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COPYRIGHT 2006 Asia Pulse Pty Ltd
Business in Asia on March 29, 2006. A summary prepared by Asia Pulse (http://www.asiapulse.com), the real-time, Asia-based wire with exclusive news, market intelligence and business opportunities:
NIKKO CORDIAL TO HIKE PROPRIETARY INVESTMENT BY 70% VIA TIE-UPS
TOKYO - The Nikko Cordial Corp. (TSE:8603) group plans to bolster investment of its own capital by about 70 per cent over the next two years, tapping alliances with overseas private equity funds. The expansion will lift the balance of Nikko Cordial's proprietary investment from 309.6 billion yen (US$2.65 billion) as of the end of 2005 to around 500 billion yen. With shareholder equity exceeding 800 billion yen on a consolidated basis, the group has judged that it can afford to expose itself to greater financial risk.
MITSUBISHI ELECTRIC EYES US$856 FY06 NET PROFIT
TOKYO - Mitsubishi Electric Corp. (TSE:6503) expects its group net profit to increase 8 per cent to about 100 billion yen (US$856 million) for the year ending March 2007, reaching this threshold for the first time since fiscal 2000, the peak year of the information technology...
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