japan inc profits under siege from china slowdown - home appliances manufacturers in china

TOKYO (Reuters)-
Two well-known Japanese electronics and equipment manufacturers have warned that profits have fallen over the past week due to the impact of the United StatesS. -
The outbreak of a trade war in China has raised concerns about the general decline in corporate earnings expectations and the impact on economic growth. Nidec Corp (6594. T)
Micro-cars were found in mobile phones, PCs, cars and robots, cutting its annual operating profit outlook for a quarter on Thursday, he said, A trade war and a decline in smartphone demand are holding Chinese manufacturers back from spending.
Yaskawa Electric Power Company (6506. T)
In January, robot manufacturers for factory automation also cut their annual operating profit outlook for the second time in three months.
The trade war of the month.
Japan has exported electronics and heavy machinery products to China for about a quarter, so it is seriously affected by the current weakening of the world's second-largest demandThe largest economy
Economists say the potential blow to Japan's growth is significant as companies quickly cut employee bonuses and capital expenditures as sales decline and inventory starts to pile up.
"I suspect that many economists will cut Japan's growth forecast for the first quarter of this year because there is a significant increase in downside risks," said Norio Miyagawa, senior economist at Mizuho Securities.
"Electronics and capital products are driving manufacturing in Japan, but we can't be optimistic that China's economic growth is slowing.
Washington is trying to reduce growth in the United States. S.
The trade deficit has triggeredfor-
The tat tariff hike with Beijing has upset business leaders and policymakers.
As exports slowed, factory activity fell, and consumer demand for the latest technology products evaporated, China's economy was hit hard.
China's woes are now spreading around the world, prompting warnings about Apple's sales or profits (AAPL. O)
To Samsung 005630
Taiwan Semiconductor Manufacturing Co. , Ltd. 2330. TW).
Nidec's component production for Chinese car and home appliance manufacturers has fallen by 30-
40% the list, adjusted for these customers in November and December, may be extended for a final six-month period, saying that Japan's electricity producer, Wushen Nagamori, created the CEO of its own company in 1973.
"During my long management career, I have never seen a downturn like in November, especially in December," Nagamori said . ".
But he has ruled out the possibility of changing his business plan.
There are many Japanese companies that produce goods for similar customers and are now in the same position as Nidec.
About 37% of Japan's exports are made up of electronic parts or manufacturing equipment, making it vulnerable to fluctuations in global demand.
Data from Japan's Ministry of Finance show that Japan's overall exports slowed in November as exports to China weakened.
In the same month, as manufacturers cut orders, machinery orders with leading indicators of capital expenditure also stagnated.
In the case of weak data, some Japanese electronics manufacturers are still optimistic that they can offset the impact of the decline in sales by leveraging the demand for electronic vehicles and self-driving auto partsdriving cars.
An example is the parts manufacturer Alpine Electric (6770. T)
60% of the company's revenue comes from the car business.
"We are a little worried about China," said Takashi Sogo, manager of alpine electric public and investor relations group.
"However, our products in the automotive sector tend to be luxury cars, and we think the business will remain stable.