Corporate Japan beats odds to clinch record profits, helped by AI boom

Nonmanufacturers pick up slack as Trump tariffs hit auto and steel industries

20251114N JPX

Companies on the Tokyo Stock Exchange's Prime market logged a fifth straight year of growth in April-September net profits. (Photo by Yuki Kohara)

TSUKASA MORIKUNI, KOSUKE OKAMOTO and TAKURO HOSODA

TOKYO -- Japanese listed companies saw April-September net profits rise 7% on the year to a record high despite the headwinds of U.S. tariffs, benefiting from strong artificial-intelligence investment and robust demand at home.

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