Editorial

15:00 JST, November 16, 2024

The performance of listed companies continued to recover after the COVID-19 pandemic, but their midterm financial results were down for the first time in four years due to poor performance in sectors such as the automobile industry. Companies should review their “earning power” and reaccelerate growth.

Almost all of the companies listed on the Tokyo Stock Exchange have reported their interim financial results for the half-year period through September. The total final profits of about 1,300 of the companies that make up the TOPIX index — excluding SoftBank Group Corp., which sees a high degree of fluctuation in investment business profits, and financial firms — decreased compared to the same period last year.

In the auto industry, whose companies do business with a wide array of partners, it is a cause for concern that five of the........

© The Japan News