Sony, Hitachi, and Toshiba Agree to "Japan Display" Joint Venture
November 15, 2011 12:18 PM
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New company will start in spring 2012
Many of the companies in the LCD panel manufacturing realm are looking for ways to help them improve the bottom line, including selling out and restructuring. Sony announced that it was
breaking off its struggling TV arm a few weeks ago
Sony's Ayano Iguchi said when the break up was announced, "By dividing into three divisions, we will make clearer the mission and responsibilities of these."
Hitachi, Sony, and Toshiba have all agreed to the integration of their small and medium size LCD panel businesses in conjunction with the Innovation Network Corporation of Japan (INCJ). The merged businesses will be known as Japan Display. Sony, Hitachi, and Toshiba will each retain about 10% of the merged venture and INCJ will hold a much larger portion.
The new company will be partly public.
INCJ will invest 200 billion yen into Japan Display in exchange for newly issued shared in the company. The new entity is expected to start operating in the spring of 2012.
Panasonic has also announced in a separate deal that it has agreed to sell a LCD panel factory to Japan Display. The factory sale will be complete in April 2012.
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11/16/2011 1:31:54 AM
Sony's problem is they are old hat.
Here is how it works if you are not old enough to know. A country outsources to another country IE USA outsources to Japan. That country eventually has everything it needs to make its own companies and says screw off to the original company. They start to make cheap products and make tons of money off of them. Then they start making better products hoping to get better profits and climb up the ladder. Eventually they become sony or toyota and are known to make the best products. All the while their own economy grows and becomes expensive so they start outsourcing and they(Japan) did this with Tiawan and Korea. The problem is Japan does not understand they are no old hat like the USA. They have an old population that is too expensive and not innovative. Now we are seeing companies like Samsung and other Korean and Tiawan based companies start to take over the top of the game. Samsung phones, TVs, are amount the best and most purchased.
So what does all this mean? Means what is happening in Japan cannot be solved by making some silly co-op. The best value for the shareholders would be to sell the entire company before it continues to lose value. USA based companies have mostly figured this out. Why have the Japanese missed it? Watch China they are on the way up. But for a bit here we will see Hyundia/KIA explode onto the scene and samsung already sells the most phones world wide. But their time is coming and the Chinese companies will be the ones to put them in their place.
Cool thing about the USA is we no longer care who we outsource too, we have nothing left anyway.
"Let's face it, we're not changing the world. We're building a product that helps people buy more crap - and watch porn." -- Seagate CEO Bill Watkins
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