TSMC's Japanese subsidiary JASM posted a quarterly profit of NT$951 million (about $30 million / ¥4.78 billion) in Q1 2026, the first time the Kumamoto fab has been in the black since mass production began in December 2024. We unpack what the 14-month turnaround means against the backdrop of Japan's ¥1.23 trillion in subsidies, the Sony-Denso-Toyota partnership, TSMC's Arizona and Dresden expansions, and Rapidus's high-stakes 2nm bet.
Japanese toy, video and game distributor Happinet reported its FY26 results, with video game segment profit surging 772% year-over-year to 2.2 billion yen (about $14 million). Behind the spike: Nintendo Switch 2 and its software lineup, plus the ripple effect of a console generation transition through Japan's entire game distribution ecosystem. Here's what was happening behind Nintendo's 19.86 million unit sell-through.
Toshiba reported record net profit of 1.9673 trillion yen (about $12.5 billion) for fiscal 2025, a sevenfold jump driven by gains from selling its stake in Kioxia and a structural surge in transmission and HDD demand from AI data centers. Nearly two years after the JIP-led privatization, what has Japan's biggest private-equity restructuring actually changed? We compare it with Blackstone's Hilton success and the cautionary tale of Toys R Us.
Japan's three megabanks (MUFG, SMFG, and Mizuho) posted a combined net profit of 5.26 trillion yen ($33B) for the fiscal year ended March 2026, breaking the 5-trillion-yen barrier for the first time. We unpack how BOJ rate hikes drove the surge, how the numbers compare to JPMorgan and HSBC, and what Japan's monetary normalization means for global markets.
Kioxia forecast a 48-fold jump in Q1 net profit to 869 billion yen ($5.5 billion), making the Japanese NAND maker Japan's single-largest AI beneficiary on a quarterly basis after Toyota. We unpack the US ADS listing plan, the supercycle reshaping NAND prices, the HBM gap with Samsung and SK Hynix, and what it all means for Japan's broader semiconductor revival.
Terra Drone has solo-won a contract worth 10.15 million Saudi riyals, about 2.7 million dollars, for pipeline security surveillance in eastern Saudi Arabia. Here is how Japan's industrial drone champion is moving from inspection into AI-driven security patrols, and how it is threading between Skydio's NDAA-compliant U.S. push and DJI's exclusion from new U.S. approvals.
Hokkaido Hamanasu Foods, a natto maker in Ebetsu, has grown its exports 60-fold in eight years, almost entirely to China, where Beijing supermarkets stock Japanese-labeled four-pack sets that take 80% of shelf sales. Prefecture-wide natto exports hit 640 million yen in 2025, five times the level seven years earlier. Back home, Mizkan suspended four natto products in May 2026 as Middle East tensions disrupted packaging supplies. Plus: the science of Bacillus subtilis and where to buy natto abroad.
Rohm posted a record 158.4 billion yen net loss for fiscal 2026 after writing down 193.6 billion yen on SiC power semiconductor assets. CEO Katsumi Azuma called it clearing out the pus, a blunt admission that Japan's biggest SiC bet was mistimed. With Wolfspeed out of Chapter 11 but smaller, Chinese rivals cutting wafer prices to a third, Denso's takeover approach withdrawn and a three-way merger under discussion, the silicon carbide gold rush has hit its reset moment.
Honda reported a 423.9 billion yen net loss for the year to March 2026, its first since listing in 1957, alongside 1.58 trillion yen in EV-related charges, most of them non-cash. The same day it unveiled a turnaround plan: 15 new hybrids by FY2029 and a 1.4 trillion yen operating profit target. We set it against Toyota's multi-pathway bet, the Tesla and BYD lead changes of 2026, and Hyundai-Kia's quiet rise.
Capcom announced FY2026 results with record net sales of 195.3 billion yen and operating profit of 75.3 billion yen, marking nine consecutive years of record profits across all earnings categories and eleven straight years of 10%-plus operating profit growth. Resident Evil Requiem sold 6.91 million units at series-fastest pace, while total annual game sales hit a record 59.07 million units. The dual-engine strategy of new releases plus catalog repeat sales is working remarkably well.
SoftBank Group has posted a record 5 trillion yen ($32 billion) net profit for the fiscal year ended March 2026, becoming the first Japanese company to ever cross the 5 trillion yen line. We unpack the 6.7 trillion yen OpenAI windfall, the Vision Fund comeback, the role of Arm as collateral, and how the figure stacks up against US Big Tech.
