Softbank Group Net Profit Surges Over Four-fold

SoftBank Group net profit surges over four-fold

Japan's SoftBank Group says its first-half net profit jumped four and half times from a year ago. That's as its investments in tech stocks jumped and it sold off assets to shore up its finances.

The company said on Monday that net profit in the April-September period came to about 1.9 trillion yen, or about 18 billion dollars.

Jr East, West Expect Biggest Net Losses For Fy2020

JR East, West expect biggest net losses for FY2020

Two major Japanese railway operators expect their net losses this fiscal year to be their biggest since they came into being following state rail privatization. The firms attribute the losses to the coronavirus outbreak.

East Japan Railway Company on Wednesday published its business projections for fiscal 2020 ending next March. The firm expects to post 3.98 billion dollars in losses.

Honda Suffers Net Loss In April-june

Honda suffers net loss in April-June

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.

Nissan Expects Over $6 Bil. Net Loss In Fy2020

Nissan expects over $6 bil. net loss in FY2020

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.

Impact On Net Cafe 'residents'

Impact on net cafe 'residents'

Homeless people are one particularly vulnerable group that are being affected by the state of emergency declaration by the Japanese government.

In Tokyo, about 4,000 of them sleep in 24-hour internet cafes, including a large number of women fleeing domestic violence.