TOKYO — Listed Japanese companies appear set to post record profits for the third straight year, a Nikkei analysis shows, with the total surpassing earlier projections thanks to reopened borders, price hikes and the depreciating yen.
Large corporations collectively are expected to generate 43.5 trillion yen ($289 billion) in net profit for the fiscal year ending March 31, up 13% from the previous year. The estimate would beat the forecast of 40 trillion yen from May 2023, which itself represented a 6% annual gain.
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