Feb 21, 2017

Toshiba seeking at least ¥1 trillion from chip unit sale

Toshiba Corp. is looking to raise at least ¥1 trillion ($8.8 billion) from the sale of its memory chip business and will aim to complete the transaction by March 2018, according to a source familiar with the matter. The deal will likely result in ...

May 24, 2016

Sharp to keep solar panel business under Taiwan's Hon Hai

Sharp Corp. is set to retain its struggling solar panel business, judging that it can become profitable with the help of Taiwan’s Hon Hai Precision Industry Co., according to an in-house document. In the document posted Monday on its website for employees, Sharp President ...

Jan 29, 2016

Mitsui O.S.K. expects to sink into red ink for business 2015

Shipping giant Mitsui O.S.K. Lines Ltd. said Friday it will fall into the red in the business year ending in March after incurring huge restructuring costs amid deteriorating profitability on sluggish demand linked to China’s economic slowdown. The company is forecasting a consolidated net ...

Sep 29, 2015

Skymark launches new management team as it implements turnaround plan

Embattled carried Skymark Airlines launched a new management team Tuesday to implement a rehabilitation plan, picking top officials at an extraordinary shareholders meeting. Skymark concluded a code-sharing pact with All Nippon Airways, a unit of ANA Holdings Inc., as part of the rehabilitation plan, ...