Tagged With "Hitachi"

Canon Inc. said Tuesday is is closing down its Tokyo headquarters and four offices in Kawasaki through April 17 due to the spread of the novel coronavirus in the metropolitan area. The headquarters normally has around 6,000 employees onsite. The Kawasaki offices engage in research and development. Almost all employees will not be working during this period, the maker of cameras and office equipment said. A minimum number of workers needed to continue business will work from home. Hitachi...

Toshiba Corp. sold all of its shares in Japan Display Inc. for nearly 4 billion yen ($35 million) in December to improve its financial standing following a profit-padding scandal, the company said Feb. 6. The company appeared to have netted between 1 billion yen and 2 billion yen from the sale. Toshiba was desperate to raise its capital adequacy ratio, which reflects fiscal soundness, after the company was found to have engaged in years of dodgy accounting practices to inflate its profits.