Japanese yen

Renesas Electronics Announces Consolidated Forecasts for the Second Quarter and First Half of 2020

Friday, May 29, 2020 - 7:00am

The consolidated forecasts for the second quarter of 2020 are calculated at the rate of 108 yen per USD and 118 yen per Euro, and the consolidated forecasts for the first half of 2020 are calculated at a rate of 109 yen per USD and 119 yen per Euro.

Key Points: 
  • The consolidated forecasts for the second quarter of 2020 are calculated at the rate of 108 yen per USD and 118 yen per Euro, and the consolidated forecasts for the first half of 2020 are calculated at a rate of 109 yen per USD and 119 yen per Euro.
  • Due to the uncertainty of impacts from the worldwide COVID-19 pandemic to Renesas business, it was difficult to make a reasonable calculation of the financial forecasts and therefore the consolidated financial forecasts for the second quarter of 2020 were undetermined.
  • In regard to demands, some effects from the weakening demand have begun to surface and expected impacts have been calculated into the consolidated forecasts for the second quarter of 2020.
  • The financial forecasts for the second quarter and first half of 2020 are based on the information the Group has available at this current time and includes risks and uncertainties.

DENSO Announces Year-end Financial Results

Thursday, April 30, 2020 - 5:15am

- Consolidated revenue totaled 5,153.5 billion yen (US$47.6 billion), a 3.9 percent decrease from the previous year.

Key Points: 
  • - Consolidated revenue totaled 5,153.5 billion yen (US$47.6 billion), a 3.9 percent decrease from the previous year.
  • - Consolidated operating profit totaled 61.1 billion yen (US$563.8 million), an 80.7 percent decrease from the previous year.
  • Operating profit decreased due to factors such as quality cost provisions, as well as effects from the COVID-19 pandemic," said Koji Arima, president and CEO of DENSO Corporation.
  • Globally headquartered in Kariya, Japan, DENSO spent 9.9 percent of its global consolidated sales on research and development in the fiscal year ending March 31, 2020.

Toyota Announces Financial Results for Fiscal Year Ended March 31, 2020

Tuesday, May 12, 2020 - 8:01am

(Consolidated financial information has been prepared in accordance with U.S. generally accepted accounting principles)

Key Points: 
  • (Consolidated financial information has been prepared in accordance with U.S. generally accepted accounting principles)
    Toyota City, Japan, May 12, 2020 - (JCN Newswire) - Toyota Motor Corporation (TMC) today announced its financial results for the fiscal year ended March 31, 2020.
  • Operating income decreased from 2.4675 trillion yen to 2.4428 trillion yen, while income before income taxes(1) was 2.5546 trillion yen.
  • Operating income, excluding the impact of valuation gains/losses from interest rate swaps, increased by 145.4 billion yen to 289.5 billion yen.
  • Financial services operating income decreased by 30.6 billion yen to 292.1 billion yen, including a loss of 17.5 billion yen in valuation gains/losses from interest rate swaps.

Mitsubishi Electric Announces Consolidated Financial Results for Fiscal 2020

Monday, May 11, 2020 - 10:10am

Under these circumstances, the Mitsubishi Electric Group has been working even harder than before to promote growth strategies rooted in its advantages, while continuously implementing initiatives to strengthen its competitiveness and business structure.

Key Points: 
  • Under these circumstances, the Mitsubishi Electric Group has been working even harder than before to promote growth strategies rooted in its advantages, while continuously implementing initiatives to strengthen its competitiveness and business structure.
  • Revenue for fiscal 2020 decreased by 57.4 billion yen from the previous fiscal year to 4,462.5 billion yen due primarily to a decrease in revenue of Industrial Automation Systems segment, despite that revenue increased in Information and Communication Systems, Home Appliances, Energy and Electric Systems, and Electronic Devices segments.
  • Operating profit ratio decreased by 0.6% from the previous fiscal year to 5.8% due mainly to increased cost ratio.
  • Under these circumstances, the Mitsubishi Electric Group aims to uplift the profitability of its main businesses by promoting its global operations.

Nidec Announces Financial Results for Fiscal Year Ended March 31, 2020

Thursday, April 30, 2020 - 7:15am

KYOTO, Japan, April 30, 2020 (GLOBE NEWSWIRE) -- Nidec Corporation (TSE: 6594) (OTC US: NJDCY) today announced its consolidated financial results under the International Financial Reporting Standards (IFRS) for the fiscal year ended March 31, 2020.

Key Points: 
  • KYOTO, Japan, April 30, 2020 (GLOBE NEWSWIRE) -- Nidec Corporation (TSE: 6594) (OTC US: NJDCY) today announced its consolidated financial results under the International Financial Reporting Standards (IFRS) for the fiscal year ended March 31, 2020.
  • The highlights are as follows:
    Net sales up 4% Y/Y to a record 1,535 billion yen.
  • Operating profit down 15% Y/Y to 110.3 billion yen mainly due to increased costs associated with additional R&D and production ramp-up (approx.
  • Net profit down 45% Y/Y to 60.1 billion yen mainly due to the loss of 15.7 billion yen incurred through the sale of Secops refrigerator compressor business.

Coronavirus May Spur Capital Flight from U.S. and Weaken Dollar, Says MUFG Americas Head of Trading

Monday, March 2, 2020 - 8:45pm

Mr. Hirai delivered his remarks at an MUFG media roundtable last week to discuss the coronavirus's implications for the global economy and currency markets.

Key Points: 
  • Mr. Hirai delivered his remarks at an MUFG media roundtable last week to discuss the coronavirus's implications for the global economy and currency markets.
  • However, he noted, "the coronavirus pressed the 'stop' button" by prompting corporates and financial institutions to reassess their investment allocations moving forward.
  • Large-scale repatriation could result in massive outflows of dollar-denominated money back to Asia and Europeand weaken the dollar against those regions' currencies, he said.
  • 1 As of December 31, 2019, and according to the USD/JPY exchange rate at that date, when assets totaled 314.4

Trend Micro Reports Highest Annual Revenue and Strongest Quarterly Net Sales in Company’s 31 Year History

Tuesday, February 18, 2020 - 12:00pm

In Q4 2019, Trend Micro delivered the strongest quarter in the companys history thanks to growth from all regions globally and across our product portfolio.

Key Points: 
  • In Q4 2019, Trend Micro delivered the strongest quarter in the companys history thanks to growth from all regions globally and across our product portfolio.
  • For the fourth quarter, Trend Micro posted consolidated net sales of 44,261 million Yen (or US $406 million, 108.82 JPY = 1USD).
  • For the fiscal year 2019, Trend Micro posted consolidated net sales of 165,195 million Yen (or US $ 1,515 million, 108.98 JPY=1USD).
  • Trend Micro also announced the results of an independent and comprehensive study by IHS Markit, commissioned by Trend Micro.

Yamaha Motor Records Slight Decrease in 2019 Consolidated Sales

Wednesday, February 12, 2020 - 6:15am

Yamaha Motor Co., Ltd. (Tokyo: 7272) announced today that for the fiscal year ending December 31, 2019, consolidated net sales were 1,664.8 billion yen, a decrease of 0.5% from the same period the previous year.

Key Points: 
  • Yamaha Motor Co., Ltd. (Tokyo: 7272) announced today that for the fiscal year ending December 31, 2019, consolidated net sales were 1,664.8 billion yen, a decrease of 0.5% from the same period the previous year.
  • Sales increased in the marine and financial services segments, however dipped in the land mobility and robotics businesses.
  • Marine business net sales rose 2.0% thanks to an increase in outboard motor, water vehicle and sports boat sales in North America and Europe.
  • For 2021, Yamaha Motor forecasts a 5.7% increase in net sales to 1,760.0 billion yen, with operating income expected to grow 6.6% to 123.0 billion yen.

Nidec Appoints New President and Chief Operating Officer

Tuesday, February 4, 2020 - 6:10am

KYOTO, Japan, Feb. 04, 2020 (GLOBE NEWSWIRE) -- Nidec Corporation (TSE: 6594; OTC US: NJDCY) (the Company) today announced the following personnel changes based on the resolution at a meeting of the Board of Directors held on February 4, 2020.

Key Points: 
  • KYOTO, Japan, Feb. 04, 2020 (GLOBE NEWSWIRE) -- Nidec Corporation (TSE: 6594; OTC US: NJDCY) (the Company) today announced the following personnel changes based on the resolution at a meeting of the Board of Directors held on February 4, 2020.
  • Further enhance the Companys management system to generate consolidated net sales of 10 trillion yen in the fiscal year ending March 31, 2031.
  • *Mr. Yoshimoto will assume the post of Executive General Manager of the Companys Appliance, Commercial & Industrial Motor Business Unit on March 1, 2020.
  • Brief personal history of Mr. Jun Seki, the newly appointed President and Chief Operating Officer, is as follows.

Mitsubishi Electric Announces Consolidated Financial Results for the First 9 Months and Third Quarter of Fiscal 2020

Monday, February 3, 2020 - 4:25am

In the U.S., the economy continued to grow due primarily to buoyant personal consumption, but the corporate sector slowed down mainly in capital expenditures.

Key Points: 
  • In the U.S., the economy continued to grow due primarily to buoyant personal consumption, but the corporate sector slowed down mainly in capital expenditures.
  • In addition, the economic recovery became slower in Japan and Europe, with Japan seeing a decrease in production and exports, and Europe experiencing a fall in production.
  • Under these circumstances, revenue for the first 9 months of fiscal 2020 remained substantially unchanged compared to the same period of the previous fiscal year, recording 3,250.1 billion yen.
  • Profit before income taxes decreased by 10% compared to the same period of the previous fiscal year to 198.7 billion yen.