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Nissan unveils drastic streamlining plan

YOKOHAMA, Japan, May 18 Kyodo - Nissan Motor Co. CEO Ivan Espinosa attends a press conference in Yokohama on May 13, 2025, announcing a drastic restructuring package including closure of seven vehicle plants and a cut of 20,000 jobs globally as the company logged a massive net loss for fiscal 2024. (Kyodo)

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Nissan unveils drastic streamlining plan

Nissan Motor Co. CEO Ivan Espinosa attends a press conference in Yokohama on May 13, 2025, announcing a drastic restructuring package including closure of seven vehicle plants and a cut of 20,000 jobs globally as the company logged a massive net loss for fiscal 2024.

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Nissan unveils drastic streamlining plan

Nissan Motor Co. CEO Ivan Espinosa attends a press conference in Yokohama on May 13, 2025, announcing a drastic restructuring package including closure of seven vehicle plants and a cut of 20,000 jobs globally as the company logged a massive net loss for fiscal 2024.

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Nissan unveils drastic streamlining plan

Nissan Motor Co. CEO Ivan Espinosa attends a press conference in Yokohama on May 13, 2025, announcing a drastic restructuring package including closure of seven vehicle plants and a cut of 20,000 jobs globally as the company logged a massive net loss for fiscal 2024.

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Nissan unveils drastic streamlining plan

Nissan Motor Co. CEO Ivan Espinosa attends a press conference in Yokohama on May 13, 2025, announcing a drastic restructuring package including closure of seven vehicle plants and a cut of 20,000 jobs globally as the company logged a massive net loss for fiscal 2024.

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Nissan Motor FY 2024 Financial Results Briefing

Nissan Motor Co., Ltd. briefing on financial results for fiscal year 2024. Photo shows (from left) Ivan Espinosa, President and CEO, and Jeremy Papin, Chief Financial Officer, taking questions.=May 13,2025,Yokohama, Kanagawa

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Nissan unveils drastic streamlining plan

Nissan Motor Co. CEO Ivan Espinosa attends a press conference in Yokohama on May 13, 2025, announcing a drastic restructuring package including closure of seven vehicle plants and a cut of 20,000 jobs globally as the company logged a massive net loss for fiscal 2024.

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Nissan unveils drastic streamlining plan

Nissan Motor Co. CEO Ivan Espinosa attends a press conference in Yokohama on May 13, 2025, announcing a drastic restructuring package including closure of seven vehicle plants and a cut of 20,000 jobs globally as the company logged a massive net loss for fiscal 2024.

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Nissan unveils drastic streamlining plan

Nissan Motor Co. CEO Ivan Espinosa attends a press conference in Yokohama on May 13, 2025, announcing a drastic restructuring package including closure of seven vehicle plants and a cut of 20,000 jobs globally as the company logged a massive net loss for fiscal 2024.

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Nissan unveils drastic streamlining plan

Nissan Motor Co. CEO Ivan Espinosa attends a press conference in Yokohama on May 13, 2025, announcing a drastic restructuring package including closure of seven vehicle plants and a cut of 20,000 jobs globally as the company logged a massive net loss for fiscal 2024.

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Nissan unveils drastic streamlining plan

Nissan Motor Co. CEO Ivan Espinosa attends a press conference in Yokohama on May 13, 2025, announcing a drastic restructuring package including closure of seven vehicle plants and a cut of 20,000 jobs globally as the company logged a massive net loss for fiscal 2024.

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Toyota releases fiscal 2024 earnings

TOKYO, Japan, May 8 Kyodo - Toyota Motor Corp. President Koji Sato holds a press conference in Tokyo on May 8, 2025, after the company released fiscal 2024 earnings and earnings projections for fiscal 2025. (Kyodo)

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Toyota releases fiscal 2024 earnings

Toyota Motor Corp. President Koji Sato holds a press conference in Tokyo on May 8, 2025, after the company released fiscal 2024 earnings and earnings projections for fiscal 2025.

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Toyota releases fiscal 2024 earnings

Toyota Motor Corp. President Koji Sato holds a press conference in Tokyo on May 8, 2025, after the company released fiscal 2024 earnings and earnings projections for fiscal 2025.

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Toyota releases fiscal 2024 earnings

Toyota Motor Corp. President Koji Sato (C) holds a press conference in Tokyo on May 8, 2025, after the company released fiscal 2024 earnings and earnings projections for fiscal 2025.

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Toyota releases fiscal 2024 earnings

Toyota Motor Corp. President Koji Sato (C) holds a press conference in Tokyo on May 8, 2025, after the company released fiscal 2024 earnings and earnings projections for fiscal 2025.

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Toyota releases fiscal 2024 earnings

Toyota Motor Corp. President Koji Sato (C) holds a press conference in Tokyo on May 8, 2025, after the company released fiscal 2024 earnings and earnings projections for fiscal 2025.

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Toyota releases fiscal 2024 earnings

Toyota Motor Corp. President Koji Sato (C) holds a press conference in Tokyo on May 8, 2025, after the company released fiscal 2024 earnings and earnings projections for fiscal 2025.

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Toyota releases fiscal 2024 earnings

Toyota Motor Corp. President Koji Sato (C) holds a press conference in Tokyo on May 8, 2025, after the company released fiscal 2024 earnings and earnings projections for fiscal 2025.

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Toyota releases fiscal 2024 earnings

Toyota Motor Corp. President Koji Sato holds a press conference in Tokyo on May 8, 2025, after the company released fiscal 2024 earnings and earnings projections for fiscal 2025.

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Toyota releases fiscal 2024 earnings

Toyota Motor Corp. President Koji Sato holds a press conference in Tokyo on May 8, 2025, after the company released fiscal 2024 earnings and earnings projections for fiscal 2025.

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Scandal-hit Fuji Media Holdings logs loss

Fuji Television Network Inc. President Kenji Shimizu and Osamu Kanemitsu, president of its parent company Fuji Media Holdings Inc., attend a press conference in Tokyo on April 30, 2025, after Fuji Meida said it is projected to log a consolidated net loss of 20.1 billion yen (approx. $139.4 million) for fiscal 2024 following a scandal in which former TV personality Masahiro Nakai allegedly sexually assaulted a former Fuji TV employee that led sponsors to pull their commercials.

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Scandal-hit Fuji Media Holdings logs loss

Fuji Media Holdings Inc. President Osamu Kanemitsu speaks at a press conference in Tokyo on April 30, 2025, after the media group said it is projected to log a consolidated net loss of 20.1 billion yen (approx. $139.4 million) for fiscal 2024 following a scandal in which famed former TV personality Masahiro Nakai allegedly sexually assaulted a former employee of its subsidiary Fuji Television Network Inc. that has led sponsors to pull their commercials. Kanemitsu also announced his resignation.

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Scandal-hit Fuji Media Holdings logs loss

Fuji Television Network Inc. President Kenji Shimizu speaks at a press conference in Tokyo on April 30, 2025, after its parent company Fuji Media Holdings Inc. said it is projected to log a consolidated net loss of 20.1 billion yen (approx. $139.4 million) for fiscal 2024 following a scandal in which famed former TV personality Masahiro Nakai allegedly sexually assaulted a former Fuji TV employee that has led sponsors to pull their commercials.

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Nidec Financial Results Briefing for the Fiscal Year Ended March 31, 2024

Nidec's financial results briefing for the fiscal year ending March 31, 2024. Photo shows Shigenobu Nagamori, Representative Director and President of the Global Group. ＝(In Tokyo on April 24, 2024)

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Nidec Financial Results Briefing for the Fiscal Year Ended March 31, 2024

Nidec's financial results briefing for the fiscal year ending March 31, 2024. Pictured from right to left are Shigenobu Nagamori, Representative Director and Head of Global Group, and Mitsuya Kishida, President and Chief Executive Officer. ＝April 24, 2024, in Tokyo.

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Japan gov't approves record 115.5 tril. yen budget for FY 2025

Japanese Prime Minister Shigeru Ishiba meets the press at the premier's office in Tokyo on Dec. 27, 2024, after his Cabinet approved a record 115.54 trillion yen ($730 billion) draft initial budget for fiscal 2025.

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Japan gov't approves record 115.5 tril. yen budget for FY 2025

Japanese Prime Minister Shigeru Ishiba meets the press at the premier's office in Tokyo on Dec. 27, 2024, after his Cabinet approved a record 115.54 trillion yen ($730 billion) draft initial budget for fiscal 2025.

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Japan gov't approves record 115.5 tril. yen budget for FY 2025

Japanese Prime Minister Shigeru Ishiba meets the press at the premier's office in Tokyo on Dec. 27, 2024, after his Cabinet approved a record 115.54 trillion yen ($730 billion) draft initial budget for fiscal 2025.

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Japan gov't approves record 115.5 tril. yen budget for FY 2025

Japanese Prime Minister Shigeru Ishiba meets the press at the premier's office in Tokyo on Dec. 27, 2024, after his Cabinet approved a record 115.54 trillion yen ($730 billion) draft initial budget for fiscal 2025.

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Japan gov't economic, fiscal policy meeting

Japanese Prime Minister Shigeru Ishiba (2nd from L) speaks at a meeting of the Council on Economic and Fiscal Policy at his office in Tokyo on Dec. 26, 2024.

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Japan gov't economic, fiscal policy meeting

Japan Business Federation Chairman Masakazu Tokura attends a meeting of the Council on Economic and Fiscal Policy at the prime minister's office in Tokyo on Dec. 26, 2024.

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Japan gov't economic, fiscal policy meeting

Japanese Prime Minister Shigeru Ishiba speaks at a meeting of the Council on Economic and Fiscal Policy at his office in Tokyo on Dec. 26, 2024.

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Japan gov't economic, fiscal policy meeting

Japanese Prime Minister Shigeru Ishiba speaks at a meeting of the Council on Economic and Fiscal Policy at his office in Tokyo on Dec. 26, 2024.

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Japan gov't economic, fiscal policy meeting

Bank of Japan Governor Kazuo Ueda attends a meeting of the Council on Economic and Fiscal Policy at the prime minister's office in Tokyo on Dec. 26, 2024.

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Japan enacts 13.9 tril. yen extra budget

Japan's parliament enacts a 13.9 trillion yen ($90 billion) supplementary budget for the current fiscal year through next March with its passage through the House of Councillors in Tokyo on Dec. 17, 2024.

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Japan enacts 13.9 tril. yen extra budget

Japan's parliament enacts a 13.9 trillion yen ($90 billion) supplementary budget for the current fiscal year through next March with its passage through the House of Councillors in Tokyo on Dec. 17, 2024.

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Japan enacts 13.9 tril. yen extra budget

Japanese Prime Minister Shigeru Ishiba bows as the parliament enacted a 13.9 trillion yen ($90 billion) supplementary budget for the current fiscal year through next March with its passage through the House of Councillors in Tokyo on Dec. 17, 2024.

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Japan enacts 13.9 tril. yen extra budget

Japanese Prime Minister Shigeru Ishiba bows as the parliament enacted a 13.9 trillion yen ($90 billion) supplementary budget for the current fiscal year through next March with its passage through the House of Councillors in Tokyo on Dec. 17, 2024.

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Japan lower house panel OKs extra budget for FY 2024

Japanese Prime Minister Shigeru Ishiba (left row, front) bows at a House of Representatives Budget Committee session in Tokyo on Dec. 12, 2024, after the lower house committee approved the fiscal 2024 supplementary budget.

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Japan lower house panel OKs extra budget for FY 2024

Japanese Prime Minister Shigeru Ishiba (C, R) bows at a House of Representatives Budget Committee session in Tokyo on Dec. 12, 2024, after the lower house committee approved the fiscal 2024 supplementary budget.

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Japan gov't OKs 13.9 tril. yen extra budget

Japanese Finance Minister Katsunobu Kato holds a press conference in Tokyo on Nov. 29, 2024, after the government approved a 13.9 trillion yen ($92.6 billion) supplementary budget for the fiscal year through March.

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Japan gov't OKs 13.9 tril. yen extra budget

Japanese Finance Minister Katsunobu Kato holds a press conference in Tokyo on Nov. 29, 2024, after the government approved a 13.9 trillion yen ($92.6 billion) supplementary budget for the fiscal year through March.

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Sumitomo Chemical 1H FY2024 Financial Results and Management Strategy Meeting

Sumitomo Chemical held a briefing on financial results and management strategy for the first half of fiscal year 2024. Photo shows President Keiichi Iwata.=October 30,2024,Tokyo

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Starbucks Store

YICHANG, CHINA - OCTOBER 31, 2024 - A Starbucks store is seen in Yichang, Hubei province, China, Oct 31, 2024. Coffee company Starbucks reported revenue of $9.07 billion and profit attributable to shareholders of $909.3 million for its fiscal fourth quarter ending September 2024. Looking back at the entire fiscal year 2024, in the Chinese market, Starbucks China added 790 stores, another record high.

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Starbucks Store

YICHANG, CHINA - OCTOBER 31, 2024 - A Starbucks store is seen in Yichang, Hubei province, China, Oct 31, 2024. Coffee company Starbucks reported revenue of $9.07 billion and profit attributable to shareholders of $909.3 million for its fiscal fourth quarter ending September 2024. Looking back at the entire fiscal year 2024, in the Chinese market, Starbucks China added 790 stores, another record high.

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Starbucks Store

YICHANG, CHINA - OCTOBER 31, 2024 - A Starbucks store is seen in Yichang, Hubei province, China, Oct 31, 2024. Coffee company Starbucks reported revenue of $9.07 billion and profit attributable to shareholders of $909.3 million for its fiscal fourth quarter ending September 2024. Looking back at the entire fiscal year 2024, in the Chinese market, Starbucks China added 790 stores, another record high.

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Starbucks Store

YICHANG, CHINA - OCTOBER 31, 2024 - A Starbucks store is seen in Yichang, Hubei province, China, Oct 31, 2024. Coffee company Starbucks reported revenue of $9.07 billion and profit attributable to shareholders of $909.3 million for its fiscal fourth quarter ending September 2024. Looking back at the entire fiscal year 2024, in the Chinese market, Starbucks China added 790 stores, another record high.

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Starbucks Store

YICHANG, CHINA - OCTOBER 31, 2024 - A Starbucks store is seen in Yichang, Hubei province, China, Oct 31, 2024. Coffee company Starbucks reported revenue of $9.07 billion and profit attributable to shareholders of $909.3 million for its fiscal fourth quarter ending September 2024. Looking back at the entire fiscal year 2024, in the Chinese market, Starbucks China added 790 stores, another record high.

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Starbucks Store

YICHANG, CHINA - OCTOBER 31, 2024 - A Starbucks store is seen in Yichang, Hubei province, China, Oct 31, 2024. Coffee company Starbucks reported revenue of $9.07 billion and profit attributable to shareholders of $909.3 million for its fiscal fourth quarter ending September 2024. Looking back at the entire fiscal year 2024, in the Chinese market, Starbucks China added 790 stores, another record high.