Tag: profit
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Nippon Steel raises FY2026 profit forecast on strong US Steel earnings
TOKYO, Aug 4 : Japan’s top steelmaker Nippon Steel on Tuesday raised its full-year net profit forecast by 32 per cent to 290 billion yen ($1.84 billion), citing stronger earnings at U.S. Steel amid a firmer U.S. steel market. • Nippon Steel posted a 75.30 billion yen net profit for the April-June first qua
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HSBC restarts buybacks after rates and wealth boost H1 profit
HONG KONG/LONDON, Aug 4 : HSBC Holdings reported a better-than-expected first-half profit and raised its net interest income target, driven by revenue growth in lending and wealth management fee earnings on robust money flows.Europe’s largest bank posted a pretax profit of $19.5 billion for the first six mont
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Nissan books operating profit for fourth quarter in a row
YOKOHAMA, Japan, Aug 3 : Nissan reported an operating profit for a fourth consecutive quarter on Monday, as improvements in controlling costs and a weaker yen offset lower sales volumes globally and higher raw material prices.Operating income for the three months ended June totalled 77.9 billion yen ($497 mil
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MUFG’s first-quarter profit soars 48% on higher loan margins
TOKYO, Aug 3 : Mitsubishi UFJ Financial Group booked a 48 per cent jump in first-quarter profit, it said on Monday, joining rivals in seeing earnings jump in the period as loan demand stayed strong despite volatile global markets.Japan’s largest lender by assets generated 809.4 billion yen ($5.2 billion) in
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Japan bank SMFG’s Q1 profit jumps 33% on robust loan demand
TOKYO, July 31 : Sumitomo Mitsui Financial Group recorded a 33 per cent rise in first-quarter profit, marking the latest Japanese financial institution to weather huge swings in global markets and trade and stay on track for record profits.Strong loan demand from SMFG’s clients, which are primarily made of up
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Sony hikes profit forecast on gaming strength
TOKYO: Sony on Friday (Jul 31) hiked its full-year operating profit forecast by 8 per cent to 1.72 trillion yen (US$10.72 billion), citing the strength of its gaming business.The Japanese conglomerate has received plaudits for its pivot to entertainment, but the market is concerned about the impact of AI and
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Toyota supplier Denso posts drop in first-quarter profit
TOKYO, July 31 : Japan’s Denso, a major auto parts supplier to Toyota, posted a 21.5 per cent decline in first-quarter operating profit on Friday, as rising parts and material costs outweighed a boost from a weaker yen. The auto parts supplier, which generates around 55 per cent of its revenue from Toyota gro
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Mastercard beats profit estimates as stable spending drives transaction volumes
July 30 : Mastercard posted a second-quarter profit that surpassed Wall Street expectations on Thursday, boosted by robust transaction volumes driven by steady consumer spending. Despite fears that geopolitical tensions and the resulting economic uncertainty would dent consumer appetite for spending, shopper
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Germany news: Deutsche Bahn returns to profit
Rail operator Deutsche Bahn has returned to profit for the first time in years, helped by rising demand. Meanwhile, a court is set to hear a case about the forwarding of private WhatsApp messages. DW has more.
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Mastercard profit beats estimates as stable spending drives transaction volumes
July 30 : Mastercard posted a second-quarter profit that surpassed Wall Street expectations on Thursday, boosted by robust transaction volumes driven by steady consumer spending. Shares of the company were up over 3 per cent in trading before the bell. Despite fears that geopolitical tensions and the
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