Toshiba Corp.'s chairman resigned Tuesday after the company logged such massive losses in its nuclear business that it must sell its lucrative computer-chip business to avoid going belly-up.
Japanese video game maker Nintendo Co.'s third-quarter profit more than doubled from a year earlier on healthy sales of Pokemon game software, the company said Tuesday.
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.