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TMCNet:  Kyodo Industry Brief (March 11)

[March 11, 2014]

Kyodo Industry Brief (March 11)

(Japan Economic Newswire Via Acquire Media NewsEdge) TOKYO, March 11 -- (Kyodo) _ ---------- Itochu to acquire jeans maker Edwin TOKYO - Itochu Corp. said Tuesday it will acquire the entire stake in the holding company of Edwin Co. to support the restructuring of the financially troubled jeans maker.


---------- Sharp mulling supplying LCD TVs to Comcast: sources OSAKA - Sharp Corp. is considering a tie-up with leading U.S. pay TV provider Comcast Corp. in which it would supply liquid crystal display televisions with inbuilt cable channel receivers, sources close to the matter said Tuesday.

---------- Toyota set to raise average pay scale by 2,700 yen NAGOYA - Toyota Motor Corp. has decided to raise its average pay scale by 2,700 yen per month at this spring's labor-management wage talks, its first hike in six years, a source familiar with the matter said Monday.

---------- Japan Display sets public share offering price at 900 yen per share TOKYO - Liquid crystal display maker Japan Display Inc. said Monday it has set its public share offering price at 900 yen per share to raise around 123 billion yen to expand production for panels used in smartphones.

---------- Hitachi develops robots to probe Fukushima nuclear plant TOKYO - Hitachi Ltd. and Hitachi-GE Nuclear Energy Ltd. said Monday they have developed robots to detect cooling water leakage points and the condition of nuclear fuel at the disaster-struck Fukushima Daiichi nuclear plant.

---------- Sony, Panasonic to launch next-generation optical discs in 2015 TOKYO - Sony Corp. and Panasonic Corp. said Monday they plan to launch in the summer of 2015 next-generation optical discs for business use under their joint standard, with the aim of taking a global lead in the market for long-term digital data storage.

(NOTE: Corporate press releases are available on Japan Portal, a multilingual website powered by Kyodo News providing information about a wide range of topics and events in Japan. URL: http://www.japanportal.jp/industry/) (c) 2014 Kyodo News International, Inc.

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