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JAL's Three-month Profit More Than Halves

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JAPAN TODAY
 
TOKYO — Japan Airlines said Friday its three-month net profit more than halved as savings from a decline in fuel costs could not make up for weak travel demand at home and abroad.
Falling oil prices have helped the carrier’s bottom line—fuel is often an airline’s single-biggest expe...

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Canon Slashes Profit Forecast Due to Strong Yen

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JAPAN TODAY
 
TOKYO — Canon chopped its annual profit forecast Tuesday as the camera and copier maker warned that a sharp rise in the yen was taking a bite out of its bottom line.
The company said it now expected weaker sales and a net profit of 180 billion yen ($1.7 billion) this year, down 10 p...

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Abe Unveils Y28 Tril Economic Stimulus Package

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JAPAN TODAY
 
TOKYO — Japan launched an economic stimulus package worth more than 28 trillion yen ($266 billion) on Wednesday, days before the central bank is expected to unveil its own growth-boosting measures.
Prime Minister Shinzo Abe announced the program in a speech in Fukuoka, giving few de...

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Nintendo Shares Plunge 16% On Pokemon Go Warning

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JAPAN TODAY
 
TOKYO — Nintendo shares dived Monday after it warned that the Pokemon Go mania sweeping the world would not translate into bumper profits for the Japanese video game giant.
The stock plunged about 16% to 23,720 yen in early trading after it more than doubled in a huge rally followin...

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High-end Hotels See Construction Boom In Tokyo

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THE JAPAN NEWS
 
Luxury hotels are set to open in Tokyo with the aim of attracting an increasing number of tourists visiting Japan and affluent people such as corporate managers who visit the metropolis on business.
On Wednesday, Nagano Prefecture-based Hoshino Resorts Inc. opened
Hoshinoya Tokyo...

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Pepper Robot Gets New Job Selling Insurance

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THE JAPAN NEWS
 
A major life insurance company will deploy humanoid robots nationwide this autumn, using them to wait on customers at its offices and sending them out on sales calls.
Meiji Yasuda Life Insurance Co. has announced plans to deploy 100 Pepper robots, made by SoftBank Group Corp., at...

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Nintendo Worth More Than Sony After Pokemon Rally

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JAPAN TODAY
 
TOKYO — Nintendo on Tuesday shot past Sony in market value after the videogame giant’s stock more than doubled since the release of the wildly popular Pokemon Go game.
The Pokemon franchise creator surged nearly 11 percent to end the morning at 30,780 yen, up more than 100% from its...

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Japanese Companies Dive Into Foreign Acquisitions

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THE JAPAN NEWS
 
With a shrinking domestic market due to the low birthrate and aging population, Japanese companies have increasingly looked overseas for mergers and acquisitions in recent years. The deal announced by SoftBank Group Corp. on Monday is a prime example.
SoftBank Group’s acquisition...

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Microsoft Cloud Business Lifts Profits

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THE JAPAN NEWS
 
Sharp growth in its commercial cloud computing business helped lift Microsoft Corp.’s quarterly revenue above Wall Street’s expectations, sending the technology company’s shares up more than 4 percent in after-hours trading.
The new and growing cloud business — essentially sellin...

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Line Corp. Raises ¥100 Billion On Day One of Dual Listing in New York, Tokyo

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JAPAN TIMES
 
Line Corp. raised more than ¥100 billion from its consecutive debuts on the New York and Tokyo stock exchanges on Thursday and Friday, as CEO Takeshi Idezawa said the company planned to build trust in its messaging and other services and expand.
In the year’s biggest tech offering, ...

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