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Sharp warns for weaker FY results

2015-01-19 12:09:00| Telecompaper Headlines

(Telecompaper) Sharp has confirmed it expects to report annual results below its previous outlook. Following a report in the Nikkei, the company said results for the fiscal year to March 2015 will fall short of its forecast issued in Octover 2014, due to lower profitability in Japan due to the fluctuations in yen rates and tougher market conditions, such as increased competition in the LCD business. Sharp said it's working on a new forecast and will provide more details once the process is completed. The company will announce results for the fiscal third quarter on 03 February. In October, Sharp forecast annual sales to fall around 1 percent to JPY 2.9 trillion, operating profit down 8 percent to JPY 100 billion and a strong improvement in net profit to JPY 30 billion.

Tags: results sharp weaker warns

Japan shares rally on weaker yen

2015-01-15 09:58:07| BBC News | Business | UK Edition

Shares in Japan post their biggest daily gain in four weeks on Thursday as the yen fell against the dollar

Tags: japan shares rally yen

Weaker national currency to boost profit margins for local wafer foundries

2015-01-05 00:46:19| Semiconductors - Topix.net

Taiwanese wafer foundries are expected to see their profitability rise on the rapid depreciation of the Taiwan dollar against the U.S. dollar over recent months. As major operators, Taiwan Semiconductor Manufacturing Co.

Tags: local national profit currency

Hasbro Shares Tumble as Analysts See Weaker Holiday Toy Sales

2014-12-20 02:23:00| Toys - Topix.net

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Tags: sales holiday shares toy