By Margarita Snegireva. After Hoya Corp released lower-than-expected quarterly profit and forecasted that its annual profit will also fall for the first time in six years, shares of Hoya Corp slid 10 percent, hit by falling prices of glass used to make flat panels and a delay in its shift to advanced hard drive disks.
Operating profit at Hoya, which is roughly half-owned by foreign investors, came to 27.53 billion yen ($258 million) in October-December, up 1.1 percent from the 27.2 billion yen booked in the same period last year.
The company failed to release products on schedule and prices fell, resulting in lower earnings during the first nine months of the fiscal year, according to Tokyo-based Hoya, which bought Japanese camera-maker Pentax Corp. in 2007.
The discovery of the submarine has unveiled a few "inconsistencies." For example, how can one explain the fact that the sub was found where it needed to be searched for from the start?
When on a state visit to Singapore, Russian President Vladimir Putin promised to revisit the discussion of the 1956 Declaration between the USSR and Japan regarding the issue of the peace treaty with Japan
The TurkStream, which runs along the bottom of the Black Sea from Russia's Anapa to Turkey, will consist of two lines, each with a capacity of 15.75 billion cubic meters of gas a year