Japanese tech giants hit hard by economic woes

The poor global economic situation, a slowdown in the IT sector and increased competition from foreign rivals led all but one of Japan’s major electronics companies to report lower sales and losses for the previous fiscal year, which ended on March 31, they said in earnings reports released on Thursday and Friday.

The largest loss in monetary terms was posted by Hitachi Ltd. at

Would you recommend this article?


Thanks for taking the time to let us know what you think of this article!
We'd love to hear your opinion about this or any other story you read in our publication.

Jim Love, Chief Content Officer, IT World Canada

Featured Download

Related Tech News

Our experienced team of journalists and bloggers bring you engaging in-depth interviews, videos and content targeted to IT professionals and line-of-business executives.

Featured Reads