AI demand and weak yen boosted Japanese profits in fiscal 2024

AI demand and weak yen boosted Japanese profits in fiscal 2024 AI demand and weak yen boosted Japanese profits in fiscal 2024

TOKYO — Nearly three-fourths of listed Japanese companies are reporting strong earnings for the fiscal year ended March 2025, buoyed by a weak yen and strong demand for the tools used to make artificial intelligence semiconductors.

Among the 167 companies that announced their financial results on May 1, 70% reported increased net profit. Looking ahead to the next fiscal year, however, a stronger yen and tariffs in the U.S. will present a challenge for companies to maintain these profit levels.