Tokyo Market

Earnings preview

Tanseisha's fiscal 2015 profit seen up 9% on tourism boost

TOKYO -- Tanseisha's group operating profit likely rose 9% to around 3 billion yen ($25.6 million) for the fiscal year ended in January as an increase in visitors to Japan lifted demand for airport and hotel renovation. The Japanese interior-desi...

  • Market Scramble

    Governance concerns put investors on alert

    TOKYO -- The Sharp acquisition saga being played out in the absence of shareholders has raised doubts about Japan Inc.'s commitment to corporate governance, further sapping the appetite of investors already jittery about the earnings outlook. Th...

  • Japan automakers

    Uneven performance by region challenges Toyota

    NAGOYA -- A closer look at Toyota Motor's stellar earnings announced Friday reveals increasingly uneven results by region, with Europe and resource-rich markets languishing in the shadows of brisk performances in North America and China. Toyota s...

  • Japanese earnings

    Profits to grow in fiscal 2015 despite global turmoil

    TOKYO -- Japan's publicly traded corporations are on track to see a small increase in profits for fiscal 2015, even as U.S. and German companies suffer a drop amid the slowdown in emerging markets and cheap crude oil prices. As of Friday, Japanes...

  • Earnings preview

    Nakayama Steel's operating profit seen up almost 30%

    OSAKA -- Nakayama Steel Works is expected to report that operating profit increased nearly 30% on the year to about 4.5 billion yen ($38 million) for the nine months ended December, thanks to lower raw materials costs. Earnings got a boost from c...

  • S&P downgrades Toshiba, raises prospect of loan forgiveness

    TOKYO (Dow Jones) -- Standard & Poor's lowers Toshiba's corporate credit rating three notches deeper into junk-bond territory, saying the company is running dangerously low on liquidity. The company has barely more access to liquidity than it nee...

  • Dollar remains near 2-week low in upper 116 yen on tepid U.S. data

    TOKYO (Kyodo) -- The U.S. dollar changed little in the upper 116 yen range Friday in Tokyo, remaining within sight of a two-week low hit overnight amid receding expectations of U.S. interest rate hikes following soft U.S. labor and output data. A...

  • Tokyo stocks slide on strong yen as Fed rate hike expectation fades

    TOKYO (Kyodo) -- Tokyo stocks fell again Friday, briefly down over 2 percent in extending their losing streak to four consecutive trading days as the dollar struggled on fading Federal Reserve rate hike expectations. The 225-issue Nikkei Stock Av...

  • JGBs rise as Tokyo stocks slide

    TOKYO (Dow Jones) -- Japanese government bonds gained Friday, yielding fresh all-time lows, as demand for haven assets gained following a fall in Tokyo stocks. The benchmark 10-year yield was down 0.030 percentage point at fresh all-time low of 0...

  • Dollar stays near two-week low at upper 116 yen on soft U.S. data

    TOKYO (Kyodo) -- The U.S. dollar changed little in the upper 116 yen level Friday morning in Tokyo, a tad higher from a two-week low hit overnight on the back of disappointing U.S. employment and manufacturing data. At noon, the dollar fetched 11...

  • Tokyo stocks slide as yen rises on fading rate hike expectations

    TOKYO (Kyodo) -- Tokyo stocks slid Friday morning, dragged down by the selling of export-oriented shares as the U.S. dollar retreated on lower U.S. rate hike expectations. The 225-issue Nikkei Stock Average shed 253.43 points, or 1.49 percent, fr...

  • Tokyo stocks open lower on strong yen

    TOKYO (Kyodo) -- Tokyo stocks opened lower Friday, dragged down by selling of export-oriented shares as the U.S. dollar fell to the upper 116 yen range. In the first 15 minutes of trading, the 225-issue Nikkei Stock Average fell 259.52 points, or...

  • Dollar trades in upper 116 yen zone in early Tokyo deals

    TOKYO (Kyodo) -- The U.S. dollar traded in the upper 116 yen zone early Friday in Tokyo, nearly unchanged from its levels overnight in New York. At 9 a.m., the dollar fetched 116.88-89 yen compared with 116.72-82 yen in New York and 117.94-97 yen...

  • Japan appliance makers

    Turbulent times test Panasonic's resilience

    OSAKA -- Panasonic's major downgrades to its fiscal 2015 sales projection highlights its vulnerability to changes in the business environment. How the company builds strength to overcome the obstacles ahead is a challenge. The Osaka-based company...

  • Earnings preview

    Modec seen topping full-year guidance

    TOKYO -- Modec likely raised its group net profit by 5% to around 5.7 billion yen ($48.8 million) for the year ended December, exceeding its projection of a 17% decline to 4.5 billion yen. The Mitsui Engineering & Shipbuilding group builder of fl...

  • Market Scramble

    Foreign investors' hopes fade for stronger shareholder returns

    TOKYO -- Overseas investors appear to be losing their optimism that Japanese companies will improve returns to shareholders. Japanese shares fell for a third day Thursday, with the Nikkei Stock Average sliding to 17,044.99 -- reverting to the lev...

  • Earnings warning

    Toshiba sees losses swelling on restructuring costs

    TOKYO -- Toshiba said Thursday that its net loss for the fiscal year ending in March will likely widen to 710 billion yen ($6.06 billion), citing declined profitability at the infrastructure segment and higher restructuring expenses. The figure, ...

  • Ruble trouble

    JT's overseas profit drops 10% as Russian currency tumbles

    TOKYO -- Steep declines in the Russian ruble have dealt a blow to Japan Tobacco's earnings, as the global cigarette company does a brisk business in the country and surrounding region. With its overseas operating profit falling nearly 10%, the compan...

  • Earnings preview

    Fujisoft profit seen flat on upfront investment costs

    TOKYO -- Fujisoft's operating profit likely came in on a par with the year-earlier figure for 2015, undershooting guidance of 2% growth as upfront investment and staff expansions weighed on the balance sheet. The Japanese systems developer appare...

  • Earnings preview

    Isuzu profit likely rose 2% on strong demand in Japan

    TOKYO -- Isuzu Motors is expected to report a 2% year-on-year gain in operating profit to around 125 billion yen ($1.06 billion) for the nine months ended December, thanks to brisk sales of trucks and buses in Japan. The profit increase would be ...