Tokyo Market

Bullet train boom

Tourist demand driving profit growth at Japan Railways operators

TOKYO -- Three major members of the Japan Railways family are having a great fiscal 2014 so far, with an influx of foreign visitors lifting revenue from their cash cow "shinkansen" bullet train service. The trio posted record net profits for the ...

  • Recall woes

    Takata seen with deeper net loss for fiscal 2014

    TOKYO -- Takata is now expected to incur a net loss of around 30 billion yen ($251 million) for the year ending March 31 after the air bag maker broadened its recalls. The projection would mark deeper trouble than an earlier forecast of a 25 bill...

  • Fiscal 2014 earnings

    Honda cuts profit guidance on reduced sales, recall costs

    TOKYO -- Honda downgraded its profit projection for fiscal 2014 on Friday, expecting a 4% drop in operating profit to 720 billion yen ($6.03 billion). The automaker earlier targeted a 3% increase to 770 billion yen. This would mark the first ...

  • From black to red

    Sharp now sees 30 billion yen net loss for fiscal 2014

    OSAKA -- Sharp plans to downgrade its forecast to a 30 billion yen ($251 million) net loss for the fiscal year ending March 31, a reversal from the 30 billion yen profit projected earlier, due to sluggish sales, a weak yen and higher restructuring co...

  • Weak yen's flip side

    US companies' pain could undercut Tokyo market rally

    TOKYO -- The weak yen has been a blessing for many Japanese companies, but on the flip side, a strong dollar is weighing down on corporate earnings in the U.S., a factor that could wreak havoc on stock prices here. The Nikkei Stock Average is tra...

  • Real estate investment

    REITs may have a leg up on property stocks

    TOKYO -- Real estate investment trusts in Japan have been growing more popular, while real estate stocks have been losing steam. It appears the difference in market capitalization between the real estate stocks and the REITs is now getting closer. ...

  • Nikkei CFO survey

    30% of Japan's listed companies expect double-digit profit growth in fiscal 2015

    TOKYO -- A survey of chief financial officers has revealed that roughly 30% of listed companies in Japan are forecasting double-digit increases in pretax profit for fiscal 2015. The Nikkei conducted a survey early this month covering 300 major Ja...

  • Dollar slides to upper 117 yen in month-end moves

    TOKYO (Kyodo) -- The U.S. dollar inched down to the upper 117 zone in Tokyo on Friday amid month-end repatriation by Japanese players. At 5 p.m., the dollar fetched 117.89-90 yen compared with 118.23-33 yen in New York and 117.69-72 yen in Tokyo ...

  • Tokyo stocks firm on strong corporate earnings

    TOKYO (Kyodo) -- Tokyo stocks firmed Friday on strong corporate earnings, but investors refrained from chasing prices higher amid a strengthening yen. The 225-issue Nikkei Stock Average ended up 68.17 points, or 0.39 percent, from Thursday at 17,...

  • Dollar slips to upper 117 yen zone on weak Japan inflation data

    TOKYO (Kyodo) -- The U.S. dollar slid to the upper 117 yen range in Tokyo on Friday morning as traders deemed Japan's lackluster December inflation data insufficient to push the Bank of Japan toward further quantitative easing and underpin the U.S. c...

  • Tokyo stocks firm in morning on Wall St. gains while Japan data mixed

    TOKYO (Kyodo) -- Tokyo stocks firmed Friday morning after Wall Street shares rose, but gains were limited as mixed data clouded the economic picture in Japan. The 225-issue Nikkei Stock Average gained 111.10 points, or 0.63 percent, from Thursday...

  • Dollar trades in lower 118 yen zone in early Tokyo deals

    TOKYO (Kyodo) -- The U.S. dollar traded in the lower 118 yen range in Tokyo early Friday morning, maintaining its gains from overnight in New York. At 9 a.m., the dollar fetched 118.27-28 yen compared with 118.23-33 yen in New York and 117.69-72 ...

  • Tokyo stocks start firm after Wall St. gains, Japan jobs data

    TOKYO (Kyodo) -- Tokyo stocks opened higher Friday on the heels of U.S. share gains and following data showing Japan's labor market improved in December. In the first 15 minutes of trading, the 225-issue Nikkei Stock Average rose 169.15 points, o...

  • 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...