The combined pretax profit of 269 major companies listed on the
The brokerage partly attributed the increased profits at the nonfinancial companies to improved earnings in the manufacturing sector on the back of a weaker yen. A last-minute jump in demand ahead of the
Industry analysts also predict that businesses are likely to see decreased profits in the current business year as the impact of the weaker yen wanes and consumers cut spending.
The brokerage compiled the data on 269 listed companies, or 21.7 percent of the total, which had released their earnings reports for the past fiscal year by Thursday.
According to the tally, electronic manufacturers boosted their pretax profits threefold, supported by an expansion of their overseas activities and the yen's depreciation, which boosts Japanese exporters' profits when repatriated.
Among them was
Sales of cars and other vehicles in
Nonmanufacturers also enjoyed bullish performances, with the combined profit of marine transportation companies rising by around 38 times, but air transportation companies saw profits decline due to rising fuel costs, according to the tally.
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