Aug 27, 2015

Toshiba eyes appointing Shiseido adviser Maeda as board chairman

Toshiba Corp. is considering naming Shinzo Maeda, senior adviser to cosmetics-maker Shiseido Co., as chairman of its revamped board in order to improve corporate governance at the industrial conglomerate that’s mired in an accounting scandal, sources close to the matter said Thursday. The new ...

Aug 27, 2015

French woman wins disability grant for 'gadget allergy'

A French court has awarded a disability grant to a woman claiming to suffer from a debilitating allergy to electromagnetic radiation from everyday gadgets such as cellphones. The applicant, Marine Richard, 39, hailed the ruling as a “breakthrough” for people afflicted by electromagnetic hypersensitivity ...

Aug 26, 2015

Panasonic to shut down battery factory in Beijing

Panasonic Corp. will close a lithium-ion battery factory in Beijing due to deteriorating profitability amid stiff competition with South Korean rivals, sources close to the matter said Wednesday. The major Japanese electronics-maker will end production later this month at the earliest and lay off ...

Aug 25, 2015

White goods shipments rose in July for third straight month

White goods shipments in Japan rose 7.1 percent in July from a year earlier to ¥242.2 billion, up for the third month in a row, an industry group said Tuesday. The shipments, which include air conditioners, held firm thanks to higher temperatures in Japan ...

Aug 22, 2015

3,234 Sharp employees apply for voluntary retirement program

Sharp Corp. said Friday that 3,234 employees have applied for its voluntary retirement program. The figure fell below the 3,500 voluntary retirements that the struggling major consumer electronics maker had targeted. The company will log costs of about ¥24.3 billion ($200 million) for the ...

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 ...

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

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 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. ...