Mitsuo Shimizu News
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Sony Corp. directors are discussing whether to adopt billionaire Daniel Loeb’s proposal for an initial public offering of its entertainment business, a week after the TV maker said the assets weren’t for sale.
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Sony Corp. directors are discussing whether to adopt billionaire Daniel Loeb’s proposal for an initial public offering of its entertainment business, a week after the TV maker said the assets weren’t for sale.
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Sony Corp., Japan’s biggest television maker, reported its first annual profit in five years after selling assets and benefiting from a weaker yen that boosted overseas revenue.
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Sony Corp. and Nintendo Co., Japan’s biggest makers of gaming devices, rose after China Daily said the world’s most-populous country may end a 12-year ban on the sale of video-game consoles.
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In 2010, Masayoshi Son, the billionaire founder of Softbank Corp., laid out a plan for the next 300 years. For a start, he would invest in 5,000 companies by 2040, giving his unborn successors a base to build on.
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Fujitsu Ltd., Japan’s biggest provider of computer services, plans to increase sales at the business to make up for declining hardware demand.
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DeNA Co., Japan’s biggest social- gaming operator, rose the most in more than two years in Tokyo trading after saying it will spend as much as 20 billion yen ($254 million) buying back up to 10 percent of its stock.
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Mazda Motor Corp., Japan’s least profitable major carmaker, fell to a two-week low in Tokyo trading after the company said it may raise a record 162.8 billion yen ($2 billion) selling new stock.
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Sony Corp. President Kazuo Hirai is relying on selling real estate to make the company’s first profit in five years as he struggles to find products able to compete with Apple Inc. and Samsung Electronics Co. devices.
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Halloween of 2011 was so disturbing for Toyota Motor Corp. President Akio Toyoda that he warned Japanese carmakers might collapse. The yen hit a postwar high, crippling their ability to recover from natural disasters and compete against Hyundai Motor Co.
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