Tagged With "TOKYO"
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Re: Toshiba Partners Brace for Possible Bankruptcy Filing
Don't have a subscription, maybe someone else does?? Corp going bankrupt would be a big deal. Curious how it would affect their business units.
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Re: Toshiba Slides After Disappointing With Another Delay
Something really smells here, wonder if there is another accounting scandal and Toshiba is delaying to fix it
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Canon closes Tokyo headquarters, four other offices due to coronavirus
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...
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Re: IT services seen as new sales driver by 2020
IT services are to account for 40% of sales by 2020, up roughly 10 percentage points from 2015 So, currently (2015) IT Services account for 30% of Canon's sales? This is getting to be a Very Crowded field here in the US of A!
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Re: IT services seen as new sales driver by 2020
BCarroll Are you selling Managed IT, and if so, how is it going for you? Art
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Fujitsu Named a "Nadeshiko Brand" Company for Promoting Women's Success
TOKYO, Mar 17, 2016 - (JCN Newswire) - Fujitsu today announced that it has been selected by the Ministry of Economy, Trade and Industry and the Tokyo Stock Exchange as a 2015 Nadeshiko Brand enterprise for its efforts to actively promote women's success. Fujitsu has made promoting female advancement an immediate priority issue in its efforts to promote diversity, and has been actively working to create a supportive working environment compatible with both developing female leaders, and with...
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Konica Minolta eyes transformation via new tech
RYOHEI NAKAO, Nikkei staff writer TOKYO -- Konica Minolta aims to remake itself as a supporter of next-generation technology and a provider of marketing services -- a bid to find more fertile ground as its native business solutions market plateaus and stiff competition crimps earnings. New fields The Japanese company, known best for its printers and document centers, is now stepping into the field of robotics. A partnership formed with U.S. company Savioke in July has yielded a robotic...
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IT services seen as new sales driver by 2020
TOKYO -- Canon Marketing Japan aims to reap 800 billion yen ($6.71 billion) in group sales for the year ending in December 2020 by building information technology services as its new pillar. That figure would represent a 24% jump from fiscal 2015, as outlined in the Canon marketing unit's new five-year plan. Parent Canon seeks to bolster business-to-business operations, which will be supported by Canon MJ's IT services. ...
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Toshiba sheds 14,000-plus jobs
April 16, 2016 5:15 am JST Toshiba sheds 14,000-plus jobs TOKYO -- Toshiba said Friday that it has cut 14,450 jobs worldwide, roughly 30% more than planned, as it struggles to get back on its feet following a damaging book-cooking scandal. The initial target was to reduce the number of workers worldwide by 10,840 from the level at the end of March 2015. Cuts in Japan totaled 8,430. Most of the 6,020 jobs slashed outside Japan were layoffs. The number includes 3,449 people who accepted early...
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S&P says Japan's electronics maker Sharp in 'selective default'
TOKYO: Troubled Japanese electronics maker Sharp is in "selective default" ratings agency S&P said today, the latest blow to the one-time giant as it struggles to repair a tattered balance sheet. The move comes after Sharp announced that it was issuing preferred securities to its main lenders, instead of repaying loans that were due. "We regard this transaction as a de facto debt-for-equity swap, which we define as 'SD' (selective default). Therefore, we lowered our issuer...
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UPDATE 2-Japan's Sharp to cut 6,000 jobs in global restructuring -source
* Job cuts would be equivalent to 12 pct of workforce * Restructuring costs to total over 200 bln yen -source * Expects to post third annual loss in four years (Adds analyst comment, share reaction) TOKYO, March 19 (Reuters) -...
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Ricoh to shutter or relocate 4 offices in Kanto region
The Yomiuri Shimbun Major copy machine maker Ricoh Co. plans to close or relocate at least four offices in the Kanto region that are under its group umbrella — including its Saitama plant in Yashio, Saitama Prefecture — by spring next year, The Yomiuri Shimbun has learned. Under the plan, about 3,000 workers, or nearly 10 percent of the firm’s employees in Japan, will be transferred. The measures are intended to cut expenses — mainly office rent and maintenance costs — by ¥2 billion to ¥3...
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Toshiba is the Sistine Chapel of corporate catastrophes
Six months into its financial crisis, Toshiba is shaping up as the Sistine Chapel of corporate catastrophes: you have to lie on your back to appreciate its scale, and once you get your eye in, the beauty is mesmerising.It is also a picture that, to committed contrarians and true believers in corporate governance reform, whispers “buy Japan”. At the very least, Toshiba stands to give the Tokyo stock market a new note from which everything else will in future be tuned.Toshiba’s mess is...
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Toshiba to replace auditor PwC over differences: Nikkei
Toshiba Corp ( 6502.T ) has decided to replace its auditor after less than a year as the troubled electronics conglomerate struggles to win its approval on full-year financial statement, the Nikkei business daily reported. Earlier this month, the company filed twice-delayed business results without an endorsement from auditor PricewaterhouseCoopers (PwC) Aarata, putting its listing on the Tokyo Stock Exchange in jeopardy. At a news conference announcing the third-quarter results on April 11,...
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Toshiba Partners Brace for Possible Bankruptcy Filing
Toshiba Partners Brace for Possible Bankruptcy Filing TOKYO— Toshiba Corp.’s business partners are preparing for a scenario in which the company seeks to reorganize under Japanese bankruptcy … The Wall Street Journal 17h Bankruptcy Filing
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Ricoh announcement of extraordinary losses in non-consolidated financial accounts
Announcement of e xtraordinary losses in non-consolidated financial accounts Regarding "Announcement of the extraordinary losses in non-consolidated financial accounts," Ricoh made timely disclosure to Tokyo Stock Exchange. For details, please see the link below. Announcement of extraordinary losses in non-consolidated financial accounts(2pages/41KB)
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Toshiba receives bids as high as US$3.6bil for chip business stake
TOKYO: Toshiba Corp has received bids ranging from 200 billion yen to as much as 400 billion yen (US$1.8bil-US$3.6bil) for a 19.9% stake in its flash memory business, a person directly involved in the deal told Reuters. The Japanese conglomerate is seeking to raise around 300 billion yen from the sale, said the person, who was not authorised to speak with media and so declined to be identified. A sale at that price would help Toshiba offset a multi-billion dollar writedown on its US nuclear...
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BlackRock lends 46 million shares as shorts target Toshiba
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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Toshiba Slides After Disappointing With Another Delay
Toshiba Corp. dived after delaying its earnings again, seeking to push the release of the December quarter results to April 11. Its the second time this year the company has been unable to finalize numbers as it grapples with the 712.5 billion yen ($6.2 billion) writedown of its nuclear power business. If the application to regulators for an extension is rejected, the company has an eight-day period until March 27 to submit earnings to the Tokyo Stock Exchange or face delisting.
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Toshiba signs off on separating 3 core segments
TOKYO -- Toshiba said Tuesday that it has inked agreements to split off a trio of core businesses July 1, hoping to afford them greater autonomy and flexibility on its road to rehabilitation. The in-house companies will be absorbed by existing subsidiaries. The unit taking on the infrastructure business will become Toshiba Infrastructure Systems & Solutions. The subsidiary absorbing the electronic devices business will be Toshiba Electronic Devices & Storage. The subsidiary that gets...
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Japan's GPIF Pension Fund Sues Toshiba Auditor Over Investment Losses
TOKYO (Reuters) - Japan's giant Government Investment Pension Fund (GPIF) has sued the local affiliate of global accounting firm Ernst & Young, claiming $31 million for losses on investments in Toshiba Corp stemming from the conglomerate's accounting scandal in 2015. Toshiba has been on the Tokyo Stock Exchange's supervision list since mid-March as it has failed to clear up concerns about its internal controls after the $1.3 billion accounting scandal. That scandal preceded the crisis...
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Toshiba Showcases IoT Solutions at CeBIT 2017
TOKYO--(BUSINESS WIRE)-- Toshiba Corporation (TOKYO:6502) will be at CeBIT 2017, and looking to the future to demonstrate how its extensive know-how IoT and AI will contribute to solutions in energy, industry and society. CeBIT, the world’s largest exhibition for digital business, will take place in Hannover, Germany over March 20 to March 24, and Toshiba will be in the Japan Pavilion at Hall 4, A38, (68), showcasing essential technologies under the theme of Create a New World with Japan -...
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Toshiba ponders asset sales as it fights to stay alive
TOKYO On March 14, Toshiba announced that it will sell its majority stake in U.S. nuclear power subsidiary Westinghouse Electric, pulling out of an overseas business that had made huge losses. The industrial conglomerate also plans to offload its memory chip unit as it tries to revive its fortunes by focusing on infrastructure. These moves have done little to restore Toshiba's tarnished credibility, however, as it postponed its earnings announcement to April 11, the second time it has done...
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Cracks appearing among Toshiba creditors
TOKYO -- Growing mistrust and frustration among regional banks is adding another layer of uncertainty to Toshiba 's future, as smaller lenders protest what they see as favorable treatment of major banks, forcing the company to redraw its refinancing timetable. Toshiba, in the midst of a deep financial crisis, has offered creditors fresh collateral as an incentive to roll over existing lines of credit. The Tokyo-based company's plan would put up shares in Toshiba Memory, a new unit to be...
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Rift with auditor puts Toshiba at risk of delisting
TOKYO -- As a Toshiba in crisis continues to butt heads with an auditing firm over an investigation into Westinghouse Electric, investors fear the conglomerate's possible eviction from the Tokyo Stock Exchange. Auditors look at earnings reports as well as accounting-related internal controls. Their opinions serve as a guarantee to markets that the financial statements in question can -- or cannot -- be trusted. read more here
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Toshiba Says Unable to Meet End-March Deadline for Chip Unit Sale
March 30, 2018, at 4:52 a.m. Toshiba Says Unable to Meet End-March Deadline for Chip Unit Sale More FILE PHOTO: The logo of Toshiba Corp is seen as window cleaners work on the company's headquarters in Tokyo, Japan, February 14, 2017. REUTERS/Toru Hanai/File Photo Reuters TOKYO (Reuters) - Toshiba Corp said on Friday it would not be able to complete an $18 billion deal to sell its prized chip unit by an agreed deadline at the end of March, as it had not received anti-monopoly approval from...
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Toshiba CEO promises turnaround in 5 years, beefed up ethics
TOKYO (AP) — Nobuaki Kurumatani, the outsider tapped to lead scandal-tarnished Japanese electronics company Toshiba Corp., is promising a turnaround in five years by reshaping its operations and boosting profitability. Kurumatani, the first outsider to be appointed chief executive at Toshiba in more than half a century, acknowledged the system of governance and risk management had been weak. He stressed he brought to the company his experience in the financial sector, where compliance...
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Ricoh sees profit quintupling in fiscal 2018
Cost-cutting efforts to yield results TOKYO -- Ricoh expects operating profit to rise more than fivefold to over 50 billion yen ($451 million) in the fiscal year starting in April as restructuring costs pass and revamped operations improve margins. The Tokyo-based office equipment maker will book 39.5 billion yen in nonrecurring costs associated with restructuring for the year ending in March, contributing to an expected 70% decline in operating profit to 10 billion yen. The company is...
Blog Post
The Ten Yen Trip
I guess this could have been my first blog! Back in 2002 I wrote a journal while on a Ricoh sponsored trip to Japan. I found it today buried in the forums when I did some searching on threads from 2003. It does bring back awesome memories and I thought it might be a good read for all. Please enjoy and feel free to comment at the end in the reply section June 4, 2002 To Japan and Back: Tales of a “Sell the Solution” Winner “Sell the Solution,” a successful nationwide sales contest organized...
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After year of cost-cutting Ricoh opens $1.8bn M&A war chest
TOKYO -- Following Fujifilm Holding 's announcement in late January that it would take over U.S. copier giant Xerox, creating the world's largest maker of office machines, the head of rival Ricoh put on a brave face, insisting business would not be threatened. "We will shift the focus of our strategy toward growth," said Ricoh President and CEO Yoshinori Yamashita at a news conference on Tuesday, outlining a new five-year business strategy. The plan through the fiscal year ending March 2023...
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Toshiba Reaches Tentative Deal to Sell Microchip Unit
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
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 nominates non-Japanese to board, marking shift for Japan Inc
TOKYO (Reuters) - Toshiba Corp bowed to pressure from activist investors and said it would overhaul its board to include non-Japanese directors for the first time in 80 years, marking a dramatic shift at a cornerstone of corporate Japan. The company, in the throes of a turnaround after being roiled by a crisis stemming from the bankruptcy of its U.S. nuclear power unit, said it would hike the number of external directors on its 12-member board to 10 from seven in June. Toshiba nominated...
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Fuji Xerox Announces Management of FUJIFILM Business Innovation Japan Corp.
TOKYO, March 25, 2021 – Fuji Xerox Co., Ltd. announces the following management appointments of its new affiliate, FUJIFILM Business Innovation Japan Corp., which will begin operations on April 1, 2021. Appointments of directors and Audit & Supervisory Board member will be effective following the decisions at the Shareholders Meeting scheduled on March 26, 2021. Appointments of directors, effective April 1, 2021: President and director Masashi Sakamoto Director Hisanori Makaya...
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Tokyo Olympics becomes the latest victim of the Fujitsu hackers
Hackers have made away with data from the computers of the organizing committee of the Tokyo Olympics , according to reports in the Japanese media. Kyodo News reports that the breach has affected over 150 people, all of whom had earlier participated in a cybersecurity drill ahead of next month’s Olympic Games. The leaked data included the names and affiliations of the individuals, who were linked with roughly one hundred organizations that are involved in hosting the sporting event. read...
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Okidata to build b/w copiers for Ricoh?
Okidata to build b/w copiers for Ricoh? Oki Electric Industry Co., Ltd. of Tokyo (aka Okidata) announced new partnership with Ricoh Plan to partner to build future b/w A3 print engines Will use Oki’s LED (light emitting diode) print head technology instead of laser Will also use Ricoh’ paper transport mechanisms Improve manufacturing efficiency through strategic collaboration and shorten development period by about 30%
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New Toshiba chief says predecessors didn't understand digital
TOKYO -- New Toshiba President Taro Shimada skipped the typical Japanese modesty when saying why he is fit to lead the troubled industrial group. "I am the first president to understand digital technology," Shimada told reporters earlier this month. Toshiba's second change of leaders in less than a year comes at a time observers say may be the company's last chance to make a comeback after missteps and clashes with shareholders. Shimada faces his first test with investors at an extraordinary...
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Canon: Q2 Earnings Snapshot
TOKYO — TOKYO — Canon Inc. (CAJPY) on Thursday reported second-quarter net income of $451.1 million. On a per-share basis, the Tokyo-based company said it had net income of 45 cents. The office machine company posted revenue of $7.04 billion in the period. Canon shares have increased 23% since the beginning of the year. The stock has risen 16% in the last 12 months.
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Sharp Releases a 42" Whiteboard to Rival RICOH
Good e-Reader was live on the scene in Tokyo Japan for SHARP Tech Day 2023 Sharp revealed the 42" Whiteboard much like what RICOH has been marketing for the past few years now.
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Re: Sharp Releases a 42" Whiteboard to Rival RICOH
interesting I never thought to use this as a menu for restaurants while people are waiting or displaced in various locations. East to change menus and pricing as well.
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Canon: Q1 Earnings Snapshot
TOKYO — TOKYO — Canon Inc. (CAJPY) on Wednesday reported first-quarter net income of $403.7 million. The Tokyo-based company said it had net income of 41 cents per share. The office machine company posted revenue of $6.66 billion in the period. Canon shares have risen 12% since the beginning of the year. The stock has risen 30% in the last 12 months.