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EDITORIAL / Firms must strengthen their pillars of profit
One after another, leading Japanese companies have revised downward their earnings projections for the year ending March.
We wonder how many corporate executives could have predicted only six months ago that their firms would report a drastic business deterioration. Business performances are worsening both rapidly and substantially, regardless of the type of industry.
It is not unusual to see corporations that just a year ago were registering record profits now reporting huge losses in what has been a wholesale change.
Firms face long recession