Edition:
United States

Takashi Umekawa

Japan's MUFG weathers near-zero rates with 24% profit jump in first quarter

Jul 31 2019

TOKYO Japan's Mitsubishi UFJ Financial Group on Wednesday posted a 24% jump in first-quarter profit, as the sale of foreign bonds and other one-off gains helped it ride out weakness in its core banking business.

UPDATE 1-Japan's Mizuho Q1 profit up 0.8% on overseas lending strength

Jul 31 2019

* Mizuho booked $6.3 bln impairment loss in previous year (Adds details of earnings, context)

Nomura's first-quarter profit soars more than 10 times after horror year

Jul 31 2019

TOKYO Nomura Holdings on Wednesday said its first-quarter profit soared more than tenfold after restructuring its portfolio, as Japan's top investment bank sought to draw a line under its worst year in a decade.

UPDATE 1-Japan's largest lender MUFG posts 24% rise in Q1 net profit

Jul 31 2019

* Avoided write-down on Indonesian Bank Danamon (Adds further earnings details, context)

UPDATE 1-Japan's SMFG says first-quarter net profit fell 5% as retail business struggles

Jul 30 2019

* First-quarter net profit Y216 bln vs Y227 bln a year earlier

As steep patent cliff looms, Shionogi moves to develop its own U.S. sales staff

Jul 16 2019

TOKYO For much of its 141-year history, Japan's Shionogi & Co Ltd has played safe when selling its drugs in the United States and other overseas markets - relying on bigger partners to promote its products and avoiding the cost of maintaining a large sales force.

UPDATE 2-Japan's Yokohama, Chiba banks tie up to counter low interest rate environment

Jul 10 2019

* Regional banks navigating low rates, ageing population (Adds executive comments, context)

Japan's top two regional banks consider tie-up

Jul 09 2019

TOKYO Bank of Yokohama and Chiba Bank Ltd are considering a business tie-up, the banks said on Tuesday, after the Nikkei newspaper reported that the two regional lenders would form a comprehensive partnership.

Japan's GPIF posts $84 billion profit in fourth-quarter as stock market recovers

Jul 05 2019

TOKYO Japan's Government Pension Investment Fund (GPIF), the world's largest pension fund, on Friday reported a profit of 9.1 trillion yen ($84.4 billion) in January-March, swinging from a record loss in the prior quarter, thanks to an upturn in stock markets.

Nomura shareholders vote to keep embattled CEO

Jun 24 2019

TOKYO Japan's Nomura Holdings Inc won shareholder approval on Monday for the re-appointment of its chief executive officer, overcoming concerns about the leaking of market information and its first annual loss in a decade.

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