Word: kyocera
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...half of its 110 group firms, and slashing unprofitable international and domestic routes. JAL's shares - which hit an all-time low of 3 yen Tuesday afternoon from a high of 213 last March - will also be delisted from the Tokyo Stock Exchange. Kazuo Inamori, founder of technology company Kyocera, is expected to take over from JAL's president Haruka Nishimatsu, who resigned on Tuesday...
...translate into only a 2.2% boost in revenue, to $33.3 billion, after which industry sales will drop 2.6% to $32.5 billion in 2007. The strain of a shrinking market has already forced at least three notable vendors out - Konica Minolta exited last spring, selling patents and assets to Sony. Kyocera shuttered its camera business in 2005, two decades after entering the photography market by buying Japan's venerable Yashica Camera Co. and its Contax brand. And Toshiba all but stepped away in 2004. How, then, are other digital-camera vendors going to eke out a living...
...Because Japanese electronics giants Sharp, Hitachi and Kyocera dominate the relatively small global market for solar cells ($6.5 billion in 2004), you'd expect that sales growth for smaller players might be hard to achieve. But industry executives say their prospects are bright, because of an opportunity that is opening up in the U.S. In January, the California legislature passed a law that earmarks $3 billion to subsidize solar-panel purchases by homeowners over the next 10 years. The goal is to add 3,000 megawatts of solar energy to the state's power grid, which is more than...
...heading toward $70 a barrel, the age of the solar panel is dawning at last, and electronics companies from the land of the rising sun are leading the way. Decades of money-losing research and development are finally paying off at Japanese electronics giants like Sharp, Sanyo, Mitsubishi and Kyocera, who together control about 50% of the global market. "The solar units of these companies are already real businesses, and they are only going to become larger parts of their operations," says Yuki Sugi, a Lehman Bros. analyst in Tokyo who covers Sharp and Sanyo...
Sharp, the world's market leader, sold more than $1 billion worth of solar panels last year and expects a 28% increase this year. Sanyo expects a 60% sales increase this year, and at Kyocera, solar panels account for 5% of the company's total sales and 12% of its operating profit. "Solar is a booming business," says Sharp president Katsuhiko Machida, "and it is one of our core targets for growth...