1 in 5 Japanese firms forecast record profit

Tourism boom and niche business profiles boost earnings

Hello Kitty creator Sanrio expects to post its first record profit in 25 years due to the strength of character goods business. (Photo by Mai Kitagawa)

AKINORI KAMATA, Nikkei staff writers

June 13, 2024 02:40 JST

TOKYO -- Nearly one in five Japanese companies expect to report a record-high net profit this fiscal year, a Nikkei analysis shows, with the service sector in particular benefiting from the rush of foreign tourists.