Yamaha Corp., likely heaving a sigh of relief, announced their financial results for the 9-month period through the fiscal third quarter (April 1, 2013 – December 31, 2013) with almost all good news. Showing significant sales and profit gains, the musical instrument and electronics manufacturer benefited from positive currency exchange rates…and lower overhead due to previous cost-cutting efforts.
Manufacturers
The DaVinci Group Promotes Jeff Francisco to President as Part of Sales Team Expansion
The DaVinci Group, Inc., a young but rapidly growing manufacturer of custom integration products, announced today at the 2014 ISE show that Jeff Francisco has been named President of the company. Francisco has been the company’s Vice President of Sales for most of the last year.
According to the company, this announcement is part of an overall expansion of its executive team, as the company seeks to build up its infrastructure to better address its rapid growth.
Learn more about this appointment…and why the company needed to take this step now… [Read more…] about The DaVinci Group Promotes Jeff Francisco to President as Part of Sales Team Expansion
Sony, Finally Making Its Move, Puts the Computer Biz Up for Sale; TV Biz is Next Target for Shake-Up
The Nikkei reported this week that Sony Corp. has finally taken a bold step to reorganize its business by putting its VAIO computer division up for sale. According to the report, the company is in negotiation to offload the division to Japan Industrial Partners (JIP), a Japanese investment company.
See why this move makes sense…and why their TV division is the next target for a shake-up… [Read more…] about Sony, Finally Making Its Move, Puts the Computer Biz Up for Sale; TV Biz is Next Target for Shake-Up
With Huge Increase in Fiscal YTD Net Loss – JVC Kenwood Moves to Cut Staff & Buy a Company
JVC Kenwood Corporation released their year-to-date results for the first nine months (April 1, 2013 – December 31, 2013) of the current fiscal year at the end of last week. The results clearly portrayed a company in a struggle to turn their flagging business around. Although 9-month sales showed a 2.6% increase to ¥230.3 billion ($2.3 billion), up from ¥224.5 billion ($2.2 billion) last year…the company also booked a net loss that also increased more than four-fold – from ¥1.4 billion ($13.8 million) last year to ¥5.7 billion ($55.7 million) now.
See more on both JVC Kenwood’s results…and their moves to rectify the situation… [Read more…] about With Huge Increase in Fiscal YTD Net Loss – JVC Kenwood Moves to Cut Staff & Buy a Company
Taiwan’s Foxconn Looks to Build Factories in the U.S. – Six States Compete for Selection
Foxconn Technology Group, a Taiwanese company with manufacturing plants in China, and the world’s largest manufacturer of electronics – is looking to build one or more factories here in the U.S. The company, mostly known as the primary manufacturer of Apple’s popular iPhone, is in negotiations with Arizona and Colorado, according to a report by Bloomberg. But four other states have thrown their hats into the ring as well.
See more on this turn of events, a Taiwanese company building factories in the U.S…. [Read more…] about Taiwan’s Foxconn Looks to Build Factories in the U.S. – Six States Compete for Selection
Social Media’s Buzzing about Savant Systems’ New CEO
Savant Systems, LLC announced on Tuesday that it has hired William J. Lynch as its new CEO. Who is Lynch, you ask? He is the ex-Barnes & Noble CEO who left there in the middle of last year. The Savant announcement surprised many as, on paper, Lynch looks like an unlikely candidate for the role.
Since the announcement, social media has buzzed about this appointment. See more… [Read more…] about Social Media’s Buzzing about Savant Systems’ New CEO
It’s Official, Moody’s Says Sony is ‘Junk’
In a move that has been highly anticipated or, depending on your point of view, highly dreaded, Moody’s Investors Service cut its credit rating on Sony Corp. by one notch, dropping it below investment grade – taking it to “junk” status, in industry parlance. The downgrade was made on Monday and it is significant in that it symbolizes the continuing struggles of the company as it to tries to improve its fortunes – so far with mixed results.
See more on this huge announcement sure to be the bane of Sony management… [Read more…] about It’s Official, Moody’s Says Sony is ‘Junk’
After a Short Pause, Another D+M Group Executive Leaves the Company
BREAKING NEWS
Petro Shimonishi, once Senior Global Business Team Leader of Headphones & Accessories for D+M Group, announced on Facebook today that she has left the company for a new role with a new company. The announcement clearly surprised many of her friends and colleagues, as was evidenced by their almost universal shocked reaction.
See more on this key executive departure from D&M… [Read more…] about After a Short Pause, Another D+M Group Executive Leaves the Company
Sharp Ends Production of Solar Panels at Tennessee Factory – 300 to Lose Their Jobs
Sharp Corporation announced that it has decided to end production of solar panels at its factory in Memphis, Tennessee, the Nikkei reported today. As a result, 300 jobs will be eliminated at the facility.
See more on this unexpected announcement from Sharp… [Read more…] about Sharp Ends Production of Solar Panels at Tennessee Factory – 300 to Lose Their Jobs
JVC Kenwood Launches 1st Initiative in New, More Commercial Business Strategy
Just one day after we reported that JVC Kenwood was turning away from the Consumer Electronics business and choosing to instead pursue more commercial enterprises – the company announces its first major partnership in this new operating model. The company has partnered with Europe’s Airbus Defence and Space in a major new initiative to develop a public safety wireless broadband technology for the North American and European markets.
