Monday, June 19, 2006

Kaisha Shikiho Reduces Profit Forecasts for Japanese Firms
According to the new edition of Kaisha Shikiho, Japanese companies (excluding financials) will post a 3.4% increase in consolidated operating income for the March 2007 year, and a 9.3% advance in net profits. These figures are below the comparable forecasts in the previous issue published three months ago, which were 7.0% and 13.6%. A report by Daiwa Institute of Research published in early June found the same trend of a slowing in momentum.

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