Mar 21, 2015

Hon Hai takes another look at Sharp

Taiwan’s Hon Hai Precision Industry Co., also known as Foxconn, might make another offer to invest in ailing Sharp Corp., according to a Hon Hai source. In March 2012, the two electronics makers agreed that Hon Hai would invest about ¥67 billion in Sharp ...

Sharp considers shedding 5,000 jobs worldwide

Mar 19, 2015

Sharp considers shedding 5,000 jobs worldwide

Struggling electronics maker Sharp Corp. is considering shedding 5,000 jobs, or about 10 percent of its global workforce, informed sources said Thursday. To slash fixed costs, Sharp will also look at reducing salaries in Japan, the sources said. The fresh downsizing plan will likely ...

Mar 12, 2015

Panasonic to sell Sanyo electronics unit to investment fund

Consumer electronics giant Panasonic Corp. said Wednesday it will sell Sanyo Techno Solutions Tottori Co., an electronics unit of new subsidiary Sanyo Electric Co., to an investment fund on March 31. A special purpose company owned by Tokyo-based J-Will Partners Co. will acquire the ...

Sony to finally launch PlayStation 4 in China next week

Mar 11, 2015

Sony to finally launch PlayStation 4 in China next week

Sony announced that it will begin selling its PlayStation 4 gaming console in China next week following a more than two-month delay. The console had been due to hit Chinese shelves Jan. 11, but Sony abruptly announced a delay just three days beforehand without ...

Panasonic comeback seen in biggest bond sale since 2011

Mar 11, 2015

Panasonic comeback seen in biggest bond sale since 2011

Panasonic Corp. has completed the biggest bond sale to Japan’s institutional investors since 2011 after the electronics maker forecast its best profit in seven years. The ¥400 billion offering included 10-year notes with a yield of 0.934 percent, compared with the 0.57 percent average ...

Mar 10, 2015

Sharp eyes LCD shift to business products

by Kazuaki Nagata

Sharp Corp. said Tuesday it aims to expand sales of LCD panels for business products to establish a more stable portfolio rather than depend on highly volatile consumer products. The struggling Osaka-based firm still has a technological edge in the LCD panel business, allowing ...

Sharp mulls ending overseas TV output except for China

Mar 6, 2015

Sharp mulls ending overseas TV output except for China

Sharp Corp. is considering ceasing all overseas production of LCD televisions with the exception of operations in China as it tries to improve the picture for its flickering TV business, sources close to the matter said. The ailing electronics maker has suffered multiple years ...

Sony chief denies spinoffs mean immediate withdrawal

Feb 26, 2015

Sony chief denies spinoffs mean immediate withdrawal

Sony Corp. President Kazuo Hirai said on Wednesday the company would not immediately sell off businesses such as its TV and mobile phone units that it is spinning off. Last week , Hirai did not rule out the potential sale of those struggling units ...

Sony faces struggle to find growth path

| Feb 20, 2015

Sony faces struggle to find growth path

by Shinya Ajima

Sony Corp. has unveiled its latest multiyear business plan, including spinning off its 36-year-old Walkman portable music player unit to cut costs, but it is unclear whether the reforms will be enough to secure growth. Kazuo Hirai, chief executive of the electronics and entertainment ...