Tagged With "Korean-Japanese"
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Re: Sharp posts big loss on smartphone downturn
HOLY Crap!! 700 million dollars! I guess the Japanese banks are in the for the long haul. But, how much as they willing to lose?
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Re: Up=Coming China Tariffs on Copiers parts & accessories
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
really surprised there's no chatter about this
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Re: Up=Coming China Tariffs on Copiers parts & accessories
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
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
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
I'll never for the life of me understand why someone would take that business.
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Re: Ricoh Profit down 85%, 3D printing plans on hold?
With some of the click rates I've seen on production gear lately, not to mention deep hardware discounts... <85%> is this a typo??
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Re: Ricoh Profit down 85%, 3D printing plans on hold?
Wow!! 12% reduction in sales... I know it is the smaller half year but that seems really light. Something seems to be wrong with the $'s. 50% operating profit would kick off a celebration large enough for all of us to hear.
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Re: Ricoh MP 3352/2553 series
Open it in Google Chrome with Translate turned on. It doesn't translate everything but handles most of the specs.
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Re: Ricoh shifts production out of China
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: Toshiba plans to sell US nuclear division Westinghouse and raise £4bn
I guess the fire sale is under way @fullspeed
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Re: Toshiba sees annual loss of almost $1 billion after tax related to chip unit sale
How many corks are needed to keep plugging the sinking ship......
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Re: Sharp CEO States "I believe it is my responsibilty to...)
No money means no R&D. Sharp is getting destroyed in Canada. Since Konica Minolta purchased Pitney Bowes' imaging division (Sharp's largest dealer in Canada), they've been offering customers massive incentives to flip their Sharp gear into KM bizhubs. I think there's more value in Sharp's direct channel base customer list than the actual technology. I've always found the MX series to be lacking in quality and ease of use. Prices have come down on Tier 1 products which means Tier 2...
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Re: Japan’s Sharp Cutting It Close
I was able to read this on my ipad. Interesting point that rarely does a Japanese company go bankrupt. Another interesting point is that the banks will gain additional share in Sharp. The last point, in all of the recent articles, there is no mention to the imaging division.
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Re: Japan’s Sharp Cutting It Close
read this, even better than the Wall Street Journal!! http://www.bloomberg.com/news/...-options-for-funding
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Re: Foxconn Lowering Offer for Japan's Sharp
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
Article from last night stated that since Foxconn, is offering 900 million less because of debt and year end financials that Samsung is ready to make a last minute offer for Sharp. This is crazy!
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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: Discussion about Sharp Corp & Possible Foxconn Take Over
I don't care how much the copier division makes as far as profitability goes when that division is probably a small percentage of the overall company. My guess is it will go up for sale at some point. My bet would be to Samsung. I also don't see how that division is profitable based on what I see down the street. I kind of believe it about as much as I believed Ricoh in the dealer meeting a few years ago saying "regardless of the rumors your hear, the direct operations are profitable." From...
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Re: Sharp seeks to nearly double number of recruits following takeover deal
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
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: Sharp reportedly to lay off 1,000 employees after Hon Hai deal
This represents a 5% reduction in the workforce.
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Xerox shareholders stay silent, dashing Fujifilm's hopes of deal
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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Fujifilm denies any compromise for acquisition of Xerox
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
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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Ricoh shifts production out of China
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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Konica Minolta expands into new areas in China
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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Ricoh to Acquire Japanese Industrial Printer Manufacturer
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 resumes production in China - except in Wuhan
Konica Minolta announced last month that its MFP production site in Jiangsu province, China (pictured above) was now procuring 100% of its electricity from renewable sources. “The operations in China resumed from February 10, after the government-instructed suspension had ended, except the branch in Wuhan,” said a statement from the Japan-based print technology manufacturer. “Some employees are working remotely from home. “The Konica Minolta Group works on maintaining the health and safety...
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Konica Minolta advises Japanese staff to work from home as coronavirus spreads
“In-depth notice about response to infectious diseases has been given to the employees in the group in Japan,” Konica Minolta said in a statement. “Mitigating risks for infection, the company recommends daily commute during off-peak hours and working remotely, as the domestic work force so often depends on public transportation. These actions are adopted in accordance with business environment of each company and its departments. “Gatherings of many people, such as business meetings and...
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Fujitsu Preparing to Stop Production in Spain After Coronavirus Causes Shortages
MADRID (Reuters) - Fujitsu Ltd is preparing to halt some production lines at its car equipment components factory in Malaga, southern Spain, if needed, because of a shortage of parts from China due to the coronavirus outbreak. The Japanese information technology company's only European factory has scheduled production to stop on its first production line - its assembly line for car audio components - from March 16, factory managing director Blanca Hermana told Reuters on Wednesday. read more...
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Re: Toshiba says plans M&A to expand healthcare business
not a good sign for their MFP imaging division right?
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Re: Toshiba Profits Soar, Exits North American TV Business
see, at the drop of the hat, big companies can decide to pull out of unprofitable businesses.
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Canon & Ricoh Courting Lexmark International
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
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
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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Toshiba asks banks for new restructuring funds
TOKYO -- Toshiba is seeking an estimated 200 billion yen to 250 billion yen ($1.75 billion to $2.19 billion) in additional loans from three key lenders to cover the costs of streamlining its home electronics and semiconductor businesses. Sumitomo Mitsui Banking Corp., Mizuho Bank and Sumitomo Mitsui Trust Bank likely will heed the request and provide the funds as early as this month. The Japanese conglomerate is working to overhaul operations by the end of the current fiscal year March 31,...
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No Foxconn-Sharp deal before Wednesday
TAIPEI/TOKYO -- Key iPhone assembler Hon Hai Precision Industry will sign an agreement to acquire Sharp , the embattled Japanese electronics maker, perhaps by Wednesday, a person familiar with the talks has told the Nikkei. The two sides had agreed to try to wrap up a deal by Monday, but according to the source, Wednesday is now the earliest the acquisition could be made. The person did not elaborate on the reasons behind the delay. Another source said the two sides will finish their due...
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Hon Hai looks to delay signing of Sharp bailout as talks with creditor banks over losses continue
Taiwan’s Hon Hai Precision Industry Co. may delay until next week the signing of a deal to acquire struggling Japanese electronics maker Sharp Corp., due to ongoing talks with Sharp’s two main creditor banks over the firm’s potential future losses, it was learned Tuesday. In the wake of the recent revelation of Sharp’s contingent liabilities totaling about ¥350 billion, Hon Hai, also known as Foxconn Technology Group, is discussing a possible review of support for Sharp with the two banks —...
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Foxconn Firms $2.7B Credit Line For Sharp Takeover
Foxconn, formally known as Hon Hai Precision Industry Co., has reached an agreement with Sharp Corp.’s banks to extend a 300 billion yen ($2.7 billion) credit line to the troubled Japanese electronics major, Bloomberg reported, citing Japanese newspaper Yomiuri Shimbun, Saturday. The agreement will reportedly allow Sharp to borrow from its lenders Mizuho Financial Group Inc. and Mitsubishi UFJ Financial Group Inc., if it suffers losses from potential liabilities or needs new investments.
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Foxconn Lowering Offer for Japan's Sharp
Taiwan’s Foxconn is lowering an offer for loss-making Japanese electronics maker Sharp Corp from an initial plan of 489 billion yen ($4.4 billion), the Yomiuri newspaper reported on Sunday. The reason behind the move is that Foxconn appears to be concerned about financial risks of potential liabilities at Sharp and its business outlook, according to Yomiuri. The newspaper did not say how much Foxconn, formally known as Hon Hai Precision Industry, will lower the offer to. A Sharp spokesman...
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Foxconn asks Apple to join bid to buy Sharp's LCD ops
Tokyo (AFP) - Taiwan electronics giant Foxconn has proposed taking over troubled Japanese behemoth Sharp's display business, the Nikkei business daily reported on Monday, and has urged Apple to join the deal. Under the new proposal,...
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Sharp $3 billion overhaul plan could be concluded this week: source
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
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
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...