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Despite the combined net profit at listed companies that closed their books in March being estimated to have hit a record high for the third straight year, many firms worry they could now face slumps. https://www.japantimes.co.jp/business/2024/05/17/companies/japan-firms-earnings-slumps/

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Toshiba said on Thursday it will cut up to 4,000 jobs domestically as the industrial conglomerate accelerates its restructuring under new ownership. https://www.japantimes.co.jp/business/2024/05/16/companies/toshiba-job-cuts/

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Honda is doubling down on electric vehicles and software despite a recent slowdown in EV sales in several markets. https://www.japantimes.co.jp/business/2024/05/16/companies/honda-strategy/

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Microsoft's relentless push to be the global leader in artificial intelligence is putting its climate goals in peril. https://www.japantimes.co.jp/business/2024/05/16/companies/microsoft-ai-carbon-emissions/ #business #companies #microsoft #emissions #climate #ai

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JERA plans to invest ¥5 trillion ($32.4 billion) over the coming decade into renewable energy, new fuels like hydrogen and ammonia, and liquefied natural gas. https://www.japantimes.co.jp/business/2024/05/16/companies/japan-jera-investments/

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The chunks of "mystery meat" in Nissin Food Products' cup noodles are now available, and selling out, as their own product. https://www.japantimes.co.jp/business/2024/05/16/companies/cup-noodle-mystery-meat/

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The day before Elon Musk fired virtually all of Tesla’s electric vehicle charging division last month, Supercharger chief Rebecca Tinucci went to meet with the billionaire businessman about the network’s future. The meeting could not have gone worse. https://www.japantimes.co.jp/business/2024/05/16/companies/elon-musk-firings-tesla-supercharger/

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The sale of hybrid vehicles are giving Japanese automakers cash that can later be reinvested into the production of EVs. https://www.japantimes.co.jp/business/2024/05/16/companies/japan-carmakers-hybrids/

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Amazon is the second-largest private-sector employer in the U.S. behind Walmart. As such, the company plays a leading role in setting pay and working conditions for a sector transformed by e-commerce. https://www.japantimes.co.jp/business/2024/05/16/companies/amazon-workers-struggle-food-rent/

thejapantimes, to business
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Sharp is stopping production of large liquid crystal display television panels at its factory in the city of Sakai, Osaka Prefecture, the only production site for such TVs in Japan. https://www.japantimes.co.jp/business/2024/05/15/companies/sharp-scales-back-lcd/

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Japan's biggest banks all forecast record profits for the year started in April, after the country’s central bank ended its policy of negative interest rates. https://www.japantimes.co.jp/business/2024/05/15/companies/japan-megabanks-forecast-record-profits/

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Mystays Hotel Management in Japan has decided the only way to deal with the country's severe labor shortage is to double salaries to unprecedented levels. https://www.japantimes.co.jp/business/2024/05/15/companies/a-japan-hotel-doubles-pay-to-fight-labor-shortage/ #business #companies #hotels #wages #mystayshotelmanagement #tourism

thejapantimes, to business
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According to the Swedish Games Industry, every fourth person in the world has played a game made in Sweden. With hits like "Minecraft", "Valheim", and "Raft" the country is producing many hits with small or one-man teams. https://www.japantimes.co.jp/business/2024/05/15/companies/sweden-small-game-studios/ #business #companies #minecraft #videogames #sweden

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Honda is scaling down its full-time production workforce in China, with roughly 1,700 employees having agreed to leave thus far. https://www.japantimes.co.jp/business/2024/05/15/companies/honda-cut-china-workforce/

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Rakuten has logged its fifteenth consecutive quarter in the red as losses at its mobile service network unit outweighed a record performance from its financial unit. https://www.japantimes.co.jp/business/2024/05/14/companies/rakuten-consecutive-loss/

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Sony Group said it expects operating income of ¥1.28 trillion in the year to March, missing analyst expectations for both profit and sales as PlayStation 5 hardware sales wane. https://www.japantimes.co.jp/business/2024/05/14/companies/sony-profit-outlook/ #business #companies #sony #ps5 #playstation #paramountglobal

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Nomura Holdings has set its its sights on almost doubling its pretax profit by the end of the decade, as its Chief Executive Officer Kentaro Okuda seeks to build on last year’s earnings revival. https://www.japantimes.co.jp/business/2024/05/14/companies/nomura-growth-plan/

thejapantimes, to business
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In the years since Russia invaded Ukraine, Norwegian oil and gas giant Equinor has quietly picked up its crown. Norway now supplies 30% of Europe's gas, and roughly two-thirds of Norway's exports last year were sold by Equinor. https://www.japantimes.co.jp/business/2024/05/14/companies/europe-gas-supply-company/

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SpaceX is building launch facilities, office buildings and even a shopping center in rural Texas, but the state's property records show the space venture and its contractors can be far slower to pay builders and suppliers than they are to break ground. https://www.japantimes.co.jp/business/2024/05/14/companies/musk-spacex-texas-bills/ #x

thejapantimes, to business
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President Emmanuel Macron has said he would be open to seeing a major French bank being taken over by a European Union rival in order to spur the deeper financial integration he sees as critical for the bloc’s future prosperity. https://www.japantimes.co.jp/business/2024/05/14/companies/macron-french-banks-europe/ #business #companies #emmanuelmacron #france #banks #banking #eu #europe

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Japan’s legacy automakers are jumping on the big-tech bandwagon as they race to revive waning interest among Chinese consumers. https://www.japantimes.co.jp/business/2024/05/14/companies/japan-carmakers-china-push/

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Blackstone is working with the management of I’rom Group to take the Japanese pharmaceutical services company private. https://www.japantimes.co.jp/business/2024/05/13/companies/blackstone-drug-trial-firm-private/

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SoftBank Group reported a second straight quarter of profitability on Monday as the Japanese tech conglomerate benefits from an artificial intelligence investment boom that has buoyed prized assets like Arm Holdings. https://www.japantimes.co.jp/business/2024/05/13/companies/softbank-1q-profit/

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With scorching heat in the summer stopping many from going outside and shopping, some specialty stores and manufacturers in Japan are focusing on selling "cold bread" that can be eaten like a dessert. https://www.japantimes.co.jp/business/2024/05/13/companies/japan-frozen-bread/

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Chinese e-commerce giants are facing a delicate balance between discounts and profit, as consumers look for lower-cost shopping. https://www.japantimes.co.jp/business/2024/05/13/companies/chinese-ecommerce-giants-profit/

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