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Honda forecasts 70% net profit drop citing 'tariff impact'
Honda forecasts 70% net profit drop citing 'tariff impact'
by  AFP

Japan's Honda Motor on Tuesday forecast a 70 percent drop in net profit for the 2025-26 financial year as US trade tariffs weigh on the global auto industry. Honda, Japan's second-biggest automaker after Toyota, logged net profit of 835 billion yen in the past financial year, a drop of almost 25 percent on-year and well short of its February forecast of 950 billion yen.

Japan's SoftBank posts $7.8 bn annual net profit
Japan's SoftBank posts $7.8 bn annual net profit
by  AFP

Japanese tech investor SoftBank Group, a major player in the US Stargate artificial intelligence drive, on Tuesday posted a bumper full-year net profit of $7.8 billion. Tuesday's result marked its first full-year net profit since the 2020-21 financial year.

Tariffs set to level up game console prices
Tariffs set to level up game console prices
by  AFP

The US tariffs barrage and the bounding cost of producing games have prompted manufacturers like Sony and Microsoft to announce price hikes on consoles, in an industry shift experts say is set to last. Microsoft plans to increase prices of games developed by its studios to as much as $80 -- a $10 hike.

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