Jul 23, 2014

Sony to close lithium-ion battery base in Tochigi

Sony Corp. plans to close its design and development base for lithium-ion batteries in Shimotsuke, Tochigi Prefecture, by the end of September, transferring some 40 engineers to a plant in Koriyama, Fukushima Prefecture, sources said. By consolidating lithium-ion battery plants and improving efficiency, Sony ...

Jul 7, 2014

U.S. tightens security on electronics at overseas airports

The U.S. Transportation Security Administration will not allow cellphones or other electronic devices on U.S.-bound planes at some overseas airports if the devices are not charged up, the agency said Sunday. The new measure is part of the TSA’s effort announced last week to ...

Sony completes sale of PC business, splits TV operation

Jul 2, 2014

Sony completes sale of PC business, splits TV operation

Sony Corp. has completed the sale of its Vaio personal computer business to a Tokyo-based investment fund and split its television operation as it restructures to turn around its flagging electronics business. Sony’s Vaio-brand PC business in Japan was transferred to a company named ...

Hirai refuses to pull plug on Sony TV business

May 22, 2014

Hirai refuses to pull plug on Sony TV business

by Kazuaki Nagata

Sony CEO Kazuo Hirai said Thursday the company still expects to turn around its loss-making home electronics business, which includes TV sets, this fiscal year after completing restructuring. “When I became president, (Sony) decided rebuilding the electronics business was the most important issue, and ...

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 ...