Panasonic Corp. (Osaka, Japan) said sales in its Appliances business segment in the first nine months of the year were up 8%, to 903.2 billion yen (approx. $8.8 billion), from 833.9 billion yen in...
For its just-ended fiscal year, Sharp Corp. (Osaka, Japan) reported net sales of 2,478,586 million yen, up 0.9% from 2,455,850 million yen in the previous year.
In the year that ended March 31, 2013 (fiscal 2012), Sharp reported an operating loss of 146,266 million yen. In the previous fiscal year, ended March 31, 2012, the company had an operating loss of 545,347 million yen.
Three divisions comprise Sharp's Consumer/Information Products. Together they had sales of 1,338.4 billion yen, down 17.9%.
Health and Environmental Equipment sales were 309.6 billion yen, up 6.0%
Panasonic Corp. (Osaka, Japan) said sales in its Appliances segment in the third quarter of its fiscal year 2013 were down 1% to 383.1 billion yen (approx. US$4.1 billion). The Appliances segment's operating profit for the quarter was 19.3 billion yen, down 4.3 billion yen.
Sales in Appliances in the first nine months of fiscal 2013 increased 1% to 1,197.1 billion yen (approx. $12.8 billion), from 1,187.4 billion yen a year ago. The company saw of air-conditioners drop, but this was offset by increased sales of refrigerators and washing machines.
Panasonic Corp. (Osaka, Japan) plans to agreement to absorb Panasonic Eco Solutions Power Tools Co., Ltd. a wholly owned subsidiary, effective April 1, 2013. The subsidiary, established in 2009, manufactures and sells rechargeable power tools. It had...
Panasonic Corp. (Osaka, Japan) saw group sales drop 12% in the second quarter of its fiscal year and reported group sales were down 9% in the first half of the fiscal year.
Panasonic's Appliance business segment, however, saw sales increase 2% in the first half of its current fiscal year, to 814.0 billion yen (approx. US$10.2 billion), compared to 801.1 billion yen a year ago.
The company said sales were down in air-conditioners, but this was more than offset by sales increases in refrigerators and washing machines.
Panasonic's troubles have been well-documented over the last several quarters, but now, the company could be planning to lay off employees at its headquarters in Osaka, Japan, according to a report.
Panasonic currently employs about 7,000 people at its headquarters, but if recent claims are true, that figure could soon drop to 3,500, according to the Wall Street Journal, citing sources. The Journal's sources say that the layoffs will include early retirement, and some employees might be moved to other divisions.
Last month, Panasonic outlined plans to reorganize its operation by cutting