Mayumi's Feed
Aug 10, 2011

Nikon outlook breezes past expectations, cameras strong

TOKYO, Aug 10 (Reuters) – Japan’s Nikon Corp raised
its forecast above market expectations on record sales of
cameras and solid demand for LCD steppers used to make
smartphone and tablet PC screens.

Nikon, which competes with market leader Canon Inc
and Sony Corp in digital cameras, said on Monday it now
expects to earn an operating profit of 86 billion yen ($1.1
billion) in the year to March 2012, up 27 percent from its
previous forecast and beating the consensus estimate of 74
billion yen from 19 analysts polled by ThomsonReuters Starmine.

Aug 4, 2011

Hitachi, Mitsubishi edge towards groundbreaking merger

TOKYO, Aug 4 (Reuters) – Hitachi Ltd and Mitsubishi
Heavy Industries Ltd have begun talks to merge, three
sources with knowledge of the matter told Reuters, a move that
would bring much needed consolidation to corporate Japan.

Seen largely as a last resort of failing firms, Japanese
companies until recently have largely eschewed strategic
mergers. A combination of two of Japan’s oldest, most
established conglomerates would mark a deeper embrace of mergers
as a tool for corporations to squeeze costs, combat a surging
yen and gain competitive scale.

Aug 4, 2011

Hitachi, Mitsubishi Heavy merger talks on rocks

TOKYO, Aug 4 (Reuters) – Talks to merge Japanese industrial
giants Hitachi Ltd and Mitsubishi Heavy Industries Ltd
have stalled after news leaked to the media, two
sources said, a potential setback in efforts to reform corporate
Japan.

Traditionally seen as a last resort of failing firms,
Japanese corporations until recently have largely eschewed
strategic mergers. A combination of two of Japan’s oldest, most
established conglomerates would mark a deeper embrace of mergers
as a tool for corporations to squeeze costs, combat a surging
yen and gain competitive scale.

Aug 4, 2011

Hitachi, Mitsubishi Heavy start merger talks: sources

TOKYO (Reuters) – Hitachi Ltd (6501.T: Quote, Profile, Research, Stock Buzz), Japan’s biggest industrial electronics firm and Mitsubishi Heavy Industries Ltd (7011.T: Quote, Profile, Research, Stock Buzz), the nation’s leading heavy machinery maker, may merge to a $150 billion revenue infrastructure firm, three sources said on Thursday, but warned that the companies may struggle to forge a pact.

A murky global outlook for nuclear power — both companies build reactors — in the wake of Japan’s nuclear crisis and profit-sapping yen strength is spurring talks to combine their infrastructure and other core businesses in a new company in 2013, one source with direct knowledge of the matter said.

Jul 29, 2011

Hitachi Q1 profit down on quake-related losses, outlook cloudy

TOKYO, July 29 (Reuters) – Hitachi Ltd said its
quarterly profit fell 41 percent on quake-related supply
disruptions, and it kept its annual forecast slightly below
expectations amid fears of power outages at home and frailty in
consumer and corporate demand in the United States and Europe.

Japan’s biggest industrial electronics firm was hit by
losses in its hard drive operations, now sold to arch-rival
Western Digital , high materials prices and sales
declines in both its nuclear and thermal power systems.

Jul 28, 2011

Toshiba Q1 profit falls, strong yen bites

TOKYO (Reuters) – Toshiba Corp, the world’s No.2 maker of flash memory chips, said quarterly operating profit fell 88 percent as the earthquake hit its power operations and a strong yen bit into earnings, and it kept its annual forecast in line with expectations.

The maker of laptops, nuclear reactors and rice cookers is under pressure to shift to smaller and more powerful chips, as it steels itself for a stronger yen in an already tough global market that beat down profits at bigger rival Samsung Electronics by 26 percent.

Jul 28, 2011

Toshiba Q1 profit falls 88 pct, strong yen bites

TOKYO, July 28 (Reuters) – Toshiba Corp , the
world’s No.2 maker of flash memory chips, said quarterly
operating profit fell 88 percent as the earthquake hit its power
operations and a strong yen bit into earnings, and it kept its
annual forecast in line with expectations.

The maker of laptops, nuclear reactors and rice cookers is
under pressure to shift to smaller and more powerful chips, as
it steels itself for a stronger yen in an already tough global
market that beat down profits at bigger rival Samsung
Electronics by 26 percent.

Jun 24, 2011

Japan Inc balks at staying put amid quake, power

TOKYO (Reuters) – The threat of more quakes, power shortages and loss of clientele is forcing Japanese firms to shift more production, much of it offshore and with a new sense of urgency.

Big manufacturers, hurting after the March 11 earthquake, tsunami and subsequent nuclear crisis wreaked havoc with the supply of parts, are demanding that suppliers diversify output facilities, especially those with key technologies.

Jun 23, 2011

Solar industry ripe for consolidation: executives

TOKYO (Reuters) – The solar power industry may be heading for a shake-out as sliding solar cell prices and looming overcapacity spark a round of consolidation and force small and weaker players out of the market, fund managers and industry executives said.

“Some companies may not be able to sustain business and may have to go as cost competition gets tougher,” said Yutaka Yamamoto, president at the Japanese unit of Suntech Power Holdings (STP.N: Quote, Profile, Research, Stock Buzz), the world’s largest panel-maker.

Jun 23, 2011

Reuters Summit-Solar industry ripe for consolidation-execs

TOKYO, June 23 (Reuters) – The solar power industry may be
heading for a shake-out as sliding solar cell prices and looming
overcapacity spark a round of consolidation and force small and
weaker players out of the market, fund managers and industry
executives said.

“Some companies may not be able to sustain business and may
have to go as cost competition gets tougher,” said Yutaka
Yamamoto, president at the Japanese unit of Suntech Power
Holdings (STP.N: Quote, Profile, Research), the world’s largest panel-maker.