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April 29, 2024
 

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RESTRUCTURING

BUSINESS / Companies
Jan 19, 2016
Japan government fund considers ¥300 billion Sharp investment to counter Hon Hai offer
A government-backed fund is considering investing around ¥300 billion in Sharp Corp. to assist its restructuring, raising the amount to counter an offer by Taiwan's Hon Hai Precision Industry Co., sources said Tuesday.
Japan Times
BUSINESS / Companies / FOCUS
Dec 30, 2015
Electronics makers may be set for rethink after Toshiba scandal
Japanese electronics makers may be in for a rethink of the country's manufacturing strategy as Toshiba Corp. is set to proceed with an overhaul of loss-making operations in the wake of an accounting scandal.
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.
Japan Times
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 31, 2015
Sharp logged group net loss in April-June for fifth straight year
Sharp Corp. said Friday it remained in the red in the April-June period for the fifth straight year with a net loss of ¥33.98 billion due to sluggish sales of liquid crystal displays for smartphones.
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.
Japan Times
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.
BUSINESS / Companies
Jun 4, 2015
Sharp to trim base salaries as much as 2%, seek early retirement
Struggling electronics firm Sharp Corp. plans to cut base salaries by 1 to 2 percent from August through March next year in a cost-cutting effort to return to profitability, sources close to the matter say.
BUSINESS / Companies
Jun 1, 2015
Sharp paid board members more last year despite huge losses
Despite incurring huge losses in its slumping liquid-crystal display and solar panel businesses, struggling electronics firm Sharp Corp. paid its board members more last fiscal year than the previous year, a document showed Monday.
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.
Japan Times
BUSINESS / Companies
Mar 3, 2015
Sharp facing ¥200 billion loss, may close plants
Sharp Corp. is expected to post a group net loss of about ¥200 billion this fiscal year and is considering additional restructuring, including the closure of four factories in Hiroshima Prefecture.
Japan Times
BUSINESS / Companies
Feb 26, 2015
Sony chief denies spinoffs mean immediate withdrawal
Sony Corp. President Kazuo Hirai said on Wednesday the company would not immediately sell off businesses such as its TV and mobile phone units that it is spinning off.
Japan Times
BUSINESS / Companies / FOCUS
Feb 20, 2015
Sony faces struggle to find growth path
Sony Corp. has unveiled its latest multiyear business plan, including spinning off its 36-year-old Walkman portable music player unit to cut costs, but it is unclear whether the reforms will be enough to secure growth.
Japan Times
BUSINESS / Companies
Jan 22, 2015
Sony's early retirement program targets development sector workers
In a move that shows how seriously Sony Corp. is taking efforts to rehabilitate its operations, the firm will solicit applicants for early retirement from its prized development sector starting next month as part of efforts to restructure and cut costs, company officials said Wednesday.
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.
Japan Times
BUSINESS / Companies
Sep 16, 2014
Pioneer to cut 2,000 jobs in bid to restructure
Pioneer Corp. said Tuesday it will cut more than 2,000 jobs — 10 percent of its group workforce — through voluntary retirement by employees and sales of noncore businesses to promote its rehabilitation.
BUSINESS / Companies
Jul 31, 2014
Panasonic's revamp efforts continue to pay dividends
Panasonic Corp. said Thursday that its operating profit grew in the April-June quarter on the back of efforts to restructure by shifting focus to industrial markets instead of less profitable consumer products.
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 / Companies
Jul 2, 2014
Sony completes sale of PC business, splits TV operation
Sony Corp. has completed the sale of its Vaio personal computer business to a Tokyo-based investment fund and split its television operation as it restructures to turn around its flagging electronics business.
Number of homeless in Japan hits record low
Homeless people sleep on the street in Tokyo's Shinjuku Ward in August 2021.
Raising kids in Japan as a single parent? It takes a village.
Making things work as a foreign, single mother in Japan isn't easy, but these tips and tricks can help you through the hardest parts.
JAL cancels international flight after captain gets drunk at Dallas hotel
A Japan Airlines' flight from Dallas to Tokyo was canceled last week after its captain got drunk at a local hotel.
In Japan, regional revitalization fails to halt population decline
Sakiyama elementary school in Tamba, Hyogo Prefecture, in March .Over the past decade, the government has directed efforts toward policies designed to give young people incentives to base themselves in rural areas.
Putin’s war will soon reach Russians’ tax bills
Russian President Vladimir Putin speaks during a meeting in St. Petersburg on Friday.
Climate change, chalky grains and the risks for Japan’s rice farmers
A farmer plants seedlings in Satsumasendai, Kagoshima Prefecture. Japan’s self sufficiency rate for rice is nearly 100%, compared with 38% for food overall, on a calorie basis.
Japan wants you to spend more with ‘luxury tourism’
Performers play a traditional drum unique to Wajima, Ishikawa Prefecture, in the prefectural capital of Kanazawa on March 16 to mark the extension of the Hokuriku Shinkansen line to Tsuruga Station in Fukui Prefecture.
Theaster Gates’ ambitious ‘Afro-Mingei’ brings Black Chicago to Tokyo
Theaster Gates' “A Heavenly Chord” lines up church pews before seven speakers and a Hammond B3 organ, a type of electric organ prevalent in Black American churches.
Casa del Cibo: A thriving jewel born from Tohoku’s harsh past
When chef Ryohei Ikemi moved to Hachinohe, Aomori Prefecture, and opened Casa del Cibo in 2011, it was the first proper Italian restaurant in the city.
Town to block view of Mount Fuji in response to overtourism
The town government of Fujikawaguchiko, Yamanashi Prefecture, decided to set up a 2.5-meter-high screen to prevent tourists from taking pictures of Mount Fuji looming behind a convenience store.

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