Kyodo news summary -6-
(Japan Economic Newswire Via Acquire Media NewsEdge) TOKYO, May 10 -- (Kyodo) _ ---------- Humala declines to comment on how to deal with Fujimori
TOKYO - Visiting Peruvian President Ollanta Humala declined on Thursday to comment on how to deal with disgraced former President Alberto Fujimori at a time when his family members are considering applying for amnesty.
While Fujimori, 73, is now serving a prison term over his involvement in human rights abuse cases, Humala said the authority to grant amnesty belongs to parliament but that he cannot comment on the issue before an application is filed.
---------- Indonesian authorities say wreckage of lost Russian jet found
JAKARTA - The Indonesian search and rescue agency said Thursday that the wreckage of a Russian-made Sukhoi passenger plane that went missing with 45 passengers on board during a demonstration flight Wednesday near Jakarta was spotted Thursday in a mountainous area of West Java Province.
No survivors had been found so far, it said.
---------- Suzuki Motor's FY 2011 profit rises on cost cuts despite lower sales
TOKYO - Suzuki Motor Corp. said Thursday its group net profit climbed 19.3 percent in fiscal 2011 from a year earlier to 53.89 billion yen as cuts in production and depreciation costs as well as expense cutbacks more than offset the impact of falls in oversea sales.
In an earnings report for the year ended March 31, the maker of compact cars and motorcycles said such factors helped push its pretax profit up 6.6 percent to 130.55 billion yen and operating profit up 11.6 percent to 119.30 billion yen despite a 3.7 percent fall in sales to 2.51 trillion yen.
---------- Olympus reports 49 bil. yen net loss for FY 2011
TOKYO - Olympus Corp. said Thursday it incurred a group net loss of 48.99 billion yen for the 2011 business year, compared with a 3.87 billion yen net profit from the year before, dragged down by the impact of the March 2011 disaster and the strong yen.
For the 12-month period through last March, the camera and medical equipment maker also reported an operating profit of 35.52 billion yen, down 7.5 percent from a year earlier, on sales of 848.55 billion yen, up 0.2 percent.
---------- Suicide bomber in China kills 3 over house demolition
HONG KONG - A woman detonated a home-made bomb at a government building in southwestern China's Yunnan Province on Thursday, killing three people and injuring 14 others, mainland media reported.
State-run Xinhua News Agency said the woman set off the explosion in a community service building in Qiaojia County as she was about to sign an agreement for her house's demolition.
---------- Hitachi boosts group net profit to new high
TOKYO - Hitachi Ltd. said Thursday its group net profit in fiscal 2011 jumped 45.3 percent from the previous year to a new high of 347.18 billion yen as sales grew 3.8 percent to 9.67 trillion yen.
The company rewrote its group net profit record for the second straight year.
---------- Key bond yield rises amid caution over high bond prices
TOKYO - The yield on the bellwether Japanese government bond ended higher Thursday on selling amid caution over high bond prices.
The yield on the No. 322, 0.9 percent issue, the main yardstick of long-term interest rates, ended interdealer trading at 0.860 percent, up 0.010 percentage point from Wednesday's close.
---------- Elpida to begin talks with Micron Technology for rehabilitation
TOKYO - Failed Japanese semiconductor maker Elpida Memory Inc. said Thursday it will enter into negotiations with Micron Technology Inc. to set terms for support it will receive from the U.S. chipmaker.
The launch of negotiations follows the Tokyo District Court's approval earlier in the day for Elpida's selection of Micron as its rehabilitation sponsor, the Tokyo-based company said.
---------- Konica Minolta to acquire FedEx Kinko's Japan
TOKYO - Konica Minolta Holdings Inc. said Thursday it will acquire FedEx Kinko's Japan Co., Japan's largest business convenience store provider, to expand and strengthen its production print business.
Konica Minolta signed a contract last month through its unit Konica Minolta Business Technologies Inc. to buy all shares of the company, owned by FedEx Kinko's International Inc., and will complete the deal by the end of this month.
---------- Sony expects to return to net profit in FY 2012
TOKYO - Sony Corp. said it expects to return to the black in the current business year for the first time in five years with a group net profit of 30 billion yen, due partly to restructuring efforts in its mainline electronics business.
In the business year ended March, Sony posted its biggest-ever group net loss of 456.66 billion yen, larger than the loss of 259.59 billion yen in the previous year, dragged down by a slump in its electronics sector, including the television business.
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