tuesday that it sold 17.9 million Switch units in the year to March and reported operating profit of ¥93.8 billion for the quarter on Tuesday.
Japan Times
BUSINESS / Companies
May 2, 2023
Japan Airlines' annual net profit returns to black
The carrier said net profit for the year to March was ¥34.4 billion — a turnaround from a net loss of ¥177 billion in the previous financial year.
Japan Times
BUSINESS
Apr 28, 2023
Sony casts doubt on PlayStation momentum with cagey outlook
The Tokyo-based firm said it expects operating income of ¥1.17 trillion ($8.7 billion) in the year ending March 2024, below average analyst estimates of ¥1.27 trillion.
Japan Times
BUSINESS
Apr 27, 2023
Three Japanese utilities report combined ¥134 billion loss on high fuel prices
Having nuclear power among its energy sources helped Kansai Electric Power to manage a net profit of ¥17.7 billion but it was still 79% lower than in the 2021 fiscal year.
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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