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Firms on TSE forecast losses, lower profits

Oct 31, 2020 (NHK) - About two-thirds of corporations listed on the Tokyo Stock Exchange's first section are forecasting losses or a fall in profits for fiscal 2020.

SMBC Nikko Securities has analyzed the earnings reports from 236 of the companies that have announced their first-half financial results. It says 36 percent have reported gains, and 63 percent have reported losses.

Twelve percent of the companies that announced their forecasts say they expect to book a net loss, and 54 percent expect losses.

SMBC Nikko Securities strategist Yasuda Hikaru says the aviation and land transportation sectors will continue to be badly hit by the pandemic.

He says companies that are better fitted to so-called "coronavirus lifestyles" will continue to see brisk business.

Yasuda also says the key will likely be cost-cutting, improving work efficiency, searching for new ways to work, and developing new products.

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Typhoon No. 30 formed near the Marshall Islands at 3 p.m. on October 15, bringing the annual number of typhoons to 30 for the first time in 13 years, with forecasts indicating that the storm will intensify into a very strong typhoon as it moves westward across the Pacific Ocean, potentially approaching Okinawa.

Burger King Japan has announced that approximately 11.18 million records containing personal information of its official app members were leaked following unauthorized access to its systems between October 2 and October 7.

Japan's first Disney cruise ship will be named "Disney Imagination," with Oriental Land and its partners planning to launch the service in spring 2029, offering a new Disney-themed travel experience departing from Tokyo.

Tokyo's 23 wards have decided to establish a new small-scale public crematorium to address rising fees at privately operated facilities and growing concerns that cremation capacity could become insufficient around 2040 as the city's aging population drives up the number of deaths.

Japan is facing a growing wave of cyberattacks as advances in artificial intelligence remove the language barrier that once made Japanese companies difficult targets for overseas hackers, with more than 68 million personal records potentially exposed in a series of security incidents over the past two weeks.

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Three people, including a former chief priest, have been arrested over the alleged takeover of a historic Buddhist temple in central Kyoto, with investigators suspecting they sold temple-owned land and buildings without authorization for approximately 226 million yen, leaving the 300-year-old institution with almost none of its property beyond its main hall and grounds.

A 41-year-old woman has been arrested on suspicion of selling sleeping pills not approved for use in Japan to girls who frequent the "Toyoko" area of Tokyo's Kabukicho entertainment district, allegedly promoting the drugs on social media as a way to experience an intense high through excessive consumption.

More than 1,000 chickens escaped from a truck onto a busy national highway in Osaki City, Miyagi Prefecture, on October 15 after the vehicle's load shifted, prompting traffic restrictions that lasted approximately four hours.

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Emperor Naruhito and Empress Masako drew attention during their September 19-20 visit to Aichi Prefecture for the opening ceremony of the 20th Asian Games, when the couple posed beside the popular character No-Face at Ghibli Park and used the Emperor's own smartphone to capture the moment, offering a rare glimpse of the Imperial Family's increasingly approachable public image.

A fire broke out at a factory handling waste plastic in Nara City on October 13, sending thick black smoke into the air and prompting the dispatch of 12 fire engines after firefighters received an emergency call shortly before 3:30 p.m. from a factory representative reporting smoke rising from inside the building, with all workers safely evacuated and no injuries reported.

Four people, including a 13-year-old junior high school girl, were injured when a large festival float collided with a roadside tree during an autumn festival in Kobe, Hyogo Prefecture, on October 12th.

A 46-year-old Cuban national has been arrested on suspicion of attempted murder after allegedly stabbing a 32-year-old foreign national at a restaurant in Yokohama, Kanagawa Prefecture, on October 11, fleeing the scene before turning himself in to police the following day.