Subscribe free to our newsletters via your
. Space Industry and Business News .




POLITICAL ECONOMY
Japan's Komatsu logs profit drop on weak China demand
by Staff Writers
Tokyo (AFP) Oct 30, 2012


Japan's top construction machinery maker Komatsu said Tuesday its net profit dropped 30.2 percent in the first six months to September, citing weak demand in China and the yen's strength against the euro.

Komatsu's April-September net profit came to 66.1 billion yen ($831 million). Operating profit fell 16.3 percent to 111.3 billion yen on a 5.6 percent decline in sales to 930.8 billion yen.

"Sluggish demand for construction machinery in China and a drop in demand for products related to coal mines in Indonesia" led to a slide in sales, while the strong yen against the euro ate into profit, it said.

For the full year to March, Komatsu kept its forecasts at 157 billion yen net profit and 262 billion yen operating profit on 1.97 trillion yen sales.

Japanese manufacturers with exposure to China have been hit by a row over the sovereignty of a chain of islands in the East China Sea.

Shipments to China tumbled 14.1 percent in September on-year amid the dispute and a broader economic slowdown there.

.


Related Links
The Economy






Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle








POLITICAL ECONOMY
Japan factory output tumbles ahead of BoJ meeting
Tokyo (AFP) Oct 30, 2012
Japan's factory output fell 4.1 percent last month, official data showed on Tuesday ahead of a central bank meeting expected to usher in more easing measures to stimulate the lumbering economy. The September month-on-month decline in industrial production was significantly worse than the 3.1 percent fall expected by the market, with a slump in production of cars, auto parts and machinery hel ... read more


POLITICAL ECONOMY
Russian chemists land on the island of stability

Head of iPhone software out in Apple shakeup

Safety glass - cut to any shape

Cost-effective titanium forming

POLITICAL ECONOMY
Completion of FCSA Demonstrates Shift In Government Thinking for SATCOM Procurement

Raytheon awarded contract from US Army to produce and upgrade airborne radios

ONR to Dial Up Faster Data for the Marines

$15M order for Harris tactical radios

POLITICAL ECONOMY
Launcher assembly begins for Arianespace's seventh Ariane 5 mission in 2012

Payload preparations begin for Arianespace's next Soyuz flight from French Guiana

SpaceX capsule completes successful first mission

S. Korea sets new window for rocket launch

POLITICAL ECONOMY
Telit Introduces LTE Module Expanding Automotive Product Line with 4G for North American and European Markets

China launches another satellite for independent navigation system

Trimble Adds Boom Height Control to its Field-IQ Crop Input Control System

New INRIX Traffic App for Android Provides Relief from Soaring Gas Prices

POLITICAL ECONOMY
Boeing Projects $820 Billion Market for 7,290 New Airplanes in North America

Bell Boeing Receives US Marine Corps Contract for V-22 Training Devices

Air China reports 16% drop in 3Q profit

China Southern 3Q profits tumble 29 percent

POLITICAL ECONOMY
Near-atomically flat silicon could help pave the way to new chemical sensors

Japan's Renesas books $1.18 bn quarterly loss

New finding could pave way to faster, smaller electronics

Quantum computing with recycled particles

POLITICAL ECONOMY
Satellite images tell tales of changing biodiversity

Google adds terrain to Maps as default

Rapid changes in the Earth's core: The magnetic field and gravity from a satellite perspective

Landsat Science Team to Help Guide Next Landsat Mission

POLITICAL ECONOMY
China protesters wary after chemical plant victory

EU takes Italy back to court over illegal landfills

New methods might drastically reduce the costs of investigating polluted sites

Pollution row strangles Italian steel giant ILVA




The content herein, unless otherwise known to be public domain, are Copyright 1995-2014 - Space Media Network. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement