FDA Targets Hims & Hers Over $49 Weight-Loss Pill, Raising Legal and Safety Concerns 
Amazon Stock Rebounds After Earnings as $200B Capex Plan Sparks AI Spending Debate 
Ford and Geely Explore Strategic Manufacturing Partnership in Europe 
Nvidia, ByteDance, and the U.S.-China AI Chip Standoff Over H200 Exports 
OpenAI Expands Enterprise AI Strategy With Major Hiring Push Ahead of New Business Offering 
Once Upon a Farm Raises Nearly $198 Million in IPO, Valued at Over $724 Million 
Sony Q3 Profit Jumps on Gaming and Image Sensors, Full-Year Outlook Raised 
Alphabet’s Massive AI Spending Surge Signals Confidence in Google’s Growth Engine 
SoftBank Shares Slide After Arm Earnings Miss Fuels Tech Stock Sell-Off 
CK Hutchison Launches Arbitration After Panama Court Revokes Canal Port Licences 
Nasdaq Proposes Fast-Track Rule to Accelerate Index Inclusion for Major New Listings 
Australian Scandium Project Backed by Richard Friedland Poised to Support U.S. Critical Minerals Stockpile 
Toyota’s Surprise CEO Change Signals Strategic Shift Amid Global Auto Turmoil 
Instagram Outage Disrupts Thousands of U.S. Users 
Baidu Approves $5 Billion Share Buyback and Plans First-Ever Dividend in 2026 
Nvidia Nears $20 Billion OpenAI Investment as AI Funding Race Intensifies 
Nintendo Shares Slide After Earnings Miss Raises Switch 2 Margin Concerns 
JERA, Japan’s largest power generator, reported a 50% drop in annual net profit, citing weaker performance in its overseas power generation and renewable energy businesses. Net income for the fiscal year ending March stood at 184 billion yen ($1.3 billion), down sharply from the previous year. However, the company expects a strong rebound, forecasting a net profit of 230 billion yen for the current fiscal year.
A joint venture between Tokyo Electric Power and Chubu Electric Power, JERA operates around 30 overseas power generation projects across more than 10 countries. These projects contribute approximately 13 gigawatts (GW) of capacity, compared to 59 GW from domestic operations.
The company’s overseas and renewable segments faced significant challenges, with profits plunging by 25.4 billion yen to just 8.3 billion yen. Despite this setback, JERA remains focused on its global expansion and energy transition efforts, particularly in renewables and liquefied natural gas (LNG) projects.
JERA continues to play a crucial role in Japan’s energy sector, balancing its domestic strength with growing international operations. The firm’s resilience and strategic focus on clean energy are expected to drive its anticipated profit recovery in the coming year.
