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By BLOOMBERG BUSINESS NEWS | August 24, 1996
TOKYO -- Honda Motor Co.'s quarterly earnings jumped nearly fourfold as sales rose in Japan and a stronger dollar boosted revenue from abroad, the company said yesterday.Group net earnings rose 283 percent to 45.7 billion yen ($423 million) in the three months ended June 30. Sales rose 30 percent to 1.2 trillion yen.The profits were in line with many analysts' expectations for strong earnings. The company's shares fell 10 yen to 2,540.Honda, Japan's No. 4 automaker, is picking up market share by tapping into the fast-growing segment for "recreational vehicles," which in Japan includes minivans, sport-utility vehicles and station wagons.
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BUSINESS
By Detroit Free Press | May 10, 2007
DETROIT -- With most global automakers coming off a difficult year, Toyota Motor Corp. reported record annual profit yesterday and forecast a slower - but still growing - year to come. Toyota's net income rose 20 percent to 1.64 trillion yen, or $14 billion, for the most recent fiscal year, which ended March 31. It projected profits will rise again in the current year to 1.65 trillion yen, or $14.3 billion, though an executive suggested that management's guidance is intended as the low end of likely results.
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BUSINESS
By BLOOMBERG NEWS | December 22, 2006
TOKYO -- Hoya Corp., Japan's largest optical glass maker, agreed to buy camera maker Pentax Corp. for 90.6 billion yen ($765 million) to add endoscopes and surgical scissors. Hoya will pay 0.158 of stock, or 709.42 yen, for each Pentax share, the companies said yesterday. The offer is 10.5 percent higher than yesterday's closing stock price. Medical equipment sales at Pentax grew 23 percent in the year that ended March 31 as the company cut its reliance on single-lens reflex cameras because of increased digital competition from Canon Inc. and Sony Corp.
BUSINESS
By New York Times News Service | February 7, 2007
TOKYO -- Another quarter of record profits and sales released by the Toyota Motor Corp. yesterday painted a picture of a company whose forward momentum is pushing it into a virtuous cycle of sorts, allowing the auto company to stay on a roll, analysts said. Toyota said that its net income rose 7.3 percent in its fiscal third quarter that ended Dec. 31 to a record 426.8 billion yen, or $3.54 billion, from 397.5 billion yen in the comparable quarter of 2005. The automaker said its revenue rose 15.2 percent to 6.15 trillion yen, another record.
BUSINESS
May 27, 1995
Nissan, Mazda report big lossesTwo of Japan's leading car manufacturers, Nissan and Mazda, reported huge losses yesterday for their last fiscal years, heightening concern that Japan's overcrowded automobile industry is heading for a consolidation.The Nissan Motor Co. reported a group net loss of 166.1 billion yen, or $1.86 billion, almost double the loss of 86.9 billion yen recorded in the previous fiscal year.The Mazda Motor Corp. reported a net loss for the Japanese nTC parent company of 35.8 billion yen, or $400.
BUSINESS
By BLOOMBERG NEWS | May 28, 1998
TOKYO -- Nissan Motor Co., Japan's second largest automaker behind Toyota Motor Corp., posted its fifth loss in six years yesterday as it failed to keep pace with changing demand, sending its U.S. operations into the red and its sales crashing in Japan.Nissan, which makes the luxury Infiniti sedan, posted a group net loss of 14.0 billion yen ($10.17 million), for the year ended March 31 compared with a profit of 77.7 billion yen the year before. Sales fell 1.4 percent.The company cut its earnings forecast just last week and yesterday's results were expected by analysts.
BUSINESS
By NEW YORK TIMES NEWS SERVICE | October 24, 2003
TOKYO - Sony Corp.'s troubles continued last quarter, as its net profit fell 25 percent from the period a year earlier, the company said yesterday. Income from its games division plunged and its movie studio posted a loss. Sony, the world's second-largest electronics maker, also trimmed by 23 percent its full-year target for operating income, a measure that excludes taxes and one-time events, and reflects the core business. The company, which is trying to overhaul its electronics division, left its net profit target unchanged.
NEWS
By Asahi News Service | October 11, 1990
TOKYO -- Japan will increase its share of the costs of stationing U.S. troops here at the start of the new fiscal year in March in response to requests by the U.S. government.President Bush and Secretary of State James A. Baker III made formal requests for additional payments last month.According to a high-ranking Foreign Ministry official, Japan will submit legislation to the Diet that would allow the government to pay the basic salary of Japanese employees and utility costs at U.S. military bases.
BUSINESS
By NEW YORK TIMES NEWS SERVICE | August 12, 2004
TOKYO - A Tokyo court granted an appeal by UFJ Holdings yesterday that clears the way for the struggling Japanese bank to resume merger talks with its larger rival, the Mitsubishi Tokyo Financial Group, in a deal that could create the world's largest bank. The Tokyo High Court reversed an injunction by a lower court that had banned UFJ from including its money-management unit in the merger negotiations because of a previous agreement to sell that business to another bank, the Sumitomo Mitsui Financial Group.
BUSINESS
By Bloomberg Business News | August 31, 1995
TOKYO -- Japan's banking system suffered a major blow as regulators moved yesterday to close Hyogo Bank Ltd., the country's 38th-largest bank, and Kizu Credit Union, the country's largest credit union.Hyogo Bank, based in the earthquake-torn city of Kobe, will be restructured with the help of the Ministry of Finance, said people familiar with the ministry's plan.The operations of Hyogo will be shifted to a new bank, which will be financed in part by the Hyogo Prefecture government, Japanese news reports said.
BUSINESS
By BLOOMBERG NEWS | December 22, 2006
TOKYO -- Hoya Corp., Japan's largest optical glass maker, agreed to buy camera maker Pentax Corp. for 90.6 billion yen ($765 million) to add endoscopes and surgical scissors. Hoya will pay 0.158 of stock, or 709.42 yen, for each Pentax share, the companies said yesterday. The offer is 10.5 percent higher than yesterday's closing stock price. Medical equipment sales at Pentax grew 23 percent in the year that ended March 31 as the company cut its reliance on single-lens reflex cameras because of increased digital competition from Canon Inc. and Sony Corp.
BUSINESS
By JOHN O'DELL and JOHN O'DELL,LOS ANGELES TIMES | August 5, 2006
Toyota Motor Corp. posted yesterday a 39.2 percent gain in profit for its fiscal first quarter, a hefty increase helped by booming U.S. sales and a weaker yen that boosted the value of the Japanese automaker's overseas sales. Net income for Toyota, the world's second-largest automaker, was 371.5 billion yen ($3.23 billion) for the quarter that ended June 30, up from 266.9 billion yen in the comparable quarter last year. Sales rose 13 percent to 5.64 trillion yen ($49 billion) from 5 trillion yen. Much of the automaker's growth occurred in North America, where Toyota is soaring on the strength of its reputation for building reliable, fuel-efficient cars.
BUSINESS
By NEW YORK TIMES NEWS SERVICE | August 12, 2004
TOKYO - A Tokyo court granted an appeal by UFJ Holdings yesterday that clears the way for the struggling Japanese bank to resume merger talks with its larger rival, the Mitsubishi Tokyo Financial Group, in a deal that could create the world's largest bank. The Tokyo High Court reversed an injunction by a lower court that had banned UFJ from including its money-management unit in the merger negotiations because of a previous agreement to sell that business to another bank, the Sumitomo Mitsui Financial Group.
BUSINESS
By NEW YORK TIMES NEWS SERVICE | October 24, 2003
TOKYO - Sony Corp.'s troubles continued last quarter, as its net profit fell 25 percent from the period a year earlier, the company said yesterday. Income from its games division plunged and its movie studio posted a loss. Sony, the world's second-largest electronics maker, also trimmed by 23 percent its full-year target for operating income, a measure that excludes taxes and one-time events, and reflects the core business. The company, which is trying to overhaul its electronics division, left its net profit target unchanged.
BUSINESS
By BLOOMBERG NEWS | October 21, 2003
Sony Corp., the world's second-largest maker of consumer electronics, plans to cut as many as 20,000 jobs, about 10 percent of its work force, by March 2006 as it stops making televisions in Japan and reduces administration costs, the Nihon Keizai newspaper said. "We are going to exit unprofitable business, sell or dispose of nonstrategic assets, reorganize global manufacturing, slim down sales and back office divisions, especially in Japan," spokesman Shigenori Yoshida said, without providing details.
BUSINESS
May 20, 2000
In the Region New Web site has announcements about Md. companies The Maryland Department of Business and Economic Development said yesterday that PR Newswire, a New York-based business news and public relations service, has begun providing announcements about Maryland companies on a DBED Web site, www.choosemaryland.org. The Web site also offers such information as business-licensing requirements and contacts, export and import facts and business resources that the state offers. Metastorm acquires e-business consultant Metastorm Inc., a Severna Park developer and marketer of electronic business software, said it has acquired Software Systems Group, a Springfield, Va., government e-business consultant.
BUSINESS
By BLOOMBERG BUSINESS NEWS | May 25, 1996
TOKYO -- Most of Japan's largest commercial banks yesterday reported their first net losses in five decades aswrite-offs of trillions of yen in bad loans wiped out record operating profits.The banks projected that aggregate profits through normal operations will plunge 34 percent this year to 2.305 trillion yen ($21.35 billion) as interest rates rise. That will jeopardize their efforts to rid themselves of the bad loans still spoiling their balance sheets."Last fiscal year was absolutely heaven for the banks," said Walter Altherr of Jardine Fleming Securities Ltd."
BUSINESS
By New York Times News Service | February 7, 2007
TOKYO -- Another quarter of record profits and sales released by the Toyota Motor Corp. yesterday painted a picture of a company whose forward momentum is pushing it into a virtuous cycle of sorts, allowing the auto company to stay on a roll, analysts said. Toyota said that its net income rose 7.3 percent in its fiscal third quarter that ended Dec. 31 to a record 426.8 billion yen, or $3.54 billion, from 397.5 billion yen in the comparable quarter of 2005. The automaker said its revenue rose 15.2 percent to 6.15 trillion yen, another record.
BUSINESS
By BLOOMBERG NEWS | May 28, 1998
TOKYO -- Nissan Motor Co., Japan's second largest automaker behind Toyota Motor Corp., posted its fifth loss in six years yesterday as it failed to keep pace with changing demand, sending its U.S. operations into the red and its sales crashing in Japan.Nissan, which makes the luxury Infiniti sedan, posted a group net loss of 14.0 billion yen ($10.17 million), for the year ended March 31 compared with a profit of 77.7 billion yen the year before. Sales fell 1.4 percent.The company cut its earnings forecast just last week and yesterday's results were expected by analysts.
BUSINESS
By BLOOMBERG NEWS | November 11, 1997
TOKYO -- Softbank Corp., the flagship enterprise in Japan of billionaire computer mogul Masayoshi Son, said yesterday that it will merge three of its most valuable U.S. subsidiaries in a move that will create a powerhouse in the computer products sales field.The three are Ziff-Davis Publishing, publisher of three of the top-selling U.S. computer magazines; Comdex, the world's largest operator of computer trade shows; and Softbank Forums, which conducts sales and training for computer products.
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