Werbung
As the earnings season wound down last week, the 2,189 companies that had reported results through Friday posted a combined loss of 1.75 trillion yen, according to Bloomberg data. That compares with group net income of 6.27 trillion yen for the comparable aggregate of companies the previous year.
For the current year, those same 2,189 companies predict combined group net income of 10.8 trillion yen. Among them are 721 companies that expect to be profitable this year after losing money last year.A continued strengthening of the yen, which has risen 7.1 percent against the dollar since the new fiscal year began, would hurt earnings of exporters such as Sony Corp
. Among the worrisome signs are a smaller-than-expected increase in industrial production in April and the economy's loss of an additional 430,000 jobs in the month.The decline in bank shares resulted in charges and crimped profits at trading houses such as Itochu Corp., which saw net income dive 50 percent to 30.2 billion yen, and construction companies such as Kajima Corp., Japan's biggest, which posted a loss of 41.2 billion yen for the year.
Itochu, the country's No. 3 trading company, expects profit to jump 66 percent to 50 billion yen, while Kajima predicts net income of 11 billion yen.
Four of Japan's five biggest steelmakers lost money. All five say they will be profitable this year
NTT, 46 percent owned by the government, says it will bounce back this year with net income of 361 billion yen. DoCoMo, whose earnings plunged more than 99 percent to 862 million yen last year, predicts net income of 511 billion yen.
Matsushita Electric Industrial Co., the world's biggest maker of consumer electronics, lost 431 billion yen. Toshiba Corp. the second-biggest chipmaker, lost 254 billion yen. Hitachi Ltd., Japan's third-largest chipmaker, lost 484 billion yen.
All had predicted they would be profitable. All are forecasting a return to profit this year. Electronics makers may see a big turnaround this business year
NEC lost 312 billion yen last year and predicts group net income of 10 billion yen this year. Sony, which earned 15.3 billion yen last year, a tenth of the 150 billion yen it originally forecast, is predicting net income of 150 billion yen for this year.
Shares of Nissan Motor, Sumitomo Mitsui Banking and telecom carrier KDDI fueled a broad-based rally Monday that snapped last week's slide in Tokyo's Nikkei and Topix indexes.
Toyota fell 0.6 percent to 3,370.
Domestic vehicle sales (excluding minicars and specialty vehicles) fell by a smaller-than-expected 1.4 percent in May from the year before. Toyota remained the top seller, with more than twice the sales of Nissan, but it posted a 3.6 percent drop in sales from the year before. Nissan's sales in Japan rose 6.6 percent, and Honda's soared 23.2 percent.
Tokyo equity trading is likely to remain choppy. Optimists trying to ignore the humiliating double downgrade of Japanese debt Friday by Moody's are looking forward to this Friday's release of first-quarter GDP data for the first quarter. Most private forecasts expect Japan's economy to start coming out of its trough after three quarters in a row of contraction.
Commerz Securities analysts said Japan's manufacturing sector provides clear evidence that a cyclical recovery is taking hold, but they added: "We still believe that structural problems will reassert themselves and as a result the upturn will be more subdued than history would suggest."
The German brokerage has a near-term target for Topix of 1,300 -- about 170 points above the index's current level -- with 1,200 as the next level of resistance.
interessant die Gewinner der letzten Zeit:
www.technobahn.com/us/ranking11_en.html
und der Chart des Jasdaq,der besser aussieht ais Topix und Nikkei 225
211.120.61.4/cgi-bin/beta/...=1015&with=&width=554&height=320" style="max-width:560px" >
For the current year, those same 2,189 companies predict combined group net income of 10.8 trillion yen. Among them are 721 companies that expect to be profitable this year after losing money last year.A continued strengthening of the yen, which has risen 7.1 percent against the dollar since the new fiscal year began, would hurt earnings of exporters such as Sony Corp
. Among the worrisome signs are a smaller-than-expected increase in industrial production in April and the economy's loss of an additional 430,000 jobs in the month.The decline in bank shares resulted in charges and crimped profits at trading houses such as Itochu Corp., which saw net income dive 50 percent to 30.2 billion yen, and construction companies such as Kajima Corp., Japan's biggest, which posted a loss of 41.2 billion yen for the year.
Itochu, the country's No. 3 trading company, expects profit to jump 66 percent to 50 billion yen, while Kajima predicts net income of 11 billion yen.
Four of Japan's five biggest steelmakers lost money. All five say they will be profitable this year
NTT, 46 percent owned by the government, says it will bounce back this year with net income of 361 billion yen. DoCoMo, whose earnings plunged more than 99 percent to 862 million yen last year, predicts net income of 511 billion yen.
Matsushita Electric Industrial Co., the world's biggest maker of consumer electronics, lost 431 billion yen. Toshiba Corp. the second-biggest chipmaker, lost 254 billion yen. Hitachi Ltd., Japan's third-largest chipmaker, lost 484 billion yen.
All had predicted they would be profitable. All are forecasting a return to profit this year. Electronics makers may see a big turnaround this business year
NEC lost 312 billion yen last year and predicts group net income of 10 billion yen this year. Sony, which earned 15.3 billion yen last year, a tenth of the 150 billion yen it originally forecast, is predicting net income of 150 billion yen for this year.
Shares of Nissan Motor, Sumitomo Mitsui Banking and telecom carrier KDDI fueled a broad-based rally Monday that snapped last week's slide in Tokyo's Nikkei and Topix indexes.
Toyota fell 0.6 percent to 3,370.
Domestic vehicle sales (excluding minicars and specialty vehicles) fell by a smaller-than-expected 1.4 percent in May from the year before. Toyota remained the top seller, with more than twice the sales of Nissan, but it posted a 3.6 percent drop in sales from the year before. Nissan's sales in Japan rose 6.6 percent, and Honda's soared 23.2 percent.
Tokyo equity trading is likely to remain choppy. Optimists trying to ignore the humiliating double downgrade of Japanese debt Friday by Moody's are looking forward to this Friday's release of first-quarter GDP data for the first quarter. Most private forecasts expect Japan's economy to start coming out of its trough after three quarters in a row of contraction.
Commerz Securities analysts said Japan's manufacturing sector provides clear evidence that a cyclical recovery is taking hold, but they added: "We still believe that structural problems will reassert themselves and as a result the upturn will be more subdued than history would suggest."
The German brokerage has a near-term target for Topix of 1,300 -- about 170 points above the index's current level -- with 1,200 as the next level of resistance.
interessant die Gewinner der letzten Zeit:
www.technobahn.com/us/ranking11_en.html
und der Chart des Jasdaq,der besser aussieht ais Topix und Nikkei 225
