Total net profit of Japanese listed companies increased by 7.4% in fiscal year.

[total net profit of Japanese listed companies for the fiscal year increased by 7.4%] according to a report by Kyodo News Agency on May 12, the total net profit of listed companies that have reported results for fiscal year 2022 (April 2022 to March 2023) increased by 7.4% over the previous fiscal year to 29.0303 trillion yen (about 1.5 trillion yuan). Non-manufacturing companies such as higher resource prices and a weaker yen led the overall upward trend. On the other hand, profits fell in the manufacturing sector, led by an increase in the burden on cars caused by higher prices of raw materials.