Toyota Net Declined 28%
Aug 10, 9:22 PM ET |
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| Toyota revenue declined in the quarter 4.7% to 6.2 trillion yen and net income fell 28% to 354 billion yen. |
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| Toyota reported that though there was slowing demand for SUVs, the company’s market share in the United States increased to a record 17.4% during the first quarter. Vehicle sales soared in emerging markets. Toyota left its annual earnings estimate unchanged at 1.25 trillion yen. |
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Bridgestone Profit Drops 30%
Aug 11, 8:18 PM ET |
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| First half operating income fell 18% to 83.6 billion yen from 102 billion yen a year ago as manufacturing costs and raw material prices soared. |
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| Bridgestone Corp., the largest tire maker in Japan, said net sales in the six months rose to 1.64 trillion yen from 1.61 trillion yen a year earlier on robust sales in China. Sales in Japan in the period remained flat at 656 billion yen, while sales in North America fell 2% to 713 billion yen and in Europe rose 4% to 261 billion yen. Net income for fiscal 2008 is expected to decline 50% to 66 billion yen from a year ago. |
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NEC Electronic Loss of ¥1.31 Billion
Aug 05, 11:53 PM ET |
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| Quarterly operating income fell 1.7 billion yen from a loss of 2.2 billion yen a year ago due to reduced fixed costs, lower research and development. |
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| Japan’s third biggest semiconductor maker NEC Electronics sales fell to 166 billion yen from 173 billion yen a year earlier as sales of semiconductors for broadband networking equipment plummeted 20.8% year-on-year. Also semiconductor sales for digital AV equipment and game consoles fell 2.8% at 32.1 billion yen. Sales in Japan, the U.S. and Europe fell 4.4% to 89.1 billion yen, 19.3% to 12.3 billion yen and 1.3% to 300 billion yen respectively. |
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Mitsubishi UFJ Financial Profit Falls 66%
Aug 06, 11:35 PM ET |
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| Loss on securitized investments related to residential mortgage backed products rose to 16 billion yen. |
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| Japan’s biggest bank by market value, Mitsubishi UFJ Financial Group’s bad loans and provisions increased to 141.7 billion yen on deteriorating conditions in the financial markets. Losses and write downs on equity holdings however eased to 10.1 billion yen from 41.7 billion in the year-ago period. At the end of June, the lender had 3.41 trillion yen in securitized assets. It is forecasted that profit in the fiscal year ending March 31, 2008 will remain unchanged at 640 billion yen. |
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NTT DoCoMo Profit Rises 41%
Aug 02, 11:41 PM ET |
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| In a mature cell phone market in Japan, the largest mobile carrier struggles with flat revenue and falling revenue per subscriber. |
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| Japan’s largest mobile phone operator NTT DoCoMo’s operating income rose to 296 billion yen from 203 billion yen last year after a new pricing plan added 0.78 million new subscribers to 53.63 million. The company expects that operating income in the fiscal year will rise by 21.7 billion yen to 830 billion yen. |
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Nidec Profit Soars 36%
Aug 04, 10:54 PM ET |
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| First Quarter operating income increased 20% as the small precision motors business contributed about 50% to the increase in income. |
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| Nidec Corp., the world’s biggest maker of motors for computer hard disk drives, reported revenues increased 3.6% to 178 billion yen from 172 billion yen a year ago. Sales in the period were however trimmed by a stronger yen, which rose 13% in the period, and slowing demand. The company expects that net income in the fiscal year at 58 billion yen. |
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Sony Corp Profit Rises 192%
May 15, 3:21 PM EDT |
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| Quarterly profit advanced by 96.6 billion yen from a loss of 67.6 billion yen in the same quarter a year ago to 29 billion yen. |
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| The world’s second largest consumer electronics maker Sony Corp’s profit rose 6.9% to 8.8 trillion yen from 8.2 trillion yen a year ago thanks to strong sales which rose 8.9% in the Electronics segment. Sales of BRAVIA LCD TVs, VAIO PCs and Cyber-shot digital cameras increased significantly. However, sales of the LCD rear projection televisions slumped. Sony sees operating income up 20% to 450 billion yen this fiscal year on a 1% gain in revenue to 9 trillion yen. |
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Konica Minolta Profit Declines 5.1%
May 12, 1:26 PM EDT |
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| Annual sales increased 4.3% to 1.071 trillion yen from 1.027 trillion a yen a year ago on strong sales across all the major segments. |
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| The manufacturer of 3-D non-contact digitizing instruments Konica Minolta exited the Photo Imaging Business which led to the company’s sales reduction by 44 billion yen. Profit was 1.8 billion yen lower year-on-year on decreases in sales of fixed assets and investment securities. Sales in the fiscal year ending March 31st are projected to rise 3.6% for the year to 1.1 trillion yen on increasing demand of consumer electronic equipment due to the Beijing Olympics. |
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Toyota Falls 4% on Gloomy Outlook
May 08, 4:18 PM EDT |
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| Toyota offered flat unit sales outlook for the current fiscal year and net income is expected to decline 25%. |
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| Toyota Motor fell in New York trading after it lowered its estimate of sales and earnings for the current fiscal year. For the fiscal year 2008 revenue rose 9.8% and earnings gained 4.5%. Toyota estimates unit sales in the current fiscal year of 8.87 million units compared to 8.69 million units in the year completed in March 2008. |
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JFE Holdings Profit Declines 12.6%
Apr 24, 11:17 AM EDT |
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| Operating income slumped 2.1% to 502 billion yen from 513 billion yen a year ago on rising raw material costs. |
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| Japan’s second biggest steel-maker JFE Holdings net sales in the crude steel business rose to 34.27 million tons on strong demand from domestic manufacturing and exports of high-end products. Net sales in the engineering business gained to 31.42 billion yen as sales to the private sector improved. |
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