Robust sales lift TDK's net
Article Abstract:
TDK Corp., a Japanese electronics-parts maker, was able to record a 3.6% increase in group net profit for the quarter ended Jun. 30, 1998, to 13.77 billion yen from 13.29 billion yen a year earlier behind a weak yen and strong sales in the US and Europe. However, group operating profit dropped 14% to 20.95 billion yen from 24.31 billion yen, while pretax profit rose 3.1% to 22.51 billion yen from 21.83 billion yen. Yoshihara Izumi, a senior analyst at Warburg Dillon Reed, said the company's ability to meet its full-year forecasts depend on whether it could revive its business in the second half of fiscal 1998, and how well sales of its giant magneto-resistive heads for hard disk drives performed.
Comment:
Is able to record 3.6% rise in group net profit for quarter the to 13.77 bil yen behind weak yen & strong sales in US & Europe
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 1998
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Building boom faces challenges in Japan: new hotels are popping up, posturing for eventual economic recovery
Article Abstract:
The Le Meridien Grand Pacific Tokyo opened a hotel in the commercial development area by the Tokyo Bay in Japan which demonstrated a hotel boom in the region in spite of the Asian economic crisis. The increased activity in the hotel construction industry was attributed to the low interest rates and construction costs, coupled with the planning process that transpired prior to the advent of the recession. To counteract the crisis effect, hotels offered alternative services such as room rate discounts and package programs.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 1999
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Analysts wary of JAL despite possible bid; airline faces difficulties in its core business and increasing competition
Article Abstract:
Analysts are still wary of the performance of Japan Airlines' (JAL) stocks despite their impressive performance in 1999. They claim that the core airline business of the firm is still experiencing difficulties and that competition is bound to accelerate in the future. This, despite the enthusiasm and the upward trend for the stock which is attributable to the news that JAL's largest individual shareholder, Eitaro Itoyama, is about to launch a hostile takeover bid for the airline.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 1999
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