Housing Business: Percent and Book Gain

housing business: U.S. President Donald Trump's administration raised duties on 200 billion of Chinese goods from 10 percent to 25 percent on Friday, according to The Japan Times. The company forecast its group operating profit would also decrease 27.1 percent to 300 billion, even as it expects to book a gain of around 90 billion related to a planned merger of its housing business with that of Toyota Motor Corp. Group sales are projected to slip 1.3 percent to 7.90 trillion, as demand for electronic parts and industrial components is expected to remain slow in China amid the country's heightening trade friction with the United States. ; It is uncertain how big an impact additional U.S. tariffs on imports from China will have on its customers, Panasonic Chief Financial Officer Hirokazu Umeda said at a news conference. The figures projected for fiscal 2019 suggest Panasonic will report a decline in sales and net profit for the first time in three years. But costs to boost output at its battery plants in the city of Himeji, Hyogo Prefecture, and Dalian in China will leave its automotive business, which generates a fifth of its total sales, unprofitable. The company expects sales of auto batteries to remain solid in the current fiscal year. (news.financializer.com). As reported in the news.