adminDecember.
The firm slashed its full-year net profit forecast to 65 billion yen from 140 billion yen. That would represent a 52,8 percent drop from the previous year, instead of growth that the company had earlier expected.
The poor performance reflected “the impact of sharp yen appreciation, the March earthquake, the floods in Thailand and demand deterioration”, said the firm, whose operations range from consumer electronics to nuclear power plants.
Group sales in the nine months ended December fell 6,8 percent to 4,35 trillion yen, with operating profit tumbling 36,2 percent to 90,78 billion yen.
Revenue fell due to lower sales in the digital products and electronic devices segments, which include liquid crystal display televisions and semi-conductors, the company said in a statement.
Electronics manufacturers worldwide are struggling to profit from making TVs amid fierce price competition in the overcrowded, low-margin market.
Japanese firms were also hit hard by sluggish TV demand at home, after record sales last fiscal year thanks to a temporary subsidy as the country shifted to digital terrestrial broadcasting from an analogue system. – AFP.
Online Reporter
- Herald
- July 31, 2026
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