Yamaha Corp., likely heaving a sigh of relief, announced their financial results for the 9-month period through the fiscal third quarter (April 1, 2013 – December 31, 2013) with almost all good news. Showing significant sales and profit gains, the musical instrument and electronics manufacturer benefited from positive currency exchange rates…and lower overhead due to previous cost-cutting efforts.
Archives for February 2014
The DaVinci Group Promotes Jeff Francisco to President as Part of Sales Team Expansion
The DaVinci Group, Inc., a young but rapidly growing manufacturer of custom integration products, announced today at the 2014 ISE show that Jeff Francisco has been named President of the company. Francisco has been the company’s Vice President of Sales for most of the last year.
According to the company, this announcement is part of an overall expansion of its executive team, as the company seeks to build up its infrastructure to better address its rapid growth.
Learn more about this appointment…and why the company needed to take this step now… [Read more…] about The DaVinci Group Promotes Jeff Francisco to President as Part of Sales Team Expansion
Aim High Audio Announces Southeast Dealer Show & Florida Expansion
Aim High Audio Sales and Distribution announced that they will hold a major dealer event for custom integrators throughout the Southeast in Atlanta, GA called The 2nd Annual Big Show. This Big Show is scheduled to take place March 25 & 26 at the Atlanta Marriott Northwest in Atlanta and will present displays from the company’s significant line of brands, as well as special speakers and presentations.
The company also announced that it has expanded its coverage in Florida with two industry veterans joining the organization.
See more about the Big Show & Aim High Audio’s Florida expansion… [Read more…] about Aim High Audio Announces Southeast Dealer Show & Florida Expansion
Sony, Finally Making Its Move, Puts the Computer Biz Up for Sale; TV Biz is Next Target for Shake-Up
The Nikkei reported this week that Sony Corp. has finally taken a bold step to reorganize its business by putting its VAIO computer division up for sale. According to the report, the company is in negotiation to offload the division to Japan Industrial Partners (JIP), a Japanese investment company.
See why this move makes sense…and why their TV division is the next target for a shake-up… [Read more…] about Sony, Finally Making Its Move, Puts the Computer Biz Up for Sale; TV Biz is Next Target for Shake-Up
With Huge Increase in Fiscal YTD Net Loss – JVC Kenwood Moves to Cut Staff & Buy a Company
JVC Kenwood Corporation released their year-to-date results for the first nine months (April 1, 2013 – December 31, 2013) of the current fiscal year at the end of last week. The results clearly portrayed a company in a struggle to turn their flagging business around. Although 9-month sales showed a 2.6% increase to ¥230.3 billion ($2.3 billion), up from ¥224.5 billion ($2.2 billion) last year…the company also booked a net loss that also increased more than four-fold – from ¥1.4 billion ($13.8 million) last year to ¥5.7 billion ($55.7 million) now.