Jun 30, 2015

Sharp in 'selective default,' S&P says

Troubled electronics maker Sharp is in “selective default,” ratings agency S&P said, the latest blow to the one-time giant as it struggles to repair a tattered balance sheet. The move comes after Sharp announced that it was issuing preferred securities to its main lenders, ...

Jun 1, 2015

Sharp paid board members more last year despite huge losses

Despite incurring huge losses in its slumping liquid-crystal display and solar panel businesses, struggling electronics firm Sharp Corp. paid its board members more last fiscal year than the previous year, a document showed Monday. Sharp doled out a total of ¥313 million ($2.5 million) ...

Sharp forecasts return to profit in solar business next year

Mar 31, 2015

Sharp forecasts return to profit in solar business next year

Sharp Corp. said its energy solutions business will probably return to profit next fiscal year as it shifts to sales of solar panels and batteries to households in Japan. The maker of smartphone displays, televisions, appliances and solar cells will invest ¥1.4 billion by ...

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 ...

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

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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 ...

Nov 18, 2014

Engineer mobility at Samsung is a lesson for troubled Sony

Samsung Electronics Co. is giving Sony Corp. a lesson in quick decision-making by moving engineers from its smartphone unit less than a month after posting a profit slump in the business. Samsung is transferring about 500 workers from mobile phones and allocating them largely ...