Tagged With "Nikkei"

The plot thickens!

January 25, 2016 21:22 ET | Source: Konica Minolta Business Solutions (Canada) Ltd.     MISSISSAUGA, ON, Jan. 25, 2016 (GLOBE NEWSWIRE) -- Konica Minolta, Inc. (Konica Minolta) is pleased to announce that it was ranked first place for two consecutive years in the overall manufacturing sector at the 19th Environmental Management Survey conducted by Nikkei Inc. The annual survey assesses environmental management of Japanese companies and recognizes initiatives toward...

Japan's Sharp Corp is set to swing to an operating loss in the April-June quarter compared with a year ago profit, the Nikkei business daily reported on Friday. The electronics company is expected to report an operating loss of about 35 billion yen...

Toshiba Corp ( 6502.T ), reeling from a $1.3 billion accounting scandal, intends to ask for an additional 300 billion yen ($2.49 billion) in credit lines by the end of January to fund a large-scale restructuring, the Nikkei business daily reported. Toshiba is likely to approach multiple financial institutions including Mizuho Bank and Sumitomo Mitsui Banking Corp, Nikkei reported, citing Chief Financial Officer Masayoshi Hirata. ( s.nikkei.com/1YJLltx ) The company, which overstated profits...

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...

March 8 (Reuters) - Japan’s Ricoh Co Ltd plans to cut about 4,000 jobs as early as fiscal year 2019 to streamline its struggling, core office equipment business, the Nikkei reported on Thursday. Ricoh plans to slash just over 3,000 jobs in Japan by next March, sell a local logistics unit and eliminate management positions in Europe, according to the report. (s.nikkei.com/2tnXlIn) The layoffs in Europe and Japan represent 4 percent of the company’s total global workforce, the Japanese...

NEW YORK -- After saying a few months ago that Xerox risked meeting Eastman Kodak's fate, activist investor Carl Icahn is now warning shareholders that a proposed takeover by Japan's Fujifilm could lead to bankruptcy. In a written response to questions from Nikkei on Monday, Xerox's largest individual shareholder said it was "absurd" for Xerox shareholders to accept the current offer to merge the U.S. company into existing joint venture Fuji Xerox. "Based on the ongoing accounting scandal...

Toshiba buyout update Nikkei News is reporting that Rohm Corp, a Japanese chipmaker, and Suzuki Corp., a Japanese auto/motorcycle manufacturer, will help with buyout of Toshiba Corp. Apparently are joining the Japan Industrial Partners investment fund

TOKYO -- Toshiba's board on Thursday voted in favor of a 2 trillion yen ($15.3 billion) buyout led by Japan Industrial Partners (JIP), setting the troubled industrial group on a path to go private if the bid succeeds. The tender offer of 4,620 yen per share requires investors to tender at least two-thirds of outstanding shares to succeed. The Japanese blue chip would later delist from the Tokyo Stock Exchange. The decision marks a milestone in Toshiba's turnaround efforts, which have gone...

Will Ricoh consider buying the print end of the business?

That's a great question! I think if Toshiba Tec went up on the block I would tend to think interested parties would be Epson, HP and maybe Lexmark. I would rate these in order as Lexmark, Epson and then HP. I would tend to think that Epson being a Japanese company would have a better shot. I also believe that Epson could benefit from the direct sales force here in the US and expand their inkjet business worldwide with the purchase

TAIPEI -- Key iPhone assembler Foxconn on Thursday said it would ask affiliate Sharp to "adjust" its management team if the Japanese tech company failed to improve its operations after reporting a significant net loss and impairment. Foxconn's net income in the first quarter fell 56% on the year, weighed down by headwinds at Sharp related to a sluggish display market. "We own a 34% stake in Sharp and are the biggest single stakeholder. However, Sharp has its own board of directors and...

TORONTO, Canada -- Artificial intelligence continues to evolve at an astounding pace. How will the world change when it enters an age in which human intelligence has been surpassed in all fields? Nikkei reporters interviewed Professor Emeritus Geoffrey Hinton of the University of Toronto, known as the "Godfather of AI Research," at his home in Canada to discuss the future of AI and humanity. These are excerpts from Nikkei's interview with Hinton, edited for length and clarity. Q: Why did you...