Mikio Katayama News
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Sharp Corp. forecast its first annual profit in three years as Japan’s largest maker of liquid-crystal displays expects orders to recover after signing a deal with Samsung Electronics Co.
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Sharp Corp., the unprofitable Japanese television maker, will promote Executive Vice President Kozo Takahashi to president, replacing Takashi Okuda, the Nikkei reported.
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Sharp Corp. rose to the highest in a year in Tokyo trading after reports it will extend job cuts by 5,000 and reshuffle management as the unprofitable electronics maker seeks to end losses.
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Japan’s domestic shipments of solar-power devices will exceed 2.5 gigawatts in the year ending March 2013, said Mikio Katayama, chairman of the Japan Photovoltaic Energy Association, at a press conference.
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Japanese companies may wait to invest in clean energy technology until the government determines renewable energy tariffs and a framework for deregulating the nation’s power industry, long monopolized by regional utilities.
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Japanese domestic shipments of solar panels may increase by as much as 10 times in “a fairly short period” after the government approved renewable energy subsidies, a solar industry group’s chairman said.
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Panasonic Corp. and Sharp Corp., makers of Japan’s most popular appliances and televisions, are accelerating their shift toward energy-saving devices after this year’s earthquake led to nationwide power shortages.
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Japan is poised to overtake Germany and Italy to become the world’s second-biggest market for solar power as incentives starting July 1 drive sales for equipment makers from Yingli Green Energy Holdings Co. to Kyocera Corp.
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Sharp Corp. , Japan’s largest maker of liquid-crystal displays, said operating profit may rise 23 percent this year as the company boosts earnings from LCD and solar panels.
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Sharp Corp. named Takashi Okuda its new president after forecasting a record annual loss amid slumping prices for its Aquos TVs, an economic slowdown and a tax charge.
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