Edition:
United Kingdom

Makiko Yamazaki

Apple supplier Japan Display forecasts 5th straight year of losses

14 Feb 2019

TOKYO Japan Display Inc said it expects to post its fifth straight year of net losses, with a late shift to organic light-emitting diode (OLED) screens and slowing iPhone sales costing it orders from Apple Inc, its biggest client.

Sony stock jumps after first-ever share buyback announcement

08 Feb 2019

TOKYO Sony Corp announced its first-ever major share buyback on Friday, worth 100 billion yen (£702.8 million), helping its stock recover from a hammering days earlier when investors freaked over lacklustre earnings. | Video

Panasonic shares plunge after profit warning, Tesla's Maxwell deal

05 Feb 2019

TOKYO Panasonic Corp shares fell almost 6.5 percent on Tuesday after the electric vehicle (EV) battery maker reported a drop in quarterly earnings and cut its full-year outlook, just as EV partner Tesla Inc branched out in battery tech.

Panasonic cuts profit outlook on slowing China demand; Tesla business a bright spot

04 Feb 2019

TOKYO Japan's Panasonic Corp cut its annual profit outlook after disappointing quarterly earnings it blamed on a slowing Chinese economy hit by a trade war with the United States that hurt demand for auto components and factory equipment.

Sony's profit disappoints as weaker games biz overshadows record result

01 Feb 2019

TOKYO Japan's Sony Corp reported lower-than-expected profit on Friday as its previously thriving gaming business sagged, though a one-off gain related to its acquisition of EMI nevertheless pushed the quarterly result to a record high. | Video

Toyota, Panasonic setting up EV battery JV amid rising China competition: source

21 Jan 2019

TOKYO Toyota Motor Corp and Panasonic Corp are set to launch a joint venture next year to produce batteries for electric vehicles (EV) in an effort to compete with Chinese rivals, a source familiar with the matter said.

Hitachi halts UK nuclear project as energy supply crunch looms

17 Jan 2019

LONDON/TOKYO Japan's Hitachi Ltd put a $28 billion (£21.6 billion) nuclear power project in Britain on hold on Thursday, dealing a blow to the country's plans for the replacement of ageing plants. | Video

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