Your Reuters correspondent in Tokyo. Previously in Helsinki.

At Sharp, decline marked by over-confidence, drift

reuters.com — Within months, however, Sharp found it was sharing Xiaomi revenue as upstart rival Japan Display also struck a deal to supply the Chinese firm with its "in-cell" displays. It was a pattern repeated over years of drift as Sharp, confident in its technological superiority, found itself blindsided by rivals.

At Sharp, decline marked by over-confidence, drift

uk.reuters.com — TOKYO In private conversations early last year, executives at Japanese display maker Sharp Corp dubbed their new client "winning horse", reckoning fast-growing Chinese smartphone maker Xiaomi would be a sure and lucrative bet. Within months, however, Sharp found it was sharing Xiaomi revenue as upstart rival Japan Display also struck a deal to supply the Chinese firm with its "in-cell" displays.

At Sharp, decline marked by over-confidence, drift

cnbc.com — TOKYO, May 15- In private conversations early last year, executives at Japanese display maker Sharp Corp dubbed their new client "winning horse," reckoning. Within months, however, Sharp found it was sharing Xiaomi revenue as upstart rival Japan Display also struck a deal to supply the Chinese firm with its "in-cell" displays.

Sharp unveils $2B bailout after large annual loss

torontosun.com — Japan's Sharp Corp said it had secured a $2 billion bailout, its second major bank-led rescue in three years, after falling deep into the red as its smartphone display business was battered by competition from Asian rivals.

Sharp gains $1.9 billion bailout but restructuring steps disappoint

reuters.com — But while new restructuring measures will include 5,000 job cuts or 10 percent of its global workforce as well as the sale of its headquarters, the steps were seen as not going far enough. Chief Executive Kozo Takahashi said he was not considering spinning off the company's troubled display business and would continue making TVs in Japan, leaving investors doubting the company's long-term viability.

Sharp gains $1.9 billion bailout but restructuring steps disappoint

businessinsider.com — By Ritsuko Ando TOKYO (Reuters) - Japan's Sharp Corp said it had secured a $1.9 billion bailout, its second major bank-led rescue in three years, after falling deep into the red as its smartphone display business was battered by competition from Asian rivals.

UPDATE 1-Japan's Sharp unveils $1.9 bln bailout after large annual loss

reuters.com — To also get 25 billion yen from turnaround fund * Posted annual net loss of 222 bln yen * Will cut 10 pct of global workforce, sell assets (Recasts and writes through with details) By Ritsuko Ando TOKYO, May 14 (Reuters) - Japan's Sharp Corp said it had secured a $1.9 billion bailout, its second major bank-led rescue in three years, after falling deep into the red as its smartphone display business was battered by competition from Asian rivals.

Sharp may slash capital, issue preferred shares

torontosun.com — Japan's Sharp Corp said it may reduce its capital and issue preferred shares as part of a planned restructuring, but worries about potential dilution from the new issuance and other possible fund raising sent its shares plunging 26%.

UPDATE 2-Sharp may slash capital, issue preferred shares; stock dives

reuters.com — TOKYO May 11 (Reuters) - Japan's Sharp Corp said it was considering a capital reduction and preferred share issuance, wiping nearly a third off its market value at one stage on Monday as investors reeled from the severity of its distress after years of losses.

Sony sees profit leaping on camera sensor sales, cost cuts

torontosun.com — Japanese consumer electronics maker Sony Corp expects operating profit to more than quadruple this year, as strong sales of camera sensors and cost cuts anchor a long-awaited turnaround after years of losses on TVs and mobile phones.
More Articles →
May 14, 2015

Sharp clinches $1.9 bln bailout but restructuring steps disappoint. Bankers sign off but complain more steps needed reut.rs/1KMdmp2

May 08, 2015

Toshiba cancels dividend, pulls outlook as it expands accounting probe. Its 2nd book-keeping scandal in 2 years reut.rs/1Kp0rt4

May 06, 2015

Japanese zoo apologises for naming baby monkey after newborn UK princess Charlotte japantimes.co.jp/news/2015/05/0…

Apr 30, 2015

Resurgent Sony sees profit jump, but cautious because it wants to break its habit of downward revisions reut.rs/1P94Phg

Apr 30, 2015

Five years and no answer: Thai inquest lays no blame in killing of Reuters cameraman nyti.ms/1zs9g51

Apr 28, 2015

Fanuc CEO to analysts: I don't dislike you guys, but you're wasting my time reuters.com/article/idUSL4…

Apr 26, 2015

@benesjp thanks! perhaps not the way most of us want to spend our retirement...

Apr 24, 2015

Sony CEO Hirai faces attack from "old boys" who retain sway long after retirement reut.rs/1Ey2tsA

Apr 20, 2015

Defensive play? Sony unveils new "Xperia Z4" smartphone even as it retrenches in mobile reut.rs/1IvxV8n

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