Japanese electronics makers
It is extremely rare for the top executive of a large, well-known company to publicly admit his organization is a loser.
Panasonic Corp. has said it will likely report a gargantuan loss of more than $9.3 billion for the second year in a row.
In a recent news conference, Panasonic President Kazuhiro Tsuga said his company is not operating in “normal” conditions.
“We need to start by recognizing this,” he said.
Sharp Corp., another troubled Japanese electronics maker, has sharply raised its projected annual loss for the year through March 2013 to 450 billion yen. Sony Corp. is also struggling to bring its core consumer electronics business back into the Login to read more