Massive $6.3 Billion Writedown is Tanking Toshiba, Could It Collapse?

Toshiba Corp. announced yesterday that it will take a $6.3 billion writedown to account for the meltdown of its nuclear division. This amount of writedown is much higher than the markets had anticipated, forcing Toshiba into crisis mode having to … Continue reading

Sharp Shocker: Company Will Report Interim Net Loss Almost Double Their Forecast

The Nikkei reported today that it has learned from unnamed sources that Sharp Corp. is about to report a surprising interim net loss of ¥400 billion (just over $5 billion). Covering the period of their April-through-September fiscal (interim) semester, this … Continue reading

Japan Moves to Set Worldwide Standard for Residential Energy Storage

At last month’s CEDIA Expo in Indianapolis, we learned about – and reported on – a new venture by industry stalwart Joe Piccirilli to sell a residential energy storage hub under the Rosewater Energy Group brand. Their hub uses rechargeable … Continue reading

Sharp, Struggling to Survive, Provides Banks with a New Plan; Ratchets Up Painful Cuts

Sharp Corp., once a high flying superstar of Japanese manufacturing might, finds itself engaged in a multi-front battle for survival as it seeks to replenish its depleted capital reserves. Recently, the company had announced that it was negotiating a partnership … Continue reading

Forget 4K! Japanese Engineers Create New Global Standard – UHDTV

As the industry is on the verge of rolling out the latest HDTV upgrade – 4K resolution – news comes out of Japan that a coalition of Japanese broadcasters and television equipment manufacturers have collaborated to create the next great … Continue reading

JVC Kenwood to Sell System Streaming Soothing Sounds of Forests

JVC Kenwood Corp. said that next spring it will begin selling a system designed to deliver the soothing sounds of the forest streamed over the Internet in real time. The company will be involved in all aspects of the system … Continue reading

New Symbol of Sony’s Suffering – Stock Drops to Lowest Level in 32 Years

In yet another sign of the decline of a once seemingly invincible technological powerhouse, shares in Sony Corp. in Tokyo closed Monday below ¥1,000 ($12.76) per share – setting a disturbing new record low. The last time the stock was … Continue reading