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Kyodo news summary -7-(Japan Economic Newswire Via Acquire Media NewsEdge) TOKYO, Aug. 2 -- (Kyodo) _ ---------- Japan's ban on cattle shipments expands to Tochigi Pref. TOKYO - Japan's government on Tuesday expanded its ban on cattle shipments to Tochigi Prefecture as radiation continues to spew from the crippled Fukushima Daiichi nuclear power plant. Chief Cabinet Secretary Yukio Edano said at a news conference that the decision was made after some cattle raised in the prefecture were found to be contaminated with radioactive cesium. ---------- Renesas reports April-June sales plunge on March disaster TOKYO - Renesas Electronics Corp. said Tuesday its group sales in the April-June quarter plunged 29.0 percent from a year earlier to 207.23 billion yen as the March 11 earthquake and tsunami in northeastern Japan disrupted its production. The major Japanese computer chip maker said the sales plunge in the first quarter of fiscal 2011 was also attributable to the yen's appreciation and slack demand for electronics amid production adjustments and sluggish consumer sentiment. ---------- NTT Data reports 39.4% fall in net profit in April-June TOKYO - NTT Data Corp. reported on Tuesday a 39.4 percent year-on-year fall in consolidated net profit for the April to June quarter to 3.54 billion yen as one-time costs related to saving energy consumption ate into its profit. Operating profit fell 10.4 percent to 11.54 billion yen, while sales grew 3.4 percent to 270.29 billion yen, the company said, adding that its earnings felt the brunt of continuing reluctance in the information-related industry to invest in information technology equipment. ---------- Women's soccer team, fans delighted at top gov't award OSAKA - Members of Japan's World Cup-winning women's soccer team and their supporters expressed delight Tuesday at the government's decision to confer upon them the prestigious People's Honor Award, with captain Homare Sawa and head coach Norio Sasaki vowing to achieve good results at the 2012 London Olympics. "I am surprised and at the same time extremely honored," Sawa said in a statement. "I would be very happy if we have been able to provide everyone with hope and energy as Japan slowly recuperates" from the March 11 earthquake and tsunami devastation, she added. ---------- Tokyo stocks fall on growth worries, forex intervention eyed TOKYO - Tokyo stocks fell Tuesday, squeezed by worries about U.S. economic growth and a strong yen while investors kept their eyes on whether Japan would intervene in the currency market. The 225-issue Nikkei Stock Average dropped 120.42 points, or 1.21 percent, from Monday to 9,844.59. The broader Topix index of all First Section issues on the Tokyo Stock Exchange was down 7.74 points, or 0.91 percent, to 843.96. (c) 2011 Kyodo News International, Inc. |