Japan Inc. projects 1% net profit dip on yen uptick and U.S. worries

Outlook for fiscal year improves slightly, but slump continues in autos and steel

20240813N JPX

Net profit is expected to fall 1% this fiscal year for companies on the Tokyo Stock Exchange's Prime market. (Photo by Mizuho Miyazaki)

YOSHIKAZU IMAHORI, Nikkei staff writer

TOKYO -- Net profit at Japanese blue-chip companies is projected to decline for the first time in four years this fiscal year amid a rebound in the yen and a cloudier outlook for the U.S. economy.

Sponsored Content

About Sponsored ContentThis content was commissioned by Nikkei's Global Business Bureau.