Japan

Heat wave kills three in Japan

Japan, TokyoTokyo - Three people died Saturday in Japan due to extreme temperatures, media reports

Honda's quarterly net profit up 8.1 per cent

Tokyo Honda Motor Co- Honda Motor Co said Friday that its net profit increased 8.1 per cent in its first quarter to 179.61 billion yen (1.67 billion dollars), thanks to strong sales in Asia and Brazil.

Japan's second-largest automaker reported a 2.2-per-cent decline in sales in the April-June quarter to 2.87 trillion yen.

Its operating profit, or a company's earnings minus interest payments and taxes, which are seen as a measure of its earnings power from ongoing operations, fell 0.2 per cent to 221.35 billion yen.

Sony to stop manufacturing televisions in Vietnam in September

Hanoi - Sony to stop manufacturing televisions in Vietnam in September Sony plans to close its television picture tube factory in Vietnam after 14 years of operations, a company official said Friday.

Sony Vietnam, a joint venture between Japan's Sony Group and Vietnam's Viettronics Tan Binh Co, is to close its factory in Ho Chi Minh City at the end of September, company spokeswoman Pham Xuan Anh Thy said.

Japan's CPI up 1.9 per cent in June

Tokyo - Japan's core consumer price index (CPI) rose 1.9 per cent in June from a year before, the Internal Affairs and Communications Ministry said Friday.

Tokyo stocks open lower on profit-taking

Tokyo stocks open lower on profit-takingTokyo (dpa) - Tokyo stocks opened lower Friday as investors locked in profits from the previous day's gains.

The Nikkei 225 Stock Average lost 209.5 points, or 1.54 per cent, to 13,393.81.

The broader Topix index of all first-section issues also down 26.62 points, or 2 per cent, to 1,305.95.

On currency markets at 9 am (0000 GMT), the dollar was quoted at 107.28-33 yen, down from Thursday's 5 pm quote of 107.82-84 yen.

Canon's net profit down 15.9 per cent in first half of year

CanonTokyo  - Canon Inc on Thursday reported a 15.9-per-cent fall in its net profit during the first half of the year as a stronger yen and higher material costs offset robust sales of digital cameras and copiers.

Net profit fell, for the first time in six years to 214.49 billion yen (2.02 billion dollars) from the same period last year.

Operating profits - or a company's earnings minus interest payments and taxes, which are seen as a measure of its earnings power from ongoing operations - declined
14.9 per cent to 331 billion yen, Canon said.

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