Panasonic rebounds after largest loss by Japan manufacturer
News On Japan via PC World -- Aug 01
Panasonic said Tuesday it squeezed out a small profit in the April-June quarter, rebounding from a US$10 billion loss last fiscal year, the largest ever by a Japanese manufacturer.
The Osaka-based company said it booked a ¥12.8 billion (US$160 million) profit in the period, a tiny sliver of its ¥1.8 trillion in sales, but enough to keep it on track for a profitable year through March 2013.
Panasonic said sales at its electronics division fell 20 percent, but it was able to book an operating profit after being in the red last year, when the massive earthquake and tsunami that struck in March weighed on its results. The company said its profitability in the division was mainly due to reducing fixed costs and restructuring. Sales of laptops were better than a year earlier, while revenue from TVs and digital recorders slipped.
China's television regulator has ordered a crackdown on dramas about the country's battles with Japan during and before World War Two and demanded they be more serious, state media said on Friday, following viewer complaints about ludicrous storylines. (Reuters )
Shukan Post (May 24) conveys the difficulties experienced by other parts of the adult-entertainment biz in servicing customers from the communist nation.
A deri heru (“delivery health”) call-girl tells the tabloid that she is often requested to arrive at major hotels in the Shinjuku and Ikebukuro entertainment areas of Tokyo by Chinese visitors. (Tokyo Reporter)