In November 2015, we launched the Asia300, which tracks more than 300 of the biggest and fastest-growing companies from 11 economies across the continent. And last March, we published our first comprehensive look at the financial results of those companies. The cover headline -- "ASIA300 Taking a Plunge" -- told the story: Their aggregate annual net profit was undermined by a slowing China and falling commodity prices.
One year on, we revisited the A300 in our latest issue of the Nikkei Asian Review to offer an updated health report. The results? Profits fell for a second straight year. It is the first back-to-back drop since a financial crisis ripped through Asia in 1997.
Although there are signs of improvement, including a relatively stable Chinese economy and a pickup in commodity prices, this "double dip" shows that after 20 years of generally smooth sailing, Asian companies have entered a new phase. As Warren Buffet once said, "Only when the tide goes out do you discover who has been swimming naked." Today, the "winners" and "losers" are becoming easier to spot.
In this issue, we focus on the winners and losers in different industries, including electronics, automobiles and airlines, and take a detailed look at the state of the banking sector. While many companies are struggling across the region, we also found plenty of reasons to believe that corporate Asia remains on a growth track.
We hope you enjoy reading the Nikkei Asian Review.
Nikkei Asian Review