Sony revision spurs credibility crisis for Hirai
Kazuo Hirai, who took the helm at Sony Corp. two years ago to revive the Japanese icon, is losing credibility with investors who think he's not up to the job. The chief executive officer pledged when he came in to turn around Sony's ailing consumer ...
Sony sees ¥110 billion loss, to cut 5,000 jobs
Sony Corp. reverses its forecast for the full year from a ¥30 billion net profit to a ¥110 billion loss and says its electronics division will likely spend another year in the red.
Sony Corp. is in talks to sell its Japanese personal computer business to buyout firm Japan Industrial Partners Inc., according to a source with knowledge of the situation. A memorandum of understanding for a sale, which will include the Vaio brand, could be released soon, ...
Venture capitalist eyes new $300 million fund
Gen Isayama grew up in Tokyo and then spent a decade working in the venture-capital business in Northern California. Now he's starting a $300 million fund aimed at blending the best of Silicon Valley and Japan. The 40-year-old Isayama is chief executive officer of WiL ...
Sony Corp. said Thursday it will establish a company in Tokyo in late February that will conduct human genome analysis, part of the electronics giant's efforts to bolster medical operations. The new company, named P5 Inc., will analyze human genetic data and provide the information ...
Sony expected to lower profit outlook again
Nintendo Co. shocked investors last week by lowering its profit forecast for the year. Analysts are concerned Sony Corp. could be next. At least nine analysts cut their profit estimates for Sony over the past two months after slow holiday sales of televisions, personal computers ...
Sony Corp. will start distributing games for the PlayStation 4 via cloud computing technology this year, President Kazuo Hirai said Tuesday, revealing the electronics company's focus on the entertainment business. In his speech on the opening day of the 2014 International Consumer Electronics Show (CES) ...
Sony Corp. has agreed to sell its Gracenote audio-recognition software business to Tribune Co. for $170 million, part of its effort to shed units as it focuses on fewer products. Tribune will combine Gracenote with its media services division, which provides digital data on TV ...
Sony Corp., looking to shed units to focus on fewer products, hired Frank Quattrone's Qatalyst Partners to explore a sale of its Gracenote audio-recognition software business, two sources said. The unit, which is seeking to be an independent company and is talking with private-equity firms, ...
Japanese makers play catch-up in smartphone market
In 2013, Japan's smartphone industry faced the shocking news that NEC Corp. and Panasonic Corp. were withdrawing from making those handsets for consumers. It wasn't that long ago when these two makers held stable positions in the cellphone market, but the situation changed completely after ...
Nintendo seen missing target as Sony, Microsoft dwarf Wii U
Nintendo Co.'s prospects for meeting its profit and sales forecasts for the year are diminishing after Sony Corp. and Microsoft Corp. each sold more game consoles in 24 hours than the Wii U maker did in nine months. Nintendo's family-focused content is losing its appeal ...
Sony Corp. is seeking a U.S. patent for "SmartWig" hairpieces that could help navigate roads, check blood pressure or flip through slides in a presentation. The wig would communicate wirelessly with another device and include tactile feedback, Sony said in the filing with the U.S. ...
