Mitsubishi Elec nudges up annual profit outlook
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Mitsubishi Electric Corp. 6503.T, a   major Japanese electronics conglomerate, nudged up its annual   profit outlook on strong sales of factory automation systems,   but the forecast fell short of market expectations.
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By Kyodo News International, Tokyo  Feb. 1--TOKYO -- Matsushita Electric Industrial Co. revised upward  Thursday its earnings forecast for the current business year on brisk sales of  flat-panel TVs, saying its group sales are now expected to hit an all-time  high of 9 trillion yen.
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The automaker predicts better profits in 2005.
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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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Japanese carmaker Nissan sees rising global car sales offset growing material costs and energy bills
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Mitsubishi Motors makes a net profit in the last three months of 2006 despite a fall in vehicle sales.
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General Electric Co. expects earnings  per share to grow between 10 percent and 15 percent in 2005,  boosted by strong energy and financial businesses, the  diversified manufacturing and services company said on Tuesday.
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The oilfield services provider said fourth-quarter profit rose almost 5 percent from a year ago, helped by growing business in the Eastern Hemisphere.
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However, the decline is not as bad as analysts had expected, and the company raises its profit outlook. By Todd Zaun. TOKYO -- The Honda Motor Co.
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Automaker posts third-quarter net income up 7.5%, but strengthening yen and discouraging outlook for U.S. economy temper sales forecasts for the year to come.
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Nissan Motor Co, Japan's third-biggest  automaker, reported a 16 percent rise in quarterly profit on  Friday, helped by the popularity of vehicles such as the Rogue  and Qashqai SUVs, and stuck to its forecast for a small gain  for the full year.
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The company reported strong second-quarter results and said its profits for all of 2007 would beat analystsâ expectations.
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Japanese stocks edged up by Wednesday  afternoon, led by gains in firms like Mitsubishi Electric  Corp., as solid earnings at some U.S. technology companies  soothed worries about the sector's outlook.
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Honda Motor Co  posted a forecast-beating 63 percent rise in quarterly profits and raised its full-year net profit forecast as strong sales of its new CR-V crossover and Accord sedan made up for higher raw materials costs.
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General Electric Co  on Friday posted a 4 percent rise in net profit, which met Wall Street expectations, driven by strong demand for heavy equipment such as jet engines and electricity-producing turbines.
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Power company Edison International  said on Wednesday its quarterly earnings rose, helped by higher revenue from its utility arm and higher income from its Edison Capital unit.
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General Electric Co. said Friday its fourth-quarter profit rose 4 percent on strong global demand, and it reaffirmed its outlook for fiscal 2008.