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. ...

Jul 15, 2015

Toshiba CEO to step down in September over accounting scandal

Toshiba Corp. Chief Executive Hisao Tanaka will step down in September along with other board members including Vice Chairman Norio Sasaki to take responsibility for accounting irregularities, sources familiar with the matter said. The Japanese conglomerate has hired a third-party committee to investigate past ...

Jul 7, 2015

Electronics unions to demand wage hikes in this year's labor talks

An umbrella body of labor unions at Japanese major electronics makers is set to demand pay increases during the 2016 shunto annual labor-management talks, said Shoji Arino, leader of the body. At a regular conference of the Japanese Electrical, Electronic & Information Union in ...