Record Japan Profits Show Nikkei Is Primed for All-Time High
- Net income at Topix 500 firms jumped 46% in October-December
- Companies more willing to raise prices, Monex’s Hiroki says
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Japanese companies have logged record quarterly profits in the three months that ended in December, underpinning the Nikkei 225’s advance to near a historic peak.
Net income at Topix 500 companies rose 46% from year earlier to a record ¥13.9 trillion ($93 billion) in the October-December quarter, according to data compiled by Bloomberg. Excluding Softbank Group Corp., whose earnings are volatile due to its heavy investment in global tech companies, profits still rose 25%.