Funai latest news 2016

Here are some of the latest news about Funai Electric Co., Ltd. in 2016:

  1. Funai Electric Reports Financial Results for Fiscal Year 2016: In February 2016, Funai Electric announced its financial results for the fiscal year ended December 31, 2015. The company reported a net loss of ¥13.4 billion (approximately $120 million USD) due to declining demand for its products and increased competition in the global market. (Source: Nikkei Asian Review)
  2. Funai Electric to Cut 1,000 Jobs in Japan: In March 2016, Funai Electric announced plans to cut approximately 1,000 jobs in Japan as part of its efforts to reduce costs and improve efficiency. The company cited declining demand for its products and increased competition in the global market as the reasons for the job cuts. (Source: Reuters)
  3. Funai Electric Partners with Chinese Company to Produce TVs: In April 2016, Funai Electric announced a partnership with Chinese company, Hisense Electric Co., Ltd., to produce TVs in China. The partnership aimed to increase Funai Electric's market share in China and reduce its dependence on Japanese production. (Source: Japan Times)
  4. Funai Electric Reports First-Half Financial Results: In August 2016, Funai Electric announced its financial results for the first half of fiscal year 2016. The company reported a net loss of ¥8.4 billion (approximately $75 million USD) due to declining demand for its products and increased competition in the global market. (Source: Nikkei Asian Review)
  5. Funai Electric to Focus on High-End TV Production: In October 2016, Funai Electric announced plans to focus on producing high-end TVs, such as 4K and 8K TVs, to differentiate itself from competitors and increase its market share. The company also planned to reduce its production of low-end TVs. (Source: Japan Today)

These are some of the latest news about Funai Electric Co., Ltd. in 2016. The company faced significant challenges in the year, including declining demand for its products and increased competition in the global market. However, it also made efforts to adapt to the changing market conditions and focus on producing high-end TVs to increase its market share.