Latest Financial performance News
Japanese game maker Sega Sammy sells resort to US fund
TOKYO (AP) — Sega Sammy is selling its resort complex Seagaia to Fortress Investment Group of the U.S., the Japanese entertainment company said Friday. Tokyo-based Sega Sammy Holdings, the company behind the “Sonic the Hedgehog” video games, said it will sell all its shares in...
Bank of England edges closer to rate cut, possibly in June, as it predicts below-target inflation
LONDON (AP) — The Bank of England maintained its key U.K. interest rate at a 16-year high of 5.25% though it gave a broad hint that a reduction could be on the cards as soon as June as inflation is forecast to fall below target. In a statement Thursday, the bank’s nine-member...
Japanese automaker Nissan reports 92% jump in profit as sales surge
TOKYO (AP) — Nissan’s profit for the fiscal year through March jumped 92% to 426.6 billion yen ($2.7 billion) as sales grew in all major global markets except China, the Japanese automaker said Thursday. Annual sales surged nearly 20% to 12.7 trillion yen ($81.5 billion), Nissan...
Beyond Meat urges investors to look past bumpy Q1, says new US burger could reignite sales
Plant-based meat maker Beyond Meat urged investors to look past its mixed first quarter results Wednesday, saying a new, healthier burger hitting U.S. shelves now will help reignite weak sales. “We really do believe we are at the early stages of a pivotal and terrific year for...
Toyota racks up booming profit, vows to invest to keep growth going
TOKYO (AP) — Toyota doubled its net profit in the fiscal year that ended in March, as strong vehicles sales and a favorable exchange rate lifted results for Japan’s top automaker. Toyota Motor Corp.'s annual profit totaled 4.9 trillion yen ($31.9 billion), up from 2.45 trillion...
Nintendo to announce Switch successor in this fiscal year as profits rise
TOKYO (AP) — Japanese video-game maker Nintendo said Tuesday that it will make an announcement about a successor to its Switch home console sometime before March 2025. In reporting its financial results, Nintendo gave no details about the announcement, including about whether it...
This Week: Disney, Papa John's earnings; University of Michigan consumer sentiment report
Disney reports The Walt Disney Co. issues its latest quarterly report Tuesday. Analysts forecast Disney, which owns ESPN and about a dozen theme parks around the world, earned $1.10 per share in the second quarter on $22.1 billion in sales. California-based Disney...
Berkshire's profit plunges 64% on portfolio holdings as Buffett sells Apple
OMAHA, Neb. (AP) — Berkshire Hathaway's first quarter profits plummeted along with the paper value of its investments, but the company said Saturday that most of the businesses it owns outright performed well. The company reported reported a $12.7 billion profit, or $8.825 per...
McDonald's plans to step up deals and marketing to combat slower fast food traffic
McDonald’s plans to step up deals and value messaging to combat slowing sales. The Chicago burger giant said inflation-weary customers are eating out less often in many big markets. In the first quarter, fast food traffic was flat or down in the U.S., Australia, Canada, Japan, the...
Stock market today: Asian benchmarks mostly slide as investors focus on earnings
TOKYO (AP) — Asian shares mostly declined Thursday as investors awaited a flood of global earnings reports, including updates from U.S. tech companies known as the “Magnificent Seven.” Japan's benchmark Nikkei 225 slid 1.4% in morning trading to 37,931.81. South Korea's Kospi...
