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, ...

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) ...

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 ...

Jul 29, 2015

Scandal-hit Toshiba eyes retaining Muromachi as president

Toshiba Corp. is looking at the possibility of retaining temporary President Masashi Muromachi when it appoints its new management team next month as it regroups following an accounting scandal, according to company sources. Muromachi, who is also Toshiba chairman, tentatively took over the presidency ...

Jul 27, 2015

Canon profit tumbles 20.5% on weak camera demand

Canon Inc. said Monday that its net profit fell 20.5 percent in the first six months of the year as smartphones increasingly take a bite out of demand for digital cameras. The photography and office equipment giant reported a ¥102.13 billion ($830 million) profit ...

Jul 25, 2015

Muromachi to lead Toshiba recovery

Toshiba Corp. plans to have interim chief Masashi Muromachi relinquish the title of chairman to focus on the role as president, informed sources told Jiji Press. Muromachi will lead an effort to recover from the accounting scandal that rocked the industrial and electronics company. ...