Japanese companies from Toyota Motor Corp. to Sony Corp. are poised to report earnings that will provide evidence on whether Prime Minister Shinzo Abe’s policies are leading to a sustained economic recovery.
It took Wang Chongwei almost a year to rebuild his Toyota Motor Corp. dealership in Qingdao, China, after a mob protesting against Japan’s purchase of a group of disputed islands burnt down the showroom.
Mitsubishi Motors Corp. rose the most in more than four years in Tokyo trading after the Nikkei newspaper reported Nissan Motor Co. will sell jointly made minicars and buy fewer of them from Suzuki Motor Corp.
Mitsubishi Motors Corp. fell the most in 21 months in Tokyo trading after receiving a government warning saying it was “passive” in its handling of engine oil leaks as the carmaker ordered a fourth round of recalls.
Toyota Motor Corp. , the world’s biggest automaker, said earnings may be reduced by output disruptions following Japan’s earthquake and tsunami last month, which contributed to a record decline in the nation’s auto sales.
Takata Corp. faces its biggest recall crisis in almost two decades after defective airbag inflators led Toyota Motor Corp., Honda Motor Co. and Nissan Motor Co. to call back more than 3 million vehicles.
Nissan Motor Co. , Japan’s third- largest automaker, plans to hand directors average pay about four times that of Toyota Motor Corp. and almost three times that of Honda Motor Co. for the fiscal year that ended in March.