Aozora Bank Ltd., the Japanese lender controlled by Cerberus Capital Management LP, replaced Chief Executive Officer Federico Sacasa after forecasting a 196 billion yen ($2.1 billion) full-year loss.
Canon Inc., the world’s largest camera maker, forecast profit will fall to the lowest in a decade as the stronger yen cuts overseas earnings and prices fall.
Net income will drop 68 percent to 98 billion yen ($1.1 billion) in 2009, Tokyo-based Canon said today. That’s less than the 160 billion yen median of nine analyst estimates compiled by Bloom Daimler posted a net loss of EUR1.26 billion in the fourth quarter compared to a net profit of EUR1.7 billion in the same period a year earlier. Its closely watched earnings before interest and tax, or Ebit, plummeted to a EUR1.95 billion loss in the fourth quarter compared to a profit of EUR1.39 billion in the prior yearberg this month.
Denso expects a loss of 64 billion yen ($713 million) for the year ending March 31, the company said in a statement today. That compares with an earlier forecast of 10 billion yen in net income. The company expects an operating loss of 62 billion yen
Daiichi Sankyo, Japan's third-largest drugmaker, posted a $3.7 billion quarterly loss and forecast its first ever annual loss, hit by a slide in the value of its stake in Ranbaxy Laboratories
Honda said it earned $208 million (20 billion yen) for the three months ended Dec. 31. That was down nearly 90 percent from $1.77 billion (200 billion yen) a year earlier.
Revenue in the quarter fell 2 percent to $26.4 billion (2.53 trillion yen) from $26.9 billion (3.05 trillion yen) in the last three months of fiscal 2007.
KDDI reported a 253.92 billion yen profit for the period. Nine-month sales declined 0.3% to 2.63 trillion yen as sales continued to lag behind rivals Softbank Corp and NTT DoCoMo Inc.For the full year through March, Tokyo-based KDDI lowered its sales forecast to 3.5 trillion yen from its earlier projection for 3.7 trillion yen because of the lagging sales of mobile phones.
Net income will probably drop 68 percent to 24 billion yen ($267 million) in the 12 months ending March 31 from a year earlier, lower than the 47 billion yen estimate made on Oct. 30, Tokyo-based Nikon said today. Sales may fall 10 percent to 860 billion yen.
NTT's profit for the nine month period rose to 544.08 billion yen ($6.05 billion) from 322.22 billion yen a year earlier.
Group revenue dipped slightly to 7.73 trillion yen from 7.84 trillion yen, while operating profit rose 16 percent to 1.01 trillion yen from 874.38 billion yen.
NTT DoCoMo released its earnings for the nine months ending December 2008 today, which includes its third quarter results. The incumbent carrier posted a 30 percent drop in net income from October to December to 91 billion yen ($1.01 billion) compared to 130 billion ($1.45 billion) in the same period a year ago. DoCoMo’s operating profit for the third quarter declined 22 percent to 170 billion yen ($1.89 billion) from 217 billion ($2.42 billion) a year ago. Sales, meanwhile, fell 7.2 percent to 1.11 trillion yen ($12.3 billion) from last year’s 1.2 trillion yen ($13.4 billion).
Results for the nine-month period from April-December were better, with DoCoMo posting a 16 percent rise in net profit of 438 billion ($4.8 billion) yen, up from 376.5 billion yen ($4.2 billion) in the same period a year earlier. Operating income climbed 19 percent to 746.8 billion yen ($8.3 billion), on the back of 3.38 trillion yen ($37.7 billion) in salesSony Ericsson fourth-quarter net loss was 187 million euros ($245 million), compared with a profit of 373 million euros a year earlier, the London-based company said in a statement today. Sales fell 23 percent to 2.91 billion euros. Sony Ericsson booked costs of 129 million euros in the quarter to trim its workforce.
Toyota sold about 2.236 million vehicles worldwide in the three months ended Sept. 30, down 4.3 percent from 2.336 million a year earlier, according to an e-mail from the company. General Motors Corp., the world's largest carmaker, will release its third-quarter sales figure on Oct. 29.
Canon Inc., the world’s largest camera maker, forecast profit will fall to the lowest in a decade as the stronger yen cuts overseas earnings and prices fall.
Net income will drop 68 percent to 98 billion yen ($1.1 billion) in 2009, Tokyo-based Canon said today. That’s less than the 160 billion yen median of nine analyst estimates compiled by Bloom Daimler posted a net loss of EUR1.26 billion in the fourth quarter compared to a net profit of EUR1.7 billion in the same period a year earlier. Its closely watched earnings before interest and tax, or Ebit, plummeted to a EUR1.95 billion loss in the fourth quarter compared to a profit of EUR1.39 billion in the prior yearberg this month.
Denso expects a loss of 64 billion yen ($713 million) for the year ending March 31, the company said in a statement today. That compares with an earlier forecast of 10 billion yen in net income. The company expects an operating loss of 62 billion yen
Daiichi Sankyo, Japan's third-largest drugmaker, posted a $3.7 billion quarterly loss and forecast its first ever annual loss, hit by a slide in the value of its stake in Ranbaxy Laboratories
Honda said it earned $208 million (20 billion yen) for the three months ended Dec. 31. That was down nearly 90 percent from $1.77 billion (200 billion yen) a year earlier.
Revenue in the quarter fell 2 percent to $26.4 billion (2.53 trillion yen) from $26.9 billion (3.05 trillion yen) in the last three months of fiscal 2007.
KDDI reported a 253.92 billion yen profit for the period. Nine-month sales declined 0.3% to 2.63 trillion yen as sales continued to lag behind rivals Softbank Corp and NTT DoCoMo Inc.For the full year through March, Tokyo-based KDDI lowered its sales forecast to 3.5 trillion yen from its earlier projection for 3.7 trillion yen because of the lagging sales of mobile phones.
Net income will probably drop 68 percent to 24 billion yen ($267 million) in the 12 months ending March 31 from a year earlier, lower than the 47 billion yen estimate made on Oct. 30, Tokyo-based Nikon said today. Sales may fall 10 percent to 860 billion yen.
NTT's profit for the nine month period rose to 544.08 billion yen ($6.05 billion) from 322.22 billion yen a year earlier.
Group revenue dipped slightly to 7.73 trillion yen from 7.84 trillion yen, while operating profit rose 16 percent to 1.01 trillion yen from 874.38 billion yen.
NTT DoCoMo released its earnings for the nine months ending December 2008 today, which includes its third quarter results. The incumbent carrier posted a 30 percent drop in net income from October to December to 91 billion yen ($1.01 billion) compared to 130 billion ($1.45 billion) in the same period a year ago. DoCoMo’s operating profit for the third quarter declined 22 percent to 170 billion yen ($1.89 billion) from 217 billion ($2.42 billion) a year ago. Sales, meanwhile, fell 7.2 percent to 1.11 trillion yen ($12.3 billion) from last year’s 1.2 trillion yen ($13.4 billion).
Results for the nine-month period from April-December were better, with DoCoMo posting a 16 percent rise in net profit of 438 billion ($4.8 billion) yen, up from 376.5 billion yen ($4.2 billion) in the same period a year earlier. Operating income climbed 19 percent to 746.8 billion yen ($8.3 billion), on the back of 3.38 trillion yen ($37.7 billion) in salesSony Ericsson fourth-quarter net loss was 187 million euros ($245 million), compared with a profit of 373 million euros a year earlier, the London-based company said in a statement today. Sales fell 23 percent to 2.91 billion euros. Sony Ericsson booked costs of 129 million euros in the quarter to trim its workforce.
Toyota sold about 2.236 million vehicles worldwide in the three months ended Sept. 30, down 4.3 percent from 2.336 million a year earlier, according to an e-mail from the company. General Motors Corp., the world's largest carmaker, will release its third-quarter sales figure on Oct. 29.
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