memory-chip demand: Their combined market value represents 36 percent of the total in the section. ; Industrial robot maker Fanuc Corp. estimates a 60 percent net profit fall, anticipating continued weakness in capital investment in China, according to The Japan Times. Advantest Corp. forecasts a drop of 50 percent or more in its net profit amid expectations that sluggish memory-chip demand will weigh on sales of its semiconductor testing devices. The survey covered 243 companies listed on the Tokyo Stock Exchange's first section that have released earnings results for the fiscal year which ended last month. Many companies, mainly those related to capital investment, are cautious about their outlooks, said Kazuhiro Takahashi, an equity strategist at Daiwa Securities Co. Hitachi Ltd. expects its net profit to nearly double from the previous year, when it booked losses related to the suspension of its nuclear plant construction project in Britain. Nidec Corp. expects a 21 percent net profit increase, believing that motor demand in China will recover in the second half.
(news.financializer.com). As
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Tagged under memory-chip demand, equity strategist topics.