Feeds

Casio cans 17% of workers

Consumer electronics sales slump

  • alert
  • submit to reddit

Internet Security Threat Report 2014

Casio will slash 3,000 jobs worldwide, 17 per cent of the workforce, by March, due to slow sales and poor profits.

This follows the 1,000 jobs culled in the six months to September.

Casio posted a group net loss of 4.21 billion yen ($34.51 million) for the first half on sales of 204 billion yen ($1.67 billion). It made a net profit of 2.8 billion yen ($22.95 million) a year earlier.

The company expects a loss of 3.7 billion yen ($30.33 million) and sales of 404 billion yen ($3.31 billion) in the year to March 31, 2002. This is down from a net profit of 6.55 billion yen ($53.7 million) in 2000/01.

Revenue from word processors, audio and other consumer products fell 4.3 per cent to 64 billion yen in the first half. According to Gartner Dataquest, Casio grabbed 5.6 per cent of third-quarter global PDA shipments. These have fallen by just under ten per cent, from 2.81 million units in Q2 to 2.54 million.

Casio's watch sales dropped 10.4 per cent in the first half. Digital cameras, mobile phones and office equipment helped boost overall electronics equipment sales 1.5 per cent to 156 billion yen. ®

Related Story

PocketPC sales slide

Secure remote control for conventional and virtual desktops

Whitepapers

Why cloud backup?
Combining the latest advancements in disk-based backup with secure, integrated, cloud technologies offer organizations fast and assured recovery of their critical enterprise data.
Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Protecting users from Firesheep and other Sidejacking attacks with SSL
Discussing the vulnerabilities inherent in Wi-Fi networks, and how using TLS/SSL for your entire site will assure security.
Saudi Petroleum chooses Tegile storage solution
A storage solution that addresses company growth and performance for business-critical applications of caseware archive and search along with other key operational systems.