In Wake of Poor Results, JVC Kenwood Announces Major Cuts to Staff & Compensation

Just days after the JVC Kenwood Corp. announced their dismal fiscal first-half results and revealed dramatic revisions to their full-year forecast – including the surprising news that they would lose money this year – the company released a statement saying … Continue reading

Nortek Q3 Results: The Road to Success Remains Really, Really Bumpy

On Thursday last week, Nortek, Inc. released the financial results for its third quarter (ending September 28, 2013) as well as their nine-month YTD results – and on the following Friday convened a conference call with analysts to discuss them. … Continue reading

JVC Kenwood Dramatically Revises Fiscal Forecast – Now Says It Will Lose Money This Year

In documents released today but dated November 6th, JVC Kenwood Corp. announced both their results for the first half of the current fiscal year (the period of April 1, 2013 to September 30, 2013) and a radically revised forecast for … Continue reading

Perfect Path Says It’s on the Growth Path at CE Week

As we walked the halls of CE Week, we kept running into old friends and well-known industry personalities. We met both at once when we ran into Eric Bodley of  PPC/Perfect Path who was at the show to support various … Continue reading

Unusual Japan Story: 4 Panasonic Directors Given ¥1.9 Billion to Leave

In a move common  in the U.S., but unusual in Japan, the Japan Times reported today that Panasonic Corp. paid ¥1.855 ($18.7 million) to four directors to leave the company in Fiscal 2012. The company broke the news of what … Continue reading

In Wake of Fiscal Year Loss, Pioneer Seeks Business Alliances…and Capital

Pioneer Corp. is seeking to form a business and capital alliance with Japan’s NTT DoCoMo Inc. according to a story today in The Japan Times. The company will also try to enhance its ties with Mitsubishi Electric Corp. “in a … Continue reading

Huge Loss & Management Dismissals Induce Sharp Pain at Sharp Corp.

Sharp Corp. announced this week the worst net loss in its long corporate history for the fiscal year that ended March 31, 2013. Booking a net loss of ¥545.35 billion ($5.4 billion), the company has aggressively moved to shake up … Continue reading

Nortek Reports Uneven Q1 Results, But TECH Actually Contributes This Time

Nortek, Inc. reported their financial results from the first quarter of fiscal 2013 late last week. The results were mixed as the company deals with a struggling economy and a difficult internal restructuring that is impacting costs now, with any … Continue reading