Japan’s battered electronics giants are in a race against time, analysts say, as losses that threaten their very survival mount and as overseas rivals look like they are running away with the show.
The latest earnings season has been ugly for the likes of Panasonic and Sharp, which say they will post an eye-watering combined annual loss of more than US$15 billion, underlining fears about the sector’s future.
Money-losing Sony offered a glimmer of hope by saying it was still on course to eke out an annual profit, after four years in the red.
via Business feed http://www.scmp.com/business/companies/article/1075012/japans-electronics-sector-race-against-time
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