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Sony Corporation – Restructuring Continues, Problems Remain
BSTR/361 IBS Center for Management Research Sony Corporation – Restructuring Continues, Problems Remain This case was written by Indu P, under the direction of Vivek Gupta, IBS Center for Management Research. It was compiled from published sources, and is intended to be used as a basis for class discussion rather than to illustrate either effective or ineffective handling of a management situation. 2010, IBS Center for Management Research. All rights reserved. To order copies, call +91-08417-236667/68 or write to IBS Center for Management Research (ICMR), IFHE Campus, Donthanapally, Sankarapally Road, Hyderabad 501 504, Andhra Pradesh, India or email: [email protected] www.icmrindia.org BSTR/361 Sony Corporation – Restructuring Continues, Problems Remain “Seven out of eight years, Sony has failed to meet its own initial operating profit forecast. This is probably the worst track record amongst most major exporters. That means that either management is not able to anticipate challenges … or they fail on execution almost every time. Either way, it does not reflect well on Sony’s management.”1 - Atul Goyal, Analyst, CLSA2, in January 2009. SONY IN CRISIS, AGAIN In May 2009, Japan-based multinational conglomerate, Sony Corporation (Sony) announced that it posted its first full year operating loss since 1995, and only its second since 1958, for the fiscal year ending March 2009. Sony announced annual loss of ¥ 98.9 billion3, with annual sales going down by 12.9% to ¥ 7.73 trillion. Sony also warned that with consumers worldwide cutting back on spending in light of the recession, the losses could be to the extent of ¥ 120 billion for the year ending March 2010 (Refer to Exhibit IA for Sony‘s five year financial summary and Exhibit IB for operating loss by business segment). -
210419 Testimony of Tareq Amin FINAL
Testimony of Tareq Amin Representative Director, Executive Vice President and CTO of Rakuten Mobile Hearing on “Leading the Wireless Future: Securing American Network Technology” U.S. House of Representatives Committee on Energy and Commerce, Subcommittee on Communications and Technology April 21, 2021 Good morning, Chairmen Pallone and Doyle, Ranking Members McMorris Rodgers and Latta, and Members of the Subcommittee. Thank you for the opportunity to testify today on this important topic. I am Tareq Amin, Representative Director, Executive Vice President and CTO of Rakuten Mobile. To start, let me say Rakuten doesn’t think of itself as a mobile operator. We are a technology company, with both Japanese and American DNA, committed to bringing the best of what the technology sector offers to advance the agility, security, and affordability of the wireless networks and services. In fact, Rakuten Mobile is its own first customer. Running on our open cloud-based Rakuten Communications Platform (or RCP), our mobile network in Japan proves that cloud-based wireless networks are no longer a vision that merits discussion. They are not just a proof of concept, they are a reality. We are driving a more diverse supply chain, with continuing innovation across multiple technologies, and providing significant consumer benefit. And, the majority of our network components come from U.S. suppliers. In today’s testimony I want to help you see through my eyes and those of our employees, executives, and customers how we decided to revolutionize mobile and wireless networks and the advantages of such an architecture for American networks. Almost seven years ago, I had an opportunity to visit the data centers of one of America’s top Internet platforms and I was shocked to see how they engineered, how they built, and how they architected their systems. -
A Tale of Regulation in the European Union and Japan: Does Characterizing the Business of Stored-Value Cards As a Financial Activity Impact Its Development?
View metadata, citation and similar papers at core.ac.uk brought to you by CORE provided by UW Law Digital Commons (University of Washington) Washington International Law Journal Volume 18 Number 3 8-1-2009 A Tale of Regulation in the European Union and Japan: Does Characterizing the Business of Stored-Value Cards as a Financial Activity Impact Its Development? Jean J. Luyat Follow this and additional works at: https://digitalcommons.law.uw.edu/wilj Part of the Banking and Finance Law Commons, and the Comparative and Foreign Law Commons Recommended Citation Jean J. Luyat, Comment, A Tale of Regulation in the European Union and Japan: Does Characterizing the Business of Stored-Value Cards as a Financial Activity Impact Its Development?, 18 Pac. Rim L & Pol'y J. 525 (2009). Available at: https://digitalcommons.law.uw.edu/wilj/vol18/iss3/4 This Comment is brought to you for free and open access by the Law Reviews and Journals at UW Law Digital Commons. It has been accepted for inclusion in Washington International Law Journal by an authorized editor of UW Law Digital Commons. For more information, please contact [email protected]. Copyright © 2009 Pacific Rim Law & Policy Journal Association A TALE OF REGULATION IN THE EUROPEAN UNION AND JAPAN: DOES CHARACTERIZING THE BUSINESS OF STORED-VALUE CARDS AS A FINANCIAL ACTIVITY IMPACT ITS DEVELOPMENT? † Jean J. Luyat Abstract: The use of stored-value cards is growing rapidly in urban areas in Japan and gaining acceptance as a major means of payment. While institutional and cultural factors as well as business strategies go far in explaining the rapid growth of stored-value cards in Japan, regulation has also played an important role in enabling their use. -
Credit Services for the Osaifu-Keitai Mobile Payment System on Open OS Terminals
Smartphones Contactless IC Cards Credit Cards Credit Services for the Osaifu-Keitai Mobile Payment System on Open OS Terminals †0 Smartphones have grown in popularity and their OSs have Credit Card Business Division Nobuyuki Miura been published as open-source. Although open-source soft - Jin Hoshino†0 †0 ware is useful, it is at risk of being attacked based on the dis - Services Platform Department Jin-ichi Hirose covery of vulnerabilities by techniques such as reverse engi - Takashi Fukuzono†† neering. To run credit services based on our Osaifu-Keitai mobile payment system on an open-source OS terminal, a different architecture from that of conventional feature phones must be used. We have therefore developed a credit service for open OS terminals that mitigates the impact asso - ciating with revisions of existing systems while maintaining the security level achieved by feature phones. secure on terminals with this sort of 2. Architecture of Feature 1. Introduction open-source OS than on conventional Phones and Open OS Smartphones have grown in popu- feature phones (conventional i-mode Terminals larity and some of them now use OSs terminals in this case). Also, when The most important function for the that have been published as open- adapting an existing system built for implementation of credit services in source*1. Although the publication of an feature phones so that it can run on this Osaifu-Keitai is the function for secure- OS as open source software helps it to sort of new architecture, it is essential to ly writing credit card information to the become more mature and more widely consider how to mitigate the impact of contactless IC chip *3 (FeliCa®*4 chip) in used and encourages the development system revisions and reduce the costs Osaifu-Keitai. -
Factset-Top Ten-0521.Xlsm
Pax International Sustainable Economy Fund USD 7/31/2021 Port. Ending Market Value Portfolio Weight ASML Holding NV 34,391,879.94 4.3 Roche Holding Ltd 28,162,840.25 3.5 Novo Nordisk A/S Class B 17,719,993.74 2.2 SAP SE 17,154,858.23 2.1 AstraZeneca PLC 15,759,939.73 2.0 Unilever PLC 13,234,315.16 1.7 Commonwealth Bank of Australia 13,046,820.57 1.6 L'Oreal SA 10,415,009.32 1.3 Schneider Electric SE 10,269,506.68 1.3 GlaxoSmithKline plc 9,942,271.59 1.2 Allianz SE 9,890,811.85 1.2 Hong Kong Exchanges & Clearing Ltd. 9,477,680.83 1.2 Lonza Group AG 9,369,993.95 1.2 RELX PLC 9,269,729.12 1.2 BNP Paribas SA Class A 8,824,299.39 1.1 Takeda Pharmaceutical Co. Ltd. 8,557,780.88 1.1 Air Liquide SA 8,445,618.28 1.1 KDDI Corporation 7,560,223.63 0.9 Recruit Holdings Co., Ltd. 7,424,282.72 0.9 HOYA CORPORATION 7,295,471.27 0.9 ABB Ltd. 7,293,350.84 0.9 BASF SE 7,257,816.71 0.9 Tokyo Electron Ltd. 7,049,583.59 0.9 Munich Reinsurance Company 7,019,776.96 0.9 ASSA ABLOY AB Class B 6,982,707.69 0.9 Vestas Wind Systems A/S 6,965,518.08 0.9 Merck KGaA 6,868,081.50 0.9 Iberdrola SA 6,581,084.07 0.8 Compagnie Generale des Etablissements Michelin SCA 6,555,056.14 0.8 Straumann Holding AG 6,480,282.66 0.8 Atlas Copco AB Class B 6,194,910.19 0.8 Deutsche Boerse AG 6,186,305.10 0.8 UPM-Kymmene Oyj 5,956,283.07 0.7 Deutsche Post AG 5,851,177.11 0.7 Enel SpA 5,808,234.13 0.7 AXA SA 5,790,969.55 0.7 Nintendo Co., Ltd. -
Japanese E-Commerce Contract Software & Comp Services
Boku New contract Japanese e-commerce contract Software & Comp Services 26 September 2018 Boku has widened its reach in the domestic Japanese market through a new agreement to provide direct carrier billing (DCB) services to a Rakuten Price 172.0p e-commerce business. The contract is significant in that it demonstrates Market cap £369m Boku’s ability to support physical as well as digital goods, as well as for its potential to be expanded to support additional Rakuten services. Net cash ($m) at end H118 28.4 Shares in issue 214.2m Revenue EBITDA* EPS* DPS P/E EV/EBITDA Year end ($m) ($m) ($) ($) (x) (x) Free float 45.4% 12/17 24.4 (2.3) (0.03) 0.0 N/A N/A Code BOKU 12/18e 34.8 5.4 0.01 0.0 207.4 85.4 12/19e 42.0 11.6 0.03 0.0 68.9 39.8 Primary exchange AIM 12/20e 49.9 19.1 0.06 0.0 37.4 24.2 Secondary exchange N/A Note: *EBITDA and EPS (diluted) are normalised, excluding amortisation of acquired intangibles, exceptional items and share-based payments. Share price performance Boku has signed an initial deal to provide direct carrier billing for Rakuten Collection, an e-commerce site focused on limited edition, collectibles trading in Japan, and a division of Rakuten Group (Tokyo listed, market cap ¥1.2tn/£8.3bn). This represents Boku’s first major agreement for physical e-commerce in Japan. We note that the Rakuten Group operates more than 70 services, including an e- commerce shopping mall (Rakuten Ichiba), streaming video (Rakuten TV) and e- books (Rakuten Kobo). -
Technology, Media & Telecommunications Predictions 2015
Technology, Media & Telecommunications Predictions 2015 Southeast Asia Edition Contents Foreword 3 Technology 5 The Internet of Things really is things, not people 6 Drones: high-profile and niche 10 3D printing is a revolution: just not the revolution you think 14 Click and collect booms in Europe 17 Smartphone batteries: better but no breakthrough 20 Nanosats take off, but they don’t take over 25 The re-enterprization of IT 28 Media 33 Short form video: a future, but not the future, of television 34 The ‘generation that won’t spend’ is spending a lot on media content 37 Print is alive and well – at least for books 41 Telecommunications 44 One billion smartphone upgrades 45 The connectivity chasms deepen: the growing gap in broadband speeds 51 Contactless mobile payments (finally) gain momentum 56 Endnotes 60 Recent Deloitte thought leadership 76 Contacts at Deloitte Touche Tohmatsu Limited (DTTL) and its member firms 77 Foreword Welcome to the 2015 edition of Deloitte’s predictions for the technology, media and telecommunications (TMT) sectors. Our objective with this report is to analyze the key market developments over the next 12-18 months. Our points of view are built around hundreds of meetings with industry executives and commentators from around the world, as well as our proprietary programs of research with tens of thousands of consumers worldwide. Our endeavor is to provide a considered point of view on key industry trends. In some cases we seek to identify the drivers behind major inflection points and milestones, such as the first billion-unit year for the smartphone sector, or the take-off of contactless mobile payments. -
2014 Annual Report
For the year ended March 31, 2014 Annual Report 2014 FAITH IN THE POSSIBILITIES FAITH Annual Report 2014 East Japan Railway Company INTERCONNECTED Value Our Businesses AN OVERWHELMINGLY SOLID AND ADVANTAGEOUS RAILWAY NETWORK The railway business of the JR East Group covers the eastern half of PROPORTION OF TRANSPORT CARRIED BY DIFFERENT MEANS OF TRANSPORT IN Honshu island (Japan’s main island), which includes the Tokyo metropoli- ToKYO URBAN AREA tan area. We provide transportation services via our Shinkansen network, 23 4 25 2 13 34 which connects Tokyo with regional cities in five directions, as well as 1978 conventional lines in the Kanto area and other networks. Our networks 25 3 28 3 15 27 combine to cover 7,474.2 kilometers and serve 17 million people daily. 1988 We are the largest railway company in Japan and one of the largest in the world. 25 2 33 2 15 22 1998 The Tokyo metropolitan area, where we are based, has seen a dra- matic increase in railway convenience in recent years. Consequently the 30 3 29 2 14 22 share of railways in the transportation mix is rising even higher. In fiscal 2008 2015, JR East will spare no effort in preparing for the opening of the Hokuriku Shinkansen Line to Kanazawa and the Ueno–Tokyo Line. The 0 100 % Train Bus Car Motorcycle Bicycle Foot added convenience from the lines opening will then be leveraged to the • The 5th Tokyo urban area person trip survey, Tokyo urban area traffic plan meeting, Nov. 2009. hilt by JR East to maximize railway usage. -
UTAC Appointed As an Official Partner of Sony to Produce and Deliver Modules Embedded with Sony’S Felica IC
Media Release UTAC appointed as an official partner of Sony to produce and deliver modules embedded with Sony’s FeliCa IC Singapore, 19 December 2018 – UTAC Holdings Ltd (“UTAC”), a global semiconductor test and assembly services provider based in Singapore announced today that it was appointed as an official partner of Sony Imaging Products & Solutions Inc. (“Sony”) to manufacture FeliCa1 IC module products. After module verification on testing, Sony released an acknowledgement letter that UTAC was its official partner to produce module products embedding Sony’s RC-SA01 IC chip in accordance with the FeliCa and IC chip inspection guidelines set by FeliCa Business Division. The FeliCa module products embedding Sony’s RC-SA01 IC chip are essential parts in smart card applications such as transport ticketing and payment. Sony’s FeliCa modules are currently used in various applications globally, for instance, electronic / mobile payment and transport ticketing in Japan and Hong Kong, and transport ticketing in Indonesia. Dr John Nelson, President and Chief Executive Officer, UTAC said, “We provide our customers with a complete suite of high quality engineering services including package design, smart card module assembly and high-volume manufacturing. We are honoured to be officially Sony’s FeliCa IC Module Manufacturer and look forward to supporting its needs in the future.” -END- For media enquiries, please contact: Carol Chiang Senior Manager, Marketing E: [email protected] Tel: (65) 6714 2220 1 FeliCa is a contactless IC card technology developed by Sony Corporation. FeliCa system supports the entire life cycle of IC cards including application development, card issuance, personalisation, and daily operation. -
Impact of COVID-19 on Consumer Behaviour
Impact of COVID-19 on Consumer Behaviour April 2020 Our Proprietary Panels Japan (JP) China (CN) South Korea (KR) 2,200,000 3,204,500 640,000 Taiwan (TW) Hong Kong (HK) Singapore (SG) 120,000 52,000 80,000 Thailand (TH) Malaysia (MY) Indonesia (ID) 550,000 196,000 550,000 India (IN) Vietnam (VN) Philippines (PH) 650,000 300,000 315,000 • Markets: China, Hong Kong, India, Indonesia, Japan, South Korea, Malaysia, Philippines, Singapore, Taiwan, Survey Thailand, United States, Vietnam Methodology & Sample size: 1,000 respondents per market, 13,000 in total Notes • • Profile of respondents: 20+ y.o. respondents from Rakuten Insight proprietary panels, with good distribution on age, gender, region & occupation • Survey timing April 2020 Sources of information News on traditional forms of media, TV, radio Marked contrast between Japan & China when it comes to continues to be a highly trusted source of trusting experts & influencers on social media with trust information even in the digital age much higher in China & lower in Japan Korea relatively low trust in many sources of While people spend more time watching TV news or information with the most highly trusted reading news websites, the time spent on following source being TV news (71%) influencers or celebrities on social media is less than usual Consumers from around the world rely on These times of uncertainty & gravity appear to have led to information from TV news & government consumers to spend their time on more serious & reliable websites. A slight decrease can be observed in sources of information trusting the information on social media How much do you trust the following sources of information? International consumers rely on information from Government websites and TV news. -
Japan Corporate Credit Spotlight
Makiko Yoshimura Japan Corporate Director Corporate Ratings Credit Spotlight Katsuyuki Nakai Director October 22, 2020 Corporate Ratings Hiroki Shibata Senior Director Corporate Ratings Advertising; Electronics; IT Services; E-Commerce; Telecom And Investment Holding Companies This report does not constitute a rating action. Japan Corporate Credit Spotlight Sector Comments Pages 3 - 13 Advertising Electronics Appendix IT Services Pages 14 - 16 E-Commerce Telecom And Investment Holding Companies All graphics show data for companies studied. Sector Comments Pages 3 - 13 Advertising Outlook: Negative Gradual Recovery After Temporary COVID-19 Hit Trend And Changes – Advertising revenue, which is vulnerable to economic downturns, will contract more sharply than Japan's GDP during the COVID-19 pandemic. – Digital media will likely lead a recovery thanks to cost advantages and demand for marketing data. – Companies in this study are among domestic leaders in digital advertising and media. – Competitive differences among Japan-based and overseas advertisers will not change significantly as all face similar conditions. – Future creditworthiness of the companies studied largely hinges on their financial standings. Key Assumptions – Total advertising revenue in Japan in fiscal 2021 will not recover to fiscal 2019 levels, despite the contribution from internet advertising. – Profitability of the companies studied will not recover to pre-COVID-19 levels in the coming one to two years despite cost reductions. – COVID-19's degree of impact on the companies studied will differ according to their financial health before the crisis. 4 Advertising Risks And Key Credit Drivers: – A resurgence of COVID-19 further souring advertising clients' appetites. – Priorities for use of cash flow, such as growth investments and shareholder returns, under difficult conditions. -
International Standardization Further Expands Application Possibilities
Contactless IC Card Technology <FeliCa> International Standardization Further Expands Application Possibilities. Single-Card, Multi-Application FeliCa Technology Now Established as International Communication Standard Typical Uses of FeliCa Technology Commuter Tickets ID Card FeliCa is Sony's contactless IC card technology that allows easy access to multiple services through a single In Japan, FeliCa is providing an ideal solution for a variety of AFC The FeliCa advantage of card, as well as exceptionally secure, high-speed processing. Building on the ISO/IEC approval of its (Automatic Fare Collection) systems, including JR East's "Suica iO" card multi-application communication format (ISO/IEC 18092), this technology will now find an even wider range of applications. that completely eliminates the need to buy tickets. In the central part of capability makes the country, a similar service using the "ICOCA" card has been it possible to With no need to carry many cards, FeliCa continues to add convenience and efficiency to daily life. introduced by JR West, and the "PiTaPa" card that can be used for 42 apply a single transportation systems is being planned by SURUTTO KANSAI card to a variety Association. FeliCa is also used for the commuter bus service in of requirements, Nagasaki under the name "Nagasaki such as employee Smart Card." identification, access control ID Card Sample Access Control and recording of clock-in/out times. When cash card functions are added, the same card can also be used to make payment at in-house shops and cafeterias. Internet Shopping Suica Pass and Suica iO Card Ticket Gate, JR East Simply by putting the card on a FeliCa reader/writer connected to a PC, the "eLIO" card of Sony Finance International lets you identify yourself instantly and shop safely on the web.