TOKYO Japan's Nintendo Co Ltd on Thursday reported a more than five-fold jump in quarterly profit, driven by breakout demand for its Switch device and hit title "Animal Crossing: New Horizons" as the coronavirus lockdown lifts the games industry.
(This Aug. 5 story corrects release date of Mario Kart Tour to last September in 11th paragraph)
TOKYO SoftBank Group Corp's domestic wireless unit raised its free cash flow 50% in its first quarter, part of a broader effort to stabilise the group and help it weather the coronavirus outbreak.
TOKYO SoftBank Group Corp under-reported income to Japan's tax authorities by around 40 billion yen ($380 million) in the financial year ended March 2019, a person with knowledge of the matter said, requiring the conglomerate to resubmit filings.
TOKYO SoftBank Group Corp on Monday said it spent 398 billion yen (2.88 billion pounds) buying back 63.2 million shares between July 1 and Aug. 3, part of a repurchase programme that has helped lift its share price to two decade highs.
TOKYO SoftBank-backed online fashion retailer Zozo Inc's shares closed up 21% on Friday in their largest single-session gain, a day after reporting a 34% jump in first-quarter operating profit as Japanese consumers embrace online shopping.