Sony hikes FY profit forecast by 4.5% on foreign exchange boost
Sony Group Corp hiked its full-year operating profit forecast on Tuesday by 4.5% to 1.16 trillion yen ($7.84 billion) as the boost from foreign exchange fluctuations at units including the music business offset gaming weakness.
Foreigners turn net buyers of Japanese stocks in week to May 6
Foreign investors were net buyers of Japanese stocks in the week ended May 6 as some investors scooped up shares in banking and commodity-related sectors, despite a sell-off in broader Asian markets.
Japanese investors dump overseas bonds in February
Japanese investors in February sold the most overseas debt in a month in nearly two years on concerns over monetary tightening by the world’s major central banks and an escalation in Russia-Ukraine conflict.
Panasonic to begin mass producing new Tesla battery by end-March 2024
Panasonic Corp (6752.T) said on Monday it will begin mass production of a new lithium-ion battery for Tesla Inc (TSLA.O) before the end of March 2024 at a plant in Japan.
Panasonic’s Q3 profit slides as material costs rise and appliance sales fall
Japan’s Panasonic Corp (6752.T) on Wednesday posted a larger-than-expected 44% slide in third-quarter operating profit, hit hard by rising costs for raw materials, component shortages and a drop in domestic sales for appliances.
Japan’s ANA surprises with small Q3 operating profit but keeps FY loss guidance
ANA Holdings Inc (9202.T) surprised with a small third-quarter operating profit on Tuesday but Japan’s biggest airline still expects a loss for the year, indicating a worse-than-expected fourth quarter as the Omicron variant spreads.
