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Honda cuts profit target as Takata air bag recalls bite

2015-01-30 09:34:43| Automakers - Topix.net

Japan's Honda Motor Co sliced 6.5 percent off its core annual profit forecast as it set aside hundreds of millions of dollars in extra cash to cover an extended car recall to replace potentially faulty air bags made by Takata Corp. Reporting its third-quarter earnings fell by nearly a quarter as it soaked up recall costs, Japan's third-largest automaker said it now expects an operating profit of 720 billion yen for the year to March 31. It previously forecast 770 billion yen, but has set aside an extra 50 billion yen to cover what it said were quality-related costs including the Takata air bag recalls.

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Nintendo halves annual profit target

2015-01-29 04:53:40| BBC News | Business | UK Edition

Nintendo's operating profit grew nearly 50% in the last quarter but it was not enough to keep the game-maker from slashing its full year target.

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UPDATE 1-SoftBank cuts FY profit target on Sprint woes; Q2 profit down 23 pct

2014-11-04 12:30:45| Telecom - Topix.net

SoftBank Corp, the Japanese mobile carrier with ambitious plans to grow overseas, slashed its profit forecast as Sprint Corp, the U.S. carrier it bought for $21.6 billion, continues to lose customers with no quick fix in sight. In a statement on Tuesday, SoftBank said it now expects an operating profit of 900 billion yen in the 12 months through March 2015, 10 percent down from the 1 trillion yen profit it previously estimated, citing Sprint's troubles.

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UPDATE 1-SoftBank cuts FY profit target on Sprint woes; Q2 profit down 23 pct

2014-11-04 11:54:11| IT Services - Topix.net

SoftBank Corp, the Japanese mobile carrier with ambitious plans to grow overseas, slashed its profit forecast as Sprint Corp, the U.S. carrier it bought for $21.6 billion, continues to lose customers with no quick fix in sight. In a statement on Tuesday, SoftBank said it now expects an operating profit of 900 billion yen in the 12 months through March 2015, 10 percent down from the 1 trillion yen profit it previously estimated, citing Sprint's troubles.

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Target says second-quarter profit trailed its forecast

2014-08-05 19:30:57| IT Services - Topix.net

Copyright i 1 2i 1 2i 1 2 2014 Bloomberg L.P. Bloomberg licenses the Beacon Journal Publishing Co, Inc. to recirculate and re-publish Bloomberg Business News stories as part of our production and publication.

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