Tokyo - Toyota Motor Corp's operating loss for the fiscal year 2008 was to expand to 400 billion yen (4.44 billion dollars) from an earlier projection of a 150-billion-yen loss, media reports said Friday.
As Japan's leading automaker is suffering from declining demand and the yen's advance against other currencies, it was expected to incur the first-ever operating loss for the business year ending in March.
It was also expected to report the first net loss since 1963, when it started publishing net results, according to Japan's business daily The Nikkei.
Tokyo - Japanese electronics companies Toshiba Corp and NEC Corp began negotiations on a business alliance in semiconductor manufacturing as both are suffering from slowing market demands and severe price competition, Japanese media reported Friday.
Japan's Kyodo News Agency quoted sources familiar with the talks saying that Fujitsu, another Japanese electronics giant, may join the deal.
Tokyo - Japan's benchmark Nikkei 225 Stock Average fell more than 3 per cent Friday due to sluggish economic data and corporate earnings reports by major Japanese companies.
The Nikkei index plunged 276.19 points, or 3.35 per cent, to 7,975.05, and the broader Topix index of all first section issues was also down 24.44 points, or 2.99 per cent, to
794.03.
Tokyo - Japan's industrial production plunged to an unprecedented 9.6 per cent in December and unemployment rose, as the widening global recession cut export demands, the government said Friday.
Data from the Ministry of Economy, Trade and Industry revealed a steeper drop in production as compared to the previous record low of 8.5 per cent a month earlier.
The unemployment rate climbed to 4.4 per cent from 3.9 percent, the biggest jump in 41 years.
Tokyo - Nintendo Co on Thursday reported an 18-per-cent fall in its net profit during the first nine months of the fiscal year despite strong sales of its Wii videogame console as the yen advanced against other currencies.
The Japanese videogame maker saw its net profit decline from 258.93 billion yen (2.9 billion dollars) during the same period a year before to 212.52 billion yen in the April-to-December period.
Tokyo - Sony Corp on Thursday reported its net profit plunged 94.8 per cent in the October-to-December quarter to 10.4 billion yen (116.37 million dollars) because of a strong yen and dwindling demand for electronics.
The earings compared with a 200.2-billion-yen net profit from the same quarter a year earlier.
The Japanese electronics giant suffered an operating loss of 18 billion yen in its third quarter, compared with a profit of 236.2 billion yen during the same period of 2007.
Tokyo - Toyota Motor Corp's operating loss for the fiscal year 2008 was to expand to 400 billion yen (4.44 billion dollars) from an earlier projection of a 150-billion-yen loss, media reports said Friday.
Tokyo - Japanese electronics companies Toshiba Corp and NEC Corp began negotiations on a business alliance in semiconductor manufacturing as both are suffering from slowing market demands and severe price competition, Japanese media reported Friday.
Tokyo - Japan's benchmark Nikkei 225 Stock Average fell more than 3 per cent Friday due to sluggish economic data and corporate earnings reports by major Japanese companies.
Tokyo - Japan's industrial production plunged to an unprecedented 9.6 per cent in December and unemployment rose, as the widening global recession cut export demands, the government said Friday.
Tokyo - Nintendo Co on Thursday reported an 18-per-cent fall in its net profit during the first nine months of the fiscal year despite strong sales of its Wii videogame console as the yen advanced against other currencies.
Tokyo - Sony Corp on Thursday reported its net profit plunged 94.8 per cent in the October-to-December quarter to 10.4 billion yen (116.37 million dollars) because of a strong yen and dwindling demand for electronics.
