Tag Archives: Annual

Panasonic Forecasts Record $10 Billion Annual Loss

Japan’s Panasonic forecast a record net annual loss of $ 10.2 billion on Friday, joining beleaguered rival Sony Corp in a sea of red ink, both struggling to fix their broken TV businesses and overcome criticism that they have lost … Continue reading

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Nippon Steel Cuts Annual Outlook by One-Third

Nippon Steel, the world’s No.4 steelmaker, booked a 44 percent decline in quarterly profit on Friday as exports tumbled and prices sagged due to a supply glut, prompting it to cut its annual outlook by one-third.  CNBC Asia Top News … Continue reading

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China 2011 Car Sales Gains at Slowest Annual Pace

Car sales in China climbed 5.2 percent in 2011, the slowest pace since the nation’s car culture took off at the turn of the century, as consumers shunned local brands after Beijing scrapped tax incentives for small cars. CNBC Asia … Continue reading

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Japan Chipmaker Renesas Posts $1.4 Billion Annual Loss

Japan’s Renesas Electronics, a major supplier of semiconductor chips to the auto industry, posted a 115 billion yen ($ 1.4 billion) annual net loss and declined to provide a forecast for the current financial year, after the March earthquake damaged … Continue reading

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