Latest news with #operating profit
NHK
2 days ago
- Automotive
- NHK
Toyota cuts forecast for full-year profit
Toyota Motor says US tariff increases would shave almost 10 billion dollars off operating profit for the current fiscal year. Japan's biggest automaker also said operating profit will probably be 3.2 trillion yen, or about 22 billion dollars, in the year ending March, compared with the previous projection for 3.8 trillion yen, or 26 billion dollars. Toyota announced the worsening outlook after reporting profit fell in the April-to-June quarter. Operating profit dropped 10.9 percent in the period from a year earlier. Sales jumped to a record of more than 12 trillion yen or 83 billion dollars for the quarter.
Reuters
2 days ago
- Business
- Reuters
Sony hikes profit forecast seeing smaller tariff impact
TOKYO, Aug 7 (Reuters) - Sony (6758.T), opens new tab raised its full-year operating profit forecast on Thursday by 4% to 1.33 trillion yen ($9.01 billion), citing expectations of a smaller impact from U.S. President Donald Trump's tariffs. Sony sees a tariff impact of 70 billion yen, compared to 100 billion yen forecast in May. It said the estimated impact is based on tariff rates as of August 1 and that the situation remained fluid. Japanese companies have been adjusting their expectations of the hit from tariffs as countries strike trade deals with the U.S. including Japan last month. "There are still some fluid aspects, such as product specific tariffs," said Chief Financial Officer Lin Tao at an earnings briefing. The company expects uncertainty in the business environment such as additional U.S. tariffs will have greater impact from the second quarter onwards. Sony said it sees a stronger profit outlook at its games business, boosted by sales of network services and favourable exchange rates. Once known as a maker of household electronics such as the "Walkman" portable cassette player, Sony has become an entertainment behemoth spanning games, movies and music as well as a leading maker of image sensors for smartphones. The conglomerate reported a 36.5% rise in operating profit to 340 billion yen for the April-June quarter, beating the 288 billion yen average of eight analyst estimates compiled by LSEG. Shares in Sony, which announced results during the midday trading break, jumped 4%. The stock has gained around 15% year-to-date. Sony sold 2.5 million PlayStation 5 game consoles in the first quarter, a 4% rise compared to the same period a year earlier. "Death Stranding 2: On The Beach," launched in June to positive reviews with "Ghost of Yotei" due for release in October. Quarterly operating profit at the games business more than doubled to 148 billion yen due to higher sales of network services and games not made by Sony. The console industry was expected to receive a boost this year from the launch of "Grand Theft VI" but the latest addition to the popular series has been delayed to 2026. Nintendo (7974.T), opens new tab, which is seen as a potential beneficiary of GTA 6's delay, last week reported robust early demand for its new Switch 2 gaming device. Elsewhere at the conglomerate, Sony is preparing to cut its stake in its financial unit to less than 20% through a partial spin-off, with the business to list in Tokyo on September 29. ($1 = 147.5700 yen)
CNA
2 days ago
- Business
- CNA
Sony hikes profit forecast seeing smaller tariff impact
TOKYO :Sony raised its full-year operating profit forecast on Thursday by 4 per cent to 1.33 trillion yen ($9.01 billion), citing expectations of a smaller impact from U.S. President Donald Trump's tariffs. Sony sees a tariff impact of 70 billion yen, compared to 100 billion yen forecast in May. It said the estimated impact is based on tariff rates as of August 1 and that the situation remained fluid. Japanese companies have been adjusting their expectations of the hit from tariffs as countries strike trade deals with the U.S. including Japan last month. "There are still some fluid aspects, such as product specific tariffs," said Chief Financial Officer Lin Tao at an earnings briefing. The company expects uncertainty in the business environment such as additional U.S. tariffs will have greater impact from the second quarter onwards. Sony said it sees a stronger profit outlook at its games business, boosted by sales of network services and favourable exchange rates. Once known as a maker of household electronics such as the "Walkman" portable cassette player, Sony has become an entertainment behemoth spanning games, movies and music as well as a leading maker of image sensors for smartphones. The conglomerate reported a 36.5 per cent rise in operating profit to 340 billion yen for the April-June quarter, beating the 288 billion yen average of eight analyst estimates compiled by LSEG. Shares in Sony, which announced results during the midday trading break, jumped 4 per cent. The stock has gained around 15 per cent year-to-date. Sony sold 2.5 million PlayStation 5 game consoles in the first quarter, a 4 per cent rise compared to the same period a year earlier. "Death Stranding 2: On The Beach," launched in June to positive reviews with "Ghost of Yotei" due for release in October. Quarterly operating profit at the games business more than doubled to 148 billion yen due to higher sales of network services and games not made by Sony. The console industry was expected to receive a boost this year from the launch of "Grand Theft VI" but the latest addition to the popular series has been delayed to 2026. Nintendo, which is seen as a potential beneficiary of GTA 6's delay, last week reported robust early demand for its new Switch 2 gaming device. Elsewhere at the conglomerate, Sony is preparing to cut its stake in its financial unit to less than 20 per cent through a partial spin-off, with the business to list in Tokyo on September 29. ($1 = 147.5700 yen)
Yahoo
2 days ago
- Business
- Yahoo
Zurich Insurance posts 6% rise in operating profit
(Reuters) -Zurich Insurance reported a 6% rise in first half operating profit on Thursday as individuals and businesses continued spending on insurance policies amid concerns over severe weather-related catastrophes. Europe's third-largest insurer by market cap said its operating profit was $4.2 billion in the first six months of 2025, slightly above analysts' average estimate of $4.14 billion in a company-provided consensus. At its core property and casualty (P&C), accounting for roughly half of the firm's earnings, operating profit grew 9% year-on-year, beating analysts's expectations. Sign in to access your portfolio
Bloomberg
2 days ago
- Business
- Bloomberg
Rheinmetall Maintains Outlook With Raft of New Orders Awaited
German defense company Rheinmetall AG recorded operating profit of €475 million in the first half of 2025, missing the average analyst estimate, as orders from increased German and broader European defense spending have yet to materialize. The company also kept its outlook steady, anticipating a sales increase of 25% to 30% and an operating margin of about 15.5% in full-year 2025. It said it would update its outlook as the order picture became clearer later in the year.
