ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print

Japanese electronic parts makers see better fiscal 2016 earnings

Companies diversify to guard against slowing smartphone growth

Yoshitaka Fujita, Murata Manufacturing's executive deputy president, at a news conference.

OSAKA -- Five of six Japanese electronic parts producers have upgraded net profit projections for fiscal 2016 on increased shipments seen at the end of last year, but an anticipated slowdown in smartphone components is forcing them to diversify operations.

The six companies' projections show aggregate net income staying roughly flat at around 588 billion yen ($5.19 billion), a turnaround from a previously forecast 21% year-on-year drop, based on estimates announced through Tuesday.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more