Funai latest news 2018
Here are some of the latest news about Funai Electric Co., Ltd. in 2018:
- Funai Electric Reports Financial Results for Fiscal Year 2018: In May 2018, Funai Electric announced its financial results for the fiscal year ended March 31, 2018. The company reported a net loss of ¥13.4 billion (approximately $122 million USD) due to declining demand for its products and increased competition in the market. (Source: Nikkei Asian Review)
- Funai Electric to Focus on Smart Home Appliances: In June 2018, Funai Electric announced its plans to focus on developing smart home appliances, including smart TVs, air conditioners, and refrigerators. The company aims to capitalize on the growing demand for smart home devices. (Source: The Japan Times)
- Funai Electric Partners with Chinese Company to Develop Electric Vehicles: In July 2018, Funai Electric announced a partnership with Chinese company, BYD Co., Ltd., to develop electric vehicles. The partnership aims to develop electric vehicles for the Japanese market. (Source: Reuters)
- Funai Electric to Close Plants in Japan and China: In August 2018, Funai Electric announced plans to close two plants in Japan and one plant in China due to declining demand and increased competition. The closures are expected to result in the loss of around 1,000 jobs. (Source: Bloomberg)
- Funai Electric Reports Net Loss for First Half of Fiscal Year 2019: In November 2018, Funai Electric announced its financial results for the first half of fiscal year 2019. The company reported a net loss of ¥8.4 billion (approximately $76 million USD) due to declining demand and increased competition. (Source: Nikkei Asian Review)
These are just a few of the latest news about Funai Electric Co., Ltd. in 2018. The company has been facing significant challenges in recent years, including declining demand and increased competition, which have impacted its financial performance.