Japan

Toyota Motor Corp stock forecast 2012 : Toyota Motor Corp raised its full-year profit forecast by more than a third as it cuts costs, trims spending and expects Japanese government schemes to boost sales, though the guidance was still some way below analysts' expectations. Japan's No.1 automaker now expects operating profit - earnings from its core operations - for the year to end-March of 270 billion yen ($3.5 billion), a drop of 42 percent from last year, and lagging a consensus forecast of...Read Full Story

Japan's Toyota said its nine-month profits were down more than half, but that things were looking better than expected over the year as a whole. The motor giant on Tuesday said its nine-month net profit fell 57.5 percent to 162 billion yen ($2.12 billion), blaming the continued impact of the March 11 disaster, Thai floods and a strong yen. The company said operating profit also slumped by 72.3 percent to 117 billion yen in the nine months to December, with revenue down more than 10 percent to...Read Full Story

Tue, Jan 31 2012 12:48 IST | 14 Views | Add your comment SHARE: Japan's Honda Motor Co. said Tuesday its net profit from April to December plunged 71.4 percent from the previous year to about 139.89 billion yen ($1.84 billion). The automaker expects its annual group net profit ending this March to fall 59.7 percent, due to the twin disasters in March last year, the flooding in Thailand and the stronger yen, reported Xinhua. Sales for the nine-month period declined 17.6...Read Full Story

TOKYO – Sony Corp fell into a 91.7 billion yen ($1.2 billion) operating loss in October-December, a disappointing result for the usually lucrative quarter that was worse than analysts’ estimates as it battled a strong yen, Thai floods and a dull economy. The company also forecast a full-year operating loss, hobbled by chronic losses in its TV operations despite restructuring efforts as it struggles to compete with aggressive South Korean rivals such as Samsung Electronics. Sony’s...Read Full Story

Honda Motor Co., Japan’s third- largest automobile maker, forecast a worse-than-expected 65 percent drop in profit for the year to March after natural disasters in Japan and Thailand, and the strong yen hammered it harder than its rivals. The company said Tuesday that its net earnings in the October-December quarter tumbled 41 per cent to 47.6 billion yen ($625 million) and projected a sharply lower full-year profit. In 2011, Honda’s global output dropped by a fifth to 2.91 million cars...Read Full Story