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Japanese business news: HIS reports net loss and AI stocks decline
Several Japanese business developments were reported. HIS announced its third-quarter consolidated results, showing increased revenue of 279.3 billion yen but a net loss of 4.99 billion yen. This loss was driven by a 6 billion yen special loss related to land acquisition for a hotel in Guam. While the travel business saw a decline in operating profit due to Middle East tensions and a weak yen, the hotel business remained steady.
In the technology sector, AI semiconductor-related stocks, including SoftBank Group and Advantest, saw declines. This movement followed calls from Anthropic CEO Dario Amodei for researchers to consider slowing the pace of AI development to mitigate potential societal risks. Investors are also showing caution ahead of Nvidia's upcoming earnings report.
RightTouch and Fancl have launched a joint initiative to improve customer experience using AI. Fancl is implementing RightTouch’s ‘QANT VoC’ platform to analyze customer feedback through voice and sentiment AI, aiming to transform contact center data into actionable insights for product improvement.
The 20th annual new graduate recruitment ranking was released, with Meiji Yasuda Life Insurance taking the top spot for the fourth consecutive year. The top three positions were held by life insurance companies, reflecting high student satisfaction with their recruitment processes.
Entities
Daiwa Securities · FANCL · HIS · Itochu Corporation · Meiji Yasuda Life Insurance Company · Sky Co., Ltd.