Nintendo Co. President Satoru Iwata has pledged that the “Super Mario” game creator will post a 100 billion-yen ($1 billion) operating profit this fiscal year as new software titles boost sales. Analysts say he’ll fail.
Japan’s government nominated BNP Paribas SA economist Ryutaro Kono to join the central bank’s policy board, drawing criticism from lawmakers concerned that he won’t support bolder action to end decade-long deflation.
Nikko Cordial Corp. , the investment banking unit of Sumitomo Mitsui Financial Group Inc., said it hired a total of three analysts from JPMorgan Chase & Co., Citigroup Inc. and UBS AG to cover Japanese companies.
Sony Corp. and Nintendo Co. unexpectedly slashed their profit forecasts in response to the failure of their televisions and handheld game players to keep pace with products from Samsung Electronics Co. and Apple Inc.
Japan’s consumer prices rose 0.2 percent in April from a year earlier, the third monthly increase, showing the Bank of Japan remains distant from a 1 percent inflation target after years of falling prices.
Gree Inc., the social network run by Japan’s youngest billionaire, forecast profit will rise as much as 8.4 percent this fiscal year as new games help replace revenue lost after abandoning a feature the government banned.
Yahoo Japan Corp. fell the most in three weeks in Tokyo trading as the government said it will question the company about plans to display advertisements based on the contents of users’ e-mail messages.
Capcom Co. , the Japanese publisher of the “Resident Evil” and “Street Fighter” game series, said it plans to introduce its first title for Facebook Inc.’s 400 million users by as early as this fiscal year.