The Kyoto-based company booked an operating profit of 171.08 billion yen
on sales of 1.01 trillion yen
in fiscal 2010.
For the whole business year 2010, the company now forecasts a group net profit of 77 billion yen
, up from 1.04 billion yen
in the previous year, and a group operating profit of 130 billion yen
, up from 75.71 billion yen
, on estimated sales of 2.90 trillion yen
, up from 2.60 trillion yen
Consumers' purchasing power has weakened as wages remained flat, interest income was lost, and the yen
Entitled Directory of Soft Drink Marketing 2006-No.1, the 298-page report, sells for 136,500 yen
(US$1,187) in hardcopy and 147,000 yen
($1,278) in hardcopy with a supplemental CD-ROM.
Don't forget that if we get the locations right, for every new higaeri onsen we bring on stream, we can expect to see visitor traffic of about 1,000 to 2,000 people a day, resulting in revenues of 80 to 100 million yen
On an unconsolidated basis, the company expects a pretax loss of 1.5 billion yen
and net loss of 14.5 billion yen
, compared with earlier projections of 5 billion yen
in pretax loss and 16 billion yen
in net loss.
In the previous 1999 fiscal year, the company chalked up a group net profit of 56.06 billion yen
and a pretax profit of 108.34 billion yen
on sales of 530.67 billion yen
Nomura Securities was up 52 yen
to 1,642 yen
, Nikko Securities 39 yen
to 954 yen
, and Daiwa Securities Group 22 yen
to 1,009 yen
Throughout the quarter, the yen
was pressured by anticipation of renewed capital flows out of Japan after the March 31 conclusion of the Japanese fiscal year, the beginning of Japan's liberalization of its foreign exchange laws, and continued weakness in the Japanese economy and financial system.
In the first case, this happens because the actual dollar price decreases, while in the second case, the dollar value of the increased yen
price is less than the contract price of $9.43.
With the bubble deflated and the Japanese economy mired in the doldrums, interest rates on Japanese yen-denominated securities are now one to two percentage points below interest rates on comparable dollar-denominated securities, so few investors would be likely to buy Japanese yen
securities in search of higher yields.
's sharp rise is also eroding Denso's earnings.