A research group commissioned by Japan's health ministry will conduct a large-scale survey on the loss of smell as a symptom of COVID-19.
Loss of smell has been reported as one of the various symptoms of the coronavirus disease, but detailed research on it has yet to be conducted in Japan.
TOKYO — Nissan on Thursday cut its forecast for an annual operating loss by 28%, albeit to a still-whopping $3.2 billion, helped by restructuring efforts and better-than-expected sales.
In a reversal from the aggressive expansion pursued by ousted Chairman Carlos Ghosn, Nissan is reducing production and its vehicle line-up by a fifth, and slashing costs by 300 billion yen in three years to improve profits.
Officials at Honda Motor reported a net loss in the April-to-June quarter. The coronavirus pandemic weighed heavily on global sales of cars and motorbikes.
Executives say the company lost 80.8 billion yen or around 760 million dollars in the quarter.
The latest earnings forecast from Nissan Motor suggests the coronavirus is making life even harder for the struggling automaker. The firm is projecting a net loss of more than $6 billion in the current fiscal year.
Company executives say the loss for the April to June quarter reached 285.5 billion yen, or 2.7 billion dollars. They say the full-year net loss is likely to be 670 billion yen, or about 6.4 billion dollars. That's about the same as the previous year.
Japan's Government Pension Investment Fund says it posted a record loss for the January-March quarter as share prices plummeted worldwide due to the coronavirus pandemic. The loss for the quarter was 17.7 trillion yen, or about 165 billion dollars.
Other quarters of the year posted profits. The overall loss for the fiscal year through March was about 77 billion dollars. It is the first time since fiscal 2015 for the pension fund to record a loss for the full year, and the second largest annual loss since the global financial crisis in 2008.
TOKYO — Nissan outlined a new plan on Thursday to become a smaller, more cost-efficient carmaker after the coronavirus pandemic exacerbated a slide in profitability that culminated in its first annual loss in 11 years.
Under a new four-year plan, the Japanese manufacturer will slash its production capacity and model range by about a fifth to help cut 300 billion yen from fixed costs. It will shut plants in Spain and Indonesia, leave the South Korean market and pull its Datsun brand from Russia as part of a strategy unveiled on Wednesday to share production globally with its partners Renault and Mitsubishi.
For fiscal 2019 Mitsubishi Heavy Industries has posted its first operating loss in two decades. This is mainly due to a delay in the development of the first Japanese-made passenger jet.
The company reported a loss of 29.5 billion yen, or over 274 million dollars, from business activities for the fiscal year that ended in March. This came after the firm took a loss of about 2.42 billion dollars related to the Mitsubishi Spacejet project.
A survey says about 40 percent of freelance performers cannot expect any income this month, as they are hit by cancellations of cultural events due to the coronavirus pandemic.
The survey was jointly conducted online last week by 10 organizations involved in theater, dance and music. More than 2,900 people responded to the survey.
Japan's SoftBank Group is expecting an annual operating loss and net loss for the first time in 15 years.
The company says turmoil in the financial markets amid the coronavirus pandemic has hit the value of its investments.
Japanese telecom giant SoftBank Group announced on Monday that it expects to post a huge loss for fiscal 2019, which ended in March.
The group forecasts an operating loss of 1.35 trillion yen, or about 12.5 billion dollars.
TOKYO — Nissan may report its first quarterly loss in more than a decade on Thursday because of slumping sales, sources familiar with the company said, adding more pressure on efforts to rebuild the company after Carlos Ghosn's ouster.
Deteriorating profits underscore the challenges facing Nissan, which is unwinding many of the expansionist strategies championed by ex-Chief Executive Officer and Chairman Ghosn by slashing jobs, production sites and product offerings to save cash and ensure its survival.
TOKYO — Mitsubishi Motors on Friday posted a surprise operating loss in the third quarter, its worst quarterly performance in more than three years, hurt by falling sales in China, Japan and Southeast Asia, as well as a stronger yen. The carmaker posted an operating loss of 6.6 billion yen ($60.2 million) for the October-December quarter, widely missing an average forecast for a profit of 11.6 billion yen, based on analyst estimates compiled by Refinitiv. It was the firm's biggest loss since the July-September 2016 quarter, when a mileage cheating scandal sapped profits. However, Mitsubishi stuck to an earlier forecast for a 73% drop in full-year operating profit to 30 billion yen in the fiscal year ending in March. The automaker's net loss for the quarter just ended came in at 14.4 billion yen. The fall in quarterly sales was worst in China and at home, while sales also slipped in ASEAN countries, traditionally a stronghold, leading to a 16% fall in global vehicle sales to 320,000 units. The automaker also said it would keep some of its offices in China closed through Feb. 9, as a new coronavirus spreads throughout the country and beyond. The automaking alliance of Mitsubishi, Renault and Nissan on Thursday said they had "no other option" but to drastically improve their joint operations to remain competitive in the fast-changing global auto industry.
On the eighth day of the New Year Grand Sumo Tournament on Sunday, Endo suffered his second loss in an anticipated match with another popular rank-and-file wrestler, Enho.
Enho has risen to his best ranking and attracted attention. Endo, who defeated two Yokozunas and one Ozeki wrestler earlier in the tournament, lost the much-watched bout.