Oct 22, 2015

EU slaps DVD drive-makers with €116 fine

Brussels A Hitachi Ltd.-LG Corp. joint venture and Sony Corp. were among a group of companies fined a combined total of €116 million ($131.6 million) by European Union regulators for fixing the prices of CD and DVD drives. Hitachi-LG Data Storage Inc. will have ...

Sony's Hirai says turnaround past midway point

Oct 8, 2015

Sony's Hirai says turnaround past midway point

Sony Corp.’s struggling electronics businesses have passed the midway point on the way to financial health, President Kazuo Hirai said. “Three years of restructuring are beginning to bear fruit,” Hirai told reporters during a group interview in Tokyo on Wednesday. “Except for smartphones, every ...

Oct 7, 2015

Sony spins out semiconductors as Hirai pushes accountability

Sony Corp. will spin out its semiconductor business into a new company as President Kazuo Hirai revamps the devices business to focus on hit products such as image sensors and considers selling underperforming assets. Sony Semiconductor Solutions Corp. will begin operating in April and ...

Sony's April-June profits more than triple to ¥82.4 billion

Jul 30, 2015

Sony's April-June profits more than triple to ¥82.4 billion

Sony said Thursday its April-to-June net profit more than tripled as video games and smartphone component sales got a lift, with the company emerging from a painful corporate restructuring that included layoffs and asset sales. The Tokyo-based electronics giant logged a quarterly net profit ...