Tokyo Market

Beneficiary of smartphone, auto demand

Minebea's profit could grow 80% this fiscal year

TOKYO -- Minebea could see operating profit jump 80% for the fiscal year ending in March to about 58 billion yen ($488 million), thanks to an unexpectedly large boost in sales of smartphone parts and car bearings. The company upgraded its full-ye...

  • Industrial strength

    IHI seen beating profit view with record result

    TOKYO -- Japanese heavy industry group IHI is expected to report its best full-year operating profit amid strength in its mainstay aircraft engine business and a rebound in resource- and energy-related earnings. Group operating profit is seen jum...

  • Smartphone-led boost

    Disco profit seen up 48% for April-December

    TOKYO -- Disco is expected to post an April-December operating profit of about 19.5 billion yen ($164 million), a 48% jump from a year earlier, thanks to smartphone-driven demand for its dicing saws. Sales apparently rose 19% to 92.3 billion yen ...

  • JGBs a tad lower as caution remains

    TOKYO (Dow Jones) -- Japanese government bonds were a tad lower on Thursday as caution after recent wild volatility kept investors at bay. The benchmark 10-year JGB yield was up 0.5 basis point at 0.290% as of 0600 GMT. Softness in the cash bond ...

  • Tokyo stocks fall on Fed rate hike view

    TOKYO (Kyodo) -- Tokyo stocks fell Thursday following a decline in Wall Street shares as a policy statement from the U.S. Federal Reserve was seen as confirming an upcoming interest rate hike. The 225-issue Nikkei Stock Average ended down 189.51 ...

  • Dollar recovers 118 yen in morning on buybacks

    TOKYO (Kyodo) -- The U.S. dollar topped the 118 yen line Thursday morning in Tokyo, recovering most of its ground lost overnight on sharp losses in U.S. shares and falling U.S. Treasury yields. At noon, the dollar fetched 118.00-01 yen compared w...

  • Tokyo stocks fall in morning after Fed statement

    TOKYO (Kyodo) -- Tokyo stocks fell Thursday morning following a retreat on Wall Street as the U.S. Federal Reserve's policy statement was taken as confirming an upcoming interest rate hike. The 225-issue Nikkei Stock Average shed 21.22 points, or...

  • Dollar trades at upper-117 yen zone in early Tokyo deals

    TOKYO (Kyodo) -- The U.S. dollar traded in the upper-117 yen zone early Thursday in Tokyo, little changed from its overnight levels in New York. At 9 a.m., the dollar fetched 117.63-65 yen compared with 117.53-63 yen in New York and 118.13-15 yen...

  • 'Whale in the pond'

    Japan's pension giant lifts Tokyo stocks

    TOKYO -- Japanese stocks have gained a strong footing this week as the country's massive public pension fund continues to buy shares. The Nikkei Stock Average kept gaining ground Wednesday, even after Wall Street shares fell overnight. "With ...

  • Telecom earnings

    KDDI seen dialing up new 9-month profit record

    TOKYO -- Japanese telecom group KDDI is expected to report another record profit for the nine months ending on Dec. 31, due to subscription growth and rising data revenue. Group operating profit likely rose 9% on the year to about 580 billion yen...

  • Looking to extend growth streak

    Canon aiming for 2% profit gain in 2015

    TOKYO -- Despite economic sluggishness in Europe and the euro's weakness relative to the yen, Canon reckons that it can pull off a third straight year of bottom-line growth. The Japanese manufacturer sees group net profit climbing 2% in 2015, tha...

  • Lifted by smartphones, automobiles

    Mitsubishi Chemical Holdings profit seen up 40% for April-December

    TOKYO -- Mitsubishi Chemical Holdings' operating profit likely jumped 40% to more than 120 billion yen ($1.01 billion) for the April-December period, thanks to growing demand for smartphone- and auto-related materials. Sales apparently climbed 8%...

  • Feeling the fall in oil prices

    Showa Shell, TonenGeneral bleed red ink for first time in 5 years

    TOKYO -- The plunge in crude oil prices is taking a heavy toll on oil distributors Showa Shell Sekiyu and TonenGeneral Sekiyu, which are expected to report their first net losses in five years for the year ended Dec. 31. The companies were forced...

  • Dollar stays in lower 118 yen amid caution as FOMC outcome looms

    TOKYO (Kyodo) -- The U.S. dollar straddled the 118 yen line in Tokyo on Wednesday amid a wait-and-see mood ahead of the U.S. Federal Reserve's policy meeting after losing and then gaining ground on mixed U.S. economic indicators. At 5 p.m., the d...

  • JGBs fall as wild swings discourage investors

    TOKYO (Dow Jones) -- Japanese government bonds fell Wednesday as unsettling market conditions and receding expectation about early easing by the Bank of Japan prompted traders and investors to unwind their buying positions. "Amid recent wild vola...

  • Nikkei ends at 1-month high on optimism for Japan firms

    TOKYO (Kyodo) -- The Nikkei stock index rose to a fresh one-month high Wednesday, rebounding from early losses on growing optimism over the performance of Japanese firms. The 225-issue Nikkei Stock Average ended up 27.43 points, or 0.15 percent, ...

  • Dollar recovers to lower 118 yen but gains capped ahead of FOMC

    TOKYO (Kyodo) -- The U.S. dollar traded in the lower 118 yen zone in Tokyo on Wednesday morning, pinned in a narrow range amid a wait-and-see mood ahead of the U.S. Federal Reserve's policy meeting after losing and then gaining ground on mixed U.S. e...

  • Tokyo stocks fall in morning on weak U.S. earnings, durable goods

    TOKYO (Kyodo) -- Tokyo stocks fell Wednesday morning after Wall Street shares were dragged down overnight by lackluster corporate results and an unexpected drop in U.S. durable goods orders. The 225-issue Nikkei Stock Average shed 9.67 points, or...

  • Tokyo stocks open lower after Wall St. decline

    TOKYO (Kyodo) -- Tokyo stocks opened lower Wednesday, after Wall Street shares were dragged down overnight by lackluster corporate earnings and an unexpected drop in U.S. durable goods orders in December. In the first 15 minutes of trading, the 2...

  • Dollar trades in upper 117 yen range in early Tokyo deals

    TOKYO (Kyodo) -- The U.S. dollar traded in the upper 117 yen range early Wednesday in Tokyo, almost unchanged from its overnight levels in New York. At 9 a.m., the dollar fetched 117.79-80 yen compared with 117.81-91 yen in New York and 118.03-05...