Reuters - Shares in Japan's Hitachi Ltd dived 17 percent to a near 29-year low on Monday after its warning of a record $7.8 billion annual loss due to weak sales, a firmer yen and costs of restructuring its sprawling operations.
TOKYO (Reuters) - Shares in Japan's Hitachi Ltd dived 17 percent to a near 29-year low on Monday after its warning of a record $7.8 billion annual loss due to weak sales, a firmer yen and costs of restructuring its sprawling operations.
Tokyo (AFP) - Toyota said Friday its annual profit accelerated 19 percent to a record $18.1 billion as the world's biggest automaker capitalised on a weak yen and strong demand in North America, despite a damaging string of recalls.
Deutsche Bank (DBKGn.DE) saw its shares fall by nearly 10 percent on Thursday after warning the market that it would report a record loss for 2015, adding to the pressure on new chief executive John Cryan as he works to restructure Germany's biggest bank.
Tokyo (AFP) - Japanese electronics giant Panasonic said Tuesday that its annual profits soared 49 percent owing to strong results at its lesser-known auto parts unit and lower costs linked to a sweeping restructuring.
Tokyo (AFP) - Sony on Wednesday cut its full-year loss forecast by more than a quarter to $1.4 billion, pointing to its latest three-month results that benefited from a weak yen and improving smartphone sales.
Sony and Panasonic shares plunged to their lowest levels in more than three decades on Friday as investors fretted about the future prospects for two of Japan's most iconic firms amid massive losses.Sony, which reported a record $5.7 billion annual loss Thursday, dived 5.11 percent to 1,151 yen by noon, while Panasonic was off 1.55 percent at 570 yen its earnings later Friday, which it has warned may show a record yearly loss.