Toyota logs 1st net profit fall in 4 yrs on higher material costs

May 11 (Kyodo) - Toyota Motor Corp. said Wednesday its net profit fell 14.0 percent in fiscal 2022 from the previous year to 2.45 trillion yen ($18 billion), the first decline in four years due to rising material costs.

Operating profit for the year ended March slid 9.0 percent to 2.73 trillion yen, although the Japanese carmaker posted record sales of 37.15 trillion yen on robust vehicle sales and a weaker yen that bloats its overseas sales when repatriated.

For the current business year through next March, Toyota expects net profit to increase 5.2 percent to 2.58 trillion yen as it expects growth in production capacity. Operating profit is projected to rise 10.1 percent to a record 3 trillion yen on sales of a record 38 trillion yen, up 2.3 percent. ...continue reading

Source: ANNnewsCH

China Extends Visa-Free Entry for Japan

China’s Foreign Ministry announced that it will extend visa-free entry for Japan, France, and 43 other countries until the end of December 2026, as the government seeks to attract more overseas investment and tourists amid a prolonged economic slowdown.

Akita Woman Becomes 13th Bear Victim

Japan’s record-breaking bear crisis has entered a new and deadly phase, with authorities confirming that a 79-year-old woman missing in Akita Prefecture was found dead in the mountains, believed to be the 13th fatality from bear attacks this year.

Second Bird Flu Case of the Season, Massive Culling Underway

An outbreak of highly pathogenic avian influenza has been confirmed at a poultry farm in Eniwa City, Hokkaido, prompting authorities to begin culling operations on Sunday afternoon.

Japan Faces Legal Hurdles in Deploying Military for Bear Control

Japan’s worsening bear problem has prompted calls for national intervention, but legal and operational barriers have complicated the government’s response. In 2025, bear attacks have reached record levels, leaving 12 people dead—double the previous high of six fatalities in 2023.

Moths Threaten Kyoto’s Famous Bamboo Shoots

Kyoto’s prized bamboo shoots, a seasonal delicacy that graces dining tables each spring, are facing an unprecedented crisis this year. The culprit is the Chinese bamboo moth (Sinachiku nomeiga), whose larvae feed on bamboo leaves, weakening the plants and severely reducing harvest yields.

MEDIA CHANNELS

MORE Business NEWS

Nutria Infestation Expands Across Western Japan, Farmers Ravaged

Farmers across western Japan are facing mounting losses from the growing population of nutria, large semi-aquatic rodents originally brought from South America. Once imported for their fur, the animals have become a major agricultural pest, chewing through crops and spreading rapidly into urban areas.

Tokyo Apartments Blow Past 100 Million Yen; What’s Driving the Spike

Condominium prices show little sign of cooling as even secondhand units in central Tokyo are routinely listed above 100 million yen, with a recent survey indicating the average price of new condominiums launched in the 23 wards in the first half of this fiscal year reached about 133.09 million yen and resale units have exceeded 100 million yen for five consecutive months, underscoring a market in which construction and labor costs have jumped, demand has spilled over into used stock, and buyers are being urged to scrutinize properties more carefully.

Nikkei Closes at Record High, Surpassing 52,000 Yen for the First Time

The Nikkei Stock Average closed at a record high of 52,411 yen on October 31st, up 1,085 yen from the previous day, marking the first time in history it has ended above the 52,000-yen level. This is the third consecutive day the index has reached a new all-time closing high.

Chinese Paper Companies Surge in Osaka Ahead of Visa Tightening

In a quiet neighborhood of Osaka stands a four-story building with around 40 rooms. Yet more than 100 companies are registered there, despite the absence of any visible workers.

UK Buyers Captivated by Yame Tea

Two tea buyers from London arrived in Fukuoka on October 28th to explore the unique appeal of Yame tea, one of Japan’s most celebrated green teas. The visit, organized by Fukuoka Prefecture as part of efforts to expand agricultural exports, aimed to introduce the rich aroma and depth of Yame tea to the United Kingdom, a nation long associated with black tea culture.

Japan Mobility Show Opens, Toyota Unveils Century Coupe

The Japan Mobility Show opened on October 29th, marking the start of Japan’s premier automotive exhibition, where foreign manufacturers are stepping up their entry into the country’s growing electric vehicle (EV) market.

Nikkei Closes Above 50,000 for the First Time Ever

The Nikkei Stock Average closed at 50,512 yen on October 27th, surpassing the 50,000 mark for the first time in history and setting a new all-time high. The benchmark index rose 1,212 yen from the previous trading day, driven by strong gains across sectors.

McDonald's Japan to End Paper Straws

McDonald's Japan announced it will phase out the use of paper straws and introduce new lids that allow customers to drink directly from the cup without a straw starting on November 19th.

< 2 3 4 5 >