Japanese listed companies this fiscal year will likely match or surpass their record total profits from fiscal 2007, underscoring their recovery from the financial crisis and the March 2011 earthquake and tsunami.
The Nikkei tallied pretax profits for companies that have released results for the year ended March 31 as of Wednesday, excluding financial and power companies. Total profits swelled 36% last fiscal year and are seen climbing 2% this fiscal year.Combined fiscal 2014 pretax profits at 1,258 companies are projected at around 29 trillion yen ($281 billion), or 98% of fiscal 2007's figure. Although Toyota Motor and NTT expect profit declines, 62% of businesses are forecasting growth.
Companies that have boosted earnings globally are drawing particular attention. Mitsubishi Heavy Industries is focusing on areas where it can compete worldwide, and it expects its first record profit in 18 years this fiscal year on the back of its strong energy and aviation-related businesses.
Source: NewsOnJapan
Companies that have boosted earnings globally are drawing particular attention. Mitsubishi Heavy Industries is focusing on areas where it can compete worldwide, and it expects its first record profit in 18 years this fiscal year on the back of its strong energy and aviation-related businesses.
Source: NewsOnJapan
