Japanese yen

  1. Sony Stock Dips Below 1,000 Yen, First Time Since 1980

    June 04, 2012 8:14 AM EDT TOKYO (AP) -- Sony's stock price fell below 1,000 yen Monday for the first time since 1980 in a symptom of weak global markets and the company's decline after huge success with the Walkman three decades ago. Battered by competition from ...

  2. Sony Reports $463 Million Music Profit While Parent Corp. Posts Record $5.7 Billion Loss

    May 10, 2012 7:53 AM EDT TOKYO (AP) -- Sony Corp. racked up a record annual loss of 457 billion yen ($5.7 billion) in its fourth straight year of red ink as the once-glorious maker of the Walkman and PlayStation struggles toward a turnaround under a new president. Sony, h ...

  3. Sony CEO Confirms 10,000 Job Cuts, Reorganization

    April 12, 2012 8:06 AM EDT Faced with mounting losses, Sony Corp. said Thursday it will slash 10,000 jobs , or about 6 percent of its global workforce, and try to turn around its money-losing TV business over the next two years. New CEO and President Kazuo Hirai outlined hi ...

  4. Sony Headed for Fourth Straight Year in the Red, Reports $346 Mil. Quarterly Loss

    November 02, 2011 8:16 AM EDT TOKYO (AP) - Sony reported a 27 billion yen ($346 million) loss for the latest quarter and downgraded its annual earnings forecast Wednesday to stay in the red for the fourth year straight, battered by the strong yen and poor sales of flat panel T ...

  5. Sony Corp Announces $199 Million Quarterly Loss on Disasters

    July 28, 2011 7:00 AM EDT TOKYO (AP) - Sony Corp. sank to a 15.5 billion yen ($199 million) quarterly loss, hurt by the disasters in northeastern Japan, a massive online security breach and plunging TV prices. The Tokyo-based electronics and entertainment company said Thur ...

  6. Sony Q1 Results Expected To Show Recovery

    July 26, 2011 8:15 AM EDT reports fiscal first quarter earnings Thursday that are expected to reflect a gradual recovery, despite the damage from the March earthquake and an embarrassing online security breach. WHAT TO WATCH FOR: The aftermath of March 11 quake and tsunami ...

  7. Sony Forecasts $975 Million Profit Despite Hacking, Earthquake, $3.2 Billion Loss

    May 26, 2011 7:26 AM EDT TOKYO - Sony forecast a return to profit for this fiscal year after sinking into its third straight year of red ink, hammered by the costs of massive online security breaches and the damage from a March quake and tsunami in northeastern Japan. Tok ...

  8. Japanese Physical Music and Film Shipments Surprisingly Strong in Q1

    April 27, 2011 7:50 AM EDT The Record Industry Association of Japan (RIAJ) released figures for physical audio and video shipments in Japan for the first quarter of 2011 and the data yielded rather surprising results. Stemming somewhat the downward spiral of the past few ye ...

  9. Japanese CD Market Decline Slowing Down

    January 21, 2011 12:00 AM EST The Record Industry Association of Japan (RIAJ) released final physical music shipment figures for 2010 and they showed a continuing, if slowed, decline. Total audio shipments in this period were 209.9 million units, down 2% from 2009, for a value ...

  10. Japanese Digital Sales Down 5%

    November 22, 2010 12:00 AM EST The Recording Industry Association of Japan (RIAJ) has released data for sales of digital music for the first three quarters of 2010, January through September, and the overall market is down again. Overall the digital music market value for the t ...

  11. Technics Turntables To Stop Spinning?

    October 29, 2010 12:00 AM EDT According to Japanese media reports and a bevy of blogs, an icon of the analog age -- the Panasonic Technics turntable -- is about to be consigned to history. In a move which could have DJ's shedding tears over their 12-inchers, Panasonic has ...

  12. RIAJ: Int'l Repertoire Still Sinking In Japan

    October 21, 2010 12:00 AM EDT In Japan the decline of physical music production continued according to figures released by the Record Industry Association of Japan (RIAJ) for the January-September period of 2010. Total audio shipments in this period were 150.4 million units, d ...

  13. RIAJ Reveals Weak Digital Sales In Japan

    August 27, 2010 12:00 AM EDT The Recording Industry Association of Japan (RIAJ) has released data for sales of digital music that shows the Internet download market growing. But mobile music slipped back, according to the results for January to June 2010. Overall the digital ...

  14. RIAJ: Japanese Physical Market Slows Decline

    July 29, 2010 12:00 AM EDT The decline of physical music shipments in Japan slowed in the first half of 2010, according to figures released by the Record Industry Association of Japan (RIAJ). The total number of audio shipments from January to June this year was 97.5 millio ...

  15. Sony CEO's $4.5 Million Pay Stirs Shareholders

    June 18, 2010 12:00 AM EDT Sony Corp CEO Howard Stringer took home $4.5 million plus stock options in the past financial year -- when the electronics giant lost close to $450 million -- making him one of the highest paid executives at a Japanese company. The size of the Wel ...

  16. RIAJ Q1 Figures Show Digital Decline

    May 26, 2010 12:00 AM EDT The Recording Industry Association of Japan (RIAJ) released digital music figures for the first quarter of 2010 and they show sales down for mobile, but up for Internet Downloads. Overall sales were down year-on-year. The digital music market in J ...

  17. JASRAC Collections Fall 3.1%

    May 21, 2010 12:00 AM EDT Japanese Society for Rights of Authors, Composers and Publishers (JASRAC) has reported that its music copyright collections declined again. JASRAC's total collections for the last fiscal year, which ended on March 31, were down 3.1% compared ...

  18. RIAJ: Double-Digit Q1 Decline In Japan

    April 19, 2010 12:00 AM EDT The Recording Industry Assn. of Japan (RIAJ) released figures for physical music market production in Japan for the first quarter of 2010 showing the market down 10% by volume and 16% by value. International repertoire continued its slide, droppin ...

  19. RIAJ: Japanese Digital Market Holds Steady

    February 22, 2010 12:00 AM EST The Recording Industry Association of Japan (RIAJ) released figures showing that sales of digital music were steady in 2009, with revenue the same as the previous year. Internet downloads continued their rise, while digital units sold via mobile p ...

  20. Sony Corp's Music Revenues Inch Up

    February 04, 2010 12:00 AM EST Sony Corp has issued third quarter results showing the first profit in five quarters at the Tokyo-based company, following its restructuring. The electronics company's music arm, including Sony Music Entertainment, Sony Music Entertainment Ja ...

  21. RIAJ: Japanese Physical Market Slides By 16%

    January 19, 2010 12:00 AM EST The Record Industry Association of Japan (RIAJ) released figures for the overall physical music production in Japan in 2009 that show the market continuing to decline, with total production of audio units down 16% in terms of value. The total prod ...

  22. RIAJ: Double Digit Decline For Japanese CD Production

    December 15, 2009 12:00 AM EST The Recording Industry Assoc. of Japan (RIAJ) has released production figures for the overall music market for the January to November period of 2009, which show a double-digit decline in audio products. Total production of audio units for January ...

  23. Mixed Fortunes For Japanese Digital Sales

    December 01, 2009 12:00 AM EST Digital music sales volumes in Japan continued to decline in the third quarter -- but an overall year-on-year increase in value was maintained thanks to a rise in the number of full track downloads sold. According to figures released by the Record ...

  24. Michael Jackson Sales Help Trim Sony Losses

    October 30, 2009 12:00 AM EDT Sony Corp. has reported a smaller-than-expected 26.3 billion yen ($289 million) quarterly loss as cost cuts combined with healthy sales of PlayStation 3 game consoles and Michael Jackson hits helped it inch toward recovery. The Japanese electronic ...

  25. Japanese Audio Shipments Down 14%

    October 21, 2009 12:00 AM EDT Figures from the Recording Industry Association of Japan (RIAJ) for the January to September 2009 period show a continued downturn in physical shipments of music in Japan. International repertoire also continued to slide. A total of 156.7 million ...

  26. Japan's Digital Sales Decline In Q2

    September 03, 2009 12:00 AM EDT The Record Industry Association of Japan (RIAJ) has reported that the April-June second quarter of 2009 saw a decline in digital sales in a year-on-year comparison. The RIAJ said that 115.5 million digital units were sold in the second quarter, wh ...

  27. Avex Revenue Rises, Losses Widen

    August 13, 2009 12:00 AM EDT Japan's Avex Group Holdings has issued its financial report for the first quarter (April 1 to June 30, 2009), which showed revenues up by 2.1% compared with the same quarter last year. In the first quarter of this fiscal year, total revenue f ...

  28. Japanese Physical Shipments Down 17%

    July 22, 2009 12:00 AM EDT Figures from the Recording Industry Association of Japan (RIAJ) for the January-June 2009 period showed the continued slide in physical shipments of music in Japan, with a 17% decline compared to the same period last year. International repertoire ...

  29. Japan Cracks Down On Internet Copyright Violation

    June 11, 2009 12:00 AM EDT Japanese authorities are cracking down on the illegal distribution of music files over the Internet. The operators of a bulletin board system called One Touch have been warned to stop using copyright-protected material. Five teenagers, who were al ...

  30. RIAJ Releases Japan Q1 2009 Digital Sales

    June 02, 2009 12:00 AM EDT The Recording Industry Association of Japan (RIAJ) has released data for sales of digital music delivery during the January to March 2009 period. Internet downloads are on the rise, while digital units sold via mobile phone are down slightly and s ...

  31. Avex Sales Revenue Up 12.6%

    May 26, 2009 12:00 AM EDT Avex Group Holdings of Japan reported strong sales figures in its financial results for the fiscal year ending March, 2009. Avex Group continues the run that has catapulted them to the largest market share of physical sales in Japan last calendar ...

  32. International Repertoire Down 18% In Japan Q1 Figures

    May 19, 2009 12:00 AM EDT The Record Industry Assn. of Japan (RIAJ) has released figures for the overall music market production in Japan for the first quarter of 2009 that show a significant decline in value and production of audio units (CDs, records and cassettes). The ...

  33. Japanese Production Figures Reveal Gains and Losses

    January 29, 2009 12:00 AM EST The Record Industry Association of Japan (RIAJ) released figures for the overall music market production in Japan in 2008 showing a decrease for audio units (including CD, record and cassettes), while music video production was up. The total produ ...

  34. Sony Swings To Q3 Operating Loss As Demand Wilts

    January 29, 2009 12:00 AM EST Sony Corp swung to a quarterly operating loss and reiterated a forecast for its first annual loss in 14 years, battered by a firmer yen and weaker demand while highlighting deepening woes at the electronics conglomerate. The loss announcement was ...

  35. Sony Profit Plunges On Strong Yen

    October 29, 2008 12:00 AM EDT Sony Corp.'s quarterly profit plunged 72% as a surging yen wiped out perks from flat-panel TV and PlayStation 3 sales, as well as box office revenue from the movie "Hancock." Sony said Wednesday it posted a net profit of 20.8 billio ...

  36. Japanese Digital Sales Grow

    August 21, 2008 12:00 AM EDT Japan showed healthy gains in digital music sales in the April-June quarter, with PC-based and mobile-based full-track downloads showing especially strong growth, according to data released Aug. 21 by local labels body the Recording Industry Assn. ...

  37. Sony BMG Yearly Profits Up

    May 14, 2008 12:00 AM EDT Sony BMG Music Entertainment more than doubled net income profits in its fiscal year ended March 31 to $178 million (17.7 billion yen) on sales of $3.93 billion (390.2 billion yen) as compared with the prior year, when it reported $84 million (9.9 ...

  38. Japanese Lose Yen For International Repertoire

    January 18, 2008 12:00 AM EST Despite a year-end surge in shipments of domestic product, physical sales in the Japanese music market continued to shrink in 2007, with international repertoire particularly badly hit. According to data released Jan. 18 by the Recording Industry ...

  39. RIAJ Reports Rise In Q3 Download Sales

    November 22, 2007 12:00 AM EST Powered by the increasing popularity of ringback tunes and mobile-based full-song downloads, digital-music sales in Japan rose 32% to 121.6 million units in the third quarter, according to new data released by the Recording Industry Assn. of Japan ...

  40. Sony Slumps to Loss

    July 28, 2005 12:00 AM EDT Slashes Profit Outlook on Falling Sales, Restructuring Costs Sony Corp. announced its second quarterly loss in a row Thursday and slashed its profit outlook, highlighting the challenges Sony's new chairman faces as he tries to revive the comp ...

  41. Japanese Music Shipments Slide In First Quarter

    April 26, 2005 12:00 AM EDT The Japanese music market declined sharply on a wholesale shipment basis during the first quarter, based on data released April 19 by the Recording Industry Assn. of Japan. TOKYO -- The Japanese music market declined sharply on a wholesale shipmen ...

  42. Japanese Shipments Slide In First Quarter

    April 19, 2005 12:00 AM EDT Wholesale shipments decline 15% in value, 14% in units. The Japanese music market declined sharply on a wholesale shipment basis during the first quarter, based on data released today (April 19) by the Recording Industry Assn. of Japan. Shipments ...

  43. Sony Music Q1 Sales Up, Loss Down

    July 28, 2004 12:00 AM EDT Parent Sony Corp. also shows gains. Sony Corp. posted net income of 23.3 billion yen ($215 million) on sales of 1.6 trillion yen ($14.9 billion) in its fiscal first quarter, which ended June 30. The results represent a significant increase from th ...