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.
TOKYO — Japanese automaker Honda reported Friday that its profit rose 23% in the last quarter, despite a pandemic that has slammed businesses around the world.
Tokyo-based Honda said its July-September profit was 240.9 billion yen ($2.3 billion), up from 196.5 billion yen a year earlier, as the auto market recovered in some parts of the world.
TOKYO — Toyota's July-September profit fell 11% from a year earlier as the coronavirus pandemic slammed global demand, but Japan's top automaker appeared to be holding up better than weaker rivals that have sunk into the red.
Toyota reported Friday a quarterly profit of 470.5 billion yen ($4.5 billion), down from 530 billion yen a year ago. Quarterly sales slipped to 6.77 trillion yen ($65 billion) from 7.64 trillion yen.
Toyota Motor has managed to weather the global financial downturn of the coronavirus pandemic, posting a profit in the latest quarter.
The automaker's earnings report shows the group stayed in the black for the April-to-June period, despite recording a 40-percent decline in sales from a year earlier in yen terms.
TOKYO — Mitsubishi will focus on cutting fixed costs by 20% or more in the next two years after reporting an 89% drop in annual profit, its weakest performance in three years, and skipping its year-end dividend.
The coronavirus crisis has exacerbated Mitsubishi's struggles in a year where Japan's sixth biggest carmaker was already battling falling sales in China and also southeast Asia, its largest market which accounts for one-quarter of sales.
TOKYO — Subaru on Monday posted a 15.7% rise in annual operating profit in the fiscal year that ended in March as it recovered from a raft of product recalls last year, but warned that sales of its cars would take a hit from the coronavirus outbreak.
Profit rose to 210.3 billion yen ($1.96 billion) for the year just ended, from 181.7 billion yen a year earlier under international financial reporting standards. It exceeded a consensus estimate of 204.7 billion yen profit drawn from 17 analysts polled by Refinitiv.
Toyota announced it's expecting an 80 percent profit drop this year, the company's lowest in nine years, after estimating the impact from the coronavirus pandemic in its business.
TOKYO — Toyota Motor Corp said on Tuesday it expects profit to drop by 80% to its lowest in nine years, as Japan's biggest automaker grapples with the impact of the novel coronavirus which has sapped global demand for vehicles.
Honda Motor Co on Tuesday posted its lowest operating profit in four years and refrained from releasing an earnings outlook for the current year because of uncertainty about the longer-term impact of the coronavirus on global car demand.
Nissan Motor's operating profit shrank sharply during the nine months to December, mainly due to sluggish sales in the US and Europe.
Company officials say the figure was down 82.7 percent to 54.3 billion yen, or nearly 500 million dollars.