Soft yen lifts electronic maker sales

JIJI

Seven of eight major electronics makers in Japan posted year-on-year increases in group April-June sales thanks to robust overseas sales backed by a weaker yen, according to their earnings reports released by Thursday.

Hitachi Ltd. alone suffered a sales drop in the first quarter of fiscal 2013.

On the operating balance, Fujitsu Ltd. and NEC Corp. suffered losses. Hitachi and Mitsubishi Electric Corp. saw their operating profits fall.

Three of the four other firms — Panasonic Corp., Sony Corp. and Toshiba Corp. — enjoyed growth in their operating profits. Sharp Corp. returned to the black.

Fujitsu and NEC faced poor sales of their smartphones, which were left out of major mobile phone carrier NTT DoCoMo Inc.’s sales strategy focusing on models made by Sony and South Korea’s Samsung Electronics Co.

Panasonic enjoyed a hefty increase in operating profit thanks to restructuring efforts and brisk sales of solar cells.

Sharp’s turnaround resulted from its robust solar cell and liquid crystal display operations and cuts in personnel and other fixed costs.