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Industries & Sectors

Business & Finance - Industries & Sectors

Panasonic says half-year profit dives 52pc, but lifts FY forecast TOKYO: Panasonic on Friday said its net profit plunged 52.2 percent to 80.9 billion yen ($729 million) for the six months to September, but it lifted its full-year forecast partially due to strong solar panel sales.The Osaka-based company raised its full-year net profit forecast to 175 billion yen from an earlier estimate of 140 billion yen for the fiscal year to next March.Copyright AFP (Agence France-Presse), 2014 ...

Business & Finance - Industries & Sectors

Japan Airlines' H1 net profit slips 2pc, raises FY forecast TOKYO: Japan Airlines (JAL) said Friday its net profit for the April-September period slipped 0.2 percent to $724 million as a weak yen pushed up fuel costs, but the carrier also revised up its full-year earnings forecast.The company said net profit came in at 80.32 billion yen ($724 million), while sales rose 3.7 percent to 683.77 billion yen.For the fiscal year through March, JAL revised up its annual forecast to a 135 billion yen net ...

Business & Finance - Industries & Sectors

Sony says half-year loss balloons six-fold to almost $1.0bn TOKYO: Sony said Thursday its net loss for the April-September period ballooned to nearly $1.0 billion, as the embattled electronics firm continues to struggle in the fiercely competitive smartphone business.The firm said its net loss came in at 109.1 billion yen, way up from a loss of 16.5 billion yen in the same period last year.Sony's operating loss of 15.8 billion yen reversed an profit of 49.4 billion last year, although sales ticked up 6.5 ...

Business & Finance - Industries & Sectors

Japanese life insurers see further, slower shift to foreign bonds TOKYO: Japanese life insurers are looking to buy more foreign bonds in the six months to March as yields on domestic bonds have fallen to uneconomical levels due to the Bank of Japan's massive purchases as part of its monetary easing programme.Still, most of their buying will be made with currency hedges and the pace of their buying is expected to slow after fervent demand in April-September, suggesting the shift toward foreign debt will have ...

Business & Finance - Industries & Sectors

Co-creator of Android mobile software leaves Google SAN FRANCISCO: Google on Thursday confirmed that an executive behind leading mobile device software Android is leaving the company to create an incubator for hardware startups.Andy Rubin became a Google executive in 2005 when the Internet titan bought Android Inc., which was then a small startup that Rubin co-founded two years earlier.Rubin led the Android team at Google until last year, by which time Android was the most widely used smartphone operating system in the ...

Business & Finance - Industries & Sectors

Samsung Elec seeks China turnaround, unveils mid-tier handsets with premium feel SEOUL: Samsung Electronics Co Ltd unveiled two new mid-tier handsets with a premium design as it prepared to deliver a riposte to its low-priced Chinese rivals and reclaim its title as the top brand in the world's biggest smartphone market.The Galaxy A3 and A5 will be Samsung's first devices to feature fully metal bodies and its thinnest smartphones to date. In size, they are comparable to those of the top-of-the-line Galaxy S5, though of lesser ...

Business & Finance - Industries & Sectors

Sharp swings to small H1 profit TOKYO: Japanese electronics giant Sharp said on Friday it saw a small profit in the first half of its fiscal year and forecast it will stay the black for the next six months as it tries to overcome years of record losses.The Osaka-based company -- a key Apple supplier and leader in screens for smartphones and tablets -- reported a net profit of 4.7 billion yen ($43 million) for April-September, reversing its net loss of ...