AccessMyLibrary provides FREE access to over 30 million articles from top publications available through your library.
Create a link to this page
Copy and paste this link tag into your Web page or blog:
JAPAN'S HITACHI PREDICTS US$3.59 BLN GROUP NET LOSS.
TOKYO, March 1 Asia Pulse - Hitachi Ltd (TSE:6501) expects to post a consolidated net loss of 480 billion yen ($US3.59 billion) for the fiscal year through March, compared with a profit of 104.4 billion yen a year earlier, the company said Thursday. The firm previously projected a loss of 230 billion yen.
The expanded loss is attributed to increased nonoperating expenses. Hitachi will post restructuring costs of 280 billion yen, 170 billion yen more than earlier projected, which comprises 146 billion yen in special retirement allowances associated with personnel cuts and 134 billion yen in costs related to restructuring, including plant consolidation. The company will also book 84 billion yen in appraisal losses on bank shares and other securities.
Hitachi will trim 20,930 jobs on a consolidated basis, and will implement additional restructuring measures, including spinning off display operations.
Hitachi will skip a dividend for the second half, leaving its annual dividend at 3 yen per share, paid for the first half, the lowest level since it was listed in 1949.
The company will cut executive ...
- Japan Supermarket Operator Seiyu's Group Net Loss Shrinks to 8.43 Billion Yen.
- Newspaper article from: Knight Ridder/Tribune Business News October 14, 2003 700+ words
...said Tuesday its group net loss shrank to 8.43 billion yen in the fiscal first half...company forecasts a group net loss of 10 billion yen and a group pretax profit...Seiyu posted a group net loss of 90.84 billion yen and a group pretax profit...
- Japanese Chemical Firm Incurs 66.79 Billion Yen Net Loss in FY 2002.
- News wire article from: Knight Ridder/Tribune Business News May 9, 2003 700+ words
...Corp. said Friday it incurred a group net loss of 66.79 billion yen for the year ended March 31, the first...a group net profit of 5.18 billion yen the previous year. Net loss per share was 47.63 yen against a profit of 3.61 yen per share...
- Sumitomo Mitsui Financial Posts Group Net Loss of 465 Billion Yen.
- News wire article from: Knight Ridder/Tribune Business News May 26, 2003 700+ words
...Monday it incurred a group net loss of 465.36 billion yen in the year to March 31 due...revenues of 3,506.39 billion yen. Net loss per share stood at 84,324...slightly from 1,186.5 billion yen. Net loss per share came to 10,429...
- Trader Sojitz posts 241 billion yen net loss for FY 2004 first half.
- Newspaper article from: Kyodo News International (Tokyo, Japan) November 16, 2004 700+ words
...to 2,254.22 billion yen. Per-share net loss came to 1,119.40 yen...company expects a group net loss of 380 billion yen and pretax profit of 50...with the previous year's net loss of 33.61 billion yen, pretax profit of 48...
- Sapporo Breweries' Parent Incurs First-Half Net Loss of 13 Billion Yen.
- Newspaper article from: Kyodo News International (Tokyo, Japan) (via Knight-Ridder/Tribune Business News) August 8, 2003 700+ words
...reported Friday a group net loss of 13.36 billion yen for the fiscal first half...year-before per-share net loss was 18.57 yen. Pretax loss for the January...Previously, it expected a group net loss of 8.4 billion yen and a pretax loss of 4...
- Sumitomo Mitsui expects 240 bil. yen net loss in FY 2004.
- News wire article from: Knight Ridder/Tribune Business News February 28, 2005 700+ words
...the red with a group net loss of 240 billion yen in the business year...an unconsolidated net loss of 130 billion yen in fiscal 2004, a...forecast of 250 billion yen in profit, the parent...the projected group net loss will pull down its...
- Japanese Financial Firm Incurs 161 Billion Yen Group Net Loss in FY 2002.
- News wire article from: Knight Ridder/Tribune Business News May 26, 2003 700+ words
...incurred a group net loss of 161.50 billion yen in the year to March...charges. The group net loss worsened from the...152.32 billion yen, said the holding...umbrella. Per-share net loss was 30,238.64 yen against a year...
- Mitsubishi Materials Corp. Reduces Net Loss to 27 Billion Yen on Cost Cuts.
- Newspaper article from: Kyodo News International (Tokyo, Japan) (via Knight-Ridder/Tribune Business News) May 15, 2003 700+ words
...it slashed group net loss in the year ended...26.85 billion yen from the previous...company blamed the net loss chiefly on extraordinary...57.83 billion yen, including an appraisal...said. Per-share net loss came to 23.88 yen, an improvement...
- McDonald's Japan books 545 million yen net loss on impairment loss.
- Newspaper article from: Kyodo News International (Tokyo, Japan) August 2, 2006 700+ words
...it booked a group net loss of 545 million yen in the first half...to 170.60 billion yen. The hamburger restaurant chain blamed the net loss on a special loss...Per-share group net loss came to 4.10 yen as compared with a...
- Japanese Farm-Equipment Maker Incurs 8 Billion Yen Group Net Loss.
- Newspaper article from: Kyodo News International (Tokyo, Japan) (via Knight-Ridder/Tribune Business News) May 22, 2003 700+ words
...incurred a group net loss of 8.00 billion yen for the business...of 9.53 billion yen the previous year. Kubota blamed the net loss chiefly on a 24...by a subsidiary. Net loss per share was 5.84 yen, compared with the...
Source: HighBeam Research, JAPAN'S HITACHI PREDICTS US$3.59 BLN GROUP NET LOSS.