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Japan’s Corporate Giants Smash Records: Q2 Operating Profit Soars to Unprecedented 35 Trillion Yen

Japan’s Corporate Giants Smash Records: Q2 Operating Profit Soars to Unprecedented 35 Trillion Yen

September 2, 2024 Catherine Williams - Chief Editor Tech

Record-Breaking Operating Profit for Domestic ⁤Companies in Japan

Japan’s Ministry ⁢of Finance has⁤ released its latest corporate statistics survey, revealing a record-breaking operating profit of approximately 35 trillion yen for domestic companies⁤ from April to June this year.

The survey, conducted every three months, targets around 30,000⁤ companies with capital of 10 million yen or more, providing ‌valuable insights ⁣into the country’s ⁤economic performance.

The operating profit of domestic ⁣companies, excluding finance⁢ and insurance, reached 35.768 ‌trillion yen, marking a ‌13.2% increase from the same period last year‌ and the highest quarterly amount ever recorded.

The manufacturing sector‍ saw a significant increase of 13%, driven by the growth ⁤of automakers and semiconductor companies. The weak⁣ yen has contributed to the surge in‌ profits⁢ for automakers, while the increasing demand for data centers, fueled by advances in AI technology,⁢ has led to a rise ​in ‍orders for semiconductor companies.

Non-manufacturing industries also experienced a ⁣notable increase of 13.3%,⁣ with service industries such as hotels and restaurants thriving due to the influx of foreign tourists visiting⁣ Japan. The construction‌ sector has also ⁣received large-scale orders, contributing to the⁣ growth.

In addition to the record-breaking operating profit, the total amount of corporate facility investment has‌ increased by 7.4% compared to ⁢the same period last year, reaching 11.9161​ trillion yen.

The manufacturing⁣ sector⁤ saw ​a moderate increase of 1.4% in facility investment, driven by semiconductor companies strengthening their production systems for parts used in ‍electric vehicles. Non-manufacturing industries, on the other hand, experienced a significant increase of 10.9%, largely due to ⁣new restaurant openings.

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Asia, Biz, Japan, Japan Broadcasting Corporation, news, NHK, NHK WORLD, NHK WORLD PREMIUM, NHK WORLD TV, NHKWORLD, Nuclear, Public Broadcaster, Radio Japan, Tech, World

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