Categories
Close
Menu
Menu
Close
Search
Search

Featured Articles

News

Panasonic and Sharp both forecast annual losses

Mark

Share:

Print

Rate article:

No rating
Rate this article:
No rating

Panasonic Corporation has reported quarterly and half-year results, with sales down and losses growing despite an increase in operating profit.

Consolidated group sales for the second quarter decreased by 12% year-on-year to 1,823.7 billion yen (£14.1 billion) and the net loss was 698 billion yen compared with a 105.8 billion yen loss in the same quarter a year ago.

The company has now forecast a net loss of 765 billion yen for the financial year after admitting that restructuring costs were considerably higher than previously expected. Panasonic also announced that it’ll be merging some of its business units.

Meanwhile, Sharp Corporation revealed half-year net sales down 16% to 1,104.2 billion yen (£8.5 billion) and a net loss of 387,584 million yen for the six-month period. A net loss of 450 billion yen for the financial year is expected.

It said Sharp was currently “in circumstances in which material doubt about its assumed going concern is found” and planned further restructuring, “aiming to be a life style creating company”.

Comments

Collapse Expand Comments (0)
You don't have permission to post comments.

Opinion Articles

Whatever happened to all my tech?

ExclusiveWhatever happened to all my tech?

Mark Bridge writes:

I've been taking a look back at the devices I've written about during the past few years. Some are still faithful companions, others... well, let's just say my faith was misplaced.

ExclusivePredictions for 2016: Network Function Virtualisation, 4G throttling and video calling

Mark Windle, head of marketing at OpenCloud, predicts that this year’s reduction in the number of traditional telecoms operators in some countries will provide an opportunity for other operators to innovate and capture market share in 2016.

He says next year will be a year of rapid change for telecoms… whether it’s MVNO disruption, competitive tariff pricing or simply defence from the ‘dark art’ of hacking.

Kapture review: the audio-recording wristband

ExclusiveKapture review: the audio-recording wristband

Mark Bridge writes:

The most memorable moments in life often go unrecorded. You don't have your camera in your hands. Your finger is still hovering over the 'pause' button on your audio recorder. Or you were simply too busy experiencing whatever was happening. It's all about the one that got away.

That's where Kapture can help.

RSS
12345678910Last

Recent Podcasts

ExclusivePodcast - 4th May 2011

This week's podcast returns to the subject of iPhone tracking before moving on to BlackBerry news, Nokia's reorganisation and mobile payments. There's also a look back to 2008, when virtual network Blyk announced its first 100,000 UK customers.

ExclusivePodcast - 27th April 2011

This week's news stories include claims of spying iPhones, Nokia's plans, Facebook chat, Sony's tablets, Ofcom complaints, legal action and Charlie Sheen. We also look back at the 'cashback crisis' of 2007.

ExclusivePodcast - 20th April 2011

This week's edition of The Fonecast covers text message donations, network partnerships, mobile payments and the latest innovations. There's also a look back at a feature from 2006 in which we discussed the still-current topic of voicemail hacking.

ExclusivePodcast - 13th April 2011

In this week's podcast we're joined by David Emm from Kaspersky Lab UK to talk about malware on mobile phones. And, as usual, we take a look at the latest mobile industry headlines - from pricey tariffs to an unlimited internet deal.

ExclusivePodcast - 6th April 2011

This week's podcast starts with news about mobile phones at the London 2012 Olympic Games... and ends with a newspaper being fooled by a ghostly iPhone application. In the middle you'll find mobile payments, takeovers, Facebook, wireless patents - and much more.

RSS
First5354555658606162Last

Follow thefonecast.com

Archive Calendar

«July 2026»
MonTueWedThuFriSatSun
293012345
6789101112
13141516171819
20212223242526
272829303112
3456789

Archive