Hitachi Group Net Profit Surges on Sales
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Hitachi Ltd., a Japanese electronics company, reported Friday that its group net profit surged nearly eight-fold for the first fiscal half as sales grew on solid global demand for digital home products.
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Japanese electronics maker Hitachi said its net profit rose more than sevenfold to 41.2 billion yen (390 million dollars) in the first half on strong sales of IT and digital electronics products.
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The companyâs third-quarter profit beat expectations, lifted by an extra week of holiday shopping and sales of video game consoles and GPS devices.
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Deere & Co. , the world's largest maker of agricultural and building equipment, reported higher quarterly profit on Wednesday as strong sales to farmers and foresters more than offset a decline in sales to builders.
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The company said first-quarter profit rose 14 percent on strong sales growth across nearly all regions.
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The company reported profit of $5.83 billion for the year as demand for its upscale sedans and SUVs led to a surge in sales.
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Hewlett-Packard (HP) has reported better than expected quarterly results helped by strong international sales.
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Japanese electronics maker Hitachi said its profit surged in its third fiscal quarter as its power plant, hardware and telecommunications businesses recovered.
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By Kyodo News International, Tokyo  Feb. 8--TOKYO -- Mitsubishi Heavy Industries Ltd. said Thursday its group  net profit swelled 83.3 percent from a year earlier to 38.46 billion yen in  the April-December period on strong sales at its shipbuilding, power systems  and machinery divisions.
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Mitsubishi Electric Corp  on Monday posted a better-than-expected 38 percent rise in first-half operating profit, helped by strong sales of power systems and elevators to emerging nations, and it raised its full-year outlook by 17 percent.
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Defense contractor Northrop Grumman Corp  said on Wednesday third-quarter profit rose more than expected, helped by strong sales at its information technology and shipbuilding units.
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By Kyodo News International, Tokyo  Dec. 12--BEIJING -- Japan's electrical machinery giant Hitachi Ltd.  announced Tuesday a plan to boost its sales in China to $12 billion in fiscal  2010, up 1.7 times from its sales target for fiscal 2006 which ends next  March.
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Business software maker Oracle Corp. on Thursday said its fiscal fourth profit rose 27 percent on record revenue as sales surged across most of its business lines and geographic regions.
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Mitsubishi Electric Corp.  on Monday posted a better-than-expected 38 percent rise in first-half operating profit, helped by strong sales of factory equipment and power systems to emerging markets, and it raised its full-year outlook by 17 percent.
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Most major Japanese electronics makers reported improved earnings for the third quarter on Thursday as cost cutting pushed up profitability and demand surged for new digital products.
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Ketchup maker H.J. Heinz Co.   on Tuesday said quarterly profit soared nearly 90 percent,  helped by new products, increased marketing and improvement in  its international business.
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The South Korean consumer electronics and appliances company swung to a profit on strong sales of appliances and premium mobile phones.