The 15 trillion yen
flowing overseas is just 1 percent of the total.
The company said it plans to pay a year-end dividend of 5 yen
per share thanks to stronger-than-expected orders since the start of this year.
Meanwhile, stocks related to the planned issuance of 2,000 yen
bills moved down, due mainly to profit-taking following their gains the previous day.
depreciated beyond the [yen] 136 level after the Birmingham Group of Eight summit meeting in mid-May.
National is exposed to currency movements on the full 10.6 million yen
in the range (100.70 to 111.30) without a price adjustment.
Despite the large appreciation of the yen
in the late 1980s, the Japanese trade surplus declined only modestly, and then primarily because of the investment and consumption boom, which led to a rapid increase in imports.
Denso now expects a group net profit of 10 billion yen
, down from its initial projection of 101 billion yen
, and a pretax profit of 59 billion yen
, down from 205 billion yen
, on sales of 3.3 trillion yen
, down from 3.65 trillion yen
As the yen
fell to 107.5, a number of carmakers were understood to be dumping large amounts of their foreign-earned dollars on the market.
Foreign exchange market volatility was slightly higher during die quarter, with the average daily trading range for the dollar widening to 1.0 percent against both the mark and the yen
, compared with average daily ranges of 0.9 percent experienced in the first quarter of 1997 and 0.7 percent in the second quarter of 1996.
The forward contract is an agreement with a bank - a derivative - that allows us to sell the bank our future yen
flow, for example.
By sector, the animal-derived components/materials segment will rise from 60.2 billion yen
($510 mil) in 2005 to 102.6 billion yen
($869 mil) in 2010; the plant-derived components/materials segment will climb up from 40.9 billion yen
($346 mil) in 2005 to 57.9 billion yen
($490 mil) in 2010.
's upward march to the [yen]100-to-the-dollar milestone continues.