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Sony, Sharp and Panasonic Report Significant Losses
Keywords:
Sharp showed a loss of $3.1 billion for the third quarter of 2012, far larger than expected. Sharp's new forecast is for losses of $5.6 billion for 2012. Sharp CEO, Takashi Okuda, even said the company has "material doubts" about its survival because of "serious negative operating cash flow." Sharp made large bets on LCD panel manufacturing with large investments in added capacity as the television market turned into a commodity business with declining prices and with new competition from China. Just one factory in Sakai, Japan, could manufacture 6 million LCD panels a year- the total global market size at the time. Two other events hurt Sharp- missing the smartphone shift with the introduction of the iPhone in Japan in 2008 leading to a sharp drop in sales, and the collapse of the solar business with cheap products from China. The global economic crisis and overstretched consumers in the U.S. and Europe led to declining sales. Sharp's new factories for LCD panels at Kaneyama now make panels for iPads and iPhones.
Losses at Japanese electronic companies in 2011-2014
10/24/2010
$17 billion in losses for 2011 for Japanese electronic companies, including Panasonic, Sharp and Sony. Competition from Apple in products with consumer appeal and Samsung in manufacturing, and the failure of Japanese electronic companies to create exciting new products.
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Weaker Yen Puts Japanese Profits on a New Track
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Sony Posts a Small Profit, Its First in 5 Years
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Japan's Electronics Under Siege
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Sharp to Raise Up to $1.67 Billion
Wall Street Journal 09/19/2013
Movieâs Flop Contributes to a Loss for Sony
New York Times 10/31/2013
Japanese Firms Send Work Overseas
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Sony- story of turnaround efforts under Howard Stringer
05/29/2006
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Sony May Revise Earnings Outlook As Battery Recall Hits Its Vaio Line - WSJ.com
Wall Street Journal 10/18/2006
Sony to Cut 8,000 Jobs, Close Factories
Wall Street Journal 12/10/2008
Wall Street Journal 01/20/2009
Wall Street Journal 01/24/2009
Stringer Steps Up as Sony Faces Slump
Wall Street Journal 02/28/2009
Sony Losses Raise Pressure on Stringer
Wall Street Journal 05/15/2009
Sony, Panansonic, and Sharp in Japan's smartphone market 2010-2015
08/16/2012
Japan's smartphone manfacturers lag far behind Apple and Samsung in the smartphone market.
Grouped Articles
Japan's Electronics Under Siege
Wall Street Journal 05/15/2013
Apple Finds Surprising Growth Market in Japan
Wall Street Journal 11/11/2013
Sony Tries to Crack Smartphone Market With Xperia Z2
Wall Street Journal 02/24/2014
Sony Vows to Overhaul Smartphone Unit
Wall Street Journal 11/26/2014
Sony’s Mobile Unit Seeks Profit, Innovation
Wall Street Journal 03/02/2015
Wall Street Journal 08/16/2012
Foxconn's stake in Sharp Corp.
03/27/2012
Grouped Articles
Foxconn Tries to Move Beyond Appleâs Shadow
New York Times 05/06/2013
Sharp to Raise Up to $1.67 Billion
Wall Street Journal 09/19/2013
Sharp Seeks to Spin Off LCD Panel Unit
Wall Street Journal 04/06/2015
Sharp Nears Deal With Lenders on Debt-for-Equity Swap
Wall Street Journal 04/18/2015
Sharp Restructuring Plan Fails to Impress
Wall Street Journal 05/15/2015
Apple Assembler Hon Hai Should Be Wary of Sharp’s Edges
Wall Street Journal 12/29/2015
Sharp's solar-panel business
07/05/2011
Grouped Articles
Wall Street Journal 07/05/2011
Sharp President Pushes Solar Power in Japan's Nuclear Wake
Wall Street Journal 07/25/2011
New York Times 11/06/2011
Dark Times Fall on Solar Sector
Wall Street Journal 12/27/2011
How Japan's Sharp Lost Its Edge
Wall Street Journal 03/20/2012
A Long Road Ahead for Japan Tech Giants
Wall Street Journal 08/02/2012
Sharp Corp. strategies
07/25/2011
Grouped Articles
Sharp to Raise Up to $1.67 Billion
Wall Street Journal 09/19/2013
Sharp Seeks to Spin Off LCD Panel Unit
Wall Street Journal 04/06/2015
Sharp Nears Deal With Lenders on Debt-for-Equity Swap
Wall Street Journal 04/18/2015
Sharp Shares Plunge Ahead of Restructuring
Wall Street Journal 05/12/2015
Sharp Restructuring Plan Fails to Impress
Wall Street Journal 05/15/2015
Sharp to Explore Options for LCD Panel Business
Wall Street Journal 08/03/2015
Japan Display K.K.- LCD merger of the operations of Sony, Toshiba and Hitachi in 2011
04/22/2010
Competition and efforts to consolidate operations of Japanese manufacturers of LCD dislays for television sets.
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How Vizio Beat Sony in High-Def TV
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Japan Display to Raise Up to $2 Billion in IPO
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New Sony CEO to Cut 10,000 Jobs
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Japan Display Plans $4 Billion IPO
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Japan Display Opts for Cautious Offering Price
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Japan Display Comeback Marred by Weak IPO
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Sony strategies
05/29/2006
Grouped Articles
American Investor Targets Sony for a Breakup
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Sony Grabs Lead in Race for Internet Pay TV
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Sony Struggles to Stay In the Game
Wall Street Journal 11/01/2013
Samsung Threatens Sony's Progress
Wall Street Journal 07/08/2010
Sony Slashes Forecast to $1.1 Billion Annual Loss
Wall Street Journal 02/07/2014
After Losses, Yet Another Overhaul for Sony
New York Times 02/06/2014
Diversification into solar energy, electric car batteries and medical devices at Japanese electronic manufacturers, Sharp, Panasonic and Sony
12/27/2011
Grouped Articles
Weaker Yen Puts Japanese Profits on a New Track
Wall Street Journal 05/07/2013
Dark Times Fall on Solar Sector
Wall Street Journal 12/27/2011
Sharp to Raise Up to $1.67 Billion
Wall Street Journal 09/19/2013
Panasonic Expects 16% Profit Rise This Full Year
Wall Street Journal 04/28/2014
Japan’s Growth in Solar Power Falters as Utilities Balk
New York Times 03/03/2015
Sony Expects Profits to Surge This Fiscal Year
Wall Street Journal 04/30/2015
Sharp Corp. and its manufacturing facilities for LCD.
11/30/2009
Grouped Articles
Sharp Seeks to Spin Off LCD Panel Unit
Wall Street Journal 04/06/2015
Sharp Nears Deal With Lenders on Debt-for-Equity Swap
Wall Street Journal 04/18/2015
Sharp to Explore Options for LCD Panel Business
Wall Street Journal 08/03/2015
Sharp's New Plant Reinvents Japan Manufacturing Model
Wall Street Journal 11/30/2009
LCD Makers Settle Price-Fixing Claims
Wall Street Journal 12/28/2011
Prices for LCD TVs Continue to Fall
Wall Street Journal 12/28/2011
Sharp Corp. performance
07/25/2011
Grouped Articles
Sharp to Raise Up to $1.67 Billion
Wall Street Journal 09/19/2013
Sharp Seeks to Spin Off LCD Panel Unit
Wall Street Journal 04/06/2015
Sharp Nears Deal With Lenders on Debt-for-Equity Swap
Wall Street Journal 04/18/2015
Sharp Shares Plunge Ahead of Restructuring
Wall Street Journal 05/12/2015
Sharp Restructuring Plan Fails to Impress
Wall Street Journal 05/15/2015
Sharp to Explore Options for LCD Panel Business
Wall Street Journal 08/03/2015
Sharp Corp. management
07/25/2011
Grouped Articles
Sharp to Raise Up to $1.67 Billion
Wall Street Journal 09/19/2013
Sharp Seeks to Spin Off LCD Panel Unit
Wall Street Journal 04/06/2015
Sharp Nears Deal With Lenders on Debt-for-Equity Swap
Wall Street Journal 04/18/2015
Sharp Shares Plunge Ahead of Restructuring
Wall Street Journal 05/12/2015
Sharp Restructuring Plan Fails to Impress
Wall Street Journal 05/15/2015
Sharp to Explore Options for LCD Panel Business
Wall Street Journal 08/03/2015
The electronics manufacturing bubble in Japan with large badly timed investments by Panasonic in plasma television and Sharp in LCD 's
11/01/2012
Linked Articles
Sony, Sharp and Panasonic Report Significant Losses
New York Times 11/01/2012
Wall Street Journal 11/01/2012
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