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Japanese Corporate Sector 2009 Outlook: Global Economic Downturn To Adversely Affect Wide Range Of Industries Feb 09 Product Image

Japanese Corporate Sector 2009 Outlook: Global Economic Downturn To Adversely Affect Wide Range Of Industries Feb 09

  • ID: 1771350
  • February 2009
  • Region: Global, Japan
  • Standard & Poors


  • AEON Co. Ltd.
  • Hitachi Ltd.
  • KDDI Corp.
  • Mitsui & Co. Ltd.
  • Sojitz Corp.
  • MORE

The financial crisis and weakening global economy are significantly affecting the Japanese corporate sector, forcing a number of companies to revise their earnings forecasts downward. Although the steep rise in crude oil and raw materials prices, as well as the decline in the U.S. economy triggered by the subprime loan crisis, had begun to pressure the earnings of Japanese companies in late 2007, their financial results did not show any significant deterioration during fiscal 2007 (ended March 31, 2008). However, the ongoing downturn, which has spread rapidly across the globe since late 2008, caused a sharp appreciation of the yen and now threatens to precipitate drastic changes in a wide range of industries. Upgrades outnumbered downgrades in the Japanese corporate...

Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.

Research Type: Commentary
Criteria articles describe the thought process and methodology Standard & Poor's analysts use in determining ratings. These commentary pieces discuss both the quantitative (economic and financial) and qualitative (business analysis and caliber of management) aspects of the analysis, as well as legal issues.

- Hitachi Ltd.
- Ito-Yokado Co. Ltd.
- Komatsu Ltd.
- Panasonic Corp.
- Mitsubishi Corp.
- Mitsubishi Estate Co. Ltd.
- Mitsui & Co. Ltd.
- Nippon Telegraph & Telephone Corp.
- Sony Corp.
- TDK Corp.
- Xerox Corp.
- Asahi Glass Co. Ltd.
- Japan (Unsolicited Ratings)
- Hewlett-Packard Co.
- Victor Co. of Japan Ltd. (JVC Corp.)
- Nissan Motor Co. Ltd.
- Sumitomo Corp.
- Marubeni Corp.
- Toyota Motor Corp.
- Tokyo Electric Power Co. Inc.
- Denso Corp.
- Toshiba Corp.
- Mitsui Fudosan Co. Ltd.
- Fujitsu Ltd.
- ITOCHU Corp.
- Omron Corp.
- Uny Co. Ltd.
- Sharp Corp.
- Pioneer Corp.
- NEC Corp.
- Softbank Corp.
- All Nippon Airways Co. Ltd.
- AEON Co. Ltd.
- Kobe Steel Ltd.
- Nippon Steel & Sumitomo Metal Corp.
- Sumitomo Metal Industries Ltd.
- Kawasaki Kisen Kaisha Ltd.
- Nippon Yusen KK
- Mitsui O.S.K. Lines Ltd.
- Sumitomo Realty & Development Co. Ltd.
- Hokuriku Electric Power Co.
- Marui Group Co. Ltd.
- KDDI Corp.
- Japan Airlines Corp.
- Toyota Industries Corp.
- JFE Steel Corp.
- JFE Holdings Inc.
- Seven-Eleven Japan Co. Ltd.
- Aisin Seiki Co. Ltd.
- Sojitz Corp.
- Toyo Property Co. Ltd.
- Seven & i Holdings Co. Ltd.

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