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December 24, 2024
 

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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.
Sharp holds an annual general shareholders meeting at its headquarters in Sakai, Osaka Prefecture, on Thursday.
BUSINESS / Companies
Jun 27, 2024
Sharp vows to achieve profitability at annual meeting
Sharp will "engage in selection and concentration, and invest in unique products," the executive vice president said at a shareholder meeting in Sakai, Osaka Prefecture.
Jimoto Holdings' general shareholders meeting in Sendai on Thursday
BUSINESS / Companies
Jun 20, 2024
Regional banking group Jimoto comes under effective state control
A net loss for the group was mainly due to the deterioration of business at Kirayaka Bank, a second-tier regional bank based in Yamagata Prefecture.
Haneda Airport in Tokyo is packed with travelers at the start of the Golden Week holidays in April.
BUSINESS / Companies
Jun 14, 2024
H.I.S. posts first half-year net profit in five years
For the six months through April, H.I.S. reported a consolidated net profit of ¥3.8 billion ($24.2 million), against a net loss of ¥4.8 billion a year before.
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.
Bankruptcies and suicides rise as Japanese struggle with mounting debt
Lawyers estimate that personal bankruptcies in Japan are on track to reach the highest since 2012 this year.
Honda-Nissan megamerger in the works
Nissan CEO Makoto Uchida (left), Honda CEO Toshihiro Mibe (second from left) and Takao Kato, CEO of Mitsubishi Motors, hold a news conference on merger talks on Monday in Tokyo.
Is Japan ready for 60 million tourists?
Visitors to Kyoto walk along a street near Kiyomizu Temple in April. A popular tourist spot, Kyoto has seen what locals feel to be an overwhelming amount of tourists in 2024.
Japan accuses Google of violating antimonopoly law
The Japanese antitrust watchdog said that Google forced smartphone makers to preinstall its search app on their devices, sources say.
Okinawa people stage rally against sexual assaults by U.S. servicemen
Sorane Sakihama, a 22-year-old college student, speaks at a rally in the city of Okinawa on Sunday protesting against sexual assaults by U.S. soldiers.
A brief history of ‘osechi ryōri,' Japan's edible tradition for the new year
Japan's traditional New Year cuisine has a long history, though modern developments have led to slight changes in the way things work.
Casual workouts, cool living, ‘complete’ food: Japan’s health trends of 2024
In 2024, efficiency trumped effort among Japan's fitness-focused aspirants.
Is Japan finally ready to tap its abundant geothermal energy potential?
Steam rises from a geothermal plan in Yuzawa, Akita Prefecture. Despite its long history and potential, geothermal provided just 0.3% of Japan's overall energy mix in the fiscal year from April 2023
Japanese officials inspect Yokota Air Base over PFAS concerns
The Yokota Air Base in western Tokyo in September 2019. An inspection of the base by Japanese government officials on Friday came amid public pressure to investigate suspected links between the use of PFAS-containing firefighting foam by the U.S. base and contamination of soil and groundwater in western Tokyo.
North Korea aiding Russia where it needs it most, Canadian general says
North Korean special forces soldiers march and shout slogans during a military parade marking the 105th birth anniversary of the country's founding father, Kim Il Sung, in Pyongyang in April 2017.

Podcast

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

Longform

Visitors to Kyoto walk along a street near Kiyomizu Temple in April. A popular tourist spot, Kyoto has seen what locals feel to be an overwhelming amount of tourists in 2024.
Is Japan ready for 60 million tourists?
By Kathryn Wortley

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