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Top related persons:
Mark Chadwick - 2 Kim Kyung - 1 Mariko Katsumura - 1 Jacqueline Wong - 1 John Lewis - 1 Preeti Srivastav - 1 Marija Rompani - 1 Asahi's Srivastav - 1
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Tokyo Japan China Kyoto London British
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Thomson - 2 REUTERS - 1 Rights - 1 EV - 1 Asahi - 1 Asahi Europe - 1 International - 1 Reuters IMPACT - 1

Search resuls for: "Mark Chadwick"


5 mentions found


☆ Nidec shares slump over 9% after it retains annual profit outlook
  + stars: | 2023-10-24 | by ( ) www.reuters.com   time to read: +1 min
REUTERS/Kim Kyung-Hoon/File Photo Acquire Licensing RightsTOKYO, Oct 24 (Reuters) - Nidec (6594.T) shares tumbled more than 9% on Tuesday after the electric motor maker kept its annual profit outlook unchanged the previous day despite reporting a rise in quarterly profit. Some analysts said the unchanged profit outlook of 220 billion yen ($1.47 billion) for the current year to March 2024 came short of market consensus, while also voicing concerns over declining margins in the Chinese automotive business. "We are still concerned about the outlook for the Chinese EV market and the shift to lower output motors, which is impacting profitability." After the market close on Monday, the Kyoto-based company announced a 7.6% rise in quarterly operating profit, helped by stronger sales and a weaker yen currency. The company's shares were trading down 9.2% by mid-morning, after being untraded with a glut of sell orders earlier in the day.
Persons: Kim Kyung, Mark Chadwick, Mariko Katsumura, Jacqueline Wong Organizations: REUTERS, Rights, EV, Thomson Locations: Tokyo, Japan, China, Kyoto
☆ From suppliers to costs, sustainability goals challenge companies
  + stars: | 2023-09-06 | by ( Richa Naidu Helen Reid Emma Rumney | Richa Naidu | Helen Reid | ) www.reuters.com   time to read: +3 min
LONDON, Sept 6 (Reuters) - As they endeavour to meet lofty sustainability goals, companies from Japan's Asahi (3333.T) to retailer John Lewis face challenges like confusion among suppliers, tough legislation, and friction with top management over costs, executives said. But the upfront cost of investments needed to curb emissions can cause friction within companies. WORKING TOGETHERWhile regulation plays a role in helping companies meet their goals, some feel it also acts as a constraint. Managing suppliers plays a major role in companies meeting sustainability goals but doing so can prove difficult. Some companies are going so far as to work with rivals to exchange best practices on issues such as decarbonising their value chains.
Persons: John Lewis, Preeti Srivastav, Mark Chadwick, Marija Rompani, Asahi's Srivastav, they're, Andy Griffiths, we're, Jay Doyle, Richa Naidu, Sharon Singleton Organizations: Asahi, Asahi Europe, International, Reuters IMPACT, Diageo, ITV's, Thomson Locations: London, British
☆ Shares of Japan's Nintendo, SoftBank and Sharp tumble after earnings
  + stars: | 2023-02-08 | by ( ) www.reuters.com   time to read: +2 min
Shares of Nintendo dropped 6% after the maker of the Switch video game console reported lower sales and profit and cut its full-year outlook. Nintendo shares were on track for their biggest one-day loss since November. SoftBank shares fell 6.2% after it reported a quarterly loss, hit by its massive Vision Fund investment unit, which fell into the red for the fourth straight quarter. Nintendo is struggling with softer sales for the ageing Switch, while SoftBank has seen valuations weaken for its sprawling tech portfolio. "The Nintendo Switch is now a six-year-old console and demand is now exhausted," analyst Mark Chadwick said on Smartkarma.
☆ Shares of Nintendo, SoftBank tumble after earnings
  + stars: | 2023-02-08 | by ( ) www.reuters.com   time to read: +1 min
Shares of Nintendo dropped 7.6% after the maker of the Switch video game console reported lower sales and profit and cut its full-year outlook. Nintendo shares were on track for their biggest one-day loss since late 2021. SoftBank shares fell 6.6% after it reported a quarterly loss, hit by its massive Vision Fund investment unit, which fell into the red for the fourth straight quarter. Nintendo is struggling with softer sales for the ageing Switch, while SoftBank has seen valuations weaken for its sprawling tech portfolio. "The Nintendo Switch is now a six-year-old console and demand is now exhausted," analyst Mark Chadwick said on Smartkarma.
☆ Nintendo shares head for biggest one-day drop in a year after Switch sales projection cut
  + stars: | 2022-11-09 | by ( ) www.reuters.com   time to read: +1 min
TOKYO, Nov 9 (Reuters) - Shares in Nintendo Co Ltd (7974.T) fell nearly 7%, putting them on track for their biggest one-day drop in a year on Wednesday after the Japanese videogame giant cut its annual sales projection for its Switch console by nearly 10%. The Kyoto-based company on Tuesday cut its sales forecast for the Switch to 19 million units for this business year from 21 million, as microchip shortages constrained production. Nintendo President Shuntaro Furukawa told an earnings briefing on Tuesday that chip supply had begun recovering in recent months, helping boost Switch production. Still, Nintendo shares were up 6.9% in Tokyo trade, against a nearly flat broader market. Shares of Nintendo are up 8.3% so far this year.
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