Month: July 2022

TOKYO–(BUSINESS THREAD)–Renesas Electronics Corporation (TSE:6723) today announced consolidated financial results in accordance with IFRS for the six months ended June 30, 2022. Summary of consolidated financial results (Note 1) Three months are over June 30, 2022 Six months are up June 30, 2022 One billion yen % of revenue One billion yen % of revenue income 376.6 100.0 722.9 100.0 Operating profit 110.2 29.3 210.0 29.1 Profit attributable to the owners of the matrix 50.6 13.4 110.4 15.3 Capital expenditure (Note 2) 148.6 180.5 Amortization and depreciation 45.9 89.9 R&D expenses (Note 3) 51.4 97.0 Yen Yen Exchange rate (USD)…

WILMINGTON, Mass.–(BUSINESS THREAD)–Analog Devices, Inc. (Nasdaq: ADI) announced today that it will release financial results for the third quarter of fiscal 2022 at 7:00 a.m. Eastern Time on Wednesday, August 17, 2022. Following the press release, the company will host a conference call by phone at 10:00 am Eastern time, the same day. Vincent Roche, CEO and President, Prashanth Mahendra-Rajah, Executive Vice President of Finance and Chief Financial Officer, and Michael Lucarelli, Vice President of Investor Relations and FP&A will discuss ADI’s results and business outlook. The conference call can be accessed live over the Internet on the Analog Devices…

PARIS–(BUSINESS THREAD)–Regulatory news: GenSight Biologics (Euronext: SIGHT, ISIN: FR0013183985, PEA-PME Eligible), a biopharmaceutical company focused on the development and commercialization of innovative gene therapies for retinal neurodegenerative diseases and central nervous system disorders, today announced its interim financial results for the first half of 2022. The full interim financial report is available on the Company’s website under the Investors section. The 2022 half-yearly annual accounts were subjected to a limited review by the Company’s auditors and approved by the Board of Directors on July 27, 2022. “We continue to focus our efforts and resources in 2022 on addressing our manufacturing…

TOKYO–(BUSINESS THREAD)–Mitsubishi Electric Corporation (TOKYO: 6503) today announced its consolidated financial results for the first quarter ended June 30, 2022, for the current fiscal year ended March 31, 2023 (fiscal 2023). The full document on Mitsubishi Electric’s financial results can be found at the following link: www.MitsubishiElectric.com/news Consolidated financial results Income: 1,067.7 billion yen (Substantially unchanged year-on-year) Operating profit: 33.9 billion yen (down 59% year-on-year) Profit before income taxes: 46.8 billion yen (decrease of 48% year-on-year) Net profit attributable to Shareholders of Mitsubishi Electric Corp.: 33.4 billion yen (decrease of 46% year-on-year) The economy in the first quarter, April-June 2022,…

SISTERS, Ore.–(BUSINESS THREAD)–Laird Superfood, Inc. (NYSE American: LSF) will report financial results for the second quarter ended June 30, 2022 on Wednesday, August 10, 2022 after the market closes. Management will host a webcast at 5:00 pm ET the same day to discuss the results. Participants can access the webcast live on the Laird Superfood Investor Relations website at in “Events”. About Laird Superfood (NYSE American: LSF) Laird Superfood, Inc. creates award-winning, delicious and functional plant-based superfood products. The company’s products are designed to enhance your daily ritual and keep consumers naturally fueled throughout the day. The company was co-founded…

Wealth advisory firm hires two staff as part of strategic growth plan LAFAYETTE, LA., July 27, 2022 /PRNewswire/ — Summit Financial Wealth Advisors (“Summit”), one of the largest independent wealth advisory firms in Louisianatoday announced the addition of Chris Breauxrepresentative of the investment adviser and Kim Landrycustomer service representative, within the growing company Lafayette office Breaux, a Lafayette native, brings a decade of financial and entrepreneurial experience to his role at Summit. After receiving his degree in finance from the University of Louisiana at Lafayettefollowed by an MBA from the University of Alabama at Birminghamreturned Lafayettewhere he initially worked as…

Thanks for your question, ABC business reporter Michael Janda explains: In short, because the Reserve Bank’s job has been done to keep inflation under control and interest rates are practically the only tool they have to do so. Since the early 1990s, the Reserve Bank, with the agreement of the government, has sought to maintain the rate of inflation, that is, the level of price increases, at approximately 2 to 3 percent each year. It’s currently 6.1 per cent and is expected to rise to 7.75 per cent, so clearly the RBA feels it needs to do something. All it…

Asian Banker has named Deutsche Bank as the “Best International Trade Finance Bank in Asia Pacific” for the fifth consecutive year. This latest high-profile award, along with the bank’s win for Best Treasury & Cash Management Bank in Asia Pacific by The Asset earlier this month, underlines Deutsche Bank’s Trade Finance and Institutional Cash Management (ICM) capabilities in the region The Asian banker also named Atul Jain, global co-head of finance and commercial lending, as its ‘Transaction Finance Person of the Year’. This award recognizes individuals who have demonstrated inspirational leadership, had a strong impact on the sector and contributed…