ID :
86806
Fri, 10/30/2009 - 09:29
Auther :
Shortlink :
https://www.oananews.org//node/86806
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Electronics makers see improved earnings, outlook still murky+
TOKYO, Oct. 29 Kyodo - Major Japanese electronics makers fell into the red in the April-September first half of fiscal 2009, but restructuring efforts and government stimulus measures helped lift their earnings, according to their earnings reports released Thursday.
Still, whether the trend will remain for the entire business year is uncertain
amid lingering concerns about the continued global economic slump and sluggish
consumption.
Sharp Corp. said it fell into the red in the April-September period with a
group net loss of 17.72 billion yen against a net profit of 28.01 billion yen a
year earlier amid sluggish economic conditions due to the global economic
crisis.
But the Osaka-based consumer electronics maker said its performance in the
July-September quarter improved from the previous quarter due partly to the
government's ''eco-point'' subsidy program for the purchase of energy-efficient
appliances.
NEC Corp. said it incurred a group net loss of 43.59 billion yen for the fiscal
first half, a reversal from a group net profit of 1.76 billion yen a year
earlier, and cut its full-year operating profit outlook from 100 billion yen to
60 billion yen, citing the poor performance of its semiconductor operations.
But NEC President Kaoru Yano noted there were signs of improvement, such as in
the mobile phone business, during the April to September period.
Hitachi Ltd. also fell into the red with a group net loss of 133.22 billion yen
in the first half of fiscal 2009, but the company likewise saw some signs of
picking up as it had earlier anticipated a net loss of 210 billion yen.
Takashi Miyoshi, Hitachi's executive vice president, attributed that to
''economic stimulus measures and inventory adjustments'' which helped lift
auto, electronics, and consumer products operations.
Earnings outlooks for the full current business year are mixed in the wake of
uncertainties due to the continued global economic slump. NEC has cut its
full-year profit outlook while Sharp and Hitachi have maintained theirs.
Both Yano and Miyoshi voiced concern about the prospects in the final quarter
of the business year.
Miyoshi said the situation ''remains severe since capital spending is extremely
tight and consumption is still not picking up.''
==Kyodo
Still, whether the trend will remain for the entire business year is uncertain
amid lingering concerns about the continued global economic slump and sluggish
consumption.
Sharp Corp. said it fell into the red in the April-September period with a
group net loss of 17.72 billion yen against a net profit of 28.01 billion yen a
year earlier amid sluggish economic conditions due to the global economic
crisis.
But the Osaka-based consumer electronics maker said its performance in the
July-September quarter improved from the previous quarter due partly to the
government's ''eco-point'' subsidy program for the purchase of energy-efficient
appliances.
NEC Corp. said it incurred a group net loss of 43.59 billion yen for the fiscal
first half, a reversal from a group net profit of 1.76 billion yen a year
earlier, and cut its full-year operating profit outlook from 100 billion yen to
60 billion yen, citing the poor performance of its semiconductor operations.
But NEC President Kaoru Yano noted there were signs of improvement, such as in
the mobile phone business, during the April to September period.
Hitachi Ltd. also fell into the red with a group net loss of 133.22 billion yen
in the first half of fiscal 2009, but the company likewise saw some signs of
picking up as it had earlier anticipated a net loss of 210 billion yen.
Takashi Miyoshi, Hitachi's executive vice president, attributed that to
''economic stimulus measures and inventory adjustments'' which helped lift
auto, electronics, and consumer products operations.
Earnings outlooks for the full current business year are mixed in the wake of
uncertainties due to the continued global economic slump. NEC has cut its
full-year profit outlook while Sharp and Hitachi have maintained theirs.
Both Yano and Miyoshi voiced concern about the prospects in the final quarter
of the business year.
Miyoshi said the situation ''remains severe since capital spending is extremely
tight and consumption is still not picking up.''
==Kyodo
