From Hello Kitty to missiles, fifth of Japan firms reap record profits

Despite headwinds, 20% of listed companies reach new heights in first-half earnings

20241109N Hello Kitty

Sanrio's Hello Kitty character celebrated its 50th anniversary in 2024, helping to boost licensing revenue.  © AP

KOSUKE OKAMOTO, Nikkei staff writers

TOKYO -- One in five Japanese listed companies reported record profits for the first fiscal half that ran from April to September, despite economic headwinds, a Nikkei tally shows.

Some 248 companies posted record earnings while overall corporate earnings slowed due to a sluggish Chinese economy and other factors. Companies that tapped growing demand for power infrastructure and defense equipment, and those that catered to foreign visitors, fared especially well.

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