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Japan White Goods Shipments Hit 20-Year High in 2017

Tokyo, Jan. 24 (Jiji Press)—White goods shipments in Japan in 2017 grew 2.0% from the previous year to ¥2.3 trillion, hitting the highest level since 1997, an industry group said Wednesday. Shipments grew for the second consecutive year, led by the popularity of models featuring high energy efficiency and high-spec products that can help save time for household work, according to the Japan Elec…

Toshiba, Western Digital Settle Chip Unit Dispute (News)

Tokyo, Dec. 13 (Jiji Press)—Toshiba Corp. said Wednesday that it has settled a dispute with its flash memory business partner, Western Digital Corp., over its planned sale of subsidiary Toshiba Memory Corp. The agreement to settle all litigation and arbitration represents a major step forward for the chip unit sale, a key part of the struggling Japanese electronics and machinery group's efforts…

Sharp Returns to TSE First Section

Tokyo, Dec. 7 (Jiji Press)—Sharp Corp., now on track to reconstruct its operations, returned to the first section of the Tokyo Stock Exchange on Thursday, about 16 months after its demotion to the TSE second section. The stock fetched the day's first quotation of ¥3,905, up ¥20 from Wednesday's closing on the second section. However, it lost momentum later to close down ¥80 at ¥3,805, extending…

Product Data Tampering Found at Mitsubishi Materials Units (News)

Tokyo, Nov. 23 (Jiji Press)—Mitsubishi Materials Corp. said Thursday that two subsidiaries have falsified product quality data and shipped products that did not satisfy internal and client requirements. The two subsidiaries of the major Japanese nonferrous metal producer are Mitsubishi Cable Industries Ltd. and Mitsubishi Shindoh Co. Of Mitsubishi Cable's clients, 229 companies were affected…

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…

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.

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. …

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…

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…

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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