In what is surely a demonstration of a conclusive shift in its business strategy – not to mention a bit of heavy symbolism in hometown Osaka, Japan – Panasonic Corp. has announced its intentions to close, demolish and sell off the real estate of its existing AV headquarters building that served as the home of its TV and AV business since the 1970s. The center of the universe for tech-heavy Panasonic, many in Japan look to this development as a sign of the end of an era as this 160,000-sq.-meter (1.7 million-sq.-ft.) building was where the company’s TV business and digital electronics businesses were created and managed.
Asian Connection
Sharp Says They’ll Be First to Market with 8K TVs – Plans 2015 Start
Sharp Corporation has announced in Japan that it intends to be the first company in the world to bring 8K LCD TVs to market – and says it will begin making them in 2015. Sharp made the comments at CEATEC, a major trade show for the IT and CE industries taking place right now in Japan.
Are you ready for 8K?… [Read more…] about Sharp Says They’ll Be First to Market with 8K TVs – Plans 2015 Start
Funai Files $400 Million Claim Against Philips; But Management Infighting Engulfs Funai in Flames
In an unusually breathless and overstimulated report out of Japan, we learn that Funai Electric Co., Ltd. – a large, global OEM manufacturing company of mostly AV gear – has filed a $400 million damage claim in their battle with Philips over the loss of a deal with the European giant for its Woox audio business. Not only that, but the report from the Nikkei also revealed that – at the same time – Funai’s President and CEO of less than 9-months has abruptly resigned in a dispute with upper management on the future direction of the company.
See more on this news out of Japan that sounds more like a reality TV show than a business… [Read more…] about Funai Files $400 Million Claim Against Philips; But Management Infighting Engulfs Funai in Flames
Sharp to Close European Operations; Licenses Brand to UMC of Slovakia
3,000 Sharp European Employees to be Cut
Sharp Corp. said late last week that it has reached an agreement with Universal Media Corp. of Slovakia to license its brand and market Sharp branded products in Europe. As part of this strategy, Sharp will either sell or close its factory in Poland, cutting approximately 3,000 employees in total between their company-owned factory and European operations.
See more on this development, as Sharp pursues a new business strategy…. [Read more…] about Sharp to Close European Operations; Licenses Brand to UMC of Slovakia
Pioneer Says Merger Talks with Onkyo Continue; But Equity Partner Appears Sidelined
Pioneer Corporation released an interesting document on September 12th – while much of the tech media was in Denver for CEDIA – titled Notice with Respect to Basic Agreement for the Integration of Pioneer’s Home AV Business and Onkyo. This curious document, six pages long, gives an update as to the state of the discussions between the parties in the previously announced “basic agreement” between Pioneer, Onkyo, and Baring Private Equity Asia for a “Capital/Business Alliance” related to Pioneer’s Home AV business.
Now, apparently, the deal’s changed…with Baring PE pushed to the sidelines… [Read more…] about Pioneer Says Merger Talks with Onkyo Continue; But Equity Partner Appears Sidelined
Pioneer Fire Sale Continues – Dumps DJ Biz to KKR
Pioneer surprised everyone back in June of this year when word came that it had decided to sell its AV business to Onkyo Corp. and a private equity company. But actually, the gears for this and other deals were set in motion last year when the company launched a new strategic plan to focus on their core business – car electronics, their largest and most profitable division.
Now we learn the company has sold off its once burgeoning DJ business to KKR. See more… [Read more…] about Pioneer Fire Sale Continues – Dumps DJ Biz to KKR
Panasonic Gives a New Meaning to ‘Wearable’
DEVICE COULD HAVE APPLICATIONS FOR INSTALLERS
Panasonic Corp. announced last week that it is launching a new product that it believes will capture major market share in the market for what they call a “wearable assist robot.” Starting in 2015, the company will field this “wearable” that – for lack of a better description – is like a lightweight, backpack-style partial exoskeleton.
See this new product with potential applications for any job requiring heavy lifting… [Read more…] about Panasonic Gives a New Meaning to ‘Wearable’
Another OLED Breakthrough? Japanese Consortium Forms to Test New OLED Production Method
A Who’s Who collection of significant panel and display manufacturers in Japan says they will collectively invest ¥20 billion ($193 million) into a test production line for OLED panels using a new manufacturing process that promises to move the industry closer to mass production of what many feel is the next-generation video technology. If all goes well, the consortium will be mass-producing large quantities of relatively inexpensive OLED panels by 2018.
Learn more about this significant effort to push OLED technology forward… [Read more…] about Another OLED Breakthrough? Japanese Consortium Forms to Test New OLED Production Method
Needing Cash, Sharp Will Sell Land Under Major Factory
Sharp Corp. is said to be in the process of selling the land under one of its major factories in Osaka, Japan, in a bid to raise cash. The transaction, reported by the Nikkei, is said to be happening as early as the current fiscal year.
But that’s not all the company is selling… [Read more…] about Needing Cash, Sharp Will Sell Land Under Major Factory
Good News: Sharp is Forecast to Lose 2 Billion Yen in Fiscal 1st Quarter
Report Says Sharp Plans to Withdraw from Consumer Electronics & Solar Businesses in Europe
In a new report out of Japan, the Nikkei is forecasting that Sharp Corp. will book a net loss of around ¥2 billion ($19.6 million) for their fiscal first quarter (April – June) this year. The report further says that the company plans to exit both the consumer electronics and solar panel businesses in Europe in order to refocus their efforts on other markets.
