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Earnings Analysis: 
Mitsubishi Sales Down 26%; Panasonic Net Loss
Author: Trupti Mehta
123jump.com
Last Update: 5:30 AM ET May 07 2010



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Mitsubishi Corporation 2009 revenues fell 26% to ¥4.54 trillion and net profit fell 26% to ¥273.1 billion or ¥165.86 a share. Panasonic Corporation 2009 sales fell 4.5% to ¥7.42 trillion and net loss was ¥103.5 billion or ¥49.97 a share.

 
6:30 PM Tokyo, Japan - Mitsubishi Corporation revenue fell 26% and net profit fell 26%. Panasonic Corporation sales fell 4.5% and net loss was ¥103.5 billion.

Mitsubishi Corporation, the general trading company said 2009 revenues fell 26% to ¥4.54 trillion from ¥6.15 trillion a year ago. Net profit in the year fell 26% to ¥273.1 billion or ¥165.86 per diluted share compared to net profit of ¥369.9 billion or ¥224.75 per share a year ago.

Mitsubishi Corporation, in the last one year traded as high as ¥2,542.00 in January 2010 and as low as ¥1,552.00 in July 2009. Based on the yesterday’s closing price of ¥2,081.00 the company has market cap of ¥3.42 trillion.

Mitsui & Co., Ltd, the trading company said 2009 revenues fell 25.5% to ¥4.1 trillion from ¥5.5 trillion a year ago. Net profit in the year fell 16% to ¥149.7 billion or ¥82.11 per diluted share compared to net profit of ¥177.6 billion or ¥97.32 per share a year ago.

Mitsui & Co., Ltd, in the last one year traded as high as ¥1,665.00 in April 2010 and as low as ¥1,015.00 in July 2009. Based on the yesterday’s closing price of ¥1,336.00 the company has market cap of ¥2.44 trillion.

Panasonic Corporation, the consumer electronics makers said 2009 sales fell 4.5% to ¥7.42 trillion from ¥7.77 trillion a year ago. Net loss in the year was ¥103.5 billion or ¥49.97 per diluted share compared to net loss of ¥379.0 billion or ¥182.25 per share a year ago.

Panasonic Corporation, in the last one year traded as high as ¥1,585.00 in January 2010 and as low as ¥1,062.00 in November 2009. Based on the yesterday’s closing price of ¥1,310.00 the company has market cap of ¥2.71 trillion.

Toshiba Corporation, the chipmaker said 2009 sales fell 4% to ¥6.38 trillion from ¥6.65 trillion a year ago. Net loss in the year was ¥19.7 billion or ¥4.93 per diluted share compared to net loss of ¥343.6 billion or ¥106.18 per share a year ago.

Toshiba Corporation, in the last one year traded as high as ¥572.00 in October 2009 and as low as ¥318.00 in July 2009. Based on the yesterday’s closing price of ¥521.00 the company has market cap of ¥2.21 trillion.
  1 More: Japan Earnings Archive

 


 
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Market data: BATS Exchange. Inc.

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