Tag - restructuring

 
 

RESTRUCTURING

Japan Times
BUSINESS / Companies
Mar 23, 2017
Toshiba says Westinghouse board to decide on bankruptcy
Toshiba Corp. said the board of its nuclear unit Westinghouse will decide whether to file for bankruptcy, suggesting that is one option under consideration as it struggles with billions of dollars in liabilities from cost overruns on nuclear construction projects.
JAPAN / NATIONAL SPOTLIGHT
Mar 19, 2017
Toshiba turnaround hopes, planned sale of Westinghouse find skeptics
Toshiba Corp. has been forced to sell off a number of its businesses as it continues to lose money since its accounting scandal broke in 2015, and is now burdened with its troubled U.S. nuclear unit Westinghouse Electric Co.
BUSINESS / Companies
Feb 21, 2017
Toshiba seeking at least ¥1 trillion from chip unit sale
Toshiba Corp. is looking to raise at least ¥1 trillion ($8.8 billion) from the sale of its memory chip business and will aim to complete the transaction by March 2018, according to a source familiar with the matter.
Japan Times
BUSINESS / Companies
Dec 9, 2016
Troubled Takata to exit posh Roppongi digs, move HQ to cheaper waterfront redevelopment district
Takata Corp. will move its head office from a posh building in an upscale Tokyo district to a redeveloped area to cut costs, as the troubled air-bag maker fights to survive the biggest recall in the auto industry's history.
BUSINESS / Companies
May 13, 2016
Sharp's 'subpar' performance prompts Hon Hai to warn of job cuts but vow to reward dedicated ranks
Terry Gou warns his newly acquired employees of job cuts while promising to reward those who commit to rebuilding.
Japan Times
BUSINESS / Companies / ANALYSIS
Dec 17, 2015
Experts see tough road ahead for Sharp and its LCD division
A struggling Sharp Corp. has reached a crossroads as it will soon need to decide what to do with its signature LCD business.
BUSINESS / Companies
Nov 4, 2015
Sharp bond risk jumps as losses over 4½ years top $10 billion
Sharp Corp.'s default risk jumped to a two-year high as losses in the past 4½ years topped ¥1.2 trillion ($10 billion).
Japan Times
BUSINESS / Companies
Oct 30, 2015
Sharp's vision for recovery blurred as it posts further losses
Electronics-maker Sharp Corp.'s recovery seemed on the blink Friday as it posted a ¥25.1 billion operating loss and ¥83.6 billion net loss for the first half of fiscal 2015. The news came days after Sharp sharply reduced its expectations for the period ahead.
BUSINESS / Companies
Jul 30, 2015
Sharp's quarterly smartphone stumble seen paring annual outlook
Sharp Corp.'s expected first-quarter loss may deepen skepticism that demand for smartphone displays will fuel a recovery strong enough to meet its full-year profit target.
BUSINESS / Companies / FOCUS
Jul 7, 2015
Sharp's future relies on Apple after Japan banks extend lifeline
Sharp Corp. forked over some of its equity to banks last week after defaulting on debt to the lenders, winning a new lease on life that leaves it dependent on their goodwill and the support of Apple Inc., its biggest customer.
Japan Times
BUSINESS / Companies
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.
BUSINESS / Companies
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.
BUSINESS / Companies
Jul 25, 2014
Sharp to pull out of last overseas solar panel venture
In a further reorganization of its solar business, Sharp Corp. is pulling out of its Italian solar venture, its last overseas panel manufacturing plant.
Japan Times
BUSINESS / Economy
Nov 18, 2013
Japan Inc. doubles profit on quick cost-cutting moves
Companies that made tough decisions about exiting businesses, closing factories and revamping management led to a doubling of corporate earnings last quarter, now at the highest level since 2007.

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