Business Topics

Jul 31, 2015

Sharp logged group net loss in April-June for fifth straight year

Sharp Corp. said Friday it remained in the red in the April-June period for the fifth straight year with a net loss of ¥33.98 billion due to sluggish sales of liquid crystal displays for smartphones. The Osaka-based electronics maker quickly announced additional restructuring steps, ...

Sony's April-June profits more than triple to ¥82.4 billion

Jul 30, 2015

Sony's April-June profits more than triple to ¥82.4 billion

Sony said Thursday its April-to-June net profit more than tripled as video games and smartphone component sales got a lift, with the company emerging from a painful corporate restructuring that included layoffs and asset sales. The Tokyo-based electronics giant logged a quarterly net profit ...

Jul 30, 2015

JFE announces participation in Vietnamese steel project

Japan’s JFE Steel Corp. said Thursday it will acquire a 5 percent stake in a large-scale Vietnamese steel plant project spearheaded by a Taiwanese steelmaker and will provide the project with technical support. JFE Steel is the first Japanese steelmaker to participate in an ...

Toshiba unveils more exec pay cuts over accounting scam

Jul 30, 2015

Toshiba unveils more exec pay cuts over accounting scam

Toshiba Corp. has announced an additional round of punishments over its accounting scandal — pay cuts affecting 16 executives, including Chairman and President Masashi Muromachi — and the resignation of another executive. Muromachi will have his executive salary slashed by half for an undecided ...

Jul 30, 2015

Fujitsu plunges into the red as PC sales fall

Fujitsu on Thursday warned that it plunged into the red in the April-June period on sluggish sales of personal computers and network equipment but said it will still meet its full-year profit target. The sprawling IT conglomerate fell into a ¥27.3 billion operating loss ...

Jul 29, 2015

Nissan group net profit hits record ¥152.8 billion in April-June

Nissan Motor Corp. reported Wednesday a record group net profit of ¥152.8 billion for the April-June quarter, up 36.3 percent from a year earlier, reflecting strong sales in North America and Europe and the weak yen. Nissan’s consolidated operating profit rose 58 percent to ...

Jul 29, 2015

Tepco's quarterly profit triples as fuel prices plunge

Tokyo Electric Power Co., operator of the wrecked Fukushima No. 1 nuclear plant, said its first-quarter operating profit tripled as a drop in fuel prices helped cut costs. Tepco, as Japan’s biggest utility is known, posted an operating profit of ¥228.3 billion ($1.85 billion) ...

Panasonic three-month net profit soars more than 50%

Jul 29, 2015

Panasonic three-month net profit soars more than 50%

Japanese electronics giant Panasonic Corp. said Wednesday that its net profit soared 57 percent from a year ago, mainly thanks to a tax accounting change as the electronics giant continues to reshape its business. The Osaka-based firm’s earnings for the three months to June ...

Jul 29, 2015

Nissan profits beat estimates as deliveries increase in U.S.

Nissan Motor Co. reported profits that beat analyst estimates as deliveries increased in the U.S., its biggest market. Net income rose to ¥152.8 billion ($1.2 billion) in the quarter ended June from ¥112.1 billion a year earlier, Nissan said on Wednesday. That exceeded the ...