Mitsubishi Estate Nine-Month Profit Drops 13%
Feb 05, 2:45 PM EST |
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| Net profit for the latest quarter was 43.5 billion yen, down from 50.1 billion yen a year ago. |
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| Quarterly operating profit dropped 16.6% to 92.2 billion yen. Revenue declined by 20.5% to 485 billion yen after the sale of the company’s real estate firm Cushman & Wakefield. The performance of the company’s core building management business continued to improve, thanks to the higher land prices in Japan. The company sees fiscal 2008 net profit at 85 billion yen, operating profit of 169.5 billion yen and revenue of 789 billion yen. |
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Emerging Markets Lift Toyota’s Profit 7.5%
Feb 05, 12:35 PM EST |
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| Quarterly profit rose 7.5% buoyed by strong sales in North America, Asia, Latin America and Africa. |
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| Despite the increase in quarterly profit the company issued a cautious outlook due to the US economy concerns and the stronger yen. Net income rose to 458 billion yen vs. 426 billion yen a year ago. Net revenue added 9.2% to 6.7 trillion yen on strong vehicle sales in Japan and in overseas markets, especially in North America and in Asia. |
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National Telegraph and Telephone Profit Rises 6%
Feb 04, 2:16 PM EST |
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| Quarterly profit rose 6% from a year ago buoyed by strong performance of the data communication business. |
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| National Telegraph and Telephone added than net income for the latest quarter rose 6% to 125.7 billion yen from 118.6 billion yen a year ago. Operating revenue profit climbed 13% to 310.4 billion yen on a 0.9% increase in sales to 2.66 trillion yen. Subscribers in the fixed line phone business declined 8.5% to 40.6 million customers for the latest three months. |
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Honda Profit Up 38%, Sales Rises 10%
Feb 04, 6:15 PM EST |
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| Quarterly profit rose 38% leveraged by record sales of automobiles and motorcycles and financial services in North America, Europe and Asia. |
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| The Japanese automaker said that its net income rose to 200 billion yen compared to 144.8 billion yen a year earlier. Sales and operating revenue increased 10% to 3.044 trillion yen. Honda recorded a 14.8% decline in sales of Power products from a year ago to 1.178 million units. The company declared a third quarter dividend of 22 yen per share and added that dividend for the fiscal year is expected to be at 86 yen per share. |
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Yahoo! Japan Profit Rises 31.5%
Feb 04, 7:56 AM EST |
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| Quarterly profit rose 31.5% on the back of robust sales in Display advertising and firm growth of Prime Display after aggressive marketing in October. |
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| During the latest quarter the performance of Yahoo Japan Corp. showed considerable improvement with net income rising to 17.1 billion yen from 15.1 billion yen a year ago. Net sales in the quarter jumped 14.8% to 70 billion yen, while income from Display Advertising and Prime Display, including the Yahoo! Real Estate continued to grow. Yahoo! Shopping and Yahoo! Auctions increased the number of merchants registered with Yahoo! by 20.6% to 30, 223. |
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Sony Sees 25% Rise in Profit, but Cuts Outlook
Feb 01, 11:00 AM EST |
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| Quarterly profit rose 25%, bolstered by robust sales of TVs and computer games, but Sony expects str |
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| Net income rose to 200.2 billion yen in the third quarter vs. 159.9 billion yen a year ago. Sales and operating revenue added 9.6% to 2.86 trillion yen thanks to the strong sales of Bravia L.C.D. televisions. Sony posted a 31.2% jump in sales of PlayStation 3 in the quarter but cut its 2008 sales outlook by 14%, to 9.5 million units. Sony also slashed its operating income outlook for 2008, saying it expects to earn 410 billion yen compared with the October guidance of 450 billion yen. |
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