...Corporate restructuring has never been so critical to the stability of Japanese diversified electronics companies' credit quality: their weak operating performances since the quarter to endDecember 2008 (Q3FY09) reflect material changes in the origination of their product demand and the competition they face. With demand from developed markets falling significantly, their exports are increasingly tilting towards emerging markets. At the same time, the challenge from major Korean rivals, which benefit from a more favourable exchange rate on top of their earlyestablished market presence in emerging markets, is increasing. Successful restructuring to enhance operating efficiency is now indispensable if the Japanese diversified electronics companies are to cope with the changed competitive conditions and sources of demand. Fitch Ratings expects restructuring activities by the Japanese diversified electronics companies to result in lower operating costs and, for the six companies in the agency's...
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| Report Type: | Special Report
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| Company(ies): | Samsung Electronics Co., Ltd., Toshiba Corporation, LG Electronics, Inc., Hitachi Ltd., Sharp Corporation, Sony Corporation, Panasonic Corp, NEC Corporation
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| Ticker(s): | 6701 , 6758 , 6753 , 6502 , 066570 , 6501 , 6752 , 005930
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| Issuer: | Toshiba Corporation
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| Free Sample: |
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| Format: | | PDF |  |
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