Stronger yen clips Toyota&#39;s profit
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No. 1 Japanese automaker posts drop in 3Q earnings, but boosts forecast for global sales in 2004. TOKYO  - Toyota Motor Corp.
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By JOSEPH COLEMAN  TOKYO - Japan's beleaguered Mitsubishi Motors Corp. reported its first quarterly profit since 2004 as the weaker yen lifted earnings in the October-December period.
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The company said quarterly net profit jumped to 73.7 billion yen, or $646.7 million, as sales of digital cameras, televisions and other electronics more than offset losses at its video-games unit.
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Japanese stocks rebounded from earlier losses to end moderately higher on Thursday, helped by the weakening of the yen.
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Toyota Motor Corporation, the world&#39;s second-largest carmaker, had an unexpected drop in quarterly profit as investment earnings declined at a truckmaking unit and a stronger yen cut the value of overseas sales.
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Toyota Motor Corp., Japan&#39;s biggest automaker, reported earnings slipped in the second fiscal quarter but posted a record profit for the first fiscal half as sales growth in North America, Europe and Japan offset losses from an unfavorable exchange rate.
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TOKYO Toyota Motor reported on Monday that its profit slipped 1.5 percent in the most recent quarter as the damage from a falling dollar offset strong gains in global vehicle sales.
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The yen extended gains on Tuesday,   riding to a two-week high against the dollar on economic   optimism, while trading in Asian shares was mostly listless   after the Labor Day holiday in the United States.
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TOKYO Nintendo, the world&#39;s biggest maker of hand-held game machines, said Monday that first-half profit was nearly twice as high as it had forecast as a weaker yen lifted the value of US assets.
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Japanese car giant Toyota reports a 7.5% rise in quarterly profits due to rising demand in places like China.
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Toyota Motor Corp., the world&#39;s second- largest carmaker, had an unexpected drop in quarterly profit as investment earnings at its truck making unit fell and a stronger yen cut the value of overseas sales.
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The yen firmed against the dollar on Friday, after dipping on a surprise rise in Japan's unemployment rate, as investors grew cautious ahead of U.S. growth data and a speech by the Federal Reserve chief.
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The yen extended gains on Tuesday,   riding to a two-week high against the dollar on economic   optimism, while trading on Asia's stock markets was muted after   the Labor Day holiday in the United States.
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The yen edged up on Tuesday as rising  share prices and glowing capital spending figures boosted  optimism about the outlook for Japan's economy.
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Toyota Motor Corp.  posted a near-20 percent rise in quarterly profit on Tuesday on brisk sales in North America and Europe, but kept its full-year forecasts unchanged -- though still on course for an eighth straight year of record earnings.
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The yen edged up against the dollar on  Thursday on lower oil prices, but gains were stemmed as  investors refrained from taking fresh positions ahead of the  Bank of Japan's corporate sentiment survey due on Friday.
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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.