Commentary / World Jul 22, 2020
South Korea's trade fight threatens serious long-term harm to Japan
by Brad Glosserman
Businesses in South Korea may someday thank Shinzo Abe for forcing them to develop their own ways to get strategic supplies.
Business Feb 11, 2020
by Junko Horiuchi
Japan's manufacturers have started moving production out of China because they fear the deadly coronavirus outbreak could prolong plant closures and wreak more havoc on their supply chains. Reallocating production outside of China means a temporary surge in costs and is not an easy decision ...
Business / Corporate Jan 18, 2020
Toshiba CEO Nobuaki Kurumatani to be given additional title of president in April
by Ayai Tomisawa and Yuki Furukawa
Toshiba Corp. Chief Executive Officer Nobuaki Kurumatani will add the title of president effective April, part of a revamp among top management aimed at speeding up decision-making. Satoshi Tsunakawa, the current president who was promoted in 2016 following an accounting scandal, will resign and become ...
Business / Corporate Jan 2, 2020
Sony cranking out image sensors round the clock to meet smartphone-fueled demand
by Yuki Furukawa
Sony Corp. is working around the clock to manufacture its in-demand image sensors, but even a 24-hour operation hasn't been enough. For the second straight year, the company will run its chip factories constantly through the holidays to try and keep up with demand for ...
Business / Corporate Nov 13, 2019
Toshiba posts ¥145 billion net loss in first half of fiscal year
Toshiba Corp. reported a net loss Wednesday of ¥145.15 billion ($1.3 billion) for the April-September period, due in part to taking a loss on the sale of a U.S. liquefied natural gas operation. The company's net loss compares with a profit of ¥1.08 trillion reported ...
Business / Corporate Nov 1, 2019
Sharp sees net profit fall 33.1% in April-September, attributes decline to weak TV sales
Sharp Corp. said Friday its group net profit in the April-September period fell 33.1 percent from a year earlier to ¥27.40 billion ($254 million), due to weak TV sales in overseas markets. Consolidated operating profit dropped 21.4 percent from a year earlier to ¥36.96 billion ...
Business / Corporate Oct 24, 2019
Japan Display to receive faster payments from Apple as additional financial support
Japan Display Inc. said Wednesday it will receive further financial support from Apple Inc. and other clients, as part of efforts to quell concerns over its financing arrangements. The ailing display maker said the U.S. tech giant will speed up payments to Japan Display for ...
Business / Corporate Sep 2, 2019
Japan Display might crank out next-gen OLEDs at Ishikawa plant, Lee says
Japan Display Inc. is exploring the idea of mass producing next-generation organic electroluminescent panels for smartphones at a domestic plant, the CEO of a China-Hong Kong consortium bailing out the troubled Apple Inc. supplier says. Winston Lee, CEO of Suwa Investment Holdings LLC, said making ...
Business / Corporate Aug 23, 2019
Chinese manufacturers eager to ink OLED panel tie-up with struggling Japan Display
Several Chinese manufacturers are interested in tying up with Japan Display Inc. to mass produce next-generation OLED panels for smartphones, a consortium that has agreed to bail out the troubled Apple Inc. supplier says. "As an independent Japanese company with a recognized leading technology, you ...
Business Aug 20, 2019
Japan releases second batch of high-tech material to South Korea, sources say
Japan has approved shipments of the material to South Korea for the second time since imposing tighter export restrictions last month, sources said Tuesday.
Business / Corporate Aug 20, 2019
Bando Densen of Japan expands cable production to Laos amid U.S.-China row
Electric wire maker Bando Densen Co. has set up a cable plant in Laos as part of its "China plus one" strategy, expanding production bases amid the U.S.-China trade row. Bando's Laotian arm, Bando Densen Lao Co., started producing cables for industrial use and home ...
Business / Corporate Jul 24, 2019
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 ...