Sony posted a $1.4 billion annual profit Thursday, boosted by strong sales of its PlayStation console, but analysts warned that slowing smartphone demand could hit a lucrative business that makes key parts for mobile devices.
Japanese video-game maker Nintendo Co. reported a 24 billion yen ($216 million) loss for January-March Wednesday, bigger than the loss it reported the previous year.
The Taiwanese company that assembles Apple's iPhones agreed Wednesday to buy control of financially struggling Sharp Corp. for $3.5 billion in the first takeover of a major Japanese electronics producer by a foreign company.
Troubled Japanese electronics maker Sharp plans to decide within a month between investment offers from Taiwanese company Hon Hai, also known as Foxconn, or a consortium of Japanese investors.
Nintendo said Tuesday its operating profit soared, as it pointed to strong demand for Wii U console games including shoot-em-up hit "Splatoon", but holiday sales fell and the positive impact of a weak yen hit its bottom line.
Toshiba plans to cut 7,800 jobs, mostly in its consumer-electronics business, as it reorganizes in the face of projected record losses for the current fiscal year.
Toyota's quarterly profit rose 13.5 percent to 611.7 billion yen ($5.0 billion) and the automaker kept its annual earnings forecast unchanged despite trimming its expectations for vehicle sales.
Nintendo Co. posted a 3.17 billion yen ($26.3 million) profit for the fiscal second quarter, buoyed by sales growth of portable video game machines and software titles.
Toshiba on Monday reported a first-quarter loss of $102 million after sales fell to a two-and-half-year low, in a fresh blow to the Japanese conglomerate after a huge accounting scandal.
Japan's NEC said Thursday it remained stuck in the red during its fiscal first quarter largely owing to weakness in its telecom division, but was still on track for a full-year profit.