Japan manufacturers score record profits on price hikes, weak yen
TOKYO -- Net profits in Japan's manufacturing sector swelled to an all-time high in the previous fiscal year due to price hikes and the effects of the weak yen.
Combined net profit for 170 manufacturers listed on the Tokyo Stock Exchange's Prime market rose 23% to 14.8 trillion yen ($95 billion) for the financial year ended March 2024. The figures reflect companies that had released annual results through Thursday.