TOKYO -- Combined net profit at major Japanese companies is projected to grow 6% in fiscal 2024 to a fourth straight record high, with tourism, entertainment and a weaker-than-expected yen driving a wave of upward revisions to forecasts.
The upgrades have lifted the projected total by 1.8 trillion yen ($12 billion) since November to roughly 50 trillion yen. Nikkei looked at around 1,000 companies listed on the Tokyo Stock Exchange's Prime market that close their books in March, using market projections for those not releasing forecasts.
