Mitsubishi Heavy Expects 1st Half Group Net Loss Y3.1 Billion

TOKYO -(Dow Jones)- Mitsubishi Heavy Industries Ltd. (7011.TO) said Friday it now estimates a net loss Y3.1 billion for the first half ended Sept. 30, citing a slump in sales of some industrial machinery products and the yen's strength.
The Japanese shipbuilder and heavy-machinery maker blamed declines in sales of the industrial machinery category, which includes forklift and machine tools, amid flagging demand. Sales of the other segments, generators and shipbuilding also remained weak. It also noted that he yen's strength hurt profitability during the latest reporting period.
The projected interim net loss compares with a net profit of Y29.0 billion in the same period a year earlier.
The company also expects a 16% on-year fall in sales to Y1.322 trillion with a 66% decline in operating profit to Y25.1 billion.
The company will give outlook for full year earnings when it releases interim results Oct. 30.
-By Hiroyuki Kachi, Dow Jones Newswires; 813-6895-7562; Hiroyuki.Kachi@dowjones.com
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Heavy Machinery

World of Wonder's MACHINES OF MALICE: THE INQUISITION premieres tonight at 10PM Eastern on the Discovery Channel. Put yourself in the hot seat as this episode tests out torturous atrocities like "The Interrogation Chair," above left. GETTING A LITTLE OUT-OF-JOINT: Find out how Inquisitors turned everyday objects into horrific devices to "help" the accused see the error of their ways... and thoughts, above right.
HARD TO STOMACH: Machines of Malice tests exotic torture devices like the "Revolving Drum," below left, a contraption supposed to grind away at the accused during questioning. A SLICE OF HUMAN HISTORY: Find out how religious zealots engineered fear and terror so entire populations would conform to their specific beliefs. Below right, the "Skin Peeler. (Text and photos by Nick Perlmuter)

http://worldofwonder.net/2009/09/28/Heavy_Machinery/