May 12, 2016

Toshiba posts ¥483.2 billion loss on Westinghouse writedown

Toshiba said Thursday that it suffered a ¥483.2 billion full-year net loss as the troubled conglomerate booked a massive writedown of its U.S. nuclear unit. It said the worst was over and forecast profits for the current business year. Once a proud pillar of ...

May 6, 2016

Toshiba VP Tsunakawa to become president in June

Toshiba Corp. said Friday it will promote Vice President Satoshi Tsunakawa to replace President Masashi Muromachi as the industrial conglomerate aims to rebuild itself under new leadership. The company’s board of directors made the decision on Friday. The personnel change is expected to take ...

Apr 27, 2016

Nintendo's net profit drops 61% in FY 2015 as stronger yen bites

Nintendo Co. said Wednesday its group net profit fell 60.6 percent in the 2015 business year ended last month to ¥16.51 billion ($139.5 million), bruised by the yen’s appreciation against major currencies and languid portable game sales. With nearly three-quarters of the video game ...

Apr 27, 2016

Toshiba reduces projected loss for 2015 business year

Toshiba Corp. has said it plans to book an asset impairment loss of around ¥260 billion in its results for the year to March 31 by writing down the value of its U.S. nuclear power subsidiary Westinghouse Electric Co., which it acquired in 2006. ...

Apr 21, 2016

Sharp, Hon Hai to develop TVs jointly

As Sharp Corp. prepares to be taken over by Taiwan’s Hon Hai Precision Industry Co., it is planning to develop household appliances jointly with its new partner and aims to have televisions ready for sale by the end of the year, an executive at ...

Mar 31, 2016

Panasonic drops ¥10 trillion sales target in fiscal 2018

Panasonic Corp. on Thursday dropped its goal of achieving ¥10 trillion in sales in fiscal 2018 as the electronics-maker struggles to build momentum for sustainable growth after restructuring. After a review of its business strategy, Panasonic is now aiming at ¥8.8 trillion in the ...