Funai latest news 2017
Here are some of the latest news about Funai Electric Co., Ltd. in 2017:
- Funai Electric Reports Financial Results for Fiscal Year 2017: In May 2017, Funai Electric announced its financial results for the fiscal year ended March 31, 2017. 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 market. (Source: Nikkei Asian Review)
- Funai Electric to Reduce Workforce by 10%: In June 2017, Funai Electric announced plans to reduce its workforce by 10% due to declining demand for its products and the need to streamline its operations. The company aimed to reduce its workforce by around 1,000 employees. (Source: Japan Times)
- Funai Electric Partners with Chinese Company to Produce TVs: In July 2017, Funai Electric announced a partnership with Chinese company, Hisense Electric, to produce TVs in China. The partnership aimed to increase Funai Electric's market share in China and reduce its production costs. (Source: Reuters)
- Funai Electric to Focus on High-End TV Production: In August 2017, 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 profit margins. (Source: The Japan News)
- Funai Electric Reports Improved Financial Results for Q3 2017: In November 2017, Funai Electric reported improved financial results for the third quarter of 2017, with a net income of ¥2.3 billion (approximately $21 million USD). The company attributed the improvement to increased sales of high-end TVs and cost-cutting measures. (Source: Bloomberg)
These are just a few of the latest news about Funai Electric Co., Ltd. in 2017. If you're looking for more information, please let me know!