Boeing battery maker sees no 787 impact on earnings

Kyoto, Japan Tue Feb 5, 2013 1:41pm IST

A logo of GS Yuasa Corp. is seen atop the company's Tokyo office January 9, 2013. REUTERS/Issei Kato/Files

A logo of GS Yuasa Corp. is seen atop the company's Tokyo office January 9, 2013.

Credit: Reuters/Issei Kato/Files

Related Topics

Stocks

   

Kyoto, Japan (Reuters) - GS Yuasa Corp (6674.T), which makes batteries for the Boeing Co (BA.N) Dreamliner, said on Tuesday its earnings would not be impacted by the grounding of the 787 passenger jets, nor did it see any reputational impact on its other lithium-ion batteries.

The Kyoto-based company maintained its operating profit forecast of 10 billion yen for the year to end-March.

All Boeing's 787s are out of action as investigators in Japan and the United States try to find the cause of two incidents with the plane's lithium-ion batteries - a battery fire on a Japan Airlines (9201.T) 787 at a U.S. airport and an emergency landing on a domestic All Nippon Airways flight after battery problems triggered a smoke alarm.

(Reporting by Mari Saito; Editing by Ian Geoghegan)

FILED UNDER:

Monetary Policy Committee

Reuters Showcase

Microfinance

Microfinance

Funding the unfunded: India helps small business borrow to grow  Full Article 

Insurance Sector

Insurance Sector

UK healthcare firm Bupa sees strong growth in India  Full Article 

Sensex Rises

Sensex Rises

Sensex edges up; consumer and healthcare stocks rise  Full Article 

Market Eye

Market Eye

FTSE adds nine Indian firms as large-caps in Asia-Pacific ex-Japan index   Full Article 

Indian Ocean Diplomacy

Indian Ocean Diplomacy

PM Modi to ramp up help for Indian Ocean nations to counter China influence  Full Article 

ECB Bond-Buying

ECB Bond-Buying

ECB raises growth forecasts, to start printing money next week  Full Article 

China Economy

China Economy

China signals "new normal" with lower annual growth target  Full Article 

Pharma Sector

Pharma Sector

Panel recommends waiving late-stage trials for some drugs  Full Article 

E-commerce

E-commerce

China backs e-commerce expansion in win for Alibaba, JD.com  Full Article 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device  Full Coverage