On the 8th of February, Nissan Motor Co. reported its third quarter profit which disappointed as it missed analysts’ estimates. The weaker-than-expected results were mainly driven by a territorial dispute over the Senkaku Islands that led to the Chinese boycott of Japanese products, including cars. The company, however, has decided not to change its annual profit forecast due to a weakening yen.
Panasonic Corp. reported stronger-than-expected profits in its third fiscal quarter due to weakening of the yen and cost reductions that helped the company to recover from huge losses made last year. Sharp Corp. witnessed also similar improvements in the period.