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.
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.
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.
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.
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.
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.
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.