Japanese Largest Companies With Market Caps Above 5 Trillion Yen Have Generated Very Consistent Total Audited Earnings Growth From 2008 to 2016 ....................................................................................... These 13 Japanese Companies Generated Total Audited Earnings of 7.903 Trillion Yen in Fiscal Year 2016, Up a Very Robust 324% From Their Total Earnings of 1.866 Trillion Yen in the 2008 Worldwide Financial Meltdown Year

From a review of Google's fine financial website, of company financial statements in both the US SEC website and in company investor relations websites, I found 15 Japanese Companies with Stock Market Caps now of more than 5 Trillion Yen.

Thirteen of these 15 Companies reported their financial statements in either US GAAP or in IFRS, the two gold-plated accounting standards.  Two of them ..... Keyence and Nintendo ..... reported their financial statements in Japanese GAAP.

Two of these 15 which report in US GAAP with the US SEC have not yet filed their Fiscal Year Ended (FYE) March 2017 financial statements.

I find it interesting that by far the largest earner Toyota Motor Corp had its most recent year earnings drop by 21% from the previous year, whereas its major Japanese competitor Honda Motor Co had its most recent year earnings increase by a very robust 67% over the previous year.

Below here are the Audited Earnings (Losses) From Continuing Operations for each fiscal year (FYE) reported from 2008 through 2016 for each of the 13 Japanese Companies:

			2016	2015	2014	2013	2012	2011	2010	2009	2008
		Most	Audited	Audited	Audited	Audited	Audited	Audited	Audited	Audited	Audited
		Recent	Net	Net	Net	Net	Net	Net	Net	Net	Net
Japanese Companies		2016	Income	Income	Income	Income	Income	Income	Income	Income	Income
With Market Caps Above 5 Trillion Yen		FYE	(Loss)	(Loss)	(Loss)	(Loss)	(Loss)	(Loss)	(Loss)	(Loss)	(Loss)
			bils Yen	bils Yen	bils Yen	bils Yen	bils Yen	bils Yen	bils Yen	bils Yen	bils Yen
Toyota Motor Corp		Mar 17	1,927	2,434	2,308	1,992	1,083	368	465	244	(461)
Nippon Telegraph & Telephone		Mar 17	1,059	980	675	757	708	649	702	682	733
SoftBank Group Corp		Mar 17	920	496	743	520	372	314	190	97	43
Sumitomo Mitsui Financial Group		Mar 17	741	953	723	892	654	451	561	647	(82)
Honda Motor Co Ltd		Mar 17	679	406	561	666	393	222	563	283	151
NTT Docomo Inc		Mar 17	651	561	398	456	481	461	492	497	471
KDDI Corp		Mar 17	643	567	428	322	241	239	255	213	223
Japan Tobacco		Dec	426	403	389	443	428	344	321	243	138
Japan Post Bank Co Ltd		Mar 17	312	325	369	355	335	316	297	229	152
Canon Inc		Dec	162	231	265	240	232	254	253	135	320
Keyence Corporation		Mar 17	153	137	121	86	68	60
Sony Corp		Mar 17	128	210	(49)	(69)	102	(398)	(220)	13	(102)
Nintendo Co Ltd		Mar 17	103	17	42	(23)	7	(43)	78	229	279
Total all 13			7,903	7,721	6,974	6,636	5,103	3,237	3,957	3,512	1,866
2016 Total Earnings % Above:
…..2015 Total Earnings			2%
…..2014 Total Earnings			13%
…..2013 Total Earnings			19%
…..2012 Total Earnings			55%
…..2011 Total Earnings			144%
…..2010 Total Earnings			100%
…..2009 Total Earnings			125%
…..2008 Total Earnings			324%

And below here are the most recent six months ended September 2016 and 2015 earnings from continuing operations for the two companies which haven't filed their US GAAP earnings yet for the FYE March 2017:

			Six	Six
			Months	Months
			Ended	Ended
			Sept	Sept
			2016	2015
Japanese Companies		Most	US GAAP	US GAAP
Reporting in US GAAP		Recent	Net	Net
But With FYE March 2017 US GAAP		2016	Income	Income
Financial Statements Not Filed Yet		FYE	(Loss)	(Loss)	Increase	Increase
			bils Yen	bils Yen	bils Yen	%
Mitsubishi UFJ Financial Group		Mar 16	753	413	340	82%
Mizuho Financial Group		Mar 16	383	375	7	2%
Total of both			1,136	788	348	44%

It should be pointed out that the above two large financial companies had huge Losses in the financial meltdown year of 2008.  Mitsubishi UFJ Financial Group had a 1.504 Trillion Yen Loss in 2008 and Mizuho Financial Group had a 1.120 Trillion Yen Loss in 2008.  When these two companies are included, the Total Earnings of 1.866 Trillion Yen for 2008 for the 13 Companies turns into Total Losses of 0.758 Trillion Yen for the 15 Companies.