Canon's profit on track to fall by 36%, hit by weak China demand
Canon Inc. said Wednesday its group net profit for this business year is now projected to fall by 36.7 percent from a year earlier, citing weakening demand for cameras in the Chinese market. Canon slashed its group net profit forecast for the year through December ...
Already downgraded, Nissan's credit rating takes another hit
Nissan Motor Co.'s credit standing took another hit Monday as S&P Global Ratings placed the automaker's rating on negative watch after it issued a weaker profit outlook last week. There is a more than 1-in-3 chance of a further delay in Nissan's profit recovery, according ...
Toshiba net profit up 26% in fiscal 2018 after selling chip unit
Toshiba Corp. said Monday its group net profit in the year ended March rose 26 percent to a record ¥1.01 trillion after selling its prized chip unit in June. The technology conglomerate's bottom line was boosted by the ¥2 trillion ($18 billion) sale of Toshiba ...
Panasonic expects net profit to fall 29.6% on sluggish China sales and auto battery investment
Panasonic Corp. said Thursday it expects its group net profit to fall 29.6 percent to ¥200 billion ($1.82 billion) for the current fiscal year, which ends next March, dragged down by sluggish sales in China and hefty investment in the auto battery segment. Group sales ...
Major Japanese nonfinancial companies project a 1.1 percent drop in their group net profit for the year ending in March 2020, a Jiji Press survey has found. The survey covered 243 companies listed on the Tokyo Stock Exchange's first section that have released earnings results ...
Canon expects net profit to drop 21% in 2019 amid China slowdown
Canon Inc. said Wednesday it now expects its group net profit in 2019 to dive 20.9 percent from a year earlier to ¥200 billion ($1.79 billion), lowering its outlook due to weak sales of camera products amid an economic slowdown in China. The company had ...
Major Japanese firms expected to report first annual drop in net profits in three years
Japan's major nonfinancial companies are expected to post lower consolidated net profits for the first time in three years for fiscal 2018 ending next month, a survey says. The firms' combined net profit is likely to fall 3.9 percent from the previous year due mainly ...
Toyota slashes net profit forecast due to market turbulence
Dragged down by recent stock market turbulence, Toyota Motor Corp. slashed its net profit forecast for the current business year on Wednesday and now estimates the figure will be down by 25 percent compared to fiscal 2017. Despite record sales of ¥22.47 trillion and increased ...
Panasonic cuts fiscal 2018 sales and operating profit outlooks amid China-U.S. trade war
Panasonic Corp. said Monday it reported a 19 percent drop in third-quarter operating profit and cut its full-year earnings outlook, citing slower demand for home appliances and factory automation equipment in China amid an escalating Sino-U.S. trade war. The electronics company posted an operating profit ...
Pioneer's net loss more than triples to ¥9.93 billion in first half of fiscal year
Pioneer Corp.'s net loss more than tripled in the six months through the end of September, the first half of its fiscal year, due partly to increased costs for car navigation development. In September, the struggling Japanese car electronics maker said it will receive financial ...
SoftBank profit soars as Masayoshi Son begins to benefit from tech deals
But the Vision Fund’s connections with Saudi Arabia are raising concerns.
