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Sony Announces $3 Billion Buyback As Memory Prices Take Toll

  • Category:Other
JAPAN TIMES
 
Sony Group will buy back up to ¥500 billion ($3.2 billion) of its shares, the company said as it set out a profit forecast largely in line with expectations on Friday.
For the year through March 2027, the Tokyo-based company expects an operating profit of ¥1.6 trillion, about a 11% ...

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Japan Govt Debts Hit Record 1,343 T. Yen at End-March

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NIPPON
 
Outstanding Japanese government debts grew by 1,670.6 billion yen during the first three months of the year to a record 1,343,842.6 billion yen as of the end of March, the Finance Ministry said Friday.
The total translates into about 10.94 million yen per capita, based on an estimated po...

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Prudential Profit Rises Even As Firm Grapples With Japan Pause

  • Category:Other
JAPAN TIMES
 
Prudential Financial’s first-quarter profit beat Wall Street’s expectations, relieving pressure on Chief Executive Officer Andy Sullivan as he contends with a sales pause in one of its biggest markets.
The insurer posted operating earnings per share of $3.61 in the first quarter, ac...

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Palm Foot and Palm Oil Derivatives Have Great Potential in Indonesia-Japan Relations

  • Category:Other
VOI ID
 
Footwear products and palm oil derivatives have great potential to develop in the context of Indonesian-Japanese economic cooperation, said Deputy RI Ambassador to Japan Maria Renata Hutagalung.
This was said by the Indonesian Embassy, Maria Renata, following the Indonesia-Japan Business...

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Mizkan Suspends Sales For Four Natto Products Amid Supply Strain

  • Category:Other
JAPAN TIMES
 
Mizkan Holdings said it would suspend sales of four of its natto products from this month due to supply constraints.
The Aichi Prefecture-based foodmaker said Friday that prolonged geopolitical tensions in the Middle East have driven up prices and heightened supply risks for naphtha...

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Crop Production in Japan Shifts North, To Higher-Altitude Areas Due to Summer Heat

  • Category:Other
JAPAN NEWS
 
There has been a growing trend of agricultural companies shifting production to cooler regions such as northern Japan and high-altitude areas in response to increased damage to crops caused by the summer heat.
This is due to abnormal weather patterns becoming the norm in recent years...

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Nissan To Scrap U.S. EV Production Plan Amid Slowing Demand

  • Category:Other
JAPAN TODAY
 
Nissan Motor Co said Friday it will scrap its plan to produce electric vehicles in the United States as demand is slowing, partly due to the end of a tax break on EV purchases in the country.
The Japanese automaker "remains fully committed to the U.S. as a lead market and a foundati...

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Japan Spends More Than $30 Bn To Prop Up Yen

  • Category:Other
BUSINESS RECORDER
 
 The yen, trading just shy of 160 yen to the dollar
Japan spent at least 5.0 trillion yen ($32 billion) in the foreign exchange market, according to multiple reports, in its first intervention to prop up the currency since 2024.
The yen, trading just shy of 160 yen to the doll...

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Effects of Yen-Buying Intervention by Govt, BOJ Seen Limited

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JAPAN NEWS
 
The government and the Bank of Japan conducted a yen-buying, dollar-selling market intervention for the first time in 21 months with the aim of preventing excessive yen selling by speculators.
They took the action ahead of an extended holiday period, when trading activity typically s...

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Middle East Crisis Fuels Anxiety Among Japan Farmers Over Plastic Sheets, Food Containers

  • Category:Other
JAPAN NEWS
 
As the situation in the Middle East deteriorates, anxiety is spreading among farmers in Japan over rising prices and supply of materials and packaging used in agricultural production.
Many of these materials and packaging products are petrochemical products made with naphtha, the pri...

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