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 … Continue reading

It’s Official, Moody’s Says Sony is ‘Junk’

In a move that has been highly anticipated or, depending on your point of view, highly dreaded,  Moody’s Investors Service cut its credit rating on Sony Corp. by one notch, dropping it below investment grade – taking it to “junk” … Continue reading

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