Hitachi Profit Plunges
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Hitachi Ltd., Japan's largest electronics  conglomerate, said on Wednesday its quarterly profit fell  nearly by half due to price falls in plasma TVs and other  electronics goods, and cut its full-year outlook.
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Japanese electronics group Toshiba Corp  posted a worse-than-expected 25 percent drop in quarterly operating profit after tumbling flash memory chip prices ate into margins.
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A steeper-then-expected drop in the   U.S. housing market pushed Lennar Corp.'s LEN.N quarterly   profit down 39 percent and prompted the home builder on Tuesday   to slash its fourth-quarter forecast.
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NTT DoCoMo Inc. (9437.T), Japan's top  mobile phone operator, said on Wednesday its operating profit  fell 2.4 percent in the nine months to December after it lost  subscribers to rivals but maintained its annual forecast.
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China's largest computer maker Lenovo Group has reported a sharp fall in profit for the first quarter as it struggles to recover from the loss-making PC business it bought from IBM.
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Acer Inc., Taiwan's top personal computer maker, said its net profit for the first three quarters to September fell 34.8 percent to 3.83 billion Taiwan dollars (114 million US).
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The Nikkei average fell one percent by  midsession on Friday as makers of heavy machinery and other  cyclical shares fell after the government surprised the market  by revising down economic growth data.
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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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U.S. oil and gas producer XTO Energy  Inc.  on Tuesday said its fourth-quarter profit fell as  lower natural gas prices weighed on results.
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Nissan Motor Co. reported a  bigger-than-expected 23 percent fall in quarterly net profit on  Friday, hurt by a sluggish recovery in U.S. sales, and lowered  its full-year forecasts despite a weaker yen.
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NTT DoCoMo Inc  booked a 35 percent gain in quarterly profit as marketing costs dropped, but falling revenues showed the pain of a price war as Japan's biggest mobile phone operator lost ground to nimbler rivals.
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Weak home and hardware sales drive lower fourth-quarter profits.
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Nissan Motor Co. , Japan's third-largest automaker, posted a 3.2 percent drop in quarterly operating profit as a worsening product mix favoring smaller, cheaper cars hit margins, and kept its full-year forecasts unchanged despite the weaker yen.
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Hitachi, Japan's biggest electronics conglomerate, has not posted a profit in its hard disk drive (HDD) business in any year since buying it from IBM for $2 billion in 2002.
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Apparel retailer Talbots Inc.  said on Wednesday that quarterly net profit fell, hurt by heavy markdowns and declining sales at its flagship Talbots chain.
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Nippon Telegraph and Telephone Corp., Japan's top telecommunications company, reported a 21.8 percent drop in profit for the April-December period Monday due to declines in voice and fixed-line operations.
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Falling prices of flat-panel displays hit revenues and profits at Fujitsu, the Japanese electronics company.