Japan's Softbank says nine-month profit up four-fold
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Japan's Softbank Corp. said Thursday that its net profit more than quadrupled in the nine months to December as customers flocked to its mobile phones and its affiliate Alibaba.com listed in Hong Kong.
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Japan's Nikkei rose 0.54 percent on Tuesday to post its highest close in five months after economic data supported the view that Japan's economic slowdown is temporary, giving a boost to banks such as Mizuho Financial Group
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PepsiCo Inc. PEP.N, the No. 2  soft-drink maker, on Thursday reported higher fourth-quarter  profit on volume growth, a strong pricing environment and a  favorable foreign exchange rate.
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The yen hit a fresh four-week high  against the dollar and edged up against the euro on Friday as  stronger-than-expected Japanese data gave the currency a  belated boost.
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The San Francisco-based company said that it earned $267 million during its fiscal fourth quarter, which ended Nov. 25, up from $96 million at the same time in 2006.
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TOKYO (CBS.MW) - Japan&#39;s third-largest automaker Honda Motor Co. said Wednesday its first-half net profit rose 0.9 percent to 241.
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Mizuho Financial Group, Japanâs biggest bank, reported an 8.4 percent fall in first-half profit on Monday but raised its full-year outlook by 33 percent due to smaller charges than expected for writing off bad loans.
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Internet and telecoms giant Softbank Corp   will spend about 40 billion yen ($350 million) to  start operations next year at a new data centre in southwestern  Japan, the Nikkei business daily said on Sunday.
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IBM reported strong fourth-quarter earnings on Monday, beating analysts' expectations. It plans to provide its full earnings report later this week.
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The Nikkei average ended up 0.17 percent   on Tuesday as investors sought bargains in stocks such as   Internet group Softbank Corp. while a stronger yen saw profits   taken on exporters such as Honda Motor Co. Ltd.
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Japanese giant electronics maker Toshiba said it returned to the black with a 8.4 billion yen (79 million dollars) net profit in the first half and upgraded its full-year forecast despite global uncertainty.
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Gross domestic product in Japan rose at a higher-than-expected annual rate of 4.8 percent in the fourth quarter, but economists called it a one-time surge.
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The record finish capped a four-month rally driven by corporate buyouts, strong profits and stock buybacks.
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Japan's Softbank Corp. plans to raise  about $12 billion by securitizing earnings of the cell phone  unit it bought from Vodafone Group PLC, a source close to the  matter said on Tuesday, allowing it to secure funds at a lower  rate than with conventional loans.
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Japanese telecoms and internet firm Softbank has seen losses climb as it spends to market a new cut-rate phone service.
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Softbank, the Japanese telecommunications conglomerate, on Thursday closed one of the world's biggest whole-business securitisations on record, a Y1,442bn ($12.4bn) refinancing of the purchase of Vodafone Japan's mobile business.
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Japanese banking giant Mitsubishi UFJ Financial Group said it had swung to an annual net profit of 1.18 trillion yen (10.48 billion dollars) from a big loss a year earlier as bad debts shrank and an economic recovery picked up.