TOKYO -- The resurgent yen appears on track to cut Japanese corporate profits by 2 trillion yen ($14 billion) this fiscal year, with exporters that had benefited from a weak currency now expecting exchange rates to become a hindrance.
Nikkei compiled data from 79 major listed companies that had disclosed projected exchange rates for the year ending March 2026 as of Friday. These businesses on average forecast exchange rates in the 143 yen range against the dollar in fiscal 2025. The Japanese currency averaged roughly 152 to the dollar in fiscal 2024.
