Investors are paying close attention to this reporting season which will give insights into how profitability is holding up following the tax hike.» Read More
Sony said it would step up a broad restructuring to tackle bloated costs and exit some unprofitable businesses.
TOKYO, May 14- Sony Corp said on Wednesday it would implement tough restructuring measures this financial year and warned it would post a second consecutive year of net losses as it tries to turn around its struggling electronics business.
TOKYO, May 14- Sony Corp said on Wednesday it expects to log a 50 billion yen net loss this financial year, its sixth in seven years, and plans additional restructuring measures that include its loss-making PC operations. Sony made a 128.4 billion yen net loss for the 2013/ 14 financial year that ended March 31, in line with its own forecast of a 130 bln net loss.
DETROIT, May 7- Tesla Motors Inc, led by billionaire Elon Musk, on Wednesday offered an outlook for the second quarter that disappointed some investors, sending shares down 7 percent in after-hours trading. The Palo Alto, California- based company reported a first-quarter net loss of almost $50 million, compared with last year's first-ever quarterly profit.
Asian equities were sharply sold off on Wednesday on mounting concerns that Ukraine was on the brink of a civil war.
TOKYO, May 1- Sony Corp slashed its earnings guidance for the third time in a year on Thursday to barely 10 percent of its initial outlook as further losses from its PC exit cast a pall over its struggling electronics division.
TOKYO, April 28- Panasonic Corp forecast a third straight year of operating profit growth as it wraps up a restructuring campaign to shift its focus from volatile consumer markets to more reliably profitable industrial products such as car batteries.
TOKYO, April 28- Panasonic Corp expects a final blast of restructuring to help it to its third straight year of profit, with growth depending on higher-margin industrial products such as car batteries.
TOKYO, April 28- Panasonic Corp forecast a third straight year of profit growth for the year to next March but at a much slower pace, counting on a re-orientation towards higher-margin industrial products such as car batteries to fuel growth.
Asian stocks were mixed on Wednesday as investors digested data that showed a slight improvement in Chinese factory activity.
Asian shares fell on Monday with the absence of a lead from Wall Street last week due to the Easter holidays.
TOKYO, April 17- The Bank of Japan maintained its upbeat view on most of the country's regional economies, adding to reassurances from its governor that the world's third-largest economy can ride out the pain from a sales tax hike without additional stimulus.
Asian equity markets ended mostly higher on Wednesday following a better than expected growth report from the world's second biggest economy.
Asian stocks took a hit on Friday after losses on Wall Street overshadowed benign Chinese data.
TOKYO, April 11- Sony Corp on Friday urged customers to stop using a model of its Vaio computers launched in February, saying there was a risk that the battery would catch fire. Sony said in a statement it had shipped 25,905 of the Vaio Fit 11 A in 52 countries since its launch.
Asian stocks kicked off the week lower after heavy losses on Wall Street at the end of last week.
Technology stocks led a global downturn on Monday, after a selloff in U.S. stocks on Friday hit market confidence.
TOKYO, March 27- Panasonic Corp laid out plans for a rebound to record revenue within five years, while boosting planned spending on a restructuring that is recasting the one-time leading consumer electronics maker as a supplier to other businesses.
TOKYO, March 26- Japan's Nikkei share average was modestly higher on Wednesday, with early trade characterised by choppiness ahead of the fiscal year end although Kirin Holdings soared on a report that it will raise its dividend. "There is few domestic catalysts to move the Japanese market as a whole," said Hikaru Sato, senior technical analyst at Daiwa Securities.
Sony is counting on the boom in smartphones and the market's voracious appetite for megapixels to drive growth in its image sensor business.