TOKYO : Japan's Denso Corp, a leading supplier to Toyota Motor Corp, on Friday slashed its annual operating profit forecast by 12.5 per cent, missing analysts' estimates.The company, a major manufacturer of automotive parts and chips, lowered its full-year operating profit forecast to 420 billion yen ($3.
TOKYO : Japan's Denso Corp, a leading supplier to Toyota Motor Corp, on Friday slashed its annual operating profit forecast by 12.5 per cent, missing analysts' estimates.
The company, a major manufacturer of automotive parts and chips, lowered its full-year operating profit forecast to 420 billion yen for the year to end-March, a 60 billion-yen cut from the 480 billion yen expected previously.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
State Street reports 9.32% stake in embattled crypto bank SilvergateU.S. custodian bank State Street Corp on Thursday reported a 9.32 per cent passive stake in cryptocurrency-focused lender Silvergate Capital Corp as of Dec. 31, according to a regulatory filing.The disclosure comes as Silvergate seeks to ease investor concerns over its future, after reporting a $1 billion
Read more »
Sony Q3 profit down 7.8%, but beats analysts' estimatesTOKYO : Japan's Sony Group Corp posted a 7.8 per cent fall in quarterly operating profit on Thursday as its film division fared worse than a year ago, when a blockbuster 'Spider-Man: No Way Home' movie drove its profit. The electronics and entertainment giant's operating profit came to 428.7 billion yen (
Read more »
Panasonic slashes full-year operating profit forecast by 12.5%TOKYO : Japan's Panasonic Corp on Thursday cut its full-year operating profit forecast even as it posted a 16 per cent rise in third-quarter operating profit to 84.4 billion yen ($653 million).Panasonic slashed its operating profit forecast by 12.5 per cent to 280 billion yen from 320 billion yen. That co
Read more »
Sony revises up full-year outlook, still misses analysts' estimatesTOKYO : Japan's Sony Group Corp on Thursday raised its annual operating profit forecast by 1.7 per cent, helped by its PlayStation game division, but the latest outlook still misses analysts' estimates narrowly.The electronics and entertainment giant now expects its operating profit for the year to March
Read more »
Panasonic cuts full-year outlook as costly raw materials biteTOKYO : Japan's Panasonic Corp lowered its annual operating profit forecast by 12.5 per cent on Thursday, hit by headwinds from a slowing global economy and persistently high prices of raw materials.The decline spells a challenge for the company in the face of a tricky outlook for global growth, as it bui
Read more »
Panasonic cuts full-year outlook as costly raw materials weighTOKYO :Japan's Panasonic Holdings Corp lowered its annual operating profit forecast by 12.5 per cent on Thursday after lower-than-expected third-quarter earnings, hit by headwinds from a slowing global economy and persistently high raw materials prices.The company faces challenges amid a tricky outlook for gl
Read more »