Posted by Reuters: Business News on February 2, 2012
TOKYO (Reuters) – Japan’s punch-drunk corporate sector looks to be out for the count, having been knocked off its feet by a strong yen just as it was staging a wobbly recovery from natural disaster.
Posted by Reuters: Business News on January 31, 2012
TOKYO (Reuters) – Toshiba Corp, Japan’s biggest chip maker, booked a 72 percent fall in quarterly operating profit and cut its annual profit forecast as a strong yen and a weak global economy hit profits at the industrial electronics conglomerate.
Posted by Reuters: Business News on
TOKYO (Reuters) – Honda Motor Co posted a 65 percent slide in quarterly operating profit on Tuesday and forecast the same drop for the full year, when natural disasters in Japan and Thailand hit it harder than rivals.
Posted by Reuters: Business News on January 30, 2012
TOKYO (Reuters) – Honda Motor Co is expected to report a double-digit slide in quarterly operating profit on Tuesday and forecast a still larger drop for the full year, as natural disasters in Japan and Thailand hit it harder than rivals.
Posted by Reuters: Business News on January 28, 2012
TOKYO (Reuters) – Exxon Mobil plans to sell a large part of its 50 percent stake in TonenGeneral Sekiyu KK back to its Japanese refining partner in a deal that could be worth about 300 billion yen ($3.9 billion), and will make an announcement as early as Monday, four sources with direct knowledge of the matter said.
Posted by Reuters: Business News on January 26, 2012
(Reuters) – Nintendo Co Ltd posted a 61 percent drop in quarterly operating profit on Thursday and forecast a 45 billion yen ($580 million) operating loss for the year to March, far worse than market expectations, hit by weak sales and the strong yen.
Posted by Reuters: Business News on
TOKYO (Reuters) – NEC Corp said on Thursday it aims to shed 10,000 jobs by the end of September, and would fail to reach a target to raise sales to 4 trillion yen ($51.13 billion) by March 2013.
Posted by Reuters: Business News on January 8, 2012
TOKYO (Reuters) – Scandal-tainted Olympus Corp is considering suing current and former executives for compensation totaling about 90 billion yen ($1.2 billion), while its new president is considering resigning, a source familiar with the matter said.
Posted by Reuters: Business News on January 7, 2012
TOKYO (Reuters) – An Olympus Corp panel plans to recommend the endoscope maker sue current and former executives for more than 90 billion yen ($1.2 billion) in scandal-related damages, and its president, Shuichi Takayama, is expected to resign by the end of the month, media reported on Sunday.
Posted by Reuters: Business News on January 5, 2012
TOKYO (Reuters) – Japan Airlines Co plans to relist its shares as early as September in a public offering that could raise up to 1 trillion yen ($13 billion), Bloomberg news reported on Thursday, marking the carrier’s recovery from bankruptcy and restructuring.
