Sony completed its planned purchase of Ericsson’s 50 percent stake in Sony Ericsson and turned the company into a wholly owned subsidiary called Sony Mobile Communications. Sony, which previously owned 50 percent of the joint venture, will integrate the company and its 8,000 employees with its electronics business “with the aim of accelerating convergence between Sony’s … [Read more...]

Olympus Corp. is expected to elect Yasuyuki Kimoto, President of Japan Research Institute Ltd., to serve as its next chairman. The appointment will be put to a vote at its shareholders meeting. Olympus also plans to promote Executive Officer, Hiroyuki Sasa to the post of President. Sasa is expected to command his years of experience, including expertise cultivated through … [Read more...]

Tamron expects to increase its turnover to 83 billion yen (US$1.03 billion) in 2014, making profits on operation of 8.6 billion yen (US$107.5 million). The interchangeable lens business will earn 55.3 billion yen (US$691 M) out of the 83 billion yen, while the lens-related business or lens units of all kinds 14.3 billion yen (US$178.7 M). As for the interchangeable lens … [Read more...]