Tagged With "Korean-Japanese"

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Re: Toshiba Profits Soar, Exits North American TV Business

Art Post ·
see, at the drop of the hat, big companies can decide to pull out of unprofitable businesses.
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Re: Ricoh shifts production out of China

SalesServiceGuy ·
The rest of the article is very interesting: As a result of the impact of the US-China trade war , the Japanese company has opted to move its production line out of the country in order to help reduce costs. As The Epoch Times reports , on 5 January 2019 Ricoh revealed that it would be relocating its printer production facilities from Shanghai and Shenzhen to a factory in Thailand, hoping to “restart production” there within two months. The reason for the move, given by an anonymous...
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Re: Up=Coming China Tariffs on Copiers parts & accessories

Art Post ·
These are two listing that I found on ustr.gov site: 8443.99.20 Parts of printer units of subheading 8443.32.10 specified in additional U.S. note 2 to this chapter 8443.99.45 Parts and accessories of copying machines; nesoi Subheading 8443.99.20 following parts of printer units of subheading 8443.32.10: (a) Control or command assemblies, incorporating more than one of the following: printed circuit assembly, hard or flexible (floppy) disk drive, keyboard, user interface; (b) Light source...
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Re: Up=Coming China Tariffs on Copiers parts & accessories

Art Post ·
really surprised there's no chatter about this
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Re: Up=Coming China Tariffs on Copiers parts & accessories

Jason H ·
I have heard from some of the secondary aftermarket suppliers wanting people to stock up before the tariffs take effect. Seems they are using it like any other bad news piece and trying to gain business now. I also wonder how this will affect the Japanese manufacturers.
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Re: Up=Coming China Tariffs on Copiers parts & accessories

Jason H ·
Well today is the day. I still haven't heard one thing from any of our manufacturers about this....
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Re: Up=Coming China Tariffs on Copiers parts & accessories

Art Post ·
same here, I guess they will start their nonsense once USA stocks have been depleted. I just heard of a Toshiba dealer that won school business based on .0018 for black and .02 for color. hahaha!
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Re: Up=Coming China Tariffs on Copiers parts & accessories

Jason H ·
I'll never for the life of me understand why someone would take that business.
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Sunday Strategist: Here’s Why Xerox Wants to Buy HP

Art Post ·
Sunday Strategist: Here’s Why Xerox Wants to Buy HP I started covering what's now called Xerox Holdings Corp. in 1982, when I was 24 years old and I opened a correspondency for the Associated Press in Rochester, N.Y. Xerox was already past its glory days. It was known for having lost most of its copier market share to the Japanese. It had invented—but never exploited—the key computing technologies that went into the Macintosh computer, which came out in 1984. Some of my headlines from those...
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Kyocera shifts China production to Vietnam to avoid Trump tariffs

Art Post ·
OSAKA -- Kyocera will relocate production of U.S.-bound copiers and multifunction printers to Vietnam from China, the Japanese manufacturer said Friday, in a move designed to avoid U.S. tariffs. "We will switch production between Chinese facilities and Vietnamese facilities," Kyocera President Hideo Tanimoto told reporters. All-in-one printers made in China are mainly shipped to the U.S., while those built in Vietnam are usually destined for Europe. The decision comes after months of...
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Toshiba Profits Soar, Exits North American TV Business

Art Post ·
TOKYO - Toshiba said Thursday it was getting out the North American television business and selling its brand in the market to Taiwanese manufacturer Compal Electronics, as the conglomerate reported soaring nine-month earnings. The Japanese company,...
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Sharp CEO States "I believe it is my responsibilty to...)

Art Post ·
Here's a quote from the CEO of Sharp:   "I believe it is my responsibility to compile a new business plan as soon as possible," Sharp Chief Executive Officer Kozo Takahashi told reporters at a briefing in Tokyo on Tuesday. Sharp will present a...
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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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Sharp reportedly to lay off 1,000 employees after Hon Hai deal

Art Post ·
Tokyo, April 28 (CNA) Sharp Corp. is planning to lay off about 1,000 employees as part of its efforts to strengthen its financial structure after the loss-incurring Japanese firm inked an agreement to sell a majority stake to Taiwan's Hon Hai Precision Industry Co. (鴻海) earlier this month, according to a news report. The Nihon Keizai Shimbun (Nikkei) said that although Hon Hai had said it would retain as many of Sharp's employees as possible after the acquisition deal, as the Japanese firm's...
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Merger comes unplugged for Japan PC makers

Art Post ·
TOKYO -- A plan to merge the personal computer businesses of Toshiba , Fujitsu and Sony spinoff Vaio has been scrapped. The trio failed to come up with a growth plan for after the integration, despite hopes that with over 30% of the Japanese market between them, a single entity would be in a good position to compete overseas. As the global PC market continues to shrink, the once-mighty Japanese electronics giants continue to struggle. "After all that talking, we still couldn't reach an...
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Sharp to move headquarters to Sakai plant operated with Hon Hai

Art Post ·
OSAKA – Sharp Corp. is considering moving its headquarters to a plant in Osaka Prefecture, jointly operated with Taiwan’s Hon Hai Precision Industry Co., which has agreed to take over the struggling electronics maker, sources close to the matter said Wednesday. The envisaged relocation within the prefecture from the city of Osaka to Sakai is designed to strengthen coordination with Hon Hai, an Apple Inc. supplier better known by its trade name Foxconn as Sharp aims to become profitable...
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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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World War II veteran brought copy machines to Grand Rapids

Art Post ·
GRAND RAPIDS, MI -- When William S. Reed saw the first copier in the late 1950s, he knew the machines would be indispensable to businesses. Reed didn’t invent the ubiquitous office technology, but his Grand Rapids firm sold the first models in the region. That foresight helped him build the largest office equipment dealer in West Michigan. “My father is responsible for creating more paperwork in West Michigan than anybody else,” quips Reed's son, Russ. The Grand Rapids resident, who was a...
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Sharp shifts focus to health, wellness

Art Post ·
The Japanese electronics giant, once the leader in the television industry, spent the first part of this decade unveiling larger and larger flat-screen televisions, proudly displaying a 110-inch model in its Mahwah lobby. Now, Sharp has fine-tuned its strategy and is thinking smaller. Over the past year and a half, the company has trimmed staff, consolidated its North Jersey operations, shifted focus from televisions to more profitable small appliance lines such as microwaves and air...
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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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Foxconn details offer for troubled Sharp, Gou steps in: source

Art Post ·
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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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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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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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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Sharp Corporation board picks Hon Hai offer over state-backed fund rescue

Art Post ·
Sharp board members have decided to give Hon Hai preferred negotiating rights, choosing the Taiwan firm's offer over a rescue plan from a Japanese state-backed fund, a source familiar with the move said on Thursday. Hon Hai, also known as Foxconn and one of Apple's key iPhone assemblers, offered over 700 billion yen ($5.9 billion) for Sharp, more than double the amount of investment proposed by the fund, according to Japanese broadcaster NHK. Both Sharp and Hon Hai declined to...
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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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Canon & Ricoh Courting Lexmark International

Art Post ·
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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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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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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Sharp $3 billion overhaul plan could be concluded this week: source

Art Post ·
A $3 billion restructuring plan for Japanese electronics firm Sharp Corp is likely to be finalised as early as this week, a person with direct knowledge of the discussions said on Tuesday. State-backed fund Innovation Network Corporation of Japan (INCJ) is leading the bailout, which would be Sharp's third major package in three years, and would invest more than 200 billion yen ($1.7 billion) in the plan, the source added, confirming earlier media reports. The Osaka-based company is also...
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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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Sharp $5.5 billion bailout plan likely to be decided by next weekend: sources

Art Post ·
A Japanese state-backed fund and Sharp's ( 6753.T ) lenders are likely to agree on a new rescue plan worth around 650 billion yen ($5.5 billion) for the struggling display maker by next weekend, sources with direct knowledge of the matter said on Friday. The plan would represent the third bailout in as many years for Sharp which must also weigh a proposal from Apple supplier Foxconn ( 2317.TW ). The state-backed fund, Innovation Network Corporation of Japan, is widely seen as the frontrunner...
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Sharp CEO Tai says to step down once stock returns to TSE first section

Art Post ·
Sharp Corp ( 6753.T ) CEO and President Tai Jeng-wu told reporters on Monday he would step down once the Japanese electronics maker turns profitable again at the net level and its shares return to the first section of the Tokyo Stock Exchange. Tai, vice chairman of Foxconn, became president of Sharp in August after the Taiwan company, formally known as Hon Hai Precision Industry Co Ltd ( 2317.TW ), took control of the Japanese firm. The Tokyo Stock Exchange moved Sharp shares to the bourse's...
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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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Samsung Could Be Selling This Business to HP for $1.8 Billion

Art Post ·
Report says announcement could come next week. Samsung Electronics is considering selling its printer business to HP in a deal worth around $1.8 billion as the South Korean company shifts focus to its core businesses, the reported Friday. The paper, citing an unnamed senior Samsung source, said the Korean firm will likely announce a decision on the potential sale by next week. A Samsung spokesman said the company does not comment on rumors or speculation. HP’s office in Seoul could not be...
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Toshiba’s microchip business stays in limbo after Western Digital deal failure

Art Post ·
JAPANESE tech giant Toshiba met yet another roadblock in its efforts at finding an outside investor for its multibillion-dollar microchip business last week. After weighing its options anew, the Asian tech giant ultimately failed yet another self-imposed deadline to complete what is estimated to be a US$17 – US$18 billion dollar deal . Toshiba’s microchip business is widely regarded as the second largest in the world, with the firm providing NAND chips for various tech manufacturers. The...
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Toshiba Reaches Tentative Deal to Sell Microchip Unit

Art Post ·
TOKYO — The board of the Japanese conglomerate Toshiba has approved a plan to sell its lucrative microchip business to a group of American and Japanese buyers, bringing the company closer to a deal it may need to survive. Details of the sale must still be finalized, Toshiba said in a statement on Wednesday, leaving open the possibility of another turn in a drawn-out bidding process marked by reversals , acrimony and confusion . But a person with knowledge of the deliberations, who asked not...
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Troubled Toshiba suffering bad case of brain drain

Art Post ·
Troubled Toshiba suffering bad case of brain drain Rivals, recruiters poach top engineers as company's future remains uncertain Headhunters have been recruiting at Toshiba's Yokkaichi chip fabrication facilities in recent months. TOKYO -- With no end to Toshiba 's troubles yet in sight and efforts to sell its flash memory operations still at an impasse, much of the talent the company's future rests on is heading out the door. Toshiba's problems began with a 2015 accounting scandal that...
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Toshiba searches for a new 'spine'

Art Post ·
TOKYO -- Toshiba faces something of an identity crisis. Semiconductors have been the conglomerate's cash cow, but it is selling its flash memory unit to shore up its tattered finances. Somehow, the company needs to find a new calling and a new growth strategy. Its best hope may be technology that has been helping the very business it is selling. Toshiba on Sept. 28 signed a formal agreement to unload the memory unit to an American-South Korean-Japanese consortium led by U.S. investment fund...
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Toshiba cites antitrust, arbitration hurdles to memory sale

Art Post ·
Toshiba's legal dispute with Western Digital revolves around chipmaking facilities in Yokkaichi, Japan, in which the two jointly invest. TOKYO -- Toshiba outlined three prerequisites Friday for completing the sale of its flash memory unit, underscoring that the recent agreement with a Bain Capital-led consortium was only half the battle. The Japanese conglomerate provided details of the Toshiba Memory deal with the Japanese-American-South Korean team to shareholders in a notice regarding an...
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Ricoh to Acquire Japanese Industrial Printer Manufacturer

Art Post ·
TOKYO - October 29, 2018 - Ricoh today announced that the company has reached an agreement to buy LAC Corporation, a company with unique inkjet technology that supports printing on three-dimensional surfaces - e.g. on the sides of cars, trucks, aircraft and even tires and glass bottles. This acquisition is aimed at strengthening Ricoh’s industrial printing business, which is one of its three growth strategies. The transfer of the shares is scheduled to complete on October 31, 2018. Founded...
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Konica Minolta expands into new areas in China

Art Post ·
Konica Minolta expands into new areas in China Zhu Shenshen 22:04 UTC+8, 2019-02-19 Konica Minolta plans expanding beyond the business imaging sector in China, it said on Tuesday. With its Chinese headquarters in Shanghai, the Japanese company has 17 subsidiaries covering manufacturing, research and development and sales. Previously, Konica Minolta focused on multifunction printers, a professional device used in offices. It will offer more management and service products, based on new...
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Fujifilm denies any compromise for acquisition of Xerox

Art Post ·
TOKYO -- Fujifilm Holdings is continuing its attempts to acquire Xerox, but the Japanese company has denied it will make any compromise, even if it fails in the bid. The acquisition of the major U.S. office equipment maker is "not indispensable" for Fujifilm's growth, said Shigetaka Komori, chairman and CEO of the Japanese photography and imaging company, during an exclusive interview with Nikkei on Friday. "We would not go as far as to raise our terms of acquisition, set in January, to...
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The Vintage Japanese Copy Machine Enjoying an Artistic Renaissance

Art Post ·
Within 24 hours, Terzis had used the machine to print a 50-page book, joining the ranks of 21st-century artists and publishers who are using old technology to make new creations. The Risograph, a machine that duplicates like a mimeograph but dispels ink like a screen printer, has come a long way from its humble 1958 beginnings in a small home in Tokyo. Originally intended as more of a courtesy to Japanese businesses than a printmaking phenomenon, this ordinary, grey machine’s bulky exterior...
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Xerox shareholders stay silent, dashing Fujifilm's hopes of deal

Art Post ·
TOKYO -- Xerox stakeholders failed to speak up in favor of an acquisition by longtime partner Fujifilm Holdings at a general meeting Tuesday, dimming the Japanese company's prospects of fighting the activist investors opposing the deal. The Tokyo-based photography and imaging company's focus now shifts to appealing an injunction placed on the deal in April by a U.S. court. Under the original agreement, the American office machine maker would have taken over joint venture Fuji Xerox, and...
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Ricoh shifts production out of China

Art Post ·
As a result of the impact of the US-China trade war , the Japanese company has opted to move its production line out of the country in order to help reduce costs. As The Epoch Times reports , on 5 January 2019 Ricoh revealed that it would be relocating its printer production facilities from Shanghai and Shenzhen to a factory in Thailand, hoping to “restart production” there within two months. The reason for the move, given by an anonymous employee, was “cost-effectiveness.” However, Ricoh is...
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Re: Sharp seeks to nearly double number of recruits following takeover deal

Bill Siderys ·
At first I thought they were expanding in the business solutions group . It looks like the money is being spent on displays. I still think the business solutions group will be sold off.
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Re: Sharp seeks to nearly double number of recruits following takeover deal

Art Post ·
Bill Yup, seems like FARP wants to invest more into IOT, Robotics and Signage than MFP's. That's how I comprehended I recent Sharp document that was posted about a month ago.
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Re: Foxconn Lowering Offer for Japan's Sharp

Art Post ·
I mentioned this three weeks ago when I saw the draw back from Foxconn. Sharp has no other alternative move but to accept whatever offer comes it's way. Huge loans are due April 1st to the Japanese banks. Wonder if Gou will stay with the same monetary commitment and get all of Sharp or lower the amount and stay with the same percentage from the original deal. If the offer is less, than Sharp will have to re work it's comeback plan, and I'm sure that comeback plan will affect many of the...
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Re: Foxconn Lowering Offer for Japan's Sharp

Art Post ·
Samsung back in the hunt for sharp
 
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