Hit rewind: Sony Walkman triggers nostalgia on 40th birthday
Once the icon of the Japanese electronics industry and a must-have device, Sony's Walkman turned 40 this year and like its now middle-aged fans is clinging to its youth with high-tech updates. On July 1, 1979, as the global economy suffered through the second oil ...
Canon's profit on track to fall by 36%, hit by weak China demand
Canon Inc. said Wednesday its group net profit for this business year is now projected to fall by 36.7 percent from a year earlier, citing weakening demand for cameras in the Chinese market. Canon slashed its group net profit forecast for the year through December ...
Foxconn's Terry Gou announced Friday he is stepping down as chairman of the major contract electronics maker formally known as Hon Hai Precision Industry Co. but will remain on its board as he campaigns to become president of Taiwan. Board members subsequently elected Young Liu, ...
Sharp calls U.S.-China trade war an 'opportunity' to expand business
Sharp Corp. said Tuesday trade frictions between the United States and China could provide an "opportunity" to expand its business with Chinese companies, in contrast to many other manufacturers who have voiced concerns. Sharp CEO and Chairman Tai Jeng-wu said at a news conference the ...
This Japanese toaster costs ¥30,000. It only makes one slice at a time
Perfectly made toast isn't just an obsession in Japan. It's a business opportunity. Over the past few years, there's been a quiet boom in the pursuit of expertly reheated bread, from high-end toasters and premium loaves, to cafes catering to connoisseurs seeking that satisfying crunch. Joining ...
Toshiba net profit up 26% in fiscal 2018 after selling chip unit
Toshiba Corp. said Monday its group net profit in the year ended March rose 26 percent to a record ¥1.01 trillion after selling its prized chip unit in June. The technology conglomerate's bottom line was boosted by the ¥2 trillion ($18 billion) sale of Toshiba ...
Sharp to re-enter U.S. TV market after reaching agreement with Hisense on brand rights
Sharp Corp. said Wednesday it will re-enter the U.S. TV market for the first time since 2015 after reaching a deal with Chinese electronics maker Hisense Group on rights to sell its brand in the world's largest economy. Sharp sold its rights to use the ...
Sony posts record net profit for second straight year on solid game and music sales
Sony Corp. said Friday it posted a record net profit in the business year ended in March for the second consecutive year, lifted by strong sales of games and music. The electronics and entertainment giant reported a group net profit of ¥916.27 billion ($8.2 billion), ...
Canon expects net profit to drop 21% in 2019 amid China slowdown
Canon Inc. said Wednesday it now expects its group net profit in 2019 to dive 20.9 percent from a year earlier to ¥200 billion ($1.79 billion), lowering its outlook due to weak sales of camera products amid an economic slowdown in China. The company had ...
Daniel Loeb's Third Point hedge fund building a stake to pressure Sony, sources say
Daniel Loeb's hedge fund Third Point LLC is building a stake in Sony Corp. to push for changes, the second time in six years it has targeted the electronics maker, according to sources familiar with the matter. Once a market leader in consumer electronics, Sony ...
LCD maker Japan Display reaches bailout deal with China-Taiwan consortium
Display panel maker Japan Display Inc. has reached a broad agreement to receive a capital injection of ¥60 billion ($538 million) to ¥80 billion from a Chinese-Taiwanese consortium, a source close to the matter said Wednesday. The company, known as JDI, is a key supplier ...
Yodobashi to buy outdoor goods shop operator ICI Ishii-Sports
Major electronics retailer Yodobashi Holdings said Wednesday it will acquire outdoor goods shop operator ICI Ishii-Sports as early as the end of this month. The operator of Yodobashi Camera stores will buy all outstanding shares in ICI Ishii-Sports including those held by investment fund Advantage ...
