Tokyo Market

Market Scramble: Deflation beaters lose immunity as uncertainties grow

TOKYO -- Despite apparent calm in the Tokyo stock market now that the September policy meetings of the U.S. and Japanese central banks have concluded, the outlook is growing more muddy as consumption weakens and the yen threatens to strengthen furthe...

  • Japan Inc. hoping interim dividends can satisfy shareholders

    TOKYO -- More big Japanese companies are offering midyear dividends in an effort to keep shareholders on board for the long haul.More than 20% of 2,177 companies that close their books in March are either boosting or returning to midyear dividends, w...

  • Japan's Jafco planning $650m venture capital fund

    TOKYO -- Major Japanese venture capital firm Jafco will set up a 65 billion yen ($650 million) fund, seeking to attract such institutional investors as insurers and regional banks at a time of low interest rates.Although a wide variety of businesses ...

  • Earnings preview

    Lintec profit seen peeling on weak adhesives demand

    TOKYO -- Lintec's group operating profit is seen dropping 12% on the year for the April-September half to roughly 8.5 billion yen ($84.6 million), as the economic slowdown in China saps demand for adhesive products used in liquid crystal display and ...

  • Earnings preview

    Business supplier Otsuka's 9-month profit seen holding steady

    TOKYO -- Japanese business information systems provider Otsuka is expected to report a nine-month operating profit little changed from a year earlier, with growth in security software sales helping offset rising personnel costs.Group operating profit...

  • Kimono retailer Sagami attracts another suitor

    TOKYO -- A bidding war is brewing for Sagami, a kimono retailer that convenience store operator FamilyMart Uny Holdings plans to unload.FamilyMart Uny has decided to sell shares of subsidiary Sagami to investment fund Aspirant Group, which is offerin...

  • Investors test boundaries as BOJ readies yield controls

    TOKYO -- Financial market players are testing the Bank of Japan's resolve to keep long-term interest rates near zero as part of a new monetary policy scheme, eager to see how low yields can really go.The central bank on Wednesday introduced a new pol...

  • Earnings preview

    Seaport freight seen buoying Mitsubishi Logistics' profit

    TOKYO -- The opening of a new containership terminal is seen helping Mitsubishi Logistics lift operating profit by around 10% to a little over 6 billion yen ($59.4 million) for the six months through September.The company has forecast a 3% increase o...

  • Earnings preview

    Ramen purveyor Hiday Hidaka slurps up record profit

    TOKYO -- Restaurant operator Hiday Hidaka is expected to report a 4% gain in parent-only operating profit to around 2.5 billion yen ($24.7 million) for the March-August half, thanks to higher per-customer spending.That would top initial projections o...

  • USJ gears up for relisting in Tokyo

    TOKYO -- Osaka theme park operator USJ may soon return to the stock market now that efforts to strengthen management under private-equity firms have borne some fruit.Online market research company Macromill is on the same path. The two Japanese compa...

  • Tokyo stocks retreat as yen's firm tone hit exporters

    TOKYO (Kyodo) -- Tokyo stocks retreated Friday morning as export-related shares were pressured by the yen's firm tone, while investors continued to digest the outcome of the Bank of Japan's latest policy decision with some skepticism.The 225-issue Ni...

  • Gov't concerned about yen's 'nervous' moves: senior MOF official

    TOKYO (Kyodo) -- The Japanese government is concerned about the yen's recent moves, a senior Finance Ministry official said Thursday after the currency firmed against the U.S. dollar following policy meetings of Japanese and U.S. central banks. "We a...

  • Japan meat processor eyes 1tn yen in sales

    OSAKA -- Japanese meat processor Itoham Yonekyu Holdings aims to achieve 1 trillion yen ($9.91 billion) in annual sales in three to five years, the company's president told The Nikkei Wednesday.That would represent a 20% leap from the 830 billion yen...

  • Market Scramble: Investors fed up with BOJ-driven market

    TOKYO -- Japanese and overseas investors alike are growing weary of the outsize role Japan's central bank plays in dictating the direction of the stock market here.The Bank of Japan's decision against pushing interest rates further into negative terr...

  • Hitachi mulls acquisitions to meet rail business sales target

    BERLIN -- Hitachi will need to include mergers and acquisitions to achieve its goal of raising sales from the company's railway business to 1 trillion yen ($9.92 billion) in the early 2020s, top executives told The Nikkei at a transport technology tr...

  • Earnings preview

    Daito Trust seen with record profit amid rental housing boom

    TOKYO -- Daito Trust Construction's group pretax profit will likely rise 6% to a record 65 billion yen ($644 million) for the April-September half as lower financing costs fuel an influx of rental housing investment.Profit is expected to top the Japa...

  • Tokyo stocks rally after BOJ announces policy focus change

    TOKYO (Kyodo) -- Tokyo stocks rallied Wednesday after the Bank of Japan announced that it has decided to change the framework of its bond-buying program and will not take interest rates further into negative territory, while the yen's fall also boost...

  • NTT Data to log $127m profit from sale of Recruit shares

    TOKYO -- NTT Data is expected to book an extraordinary profit of around 13 billion yen ($127 million) this fiscal year from the sale of shares it holds in Recruit Holdings.The information technology arm of Nippon Telegraph and Telephone will likely u...

  • Market Scramble: Foreign investors see hints of Kuroda's pivot

    TOKYO -- Bank of Japan Gov. Haruhiko Kuroda's perceived transformation into a patient market communicator is driving away foreign investors who had thrived on his policy surprises. But his fresh approach could also attract new fans.The Nikkei Stock A...

  • Hitachi Kokusai to keep payout ratio at 30% or higher

    TOKYO -- Hitachi Kokusai Electric aims to pay out at least 30% of its profit to shareholders each year, President Kaichiro Sakuma told The Nikkei.The Japanese company's dividend payout ratio exceeded 30% in the year ended in March. Even though it exp...