Japan

February 13, 2012, 9:56 AM EST By Jonathan Burgos and Satoshi Kawano Feb. 13 (Bloomberg) — Japanese stocks climbed as the Greek parliament approved austerity measures needed to secure a debt bailout, outweighing a report that Japan’s economy contracted more than expected. Nippon Sheet Glass Co., a glassmaker that counts Europe as its biggest market, rose 1.5 percent. Fanuc Corp. advanced 2.2 percent after a report the industrial robotics company plans to double production of tools...Read Full Story

posted by RiskTaker 45 minutes ago in all made popular 12 minutes ago The central bank boosted its asset buying and lending scheme, under which it buys government and private debt and lends cheap funds against various types of collateral, by 10 trillion yen ($130 billion), to 65 trillion yen. The entire increase amount ...Read Full Story

Feb 14 (Reuters) – Japan Airlines Co plans to invest about 500 billion yen ($6.46 billion) over a five-year period starting this April in new planes and related spending, the Nikkei business daily reported.Read Full Story

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

Japan Airlines TOKYO : Japan Airlines, which went bankrupt two years ago in one of the country’s biggest-ever corporate failures, reported a nine-month profit of almost $2.0 billion Thursday, in part thanks to the strong yen. The carrier was bailed out by the government after filing for bankruptcy with debts of about 2.32 trillion yen, and emerged from a court-supervised restructuring in March last year. JAL said net profit reached 146 billion yen ($1.92 billion) in the nine months to...Read Full Story

TOKYO (Reuters) – Sharp Corp forecast a record 290 billion yen ($3.8 billion) net loss for the year to March after posting surprise quarterly losses as a slump in TV sales forced it to halve output at a western Japan LCD plant. The Japanese electronics maker said it was confronting a slump in both its LCD business, where it trimmed its full-year forecast for LCD TV sales to 12.8 million from 13.5 million, and in solar cells, which are also showing widening losses. “There had already been...Read Full Story