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Yahoo! My Yahoo! Mail More Yahoo! Services Account Options New User? Sign Up Sign In Help Yahoo! Search web search Home Singapore Asia Pacific World Business Entertainment Sports Technology Weekend Edition Singapore Asia Pacific World Japan firms profit from emerging economy demand: report AFP - 2 hours 22 minutes ago Send IM Story Print Japan firms profit from emerging economy demand: report Slideshow: Full Photo Coverage: Business & Economy TOKYO (AFP) - – Major Japanese companies boosted their profits in the July-September quarter, led by auto and consumer electronics makers exploiting growing demand in emerging market economies, according to the latest reports. The combined pre-tax group profit of 475 listed Japanese firms, which close their books every March and had released their quarterly earnings by Friday, jumped 86 percent year-on-year in the quarter, the business daily Nikkei said. Of the 475 -- which do not include financial institutions or firms listed on new stock markets -- 215 posted higher sales and profits in an uptrend also helped by streamlining efforts and a demand recovery in the United States and Europe, the daily said. The combined profit of all the surveyed firms reached 98 percent of the level recorded for the April-June 2008 quarter, the period before the onset of the global financial crisis, the daily said. It was also up 14 percent from the preceding April-June quarter when profit recovery became noticeable, Nikkei added. But many companies remain cautious about prospects for the six months to March 2011, citing such concerns as the yen's appreciation and an economic slowdown in the United States and Europe, the daily said. The 475 companies expect their combined pre-tax profit will dip two percent on the year during the six months to March 2011, Nikkei said. They still hope that the combined profit for the year to March will be more than 40 percent higher than the preceding year. By industry, carmakers' combined profit trebled in July-September from a year earlier while those of consumer electronics makers quadrupled. The firms in the two sectors accounted for 35 percent of the overall profit gains. Mitsubishi Electric posted the highest pre-tax profit for the July-September quarter since it began releasing such data, led by strong sales of factory automation equipment in China, the Nikkei said. Honda Motor benefited from strong motorcycle sales in emerging market economies and a 20-percent rise in the sales volume of sport utility vehicles and other cars in North America. Recommend Send IM Story Print Related Articles Kuwait's Global Q3 loss more than doubles Reuters - 40 minutes ago Vietnam and Japan to mine rare earths together Reuters - 49 minutes ago US-BUSINESS Summary Reuters - 50 minutes ago Vietnam, Russia ink deal on first nuclear plant: AFP AFP - 1 hour 33 minutes ago Vietnam to help Japan on rare earths: joint statement AFP - 1 hour 38 minutes ago News Search Top Stories Australia, Singapore PMs discuss bourses merger Demonstrators flock to Washington for comics' 'Sanity' rally DHL tightens checks on freight traffic from Yemen: ministry Shuttle Discovery launch delayed to Wednesday: NASA Miss US crowned Miss World 2010 More Top Stories » Related Full Coverage China Economychina economy All Full Coverage » ADVERTISEMENT Most Popular Most Viewed Most Recommended Indonesia volcano erupts again Miss US crowned Miss World 2010 US-bound parcels contained explosives: Dubai, London Demonstrators flock to Washington for comics' 'Sanity' rally Maradona eyes UK Premier League coaching role More Most Viewed » Time, like all good things, may come to an end: study Spectacular unknown species found in Amazon Iranian chocolate thief 'to have hand chopped off' Ancient galaxy is more than 13 billion light years away Moon's 'treasure chest' includes silver More Most Recommended » Elsewhere on Yahoo! Financial news on Yahoo! Finance Stars and latest movies Best travel destinations More on Yahoo! News Home Singapore Asia Pacific World Business Entertainment Sports Technology Weekend Edition Subscribe to our news feeds Top StoriesMy Yahoo!RSS » More news feeds | What are news feeds? Also on Yahoo! Answers Groups Mail Messenger Mobile Travel Finance Movies Sports Games » All Yahoo! Services Site Highlights Singapore Full Coverage Most Popular Entertainment Photos Yahoo! News Network Copyright © 2010 Yahoo! Southeast Asia Pte. Ltd. (Co. Reg. No. 199700735D). All Rights Reserved. Terms of Service | Privacy Policy | Community | Intellectual Property Rights Policy | Help

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