Japanese Yen Spot

07 Aug

Sony Raises Outlook After Music, Software Help Earnings Beat

stp2y0 CommentsRAG modelsEarnings, entertainment, IMPACTIV INC/GA, Japanese Yen Spot, JULY SARL/CAEN, smartphone, software, SONY GROUP CORP, Streaming Services, Technology, XIAOMI CORP-CLASS B

Sony Group Corp. raised its forecast for revenue and profit in the fiscal year to March after a successful quarter for its music and gaming software divisions.The Japanese entertainment giant said its operating profit during the three months ended June was ¥279.1 billion ($1.9 billion), beating the consensus estimate of ¥273.9 billion and the year-earlier profit of ¥253 billion. Sales for the fiscal year are now expected to come in at ¥12.6 trillion, with ¥1.3 trillion yen in operating profit, both slightly raised. Source link lol

06 Aug

Mitsubishi Heavy Shares Soar as Turbine Engine Sales Help Profit

stp2y0 CommentsRAG modelsAsia, BRICS, china, Emerging Markets, Hisato Kozawa, Industrials, Japanese Yen Spot, Markets, MITSUBISHI HEAVY INDUSTRIES, science, Technology

Mitsubishi Heavy Industries Ltd. shares jumped the most on record after the manufacturing conglomerate posted a 61% increase in quarterly profit, helped by strong sales of gas turbine engines.The Japanese company reported a business profit of ¥83.5 billion ($572 million) for the three months ended June 30, according to a statement Tuesday, after selling six large-scale gas turbines in the US and Asia. That beat analyst estimates of ¥57 billion. Net sales were ¥1.1 trillion, slightly higher than what the market was looking for. Source link lol