Combined profit of Japan companies tops pre-COVID pandemic level

Economy

The combined net profit of listed Japanese companies in the April-December period topped the level in the same period of 2019 prior to the COVID-19 pandemic, as a recovery in consumer spending and the easing of a global chip crunch bolstered growth, data from a securities house showed Thursday. The combined net profit of firms listed on the Tokyo Stock Exchange's First Section in the three quarters through December totaled 28 trillion yen ($242 billion), up around 30 percent from the same period in 2019, with sales also recovering to around the same level, according to SMBC Nikko Securities In...

Kyodo News

Kyodo News