NEWSWORTHY
Business / Corporate Nov 8, 2018
Pioneer's net loss more than triples to ¥9.93 billion in first half of fiscal year
Pioneer Corp.'s net loss more than tripled in the six months through the end of September, the first half of its fiscal year, due partly to increased costs for car navigation development. In September, the struggling Japanese car electronics maker said it will receive financial ...
Business / Corporate Oct 25, 2018
Toshiba Memory plans to hold IPO as soon as next autumn under new name
Toshiba Memory Corp., the world's second-largest maker of NAND flash memory chips, plans to move up an initial public offering and go public as soon as next autumn, sources close to the matter said Wednesday. The consortium led by U.S. private equity fund Bain Capital, ...
Business / Tech Oct 16, 2018
Firms offer a glimpse of future business models at CEATEC, Japan's biggest electronics trade show
by Kazuaki Nagata
Japan's biggest electronics trade show kicked off Tuesday, offering a future peek at how the latest technologies can be integrated into everyday living. This year's CEATEC (Combined Exhibition of Advanced Technologies) at Makuhari Messe in Chiba Prefecture is still making a push to cast off ...
Business / Corporate Oct 2, 2018
Sharp Corp. has completed its acquisition of Toshiba Corp.'s personal computer business, marking a return to the PC business after pulling out eight years ago. Aiming to nurture the PC operation as a new revenue source, Sharp will take over Toshiba's high-profile Dynabook brand and ...
Business Oct 2, 2018
General Electric has ousted its CEO, announced it took a $23 billion charge and said it would fall short of profit forecasts this year, further signs that the century-old industrial conglomerate is struggling to turn around its vastly shrunken business. H. Lawrence Culp Jr. will ...
Business / Corporate Sep 25, 2018
Maverick Harvard MBA shakes up a century of Panasonic's corporate culture
by Pavel Alpeyev and Yuki Furukawa
Panasonic Corp. has carefully cultivated a culture befitting its 100-year history, with many employees starting the day doing calisthenics and singing the corporate anthem. Now, Yasuyuki Higuchi is supposed to shake up those traditions. Higuchi, 60, last year took charge of the connected solutions business, ...
Business / Corporate Sep 11, 2018
Chipmaker Renesas Electronics Corp. said Tuesday it has agreed to buy U.S. peer Integrated Device Technology Inc. for about $6.7 billion (¥747 billion), aiming to boost its expertise in self-driving car technologies. The deal allows Renesas, second only to NXP Semiconductors NV in chips used ...
Business / Corporate Aug 31, 2018
Japan's Renesas Electronics in talks to acquire U.S. semiconductor maker IDT
Japanese chipmaker Renesas Electronics Corp. is in talks to acquire U.S. peer Integrated Device Technology Inc. for around $5.5 billion, sources said Friday. Through the acquisition, Renesas aims to obtain knowledge and skills for the development of semiconductors necessary for automated driving, as California-based IDT ...
Business / Corporate Aug 28, 2018
Panasonic beefs up TV lineup in Thailand with eye on 76% sales rise
Panasonic Corp. is aggressively promoting television sales in Thailand with the launch of new ultra-high-definition 4K models featuring screens 55 inches and larger amid the growing popularity of such premium products in the country. Its local sales unit, Panasonic Siew Sales (Thailand) Co., said it ...
Business / Corporate Aug 3, 2018
Sharp Corp. plans to pull out from domestic production of major appliances and shift to overseas manufacturing as part of streamlining efforts under Taiwanese parent Hon Hai Precision Industry Co., a source said Friday. With the move, the Osaka Prefecture-based company will draw the curtain ...