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Japanese firms' net profit in Jan-March falls 41.3% on cost hikes

11 Comments

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The predictable reaction from the corporations will be more cost cutting and salary suppression. The reaction from the people will be more belt tightening. This is why lowering interest rates alone was a terrible idea. It achieved nothing beyond accelerating Japan's fall towards the middle-income countries.

5 ( +14 / -9 )

A weaker yen boosts exporters' profits earned overseas when repatriated.

Were those record profits used for concomitant wage raises. No.

Japanese firms' net profit in Jan-March falls 41.3% on cost hikes

Will this be used as an excuse for wage freezes, reduced bonuses? All signs point to yes.

2 ( +13 / -11 )

Don't forget to add the continued multi-billion dollar hit to the tourism sector, or what is left of it.

Then work out the reduction in tax income.

Good job the Japanese government have that bottomless pit of free money to keep everyone happy.

4 ( +11 / -7 )

Japan corporations are too slow to raise prices. The absorb the price increase internally and then overburden their employees with less pay and less hiring. This is why Japans hasn’t seen the inflation others have. It’s being hidden to save face.

2 ( +11 / -9 )

Japanese firms' net profit in Jan-March falls 41.3% on cost hikes

This is something that Japan's new capitalism can not anticipate?

https://japantoday.com/category/politics/update1-kishida-urges-gov%27t-panel-to-craft-proposals-for-new-capitalism-soon

1 ( +6 / -5 )

Forest for the trees. Corporate Japan is still healthily profitable, with a 32 percent rise during the fiscal year just ended. Right now is a bad time, however, with oil price surges -- and especially when the Softbank disaster is included! LOL.

4 ( +5 / -1 )

As JeffLee-san says, this is a bit of an impression manipulation headline. 41.3% of the total is largely due to SoftBank's huge investment losses, and only 16% is probably real. Besides, if we look at the fiscal year ended in March, net income of listed companies is up 36% from the previous year, and if we exclude Softbank's performance, it is up 75%. Moreover, one in three listed companies had the highest profits in their histories for the fiscal year ended March 2022.

13 ( +14 / -1 )

Cannot be profitable is the yen is depressed, it may be a seller market but when it comes to buying raw material, that's where the losses occur

-1 ( +2 / -3 )

Good job the Japanese government have that bottomless pit of free money to keep everyone happy.

When people start speaking of Japanese largesse, I reach for my compendium of Korean proverbs.

"Having the stomach full with only three jujubes" and “A yangban picks his teeth even after only drinking a bowl of cold water."

-2 ( +1 / -3 )

A weaker yen boosts exporters' profits earned overseas when repatriated.

Let's face the truth, not much being made in Japan anymore.

It is not about soaring prices only, it is also about tourism and other industries being slaughter due to the response to virus.

The end is near, brace for impact.

-7 ( +2 / -9 )

The amount of data manipulation from LDP and Japan Inc is incredible. A few days ago, they announced that Toyota and big Japanese firms make record profits, then now they slap this news around here.

-3 ( +0 / -3 )

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