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Toshiba Looks to Bain Capital Team Again for Chip Unit Sale (News)

Tokyo, Sept. 13 (Jiji Press)—Toshiba Corp. said Wednesday it has entered into a memorandum of understanding with Bain Capital to accelerate talks with a group led by the US private equity firm on the sale of its flash memory unit, with the aim of reaching a definitive agreement by the end of this month. The move came as the troubled Japanese electronics and machinery giant and Western Digital C…
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Toshiba’s Continuing Struggle to Stave off BankruptcyImazawa Makoto

Electronics and machinery giant Toshiba Corp. continues to flounder after massive losses in its nuclear power business in the United States came to light in December 2016, plunging the corporation into negative net worth. Toshiba’s auditor gave only qualified approval of its business results for the fiscal year ending March 2017 due to a disagreement over how Toshiba handled the losses on its balance sheet, leading to a delay in announcing its annual earnings results and filing its annual securities report. To erase its negative net worth, the firm is in talks to sell Toshiba Memory Corp., its flash memory unit, but no agreement on a sale has been reached yet.
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Sharp to Release World’s First Home-Use 8K TVs (News)

Tokyo, Sept. 1 (Jiji Press)—Sharp Corp. has said it will release the world's first 8K superhigh-definition television sets for home use. In Japan, Sharp will launch a 70-inch model on December 1, following its Chinese debut in October, according to the company's announcement on Thursday. The 8K TV series will also hit the market in Taiwan in February 2018 and Europe in the following month. …
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Japan-US-Korea Team Named Toshiba Unit Preferential Bidder (News)

Tokyo, June 21 (Jiji Press)—Toshiba Corp. decided at a board meeting on Wednesday to grant a Japan-US-Korea consortium the preferential right to negotiate for its flash memory unit, Toshiba Memory Corp. The struggling Japanese electronics and machinery maker said it aims to conclude a contract with the consortium before a general meeting of Toshiba's shareholders on June 28 and complete the uni…
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Japanese Electronics Retailer Bic Camera to Accept Bitcoins (News)

Tokyo, April 5 (Jiji Press)—Major Japanese electronics retailer Bic Camera Inc. said Wednesday it will start accepting bitcoin payments at some stores, mainly to attract foreign visitors who use the virtual currency. Shoppers will become able to pay in bitcoins when their smartphones read two-dimensional barcodes to be shown on displays at Bic Camera stores. Customers can pay a maximum of ¥1…
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Nintendo Switch: A Tried-and-True Approach to a New ConsoleHirabayashi Hisakazu

Nintendo took its characteristic approach in developing the firm’s newest game console, the Nintendo Switch, relying on mature technology to offer an alternative playing experience. The gaming giant is betting that the platform’s features, including an infrared motion tracking camera, will open the way to fresh, innovative ways of gaming.
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Toshiba in Crisis After Failed Nuclear GambleMori Kazuo

Toshiba is in profound difficulties, facing enormous losses from its nuclear subsidiary and forced to sell off its profitable flash memory business. Journalist Mori Kazuo traces the path from President Nishida Atsutoshi’s 2005 gamble to pull the company out of stagnation up to its present troubles.
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Toshiba’s Loss from US Nuclear Business May Reach ¥700 Billion (News)

Tokyo, Jan. 19 (Jiji Press)—Toshiba's loss from its nuclear power plant business in the United States may balloon to as much as ¥700 billion, against its earlier estimate of up to ¥500 billion, it was learned Thursday. Toshiba explained about the possibility in talks with main creditor banks including Sumitomo Mitsui Banking Corp., Mizuho Bank and Sumitomo Mitsui Trust Bank on the day. It then …
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Japan’s Electronics Makers Unveil a Future Shaped by the Internet of ThingsŌkawara Katsuyuki

CEATEC Japan, Asia’s largest IT and electronics trade fair, has shifted its focus to the Internet of Things. The author examines the backdrop to this change and uses the 2016 trade fair as a springboard for analyzing the strategies of Japan’s major electronics firms.
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Rescuing a Giant: Sharp’s Future in Foxconn’s HandsMori Kazuo

In early April Taiwan’s Foxconn concluded its bid to acquire Sharp, placing the future of the debt-ridden manufacturer firmly in the hands of the group’s chair, Terry Gou. The question going forward is whether the charismatic business leader can right the fortunes of the struggling Japanese company.
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