Edition:
United Kingdom

Makiko Yamazaki

Apple supplier Japan Display cannot promise return to profit, bailout worries stay

15 May 2019

TOKYO Cash-strapped Japan Display warned it cannot guarantee a return to profit this year as demand for smartphone screens stays weak, and turned in yet another quarterly loss, casting doubt over its proposed bailout deal with a Chinese-Taiwanese group.

Chinese group to delay bailout funding for Apple supplier Japan Display

13 May 2019

TOKYO A Chinese-Taiwanese group is delaying an up to 80 billion yen ($729.33 million) investment planned as part of a rescue deal for Apple Inc supplier Japan Display as it wants to reassess the target's prospects, the Japanese firm said.

Toshiba nominates non-Japanese to board, marking shift for Japan Inc

13 May 2019

TOKYO Toshiba Corp bowed to pressure from activist investors and said it would overhaul its board to include non-Japanese directors for the first time in 80 years, marking a dramatic shift at a cornerstone of corporate Japan.

Panasonic flags first profit drop in eight years, EV battery costs bite

09 May 2019

TOKYO Panasonic Corp warned profit this financial year would fall for the first time in eight years as costs to boost battery output rise and it moves to overhaul some businesses amid investor pressure to find new avenues of growth.

Sony flags disappointing profit, scraps targets as gaming slows

26 Apr 2019

TOKYO Sony Corp warned of a sharper-than-expected drop in its annual profit and scrapped some longer-term targets, in a sign a slowdown in its gaming business as its PlayStation 4 console nears the end of its life was beginning to hurt.

Chinese group to get control of Japan Display after $2.1 billion bailout

12 Apr 2019

TOKYO A Chinese-Taiwanese group will take control of Apple Inc supplier Japan Display after pumping in funds as part of a 232 billion yen ($2.1 billion) bailout plan for the troubled display panel maker.

Tesla, Panasonic to seek productivity gains before new battery investments

12 Apr 2019

TOKYO/BENGALURU Panasonic Corp and Tesla Inc will continue to make new investments in the U.S. electric carmaker's Gigafactory as needed, but believe they can squeeze more out of existing resources than previously planned, Tesla said on Thursday.

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