Tagged With "Japan Today"
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Re: Canon Marketing to Sell 3D Systems Printers in Japan
wow! My guess is it's just pretty much a matter of time before the likes or Ricoh, Xerox and KM pick up on this, and why not, it's right up our alley for serviced and maintenance.
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Re: KYOCERA to Acquire Power Tool Business from RYOBI
Watch, and wait, in a few years Kyocera will be heavily invested in robotics
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Re: Japan's Ricoh to book $1.72bn impairment loss as North American business slumps
Impairment Loss - Financial Definition - finance-lib.com www.finance-lib.com/financial-term- impairment-loss .html Definition of Impairment Loss. Impairment Loss. A special, nonrecurring charge taken to write down an asset with an overstated. book value. Generally an asset is considered to be value-impaired when its book value. exceeds the future net cash flows expected to be received from its use.
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Re: Japan's Ricoh to book $1.72bn impairment loss as North American business slumps
Ricoh's reply was shown on Industry Analysts article. https://industryanalysts.com/32318_ricoh/ Maybe large acquisitions like Ikon were not as good an investment as thought.
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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: Sharp expects to post 180 billion yen loss in current year: report
...whoa for 2015!! Where are they going to get that loot from?
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Re: Sharp expects to post 180 billion yen loss in current year: report
June 5, 2015 Company name: Sharp Corporation Name of representative: Kozo Takahashi President & Director (Code: 6753) Sharp's Comment on media reports regarding speculations on Sharp's consolidated financial forecast On June 5, there were media reports regarding Sharp’s consolidated financial forecast for the year ending March 2016. However these reports are not based on Sharp’s announcement. Furthermore, there is no fact of Sharp making decision to record the loss for the businesses...
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Re: Ricoh strengthens digital workplace capabilities with DocuWare acquisition
Well, it was not something that was unexpected. I mentioned this a few years ago in one of my annual copier predictions. Not that Ricoh would buy DocuWare but rather major copier vendors would acquire document management companies. Here's the link: 1. With Print Audit leading the charge with the purchase of NeoStream, the market is ripe for the likes of Ricoh, KonicaMinolta, Canon and Kyocera to acquire document management software companies. Own the digital documents.
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Re: Ricoh strengthens digital workplace capabilities with DocuWare acquisition
TY for "Liking" @gap
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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: Western Making $18B Bid for Toshiba Unit? ‘Compelling,’ Says RBC
Western Digital's initial bid was around $9B. Well below anyone else.
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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: Who would have thought that Canon, Ricoh, Sharp & Samsung would..
Consolidation is inevitable. The successful will ultimately digest the not-so-successful.
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Re: Who would have thought that Canon, Ricoh, Sharp & Samsung would..
I think Samsung buys Sharp and I do think Xerox will be sold off to someone but I don't know who that would be. I could see another IKON scenario between Canon and Ricoh trying to buy Xerox to get all their dealers back.
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Sharp contractors axe 3,000 staff as iPhone sensor output shifts: union
TOKYO (Reuters) - Nearly 3,000 foreign workers subcontracted to Sharp Corp have been laid off in central Japan, a labour union said, as the firm moves production of some sensors for Apple iPhones to a Chinese plant owned by its parent Foxconn. The labour union said some of the laid off workers were its members. The union is in Mie Prefecture in central Japan, where Sharp's plant is located. The news of the relocation, first reported by the Nikkei business daily, and the layoffs sent Sharp...
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Esker and Fuji Xerox Announce Accounts Payable Partnership in Asia-Pacific
LYON, France & MIDDLETON, Wis.--(BUSINESS WIRE)--Feb 13, 2019--Esker, a worldwide leader in AI-driven document process automation solutions and pioneer in cloud computing , announced today that Fuji Xerox , a leading solutions provider in document services and communications, will market Esker’s cloud-based Accounts Payable automation solution as part of Fuji Xerox’s offering to optimize accounts payable (AP) management processes in Japan, and soon in Australia, Hong Kong and Singapore.
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Sharp’s Recovery Spotlights the Strength of Corporate Alliances Between Japan and Taiwan
The Intent of Sharp’s Offensive and Defensive Strategies Sharp and Toshiba, two large corporations that once epitomized Japan as a consumer electronics superpower, could hardly differ more in their performance and outlook. On June 5, Sharp announced offensive and defensive strategies of issuing up to ¥200 billion in new shares to improve its financial standing and of acquiring Toshiba’s PC business. Although it later scuttled the stock plan due to market instability arising from recent trade...
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Canon IT Solutions Inc Japan Joins Beyond Security as Technology Partner
CUPETINO, CALIFORNIA, UNITED STATES, July 27, 2018 / EINPresswire.com / -- Beyond Security, a leading provider for automated security testing solutions including vulnerability management announced their technology partnership with Canon IT Solutions Inc, a Japan based System integration Solution Corporation that offers Consulting, Construction, Operation management, Maintenance service and IT infrastructure services. “Beyond Security offers security solutions that are easy to implement and...
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Ricoh named Company of the Year by Irish Japan Chamber
Ricoh has been in Ireland since 1980 Will grow workforce to 190 by 2020 on back of €6.5M investment Donated more than €200K worth of products and services to Irish charities last year TOKYO, November 23, 2018 - Ricoh Company, Ltd. (hereafter 'Ricoh) today announces that it has been named Company of the Year at the Ireland Japan Business Awards 2018. Hosted by the Ireland Japan Chamber of Commerce, the annual awards recognise the companies making outstanding contributions to Ireland-Japan...
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Mimaki to sell OKI Data wide format inkjet printers worldwide
TOKYO, January 28, 2020 -- On January 6, 2020, Mimaki Engineering Co., Ltd. and OKI Data Corporation, the OKI Group’s printer company, concluded an exclusive international sales agreement for the distribution of OKI Data’s wide format inkjet printers. Under the terms of this agreement, the two companies will expand their sales alliance in Japan, announced in March 2019, to encompass overseas sales. Under this agreement, from April 1, 2020, Mimaki Engineering will sell OKI Data’s wide format...
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Toshiba sees FY2019 profit roughly in line with forecast, limited virus impact
FILE PHOTO: The logo of Toshiba Corp is seen as Window cleaners work on the company's headquarters in Tokyo, Japan, February 14, 2017. REUTE TOKYO (Reuters) - Toshiba Corp said on Monday it expects operating profit for the year ended March to more than triple, as the Japanese industrial conglomerate sees a limited impact from the coronavirus outbreak on its earnings for the financial year. It forecast a profit of more than 130 billion yen ($1.2 billion), roughly in line with the previously...
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Sharp gobbles NEC as Japan's display giants team up to take on Europe and North America
Not copier news but still interesting as Terry Gou continues to acquire Japanese display giant Sharp will gobble NEC's display business in a push to expand into North America and Europe. Under the terms of the deal, Sharp will acquire two-thirds of NEC Display Solutions (NDS) and form a joint venture to take the two companies' products to market. NDS makes LCD displays, professional projectors, and digital cinema products and solutions. The company has a sales of 63.2 billion yen ($571m) but...
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Canon extends lockdown in Japan
Canon extends lockdown in Japan - Has extended lockdown at its head office, manufacturing plants in Kanto region, and other locations in Japan - Now closed until 5/10/2020
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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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Re: Sharp forecasts return to profit in solar business next year
So, there you have it. Solar panels & batteries is going to be the savior of Sharp. A potential pillar of change. LOL
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Re: Sharp Issues Profit Warning
Interesting....., last week we get reports that Sharp USA sold their Headquarter in NJ, only to lease it back. Then I get an email earlier today about a rumored GIANT acquisition in the industry. Now, I get this Sharp financial update with an unknown source claiming that Sharp will lose billions (yen that is). Very interesting indeed.
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Re: Sharp Issues Profit Warning
Japan's Sharp (IW 1000/160) saw its shares plunge in Tokyo on Monday following a report that said the consumer electronics giant would fall back into the red, reversing company forecasts for an annual profit. The firm's shares dropped 8.73% to 230.0 yen by the close of trading. Japan's leading Nikkei business daily said the Osaka-based firm would report a loss that could amount to hundreds of millions of U.S. dollars for the fiscal year through March owing to a slump in its struggling...
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Re: Sharp Issues Profit Warning
Sharp has been down this road before. They have a history of surviving. Remember when IKON dropped Sharp? Everyone thought they were doomed. They are still here today. I think they will overcome this storm.
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Re: Sharp Issues Profit Warning
I do remember when ikon dumped sharp, and sharp was a dominant player them. After Ikon, Sharp not doing so well with copiers
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Re: Sharp Issues Profit Warning
Ricoh doesn't have the money to buy anyone else. Let alone, I doubt they want to go down the acquisition road again after thenIkon fiasco. Samsung is the one who has the cash to buy anyone in the industry. Year before last they had 32 billion in cash on hand at year end they had to spend for tax purposes etc.
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Re: Sharp plans to use capital to wipe out past losses: source
Eventually the ship is going to sink. It can only take so many bomb shells before it goes down.
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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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Re: We all thought Sharp Corp would be next to drop, but Toshiba Tec may be sold first
The sources for this story are not named nor any details confirmed by Toshiba Corp. Toshiba Corp could request Toshiba Tec (an independent subsidiary company) to buy controlling interest in its shares. The copier division is doing OK but Toshiba Tec probably made a mistake in overpaying for the IBM Point of Sale division a few years ago. This forced a big write down and loss on overstated assets for the last six month accounting period. Toshiba Tec has never been involved with the accounting...
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Re: We all thought Sharp Corp would be next to drop, but Toshiba Tec may be sold first
saw that, secret sources right. We'll see, Toshiba may need the cash rather that let Toshiba Tec on their own. But, we've seen crazier things right.
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Re: We all thought Sharp Corp would be next to drop, but Toshiba Tec may be sold first
Samsung is probably the only one who can afford to buy another manufacturer. They have more money than god right now.
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Re: We all thought Sharp Corp would be next to drop, but Toshiba Tec may be sold first
No mention of Toshiba Tec in Toshiba Corp's big restructuring statement made Dec 21 in Japan. It seems all of the pain will be in Toshiba Corp's consumer electronic business encompassing TVs, appliances and maybe/maybe not the laptop business.
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INCJ sticks by rescue plan for Sharp as Foxconn talks continue
Japan’s Innovation Network Corp. is confident Sharp Corp. will see its rescue plan as superior to a competing bid even as the struggling electronics maker enters talks with Taiwan’s Foxconn Technology Group. “We are not giving up,” INCJ Chief Executive Officer Toshiyuki Shiga said in a recent interview in Tokyo. “Ours is clearly the better option for Sharp.” While Foxconn is bidding for the whole company, INCJ plans to inject cash and revive individual Sharp businesses by combining them with...
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Japan fund makes late move to thwart Hon Hai in Sharp battle: sources
A Japanese state fund is making a final effort to secure a takeover of Sharp Corp ( 6753.T ) as the ailing electronics maker considers a higher $5.8 billion offer from Taiwan's Foxconn ( 2317.TW ), criticizing the composition of the company's board, sources said. Innovation Network Corporation of Japan (INCJ) officials are taking issue with two of Sharp's board members who they believe have a conflict of interest as they represent a fund that holds preferred shares in the electronics...
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Who would have thought that Canon, Ricoh, Sharp & Samsung would..
Who would have thought that by the summer all of these scenarios could play out. Foxconn buys Sharps Ricoh buys Xerox (the hardware division) , Ricoh gets back all of the dealers they lost to global Canon buys Lexmark (the hardware division) Samsung buy Sharp Imaging Business unit from Foxconn Sounds crazy right? By the time most of you read this Sharp will have either accepted the Foxconn offer of the INCJ offer. INCJ is an investment fund that is backed by the government of Japan, the sole...
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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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Sharp to start two-day board meeting on Foxconn's $5.9 billion offer - sources
TOKYO Loss-making Japanese electronics maker Sharp Corp's ( 6753.T )board begins a two-day meeting on Wednesday to decide if it should accept a $5.9 billion (£4.2 billion) takeover by Taiwan's Foxconn instead of an offer from a state-backed fund, sources with direct knowledge of the matter said. A deal with Foxconn, the world's biggest assembler of Apple Inc ( AAPL.O ) products known formally as Hon Hai Precision Industry Co ( 2317.TW ), would pave the way for the largest acquisition by a...
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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...