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Sharp returns to black in FY 2013

TOKYO, Japan - Sharp Corp. President Kozo Takahashi holds a press conference in Tokyo on May 12, 2014, on the electronics maker's earnings results for fiscal 2013. Sharp said it returned to profitability in the business year ended March 2014 for the first time in three years, posting a group net profit of 11.56 billion yen, on increased sales of its mainstay liquid crystal display panels and solar batteries.

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Toyota's group operating profit hits record

TOKYO, Japan - Toyota Motor Corp. President Akio Toyoda holds a press conference at the company's Tokyo head office on May 8, 2014. The automaker's group operating profit for fiscal 2013, ended March 2014, surged 73.5 percent from the previous year to a record 2.29 trillion yen, driven by the yen's slide and robust sales in Japan and North America.

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Toyota's group operating profit hits record

TOKYO, Japan - Toyota Motor Corp. President Akio Toyoda holds a press conference at the company's Tokyo head office on May 8, 2014. The automaker's group operating profit for fiscal 2013, ended March 2014, surged 73.5 percent from the previous year to a record 2.29 trillion yen, driven by the yen's slide and robust sales in Japan and North America.

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Toyota's group operating profit hits record

TOKYO, Japan - Toyota Motor Corp. President Akio Toyoda holds a press conference at the company's Tokyo head office on May 8, 2014. The automaker's group operating profit for fiscal 2013, ended March 2014, surged 73.5 percent from the previous year to a record 2.29 trillion yen, driven by the yen's slide and robust sales in Japan and North America.

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Toyota's group operating profit hits record

TOKYO, Japan - Toyota Motor Corp. President Akio Toyoda holds a press conference at the company's Tokyo head office on May 8, 2014. The automaker's group operating profit for fiscal 2013, ended March 2014, surged 73.5 percent from the previous year to a record 2.29 trillion yen, driven by the yen's slide and robust sales in Japan and North America.

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Nintendo incurs 46 bil. yen operating loss in FY 2013

OSAKA, Japan - Satoru Iwata, president of Nintendo Co., speaks about his company's earnings report for fiscal 2013 at a press conference in Osaka on May 7, 2014. Nintendo incurred a group operating loss of 46.43 billion yen in the fiscal year that ended in March due mainly to sluggish sales of its Wii U home video game console and software.

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Nintendo incurs 46 bil. yen operating loss in FY 2013

OSAKA, Japan - Satoru Iwata, president of Nintendo Co., speaks about his company's earnings report for fiscal 2013 at a press conference in Osaka on May 7, 2014. Nintendo incurred a group operating loss of 46.43 billion yen in the fiscal year that ended in March due mainly to sluggish sales of its Wii U home video game console and software.

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Private-sector managed public library in Saga Pref.

SAGA, Japan - Visitors relax at Takeo City Library in Takeo, Saga Prefecture, on April 1, 2014, one year after the public library was reopened under the management of a private-sector entity. The total number of visitors to the library in fiscal 2013 ended March 31 reached 920,000, 3.6 times higher than the last fiscal year the library was open for a full 12 months under city management.

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Gov't, ruling bloc agree on 95.88 tri. yen budget for FY 2014

TOKYO, Japan - Finance Minister Taro Aso speaks to reporters at the prime minister's office in Tokyo on Dec. 21, 2013, after the government and the ruling bloc approved the government budget plan for fiscal 2014. The planned budget totals a record-high 95.88 trillion yen, up from 92.61 trillion yen the previous year.

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Japan sets new greenhouse gas emissions reduction target

TOKYO, Japan - Japanese Environment Minister Nobuteru Ishihara holds a press conference at the ministry in Tokyo on Nov. 15, 2013, on a new greenhouse gas emission reduction target. The Japanese government decided the same day to aim at a 3.8 percent reduction from fiscal 2005 in its greenhouse gas emissions target for fiscal 2020, assuming the country's nuclear power plants remain offline. The new target represents an increase of about 3 percent from the Kyoto Protocol base year of fiscal 1990.

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TEPCO logs group net profit

TOKYO, Japan - Tokyo Electric Power Co. President Naomi Hirose gives a press conference on the utility's earnings in the first half of fiscal 2013 at the company's head office in Tokyo on Oct. 31, 2013. TEPCO reported a group net profit of 616.20 billion yen for the April-September period, swinging into the black on a half-year basis for the first time since the nuclear disaster at its Fukushima Daiichi complex in 2011.

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Medium-term fiscal plan

TOKYO, Japan - A meeting of the Council on Economic and Fiscal Policy is held at the prime minister's office in Tokyo on July 30, 2013. The government started discussions to map out its medium-term fiscal rehabilitation plan and draft an initial budget for the next fiscal year.

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Japan to ratify child custody pact

TOKYO, Japan - The House of Councillors approves a bill necessary for Japan to join an international treaty to help settle cross-border child custody disputes, during a plenary session in Tokyo on May 22, 2013. Japan plans to ratify the 1980 Hague Convention on the Civil Aspects of International Child Abduction by the end of the fiscal year through March 2014.

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Olympus returns to black in FY 2012

TOKYO, Japan - Hiroyuki Sasa, president of Olympus Corp., holds a press conference in Tokyo on May 15, 2013, to release the company's earnings for fiscal 2012. Olympus said it returned to the black in the year ended March 31, 2013, with a group net profit of 8.02 billion yen, compared with a loss of 48.99 billion yen in the previous year, due partly to an improvement in its medical business.

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Toyota expects 36% profit jump

TOKYO, Japan - Toyota Motor Corp. President Akio Toyoda (L) and Nobuyori Kodaira, an executive vice president, attend a press conference in Tokyo on May 8, 2013, to release the company's earnings report for the just-ended fiscal 2012 and earnings forecast for fiscal 2013. Japan's largest automaker said it expects to book a group operating profit of 1.8 trillion yen for the current business year ending in March 2014, up 36.3 percent from the year before, on the back of a weaker yen and brisk sales in North America and Asia.

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Toshiba's profit rises 10%

TOKYO, Japan - Makoto Kubo, senior managing director of Toshiba Corp., releases the company's earnings report for fiscal 2012 at a press conference in Tokyo on May 8, 2013. Toshiba's group net profit for the year to March 31, 2013, rose 10.7 percent from the previous year to 77.53 billion yen despite a 4.9 percent fall in sales to 5.8 trillion yen.

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Toyota expects 36% profit jump

TOKYO, Japan - Toyota Motor Corp. President Akio Toyoda ends a press conference in Tokyo on May 8, 2013, held to release the company's earnings report for the just-ended fiscal 2012 and earnings forecast for fiscal 2013. Japan's largest automaker said it expects to book a group operating profit of 1.8 trillion yen for the current business year ending in March 2014, up 36.3 percent from the year before, on the back of a weaker yen and brisk sales in North America and Asia.

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Toyota expects 36% profit jump

TOKYO, Japan - Toyota Motor Corp. President Akio Toyoda is surrounded by reporters after a press conference in Tokyo on May 8, 2013, held to release the company's earnings report for the just-ended fiscal 2012 and earnings forecast for fiscal 2013. Japan's largest automaker said it expects to book a group operating profit of 1.8 trillion yen for the current business year ending in March 2014, up 36.3 percent from the year before, on the back of a weaker yen and brisk sales in North America and Asia.

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Toyota expects 36% profit jump

TOKYO, Japan - Toyota Motor Corp. President Akio Toyoda attends a press conference in Tokyo on May 8, 2013, to release the company's earnings report for the just-ended fiscal 2012 and earnings forecast for fiscal 2013. Japan's largest automaker said it expects to book a group operating profit of 1.8 trillion yen for the current business year ending in March 2014, up 36.3 percent from the year before, on the back of a weaker yen and brisk sales in North America and Asia.

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Toyota expects 36% profit jump

TOKYO, Japan - Toyota Motor Corp. President Akio Toyoda attends a press conference in Tokyo on May 8, 2013, to release the company's earnings report for the just-ended fiscal 2012 and earnings forecast for fiscal 2013. Japan's largest automaker said it expects to book a group operating profit of 1.8 trillion yen for the current business year ending in March 2014, up 36.3 percent from the year before, on the back of a weaker yen and brisk sales in North America and Asia.

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TOYOTA initiation ceremony

TOYOTA, Japan - Toyota Motor Corp. President Akio Toyoda addresses 1,179 new recruits during an initiation ceremony in Toyota, Aichi Prefecture, on April 1, 2013. An estimated 840,000 new recruits marked their first business day nationwide the same day at the start of Japan's new fiscal year.

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JAL initiation ceremony

TOKYO, Japan - New recruits to Japan Airlines Co.'s group firms fly paper planes during an initiation ceremony held inside a hanger at Tokyo's Haneda airport on April 1, 2013. It was the first time the ceremony had been held in three years. An estimated 840,000 new recruits marked their first business day nationwide the same day at the start of Japan's new fiscal year.

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TOYOTA initiation ceremony

TOYOTA, Japan - Toyota Motor Corp. President Akio Toyoda (L) hands a letter of appointment to one of 1,179 new recruits during an initiation ceremony in Toyota, Aichi Prefecture, on April 1, 2013. An estimated 840,000 new recruits marked their first business day nationwide the same day at the start of Japan's new fiscal year.

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TOYOTA initiation ceremony

TOYOTA, Japan - Toyota Motor Corp. holds an initiation ceremony for 1,179 new recruits in Toyota, Aichi Prefecture, on April 1, 2013. An estimated 840,000 new recruits marked their first business day nationwide the same day at the start of Japan's new fiscal year.

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JAL initiation ceremony

TOKYO, Japan - New recruits to Japan Airlines Co.'s group firms pose for photos after an initiation ceremony held inside a hanger at Tokyo's Haneda airport on April 1, 2013. It was the first time the ceremony had been held in three years. An estimated 840,000 new recruits marked their first business day nationwide the same day at the start of Japan's new fiscal year.

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JAL initiation ceremony

TOKYO, Japan - New recruits to Japan Airlines Co.'s group firms pose for photos after an initiation ceremony held inside a hanger at Tokyo's Haneda airport on April 1, 2013. It was the first time the ceremony had been held in three years. An estimated 840,000 new recruits marked their first business day nationwide the same day at the start of Japan's new fiscal year.

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Panasonic initiation ceremony

OSAKA, Japan - New recruits to Panasonic Corp. attend an initiation ceremony at its headquarters in Kadoma, Osaka Prefecture, on April 1, 2013. An estimated 840,000 new recruits marked their first business day nationwide the same day at the start of Japan's new fiscal year.

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Panasonic initiation ceremony

OSAKA, Japan - An initiation ceremony for new recruits to Panasonic Corp. is held at its headquarters in Kadoma, Osaka Prefecture, on April 1, 2013. An estimated 840,000 new recruits marked their first business day nationwide the same day at the start of Japan's new fiscal year.

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Lawson initiation ceremony

TOKYO, Japan - Takeshi Niinami, president of Lawson Inc., speaks at an initiation ceremony in Tokyo on April 1, 2013. The numbers of female and foreign new recruits to the company were the largest ever, according to the company. An estimated 840,000 new recruits marked their first business day nationwide the same day at the start of Japan's new fiscal year.

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Lawson initiation ceremony

TOKYO, Japan - New recruits to Lawson Inc. attend an initiation ceremony in Tokyo on April 1, 2013. The numbers of female and foreign new recruits to the company were the largest ever, according to the company. An estimated 840,000 new recruits marked their first business day nationwide the same day at the start of Japan's new fiscal year.

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Lawson initiation ceremony

TOKYO, Japan - New recruits to Lawson Inc. attend an initiation ceremony in Tokyo on April 1, 2013. The numbers of female and foreign new recruits to the company were the largest ever, according to the company. An estimated 840,000 new recruits marked their first business day nationwide the same day at the start of Japan's new fiscal year.

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JAL initiation ceremony

TOKYO, Japan - Yoshiharu Ueki, president of Japan Airlines Co., speaks at an initiation ceremony of its group firms held inside a hanger at Tokyo's Haneda airport on April 1, 2013. It was the first time the ceremony had been held in three years. An estimated 840,000 new recruits marked their first business day nationwide the same day at the start of Japan's new fiscal year.

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JAL initiation ceremony

TOKYO, Japan - Photo shows new recruits to Japan Airlines Co.'s group firms during an initiation ceremony held inside a hanger at Tokyo's Haneda airport on April 1, 2013. It was the first time the ceremony had been held in three years. An estimated 840,000 new recruits marked their first business day nationwide the same day at the start of Japan's new fiscal year.

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JAL initiation ceremony

TOKYO, Japan - New recruits to Japan Airlines Co.'s group firms attend an initiation ceremony held inside a hanger at Tokyo's Haneda airport on April 1, 2013. It was the first time the ceremony had been held in three years. An estimated 840,000 new recruits marked their first business day nationwide the same day at the start of Japan's new fiscal year.

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JAL initiation ceremony

TOKYO, Japan - New recruits to Japan Airlines Co.'s group firms attend an initiation ceremony held inside a hanger at Tokyo's Haneda airport on April 1, 2013. It was the first time the ceremony had been held in three years. An estimated 840,000 new recruits marked their first business day nationwide the same day at the start of Japan's new fiscal year.

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Nintendo slashes FY 2012 outlook

OSAKA, Japan - Nintendo Co. President Satoru Iwata holds a press conference in Osaka on Jan. 30, 2013. The game console maker revised downward its earnings outlook for fiscal 2012 ending March, forecasting a 20 billion yen group operating loss after seeing sluggish year-end sales.

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Abe meets Hashimoto

OSAKA, Japan - Japanese Prime Minister Shinzo Abe (L) and Toru Hashimoto, acting leader of the Japan Restoration Party, the second-largest opposition party, shake hands before their meeting in Osaka, western Japan, on Jan. 11, 2013. Abe received the party's support ahead of putting through an extra budget for the current fiscal year to finance stimulus measures. (Pool photo by Kyodo News)

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New uniforms for JAL employees

TOKYO, Japan - Japan Airlines Co. unveils Dec. 20, 2012, at Tokyo's Haneda airport new uniforms for its pilots, cabin attendants and other employees to be introduced during the first half of the fiscal year starting April 2013.

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New uniforms for JAL employees

TOKYO, Japan - Japan Airlines Co. unveils Dec. 20, 2012, at Tokyo's Haneda airport new uniforms for its pilots, cabin attendants and other employees to be introduced during the first half of the fiscal year starting April 2013.

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Sharp to forecast record net loss of 450 bil. yen

OSAKA, Japan - Photo taken in September 2012 shows the headquarters of Sharp Corp. in Osaka's Abeno Ward. Sharp will revise down its earnings forecast for the current fiscal year ending March 31, 2013, projecting a record group net loss of 450 billion yen, mainly due to its flagging television-making business, sources close to the matter said Nov. 1, 2012.

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Kansai Electric Power

OSAKA, Japan - File photo taken in September 2012 shows Kansai Electric Power Co.'s head office in Osaka, western Japan. The company is considering skipping year-end dividend payments for the fiscal year through March 2013 as its business is deteriorating, sources close to the issue said on Oct. 23, 2012.

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U.S. Sens. Levin, McCain on defense bill

WASHINGTON, United States - U.S. Sen. Carl Levin (L), chairman of the Senate Armed Services Committee, and committee member Sen. John McCain, hold a press conference on Capitol Hill in Washington on May 24, 2012, to discuss the National Defense Authorization Act for fiscal year 2013. The U.S. Senate has effectively rejected for a second-straight year funding for the planned partial transfer of U.S. Marines stationed in Japan's Okinawa Prefecture to Guam, as the committee cut the entire $26 million requested for the transfer while approving next fiscal year's defense budget earlier in the day.

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JAL President Ueki at press conference

TOKYO, Japan - Japan Airlines Co.'s new President Yoshiharu Ueki gives a press conference at the airline's head office in Tokyo on Feb. 15, 2012. JAL, currently undergoing rehabilitation after filing for bankruptcy in 2010, said it aims to raise its operating profit to 140 billion yen in fiscal 2013 in a five-year management plan announced the same day.

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Toyota's FY 2014 group operating profit hits record 2.75 tril. yen

Toyota Motor Corp. President Akio Toyoda speaks at a press conference at its Tokyo office on May 8, 2015. He announced that Toyota's group operating profit for fiscal 2014 rose 20.0 percent from the previous year to a record 2.75 trillion ($22.93 billion) due largely to the yen's drop, topping the previous record of 2.29 trillion yen set in fiscal 2013. (Kyodo) ==Kyodo

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Toyota's FY 2014 group operating profit hits record 2.75 tril. yen

Toyota Motor Corp. President Akio Toyoda speaks at a press conference at its Tokyo office on May 8, 2015. He announced that Toyota's group operating profit for fiscal 2014 rose 20.0 percent from the previous year to a record 2.75 trillion ($22.93 billion) due largely to the yen's drop, topping the previous record of 2.29 trillion yen set in fiscal 2013. (Kyodo) ==Kyodo

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Toyota's FY 2014 group operating profit hits record 2.75 tril. yen

Toyota Motor Corp. President Akio Toyoda speaks at a press conference at its Tokyo office on May 8, 2015. He announced that Toyota's group operating profit for fiscal 2014 rose 20.0 percent from the previous year to a record 2.75 trillion ($22.93 billion) due largely to the yen's drop, topping the previous record of 2.29 trillion yen set in fiscal 2013. (Kyodo) ==Kyodo

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U.S. Sens. Levin, McCain on defense bill

WASHINGTON, United States - U.S. Sen. Carl Levin (L), chairman of the Senate Armed Services Committee, and committee member Sen. John McCain, hold a press conference on Capitol Hill in Washington on May 24, 2012, to discuss the National Defense Authorization Act for fiscal year 2013. The U.S. Senate has effectively rejected for a second-straight year funding for the planned partial transfer of U.S. Marines stationed in Japan's Okinawa Prefecture to Guam, as the committee cut the entire $26 million requested for the transfer while approving next fiscal year's defense budget earlier in the day. (Kyodo)

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JAL President Ueki at press conference

TOKYO, Japan - Japan Airlines Co.'s new President Yoshiharu Ueki gives a press conference at the airline's head office in Tokyo on Feb. 15, 2012. JAL, currently undergoing rehabilitation after filing for bankruptcy in 2010, said it aims to raise its operating profit to 140 billion yen in fiscal 2013 in a five-year management plan announced the same day. (Kyodo)