Skip to content
Subscriber Only
Business
Economics

Abenomics Pushes Japan Corporate Earnings Toward Record

Updated on

Japanese companies are headed toward their highest profits ever, as the falling yen boosts exporters from Toyota Motor Corp. to Uniqlo-operator Fast Retailing Co.

Aggregate net income at 195 of the largest listed companies will expand 10 percent to a record 17.5 trillion yen ($153 billion) this fiscal year, based on analyst estimates compiled by Bloomberg. Executives are catching up to such lofty expectations, with Toyota this week raising its profit forecast to an unprecedented 2 trillion yen.