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Toshiba Corp is expected to report a net loss for the last fiscal year and also revise down its fiscal 2011/12 earnings to a loss following an investigation into its accounting practices, the Nikkei reported.
Microsoft’s gaming revenue exceeded US$10bil (RM41,51bil) in fiscal 2018 (which ended June 30), and Xbox Live had more than 57 million monthly active users, the company said during an annual shareholders meeting on Nov 28.
Myntra, part of Indian's biggest e-commerce company Flipkart, said it expects to turn profitable by the end of next financial year as the online fashion store looks at slashing discounts and curbing supply-chain costs.
Japan's Nintendo Co Ltd ended the last business year by booking its third straight loss, but said a series of new video games such as Mario Kart 8 would revive sales and return it to profit.
Sprint Corp on May 3 reported a wider quarterly loss and added fewer subscribers than expected, but vowed to cut more than US$2bil (RM7.97bil) in costs in the current fiscal year to stop the red ink.
Indian IT services exports are likely to grow at a slower pace next fiscal year than in the recent past as global clients rein in technology spending, an industry lobby group said.
Nintendo is collaborating with Tencent to bring its Switch console to China, but the company is keeping its expectations for expansion into China reasonable, Shuntaro Furukawa, Nintendo’s president, explained during Nintendo’s financial results briefing for the fiscal year which ended March 2019.
German Finance Minister Olaf Scholz said in an interview for publication Sunday he backed a global minimum fiscal regime for multinationals as Europe looks to levy tax notably on US tech giants.
The system, which currently screens the faces of Japanese nationals returning home, will also be used for foreigners leaving Japan from fiscal 2019.