Printer Friendly
The Free Library
23,403,340 articles and books


Mitsubishi Electric lowers profit forecast

Japan's Mitsubishi Electric Mitsubishi Electric Corporation (三菱電機株式会社   on Thursday lowered its net profit forecast for the current financial year as the worsening wors·en  
tr. & intr.v. wors·ened, wors·en·ing, wors·ens
To make or become worse.

Noun 1. worsening - process of changing to an inferior state
decline in quality, deterioration, declension
 global economy erodes demand for its products.

The company, which makes mobile telephones, liquid crystal displays liquid crystal display (LCD)

Optoelectronic device used in displays for watches, calculators, notebook computers, and other electronic devices. Current passed through specific portions of the liquid crystal solution causes the crystals to align, blocking the passage of light.
 and industrial machinery, expects a 24 percent drop in net profit to 120 billion yen (1.22 billion dollars) for the year through March 2009.

It had previously predicted a profit of 158 billion yen.

The company said the global economic slowdown was expected to become more severe, affecting its major businesses.

In the quarter to September, net profit slumped 46.2 percent to 24.2 billion yen as its affiliates performed badly. Operating profit Operating profit (or loss)

Revenue from a firm's regular activities less costs and expenses and before income deductions.


operating profit

See operating income.
 rose four percent to 65.9 billion yen, on almost steady revenue of 1.02 trillion yen.
Copyright 2008 AFP Asian Edition
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright (c) Mochila, Inc.

 Reader Opinion

Title:

Comment:



 

Article Details
Printer friendly Cite/link Email Feedback
Author:AFP
Publication:AFP Asian Edition
Date:Oct 30, 2008
Words:121
Previous Article:Hong Kong luxury flat sells at less than half its asking price: report
Next Article:Credit crisis delays IPO for Bangladesh's Grameenphone



Related Articles
Mitsubishi Makes Second Annual Loss.
Mitsubishi Motors Announces Results for Third Quarter Fiscal 2005.
Mitsubishi Motors Announces FY2007 First Half Financial Results and Forecasts for the Full Year.
Mitsubishi Motors Announces First Quarter Fiscal 2008 Results.
Mitsubishi Motors Announces 1H 2008 First Half Financial Results and Forecasts for the Full Year.
Mitsubishi Motors Announces 3Q FY2008 Financial Results & Full-year Forecasts.
Japan's Mazda, Mitsubishi Motors cut forecasts on crisis

Terms of use | Copyright © 2014 Farlex, Inc. | Feedback | For webmasters