Japan TOPIX firms see 6% net profit rise as AI, rates boost earnings, SMBC Nikko data shows
Published on May 13, 2026.
SMBC Nikko data shows that combined net profit for TOPIX companies for the year ending March 2027 is estimated at 60.092 trillion yen ($381.03 billion), up 5.9% from the previous year. The data is based on earnings announced through Tuesday by 536 firms, representing a 48% disclosure rate. Despite the Middle East conflict, only under 10% of non-financial companies have issued earnings guidance due to the conflict, compared to about 7% that withheld forecasts after the conflict. The Bank of Japan will examine corporate earnings as it considers whether to raise interest rates in June or later.
Read Original Article