Tagged With "Korean-Japanese"

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BlackRock lends 46 million shares as shorts target Toshiba

Art Post ·
TOKYO: Buried in an obscure filing this week was another hint of the trouble faced by Toshiba Corp. BlackRock Inc, the third-biggest owner of the embattled Japanese company, indicated in a report to the finance ministry that there’s been a huge increase in the stock it has out on loan. The world’s largest money manager said about 46 million Toshiba shares owned by its units, or about one-fifth of its total stake, are temporarily being held by others. That’s up from just 1.4 million when it...
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Brave is the auditor that takes on Toshiba’s accounts

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PwC Aarata took a big gamble last year when it took over the audit of Toshiba’s scandal-marred accounts. Its predecessor Ernst & Young ShinNihon had incurred heavy reputational damage after regulators in 2015 accused the accounting firm of failing to detect that the Japanese industrial conglomerate had inflated its profits by $1.3bn over seven years. It was a risky wager but one that also posed an opportunity for PwC, which has the smallest share of the Japanese auditing market among the...
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Re: Ricoh MP 3352/2553 series

txeagle24 ·
Open it in Google Chrome with Translate turned on. It doesn't translate everything but handles most of the specs.
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Canon & Ricoh Courting Lexmark International

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Lexmark International Inc., the computer-printer maker working with Goldman Sachs Group Inc. to seek strategic alternatives, has attracted first-round bids from private equity firms Thoma Bravo and Vista Equity Partners for its software division, according to people familiar with the situation. The company has separately received interest from Japanese companies including Canon Inc. and Ricoh Co. for its hardware unit, said two of the people. As part of its strategic review, Lexmark is...
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Re: Canon & Ricoh Courting Lexmark International

Art Post ·
http://www.industryweek.com/ch...ct-thoma-bravo-vista
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Re: Canon & Ricoh Courting Lexmark International

Art Post ·
http://www.kentucky.com/news/b...article60861197.html
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Re: Foxconn Founder Warns Layoffs Are Needed to Revive Sharp

Art Post ·
gotta wonder how far the cuts will go, a report yesterday stated Sharp may cut 1,000 jobs from the photocopier business unit
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Re: Toshiba plans to sell US nuclear division Westinghouse and raise £4bn

Art Post ·
I guess the fire sale is under way @fullspeed
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Re: Sharp CEO States "I believe it is my responsibilty to...)

Czech ·
No money means no R&D. Sharp is getting destroyed in Canada. Since Konica Minolta purchased Pitney Bowes' imaging division (Sharp's largest dealer in Canada), they've been offering customers massive incentives to flip their Sharp gear into KM bizhubs. I think there's more value in Sharp's direct channel base customer list than the actual technology. I've always found the MX series to be lacking in quality and ease of use. Prices have come down on Tier 1 products which means Tier 2...
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Re: Japan’s Sharp Cutting It Close

Art Post ·
I was able to read this on my ipad. Interesting point that rarely does a Japanese company go bankrupt. Another interesting point is that the banks will gain additional share in Sharp. The last point, in all of the recent articles, there is no mention to the imaging division.
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Re: Japan’s Sharp Cutting It Close

Art Post ·
read this, even better than the Wall Street Journal!! http://www.bloomberg.com/news/...-options-for-funding
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Re: Out of desperation, Sharp begs its own workers to buy Sharp products

Art Post ·
Hey, what a great idea, maybe all of the USA Sharp execs could buy their own copiers for their homes, that would surely give them a big boost in Japan. I would buy the RoBoHon if it was on the market! It's cool!
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Re: Out of desperation, Sharp begs its own workers to buy Sharp products

GIntel ·
I don't have a problem with this, I know people who work for Scott tissue who would rather use their sleeve than blow their nose on a Kleenex. My company buys PCs from the brands who are also our clients. Etc, I almost feel like if you have pride in your company and brand you should want to go out of your way to buy the products. Maybe not the Sharp Polaris Pro series though... Have a great weekend everyone,
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Re: Out of desperation, Sharp begs its own workers to buy Sharp products

GIntel ·
Just read the article, didn't know employees had "suggested" purchase values... I take it back!
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Re: Ricoh wants buyers for 2 units amid overall slump

Art Post ·
We've posted a new survey about Ricoh, here's the link https://www.p4photel.com/survey...global-restructuring
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Re: Konica Minolta has launched a pocket-sized device that alerts you about unpleasant body smells via an app

Art Post ·
Leave it up to those Japanese for innovating and moving outside of their comfort zone
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Re: Toshiba searches for a new 'spine'

Art Post ·
Interesting about IOT and the manufacturing process, gonna have to re read this one.
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Re: Toshiba searches for a new 'spine'

SalesServiceGuy ·
Toshiba announced this week, breakthrough electric vehicle battery technology that will enable a compact car to travel 320 km (190 miles) on a six minute recharge. Available in 2019. Toshiba SCiB batteries are currently in Honda Fit EV and Mitsubishi MiEV cars. I was in a Ford car dealership this week and told them this. Their response was "this is what we have been waiting for!" http://newatlas.com/toshiba-sc...-a6404ae594-89974986
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Re: Toshiba searches for a new 'spine'

SalesServiceGuy ·
Toshiba sold 49.8% of its flash memory business to Bain Capital which includes Apple and Dell as partners. Toshiba still controls 50.2% of the shares and future revenues. The lead to this article omitted this key fact.
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Canon to enter medical, security & surveillance space

Art Post ·
New Delhi , Jul 30 Japanese imaging technologies leader Canon is expanding its product portfolio in India with plans to enter into segments, including medical equipment, security and surveillance cameras expecting the country to be one of its growth drivers in Asia in coming years. The company, which has acquired Toshiba Medical systems last year, would introduce the brand into the medical devices by next year. "India as a market has a potential in the future. New medical equipment is...
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Foxconn already calling shots on management reshuffle at Sharp

Art Post ·
OSAKA -- Sharp named new executives Tuesday, reflecting the wishes of Taiwan's Hon Hai Precision Industry , also known as Foxconn, which will become the new owner of the troubled Japanese electronics maker. Katsuaki Nomura, chairman of Sharp's large-panel manufacturing affiliate Sakai Display Products, will serve double duty as a Sharp executive vice president. The affiliate's president, Taimi Oketani, will become a Sharp executive managing officer. Both will begin their new roles Wednesday.
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Foxconn asks Apple to join bid to buy Sharp's LCD ops

Art Post ·
Tokyo (AFP) - Taiwan electronics giant Foxconn has proposed taking over troubled Japanese behemoth Sharp's display business, the Nikkei business daily reported on Monday, and has urged Apple to join the deal.    Under the new proposal,...
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Foxconn details offer for troubled Sharp, Gou steps in: source

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Taiwan's Foxconn ( 2317.TW ) has detailed its offer for troubled electronics maker Sharp Corp ( 6753.T ), a person with direct knowledge of the talks said, potentially complicating a rescue bid led by a Japanese state-backed fund. Innovation Network Corporation of Japan (INCJ), still seen as a front runner, will go head-to-head with Foxconn in the bidding for Sharp, and its third bailout in under four years. Foxconn, formally known as Hon Hai Precision Industry, had already offered over 600...
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Foxconn Firms $2.7B Credit Line For Sharp Takeover

Art Post ·
Foxconn, formally known as Hon Hai Precision Industry Co., has reached an agreement with Sharp Corp.’s banks to extend a 300 billion yen ($2.7 billion) credit line to the troubled Japanese electronics major, Bloomberg reported, citing Japanese newspaper Yomiuri Shimbun, Saturday. The agreement will reportedly allow Sharp to borrow from its lenders Mizuho Financial Group Inc. and Mitsubishi UFJ Financial Group Inc., if it suffers losses from potential liabilities or needs new investments.
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Foxconn Founder Warns Layoffs Are Needed to Revive Sharp

Art Post ·
Foxconn founder Terry Gou said there would have to be layoffs at Sharp to turn around the ailing Japanese company, but pledged that wages would rise and profit-sharing would again be the norm. “Unfortunately, a close review of the company’s operations makes it clear that the level of inefficiency throughout Sharp means that a turnaround … can only take place if there is a reduction in costs, and that comes with a very regrettable need to reduce Sharp’s workforce,” Gou wrote in an open...
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Foxconn Lowering Offer for Japan's Sharp

Art Post ·
Taiwan’s Foxconn is lowering an offer for loss-making Japanese electronics maker Sharp Corp from an initial plan of 489 billion yen ($4.4 billion), the Yomiuri newspaper reported on Sunday. The reason behind the move is that Foxconn appears to be concerned about financial risks of potential liabilities at Sharp and its business outlook, according to Yomiuri. The newspaper did not say how much Foxconn, formally known as Hon Hai Precision Industry, will lower the offer to. A Sharp spokesman...
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Foxconn says agreed with Sharp on most points of a takeover deal

Art Post ·
Taiwan's Foxconn is aiming to finalise a deal to acquire Japan's Sharp Corp by the end of the month, after the two firms reached a consensus on most points, Foxconn Chief Executive Officer Terry Gou said. Foxconn, known formally as Hon Hai Precision Industry Co, has been given preferred negotiating rights and most remaining issues to be resolved were legal and regulatory, Gou said after meeting with executives of the struggling electronics maker on Friday. The Apple Inc supplier has offered...
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Foxconn, Sharp Said to Weigh Revising Terms of Approved Deal

Art Post ·
Taiwan’s Foxconn Technology Group and Sharp Corp. worked through the weekend to salvage their proposed $6 billion deal with one potential outcome being a revision to terms the Japanese’s board approved just last week, according to people familiar with the matter. Bankers and lawyers are going through a list of Sharp liabilities that could exceed 300 billion yen ($2.6 billion), a last-minute stumbling block in Foxconn’s effort to take control of the struggling Japanese company, according to...
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Discussion about Sharp Corp & Possible Foxconn Take Over

Art Post ·
In recent news it seems that Sharp Board of Directors is favoring and wants to explore the Foxconn takeover aka buyout more.  Foxconn offer is almost twice that of Japans INCJ (Innovative Network Corp of Japan). From what I've read, is that INCJ is a public-private partnership between the Japanese government and 19 major corporations. (got that from wiki).  The government of Japan also provide monetary guarantees to INCJ.  Foxconn is located in New Taipei City in Taiwan, in...
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Fujitsu to Deliver New Services Leveraging the World's First Business Management Platform from US-based Domo

Art Post ·
TOKYO, Sep 16, 2015 - (JCN Newswire) -  Fujitsu Limited today announced that it has reached an agreement with Domo, Inc. to leverage Domo's business management platform in delivering new services and value to Fujitsu's customers.   Domo...
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Hon Hai CEO says Sharp to decide on investment within week

Art Post ·
Taiwan's Hon Hai Precision Industry Co ( 2317.TW ) said on Sunday that it was confident of its offer for Sharp Corp ( 6753.T ) and expected the struggling Japanese electronics maker to come to a decision on the issue within the week. The comments by Terry Gou, chief executive of the world's largest contract electronics manufacturer, came after he met with Sharp's board on Saturday in Japan. "I am not just bringing capital. I am bringing an entrepreneurial spirit. I am bring a culture of...
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Hon Hai looks to delay signing of Sharp bailout as talks with creditor banks over losses continue

Art Post ·
Taiwan’s Hon Hai Precision Industry Co. may delay until next week the signing of a deal to acquire struggling Japanese electronics maker Sharp Corp., due to ongoing talks with Sharp’s two main creditor banks over the firm’s potential future losses, it was learned Tuesday. In the wake of the recent revelation of Sharp’s contingent liabilities totaling about ¥350 billion, Hon Hai, also known as Foxconn Technology Group, is discussing a possible review of support for Sharp with the two banks —...
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Hon Hai set to hold talks with Sharp in China

Art Post ·
Hon Hai Precision Industry Co (鴻海精密) is to hold a sales meeting with Sharp Corp at Foxconn’s plant in Shenzhen, China, next Monday in an effort to help boost the sales of the Japanese company’s products worldwide, a top Hon Hai executive said yesterday. “We plan to discuss sales in Taiwan, Southeast Asia, India, China and Hong Kong during the meeting,” Hon Hai vice chairman Dai Cheng-wu (戴正吳) told reporters on the sidelines of a Sharp product demonstration event at one of Hon Hai’s factories...
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Hon Hai to up investment offer for Sharp to about $5.9 billion: Yomiuri

Art Post ·
Taiwan's Hon Hai Precision Industry Co ( 2317.TW ) is set to offer to invest about 700 billion yen ($5.9 billion) in Sharp Corp ( 6753.T ), the Yomiuri daily reported, upping its proposal and sending shares in the troubled Japanese display maker soaring. Hon Hai, also known as Foxconn, could make the offer, its final proposal, as early as Friday, the Japanese newspaper said on Friday. It had previously proposed a maximum 500 billion yen investment, the Yomiuri said. The report sent shares in...
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Konica Minolta has launched a pocket-sized device that alerts you about unpleasant body smells via an app

Art Post ·
Japanese camera firm Konica Minolta has launched a pocket-sized device that alerts you about unpleasant body smells via an app. The device, called KunKun Body (KunKun means 'sniff,sniff' in Japanese) detects specific chemicals that cause smells associated with the scent of perspiration or body fat. The device is currently only available in Japan, with no plans to sell it outside of Japan, and costs 30,000 yen (US$265 or £206). Scroll down for video The KunKun Body device (left) works by...
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Konica Minolta honored again by RobecoSAM

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Konica Minolta has been rewarded with silver class distinction in 2017 by RobecoSAM, a global commendation for sustainability in corporate environments. For the third time in a row, Konica Minolta achieved the highest possible score in the Computers & Peripherals and Office Electronics divisions for its approach towards innovation and risk management. More than 3,400 of the world’s leading companies were invited to take part in RobecoSAM’s corporate sustainability assessment. The Swiss...
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Konica Minolta acquires printing business of Monotech Systems

Art Post ·
NEW DELHI: In a bid to have direct interface with its customers, Japanese printer firm Konica Minolta today said it has acquired the production printing business of Monotech Systems. The company, however, did not disclose financial value of the...
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Japan Fund Said to Pitch Sharp on Plan for Smart-Appliance Giant

Art Post ·
Innovation Network Corp. of Japan is pitching Sharp Corp.’s board on plans to create a Japanese smart home-appliances giant, as the state-backed fund seeks support for its bailout bid over a rival offer from an overseas bidder, people with knowledge of the matter said. INCJ, which has offered to inject about 300 billion yen ($2.6 billion) of new funds into Sharp, aims to use about 100 billion yen of that amount for acquisitions of other domestic appliance businesses, one of the people said.
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Japan’s Ricoh Throws Hat in Ring To Develop, Distribute 3D Printers

Art Post ·
A number of Japanese tech companies are poised to enter the 3D printer market, with Ricoh , Japan’s leading multinational precision instrument company already developing a 3D printer for car and machinery parts they aim to have in production by 2016. They hope to capitalize on demand for mass production as well as prototyping. The printers are expected to be priced between $46,900 to $187,670. Ricoh is targeting small and midsize parts makers as potential clients. In the meantime, in efforts...
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Japan’s Sharp Cutting It Close

Art Post ·
Japan’s Sharp Cutting It Close By Aaron Back Wall Street Journal March 4, 2015 5:07 a.m. ET Sharp Corp. has had a sword dangling over its head for years. The once-iconic Japanese electronics company may survive yet another brush with death, but it still has no convincing turnaround plan. In a normal market economy, Sharp would probably have gone under by now. But this is Japan, where corporate bankruptcies are exceedingly rare. The company was bailed out by its lenders in 2012. The following...
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Japan's Sharp to vote on rival takeover bids on Thursday: sources

Art Post ·
Sharp Corp ( 6753.T ) plans to choose between rival rescue offers as soon as Thursday, as a favored bid from Taiwan's Foxconn continues to be challenged by a Japanese state-backed investment fund, people with direct knowledge of the matter said. The board of the ailing electronics maker met on Saturday to discuss the two takeover proposals, according to the sources, who requested anonymity because they were not authorized to speak to the media. The company's 13-member board holds a regularly...
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Japanese investment fund, U.S. equity firm to make joint bid for Toshiba Memory

Art Post ·
State-backed investment fund Innovation Network Corporation of Japan (INCJ) and American private equity firm Kohlberg Kravis Roberts & Co (KKR) plan to make a joint bid for Toshiba Corp's semiconductor memory unit, it has been learned. Initially, a "Japanese federation" consisting of major Japanese companies aimed to bid for the unit, but with firms in the federation continuing to express difficulties over the provision of a meaningful capital injection, the fund-driven model involving...
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Lenders want bold overhaul of Japan's Sharp as another bailout looms

Art Post ·
(Reuters) - Loss-making Japanese electronics firm Sharp Corp meets its main banks on Thursday in an effort to secure its second major bailout since 2012, betting they will have little choice but to pay up despite their call for more drastic overhauls....
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Kyocera to buy British IT and office equipment company

Art Post ·
OSAKA -- Kyocera will acquire a U.K.-based supplier of office equipment and information technology services, aiming to shore up its own printer and copier operations in Europe and the U.S. to compensate for its flagging component business. The Japanese company is expected to buy Annodata through subsidiary Kyocera Document Solutions for around 10 billion yen ($87.7 million). The companies are seen inking a deal as early as Tuesday U.K. time. Based in the English county of Hertfordshire,...
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Losses At Fraud-Hit Ricoh India Hit Japanese Parent

Art Post ·
Troubles of imaging and printing equipment maker Ricoh India Ltd. have hit its Japanese parent. Ricoh Company Ltd. lowered its profit estimates by 10,000 million yen (Rs 571 crore) to factor in losses at its fraud-hit Indian arm, the Japanese company said in a filing. It has taken a charge of close to 30,000 million yen (Rs 1,711 crore) for its India business in the year to March 2018. Due to the anticipated losses arising from the subsidiary, “we revised downwards the forecast of our...
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Ricoh to introduce new material for high speed 3D printer

Art Post ·
Ricoh will launch a new material for its SLS RICOH AM S5500P 3D printer at formnext. The company is claimed to be first to develop polybutylene terephthalate (PBT) for SLS machine. PBT has high strength property and is a heat resistant material according to Ricoh. Its application range includes parts for electrical components extending from automotive motors to bathroom furnishings. Ricoh says that PBT’s compatibility with SLS RICOH AM S5500P enables its first branded 3D printer to handle...
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Ricoh wants buyers for 2 units amid overall slump

Art Post ·
TOKYO -- Ricoh intends to put two subsidiaries on the market in an attempt to raise money for restructuring its operations worldwide, as the Japanese company continues to suffer a slump in its mainstay multifunction printer business. Ricoh Logistics System is a Tokyo-based unit that handles comprehensive logistics, from warehousing and forwarding to distribution. It draws clients from a range of businesses, such as precision-equipment manufacturing and online sales of office supplies.
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Sharp first quarter loss shrinks on cost cuts, but revenue plunges by a third

Art Post ·
Japanese electronics maker Sharp Corp reported a smaller first-quarter loss helped by restructuring and cost cuts, although revenue shrank by a third as demand for its products slumped. The ailing company, which is due to be acquired by Taiwan's Foxconn, said it was hit by a drop-off in demand for smartphone camera modules, TV and tablet displays and by a decline in Chinese demand for consumer electronics. Demand for solar panels in Japan also fell. Revenue tumbled 32 percent to 423.4...
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Sharp may spin off LCD unit, seek investment from govt-backed fund - source

Art Post ·
TOKYO (Reuters) - Loss-making Japanese electronics maker Sharp Corp may spin off its LCD panel business and seek funding for it from the government-backed Innovation Network Corporation of Japan (INCJ), a source familiar with the plan said on...
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Sharp on track for 1st pretax profit in 3 years

Art Post ·
OSAKA -- Sharp said on Friday it will likely post a group net loss of 27.1 billion yen ($239 million) for the year through March, far smaller than the 37.2 billion yen loss it previously forecast. On a pretax basis, the Japanese electronics manufacturer expects to post its first group profit in three years, at 9.9 billion yen. The previous year, Sharp logged a loss of 192.4 billion yen. The company maintained its full-year sales forecast at 2.05 trillion yen, down 17% on the year. read the...
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