"Reuters" : Panasonic first quarter profit up 17 percent; expects profit from Tesla's Model 3 batteries by year-end
Panasonic said April-June profit rose to 83.93 billion yen ($758.93 million) from 71.81 billion yen a year earlier. The firm maintained its 335 billion yen operating profit forecast for the year ending March, versus the 344.23 billion yen average of 17 analyst estimates. In the same quarter, in June, Panasonic began battery cell production for Tesla Inc's mass-market Model 3 electric vehicle at their $5 billion "Gigafactory". That compared with the 86.14 billion yen average of 9 analyst estimates in a poll by Thomson Reuters I/B/E/S. A man is seen next to Panasonic Corp's logo at Panasonic Center in Tokyo, Japan, February 2, 2017.
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3 automaker came in at 269.2 billion yen ($2.44 billion) in April-June, up from 266.84 billion yen a year ago and above estimates for 230.43 billion from seven analysts polled by Thomson Reuters I/B/E/S. Operating profit at Japan's No. Honda raised its forecast for full-year operating profit to 725 billion yen, from a previous forecast of 705 billion yen, as it expects a smaller negative currency impact. It now expects the U.S. dollar to average around 107 yen through March, from a previous forecast of 105 yen. The logo of Honda is pictured at the 38th Bangkok International Motor Show in Bangkok, Thailand March 28, 2017.
Profit increased 2.8 times to 157.61 billion yen ($1.43 billion) in April-June, exceeding the previous first-quarter record of 121.3 billion yen set in 2007. The firm maintained its profit forecast of 500 billion yen for the year ending March. The result compared with a Thomson Reuters Starmine SmartEstimate of 129.14 billion yen drawn from 10 analyst views. Logos of SonyCorp are seen at an electronics store in Narita International airport in Narita, Japan, November 1, 2016. TOKYO (Reuters) - Japan's Sony Corp on Tuesday reported its highest-ever first-quarter operating profit, taking the electronics giant one step toward its highest annual profit in two decades on the back of solid sales of image sensors.
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Japan's Honda posts stronger-than-expected first quarter operating profit
3 automaker came in at 269.2 billion yen ($2.44 billion) in April-June, up from 266.84 billion yen a year ago and above estimates for 230.43 billion from seven analysts polled by Thomson Reuters I/B/E/S. Operating profit at Japan's No. Honda raised its forecast for full-year operating profit to 725 billion yen, from a previous forecast of 705 billion yen, as it expects a smaller negative currency impact. It now expects the U.S. dollar to average around 107 yen through March, from a previous forecast of 105 yen. The logo of Honda is pictured at the 38th Bangkok International Motor Show in Bangkok, Thailand March 28, 2017.
Sony's sets record with three-fold jump in first quarter operating profit
Profit increased 2.8 times to 157.61 billion yen ($1.43 billion) in April-June, exceeding the previous first-quarter record of 121.3 billion yen set in 2007. The firm maintained its profit forecast of 500 billion yen for the year ending March. The result compared with a Thomson Reuters Starmine SmartEstimate of 129.14 billion yen drawn from 10 analyst views. Logos of SonyCorp are seen at an electronics store in Narita International airport in Narita, Japan, November 1, 2016. TOKYO (Reuters) - Japan's Sony Corp on Tuesday reported its highest-ever first-quarter operating profit, taking the electronics giant one step toward its highest annual profit in two decades on the back of solid sales of image sensors.
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