Hon Hai posts surprise profit rise after record iPhone sales

/ Mar 31, 2017

Hon Hai posts surprise profit rise after record iPhone sales

Hon Hai Precision Industry Co. reported an unexpected rise in quarterly earnings after the main assembler of Apple Inc.’s devices rode record iPhone sales during the pivotal holiday shopping period. The world’s biggest contract manufacturer of electronics reported a 30 percent increase in net ...

Weak yen helps Panasonic raise 2016 profit forecasts

/ Feb 3, 2017

Weak yen helps Panasonic raise 2016 profit forecasts

Panasonic Corp. said Thursday it has raised its full-year group earnings forecasts for the current business year through March, citing a weaker-than-expected yen. The Japanese electronics maker is now expecting a group net profit of ¥130 billion ($1.1 billion) in fiscal 2016, compared with ...

Uniqlo quarterly profit up 45 percent after refocus

/ Jan 12, 2017

Uniqlo quarterly profit up 45 percent after refocus

As it refocused on a strategy aimed at luring thrifty shoppers, Uniqlo’s parent company said Thursday that quarterly net profit jumped by almost half from a year ago. Fast Retailing’s net profit rose 45 percent to ¥70 billion in the fiscal first quarter to ...

Toshiba profit triples on asset sales

/ Nov 11, 2016

Toshiba profit triples on asset sales

Toshiba Corp. said Friday its half-year profit tripled, owing to cost reductions and the sale of its home appliances business, providing a boost to the firm as it tries to turn the page on an embarrassing accounting scandal. The vast conglomerate posted an April-September ...