Daily brief
Nissan revised its financial outlook for fiscal 2025, narrowing its expected net loss and forecasting an operating profit instead, driven by cost-cutting and the repeal of emissions regulations. Suzuki overtook Nissan in global vehicle sales, ranking third behind Toyota and Honda. Toyota sales fell for the second month in March due to a Middle East slump and the RAV4 model change.
A former employee of Tokyo Electron was sentenced to 10 years in prison for involvement in a TSMC trade secrets case. Tokyo Electron's Taiwan subsidiary was fined for the same violation. Separately, the company cut ties with an executive linked to Chinese rivals, according to the Financial Times.
Japan's Nikkei average closed at an all-time high, surpassing 60,000 points.
Prime Minister Takaichi ruled out an extra budget for now. Osaka Expo surplus will be used for site development and two other areas.
ChatGPT passed entrance exams for Japan's top universities with the highest scores, according to Kyodo News. Activist investor Palliser took a stake in Japan's SMC and proposed a $3.8 billion buyback, a letter showed.