Corporate Japan forecasts record profits on tourism boom and weak yen

Despite slew of upgrades, projections stay conservative amid tariff uncertainty

20250219N Asakusa

The record number of tourists coming into Japan is boosting profit outlooks for companies such as ANA Holdings. (Photo by Akira Kodaka)

KENTARO TSUTSUMI

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.

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