SMBC midyear net profit jumps 61.3%

SMBC midyear net profit jumps 61.3%

TOKYO, Japan - Sumitomo Mitsui Banking Corp. (SMBC) President Yoshifumi Nishikawa announces in Tokyo on Nov. 25 that the bank's group net profit in the first half of fiscal 2002 rose 61.3% from a year earlier, improving sharply from a 68.1% drop the previous midyear and a 463.89 billion yen full-year loss posted in fiscal 2001.

NTT plunges into red

NTT plunges into red

TOKYO, Japan - Nippon Telegraph and Telephone Corp. (NTT) President Junichiro Miyazu (C) speaks at a news conference Nov. 22, 2001 on the telecom carrier's financial statement for the fiscal first half ended Sept. 30. NTT suffered a group net loss of 261.33 billion yen as it posted huge valuation losses on its acquisitions of overseas telecommunications companies.

Marubeni likely to fall into red in fiscal 1st half

Marubeni likely to fall into red in fiscal 1st half

TOKYO, Japan - Toru Tsuji (R), president of the major Japanese trading house Marubeni Corp., meets the press in Tokyo on Nov. 8. He said Marubeni's group earnings in the fiscal first half to Sept. 30 will likely fall into the red, leading it to forgo dividend payments in fiscal 2001 for the third year in a row mainly due to restructuring costs and appraisal losses on its stockholdings.

NTT DoCoMo posts unconsolidated net loss in 1st half

NTT DoCoMo posts unconsolidated net loss in 1st half

TOKYO, Japan - Keiji Tachikawa, president of NTT DoCoMo Inc., speaks at a news conference Nov. 7 in Tokyo. He said the company incurred an unconsolidated net loss of 27.81 billion yen in the April-September first half of fiscal 2001 in stark contrast to a net profit of 101.45 billion yen a year earlier.

Fujitsu falls into red for 1st half

Fujitsu falls into red for 1st half

TOKYO, Japan - Fujitsu Ltd. Vice President Takashi Takaya meets the press Oct. 24 in Tokyo as the leading Japanese computer maker plunged into the red for the first half of fiscal 2001. The company said it will slash 4,600 more jobs by the March 31 end of fiscal 2001 as well as 16,400 jobs already slated to be cut.

Nissan to post 3rd straight half-year of record profits

Nissan to post 3rd straight half-year of record profits

TOKYO, Japan - Carlos Ghosn, Nissan Motor Co. president and chief executive officer, holds a news conference Oct. 18 at the company's headquarters in Tokyo. The second-largest Japanese automaker expects to post a record group operating profit of 187 billion yen for the 2001 fiscal first half, which ended Sept. 30, up 39.1% from a year earlier, marking the third consecutive half-year of record profits.

Mitsubishi Tokyo to post interim net loss of 70 bil. yen

Mitsubishi Tokyo to post interim net loss of 70 bil. yen

TOKYO, Japan - Tadahiko Fujino (L), managing director of Mitsubishi Tokyo Financial Group Inc., one of Japan's largest banking groups, speaks at a news conference Sept. 28. Fujino said his group expects to book a consolidated net loss of 70 billion yen in the first half of fiscal 2001 which ends Sept. 30.

NTT DoCoMo posts unconsolidated net loss in 1st half

NTT DoCoMo posts unconsolidated net loss in 1st half

TOKYO, Japan - Keiji Tachikawa, president of NTT DoCoMo Inc., speaks at a news conference Nov. 7 in Tokyo. He said the company incurred an unconsolidated net loss of 27.81 billion yen in the April-September first half of fiscal 2001 in stark contrast to a net profit of 101.45 billion yen a year earlier.

Marubeni likely to fall into red in fiscal 1st half

Marubeni likely to fall into red in fiscal 1st half

TOKYO, Japan - Toru Tsuji (R), president of the major Japanese trading house Marubeni Corp., meets the press in Tokyo on Nov. 8. He said Marubeni's group earnings in the fiscal first half to Sept. 30 will likely fall into the red, leading it to forgo dividend payments in fiscal 2001 for the third year in a row mainly due to restructuring costs and appraisal losses on its stockholdings.

NTT plunges into red

NTT plunges into red

TOKYO, Japan - Nippon Telegraph and Telephone Corp. (NTT) President Junichiro Miyazu (C) speaks at a news conference Nov. 22, 2001 on the telecom carrier's financial statement for the fiscal first half ended Sept. 30. NTT suffered a group net loss of 261.33 billion yen as it posted huge valuation losses on its acquisitions of overseas telecommunications companies.

Nissan to post 3rd straight half-year of record profits

Nissan to post 3rd straight half-year of record profits

TOKYO, Japan - Carlos Ghosn, Nissan Motor Co. president and chief executive officer, holds a news conference Oct. 18 at the company's headquarters in Tokyo. The second-largest Japanese automaker expects to post a record group operating profit of 187 billion yen for the 2001 fiscal first half, which ended Sept. 30, up 39.1% from a year earlier, marking the third consecutive half-year of record profits.

Fujitsu falls into red for 1st half

Fujitsu falls into red for 1st half

TOKYO, Japan - Fujitsu Ltd. Vice President Takashi Takaya meets the press Oct. 24 in Tokyo as the leading Japanese computer maker plunged into the red for the first half of fiscal 2001. The company said it will slash 4,600 more jobs by the March 31 end of fiscal 2001 as well as 16,400 jobs already slated to be cut.

SMBC midyear net profit jumps 61.3%

SMBC midyear net profit jumps 61.3%

TOKYO, Japan - Sumitomo Mitsui Banking Corp. (SMBC) President Yoshifumi Nishikawa announces in Tokyo on Nov. 25 that the bank's group net profit in the first half of fiscal 2002 rose 61.3% from a year earlier, improving sharply from a 68.1% drop the previous midyear and a 463.89 billion yen full-year loss posted in fiscal 2001. (Kyodo)