(屮゜Д゜)屮クレクレ英字新聞
Listed companies to return to profit in April-June quarter
Total pretax profits for the April-June quarter posted by companies listed on the First Section of the Tokyo Stock Exchange, excluding financial firms, are set to return to the black for the first time in two quarters, according to a securities company tally.
The increased profits are attributable to economic growth in China and other emerging countries and cost-cutting efforts, particularly by manufacturing firms.
Many of the listed companies incurred losses amid the global financial crisis in the previous January-March quarter. However, the companies appear to have emerged from the worst of the economic downturn after having hit bottom.
The April-June quarter's earnings season peaked Friday. Nikko Cordial Securities Inc. tallied earnings figures released as of Thursday by 883 companies, about 70 percent of the total.
According to the tally, the companies posted a total of 1.763 trillion yen in pretax profits for the April-June quarter. In the previous quarter, the combined pretax profits of companies listed on the Tokyo bourse's main section fell into the red for the first time since the practice of quarter-based earnings started in full in the April-June 2006 quarter.
Although the posted losses remained hefty at 3.515 trillion yen in the January-March quarter, the companies managed to return to the black.
Among all the 29 industries covered in the First Section, 24, such as auto and electronics, increased profits, returned to profitability or reduced losses. About 140 companies, or about 16 percent of the total, posted losses in the previous quarter but were back to profit for the April-June quarter.
Recovery of exports to China and other countries and the government's stimulus measures apparently helped improve performances of companies in some industries.
Meanwhile, total sales for companies on the First Section in the April-June quarter came to 93.576 trillion yen, down 10.3 percent from the previous quarter, indicating that companies have managed to make profits through restructuring efforts such as cutting costs and personnel.
Total pretax profits for the April-June quarter posted by companies listed on the First Section of the Tokyo Stock Exchange, excluding financial firms, are set to return to the black for the first time in two quarters, according to a securities company tally.
The increased profits are attributable to economic growth in China and other emerging countries and cost-cutting efforts, particularly by manufacturing firms.
Many of the listed companies incurred losses amid the global financial crisis in the previous January-March quarter. However, the companies appear to have emerged from the worst of the economic downturn after having hit bottom.
The April-June quarter's earnings season peaked Friday. Nikko Cordial Securities Inc. tallied earnings figures released as of Thursday by 883 companies, about 70 percent of the total.
According to the tally, the companies posted a total of 1.763 trillion yen in pretax profits for the April-June quarter. In the previous quarter, the combined pretax profits of companies listed on the Tokyo bourse's main section fell into the red for the first time since the practice of quarter-based earnings started in full in the April-June 2006 quarter.
Although the posted losses remained hefty at 3.515 trillion yen in the January-March quarter, the companies managed to return to the black.
Among all the 29 industries covered in the First Section, 24, such as auto and electronics, increased profits, returned to profitability or reduced losses. About 140 companies, or about 16 percent of the total, posted losses in the previous quarter but were back to profit for the April-June quarter.
Recovery of exports to China and other countries and the government's stimulus measures apparently helped improve performances of companies in some industries.
Meanwhile, total sales for companies on the First Section in the April-June quarter came to 93.576 trillion yen, down 10.3 percent from the previous quarter, indicating that companies have managed to make profits through restructuring efforts such as cutting costs and personnel.
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