Panasonic, Sharp pull up as Sony lags

May 15, 2014

Panasonic, Sharp pull up as Sony lags

by Kazuaki Nagata

Vigorous streamlining efforts paid off for Panasonic Corp. and Sharp Corp., two of Japan’s three major electronics firms, in fiscal 2013, but Sony Corp. struggled to rebuild as its mainstay businesses continued to lose money. Thanks to drastic cost-cutting efforts and a restructuring of ...

Sony posts massive annual net loss

May 14, 2014

Sony posts massive annual net loss

by Kazuaki Nagata

Sony Corp. continues to struggle to rebuild its electronics businesses, reporting on Wednesday a ¥128.4 billion net loss for the business year that ended March 31. Its sales for fiscal 2013 increased to ¥7.7 trillion, up 14.3 percent, thanks to a weaker yen, steady ...

FHI to stop making Toyota's Camrys in U.S.

May 9, 2014

FHI to stop making Toyota's Camrys in U.S.

Fuji Heavy Industries Ltd., the maker of Subaru cars, will stop making the Camry in the United States for Toyota Motor Corp., its largest shareholder. Fuji Heavy will end output of the model at its plant in Indiana in the second half of 2016, ...

May 8, 2014

Mitsubishi Estate turns first profit in three years

Mitsubishi Estate Co. said Thursday that full-year earnings rose for the first time in three years as profit margins at its residential business improved and office rents recovered. Net income gained 41 percent to ¥64.3 billion for the year ended March 31, the company ...

Sony reports loss 18% bigger than forecast

May 1, 2014

Sony reports loss 18% bigger than forecast

Sony Corp., the maker of Xperia smartphones and PlayStation consoles, posted a loss 18 percent larger than forecast as the company cut earnings for the third time in the past year amid slumping consumer electronics sales. The net loss was ¥130 billion ($1.3 billion) ...

Apr 30, 2014

Tepco reports profit for first time since '11

Tokyo Electric Power Co. moved into the black in fiscal 2013 thanks to drastic cost-cutting efforts taken in response to the Fukushima nuclear disaster. Tepco is restructuring after effectively being put under state control after the March 2011 quake and tsunami triggered core meltdowns ...

Sales rise boosts operating profit at Honda by 38%

Apr 25, 2014

Sales rise boosts operating profit at Honda by 38%

by Masaaki Kameda

Honda Motor Co. said Friday it logged a group operating profit of ¥750.2 billion, up 37.7 percent, for the business year ended March on higher sales of four-wheel vehicles and motorcycles and the yen’s fall. Consolidated net profit jumped 56.4 percent to ¥574.1 billion ...