Once prominent Japanese tech firms Sony – SNE and Panasonic – OTCPK:PCRFY have been bleeding money over the last several years, but now may be back on track to a return to profitability. Both companies have struggled due to their large bureaucratic company structure, which has left them in the dust in many consumer markets. The bright side to this is after several years of being in the red, both companies are painfully aware of their shortcomings and are making strides to return to profitability.
Source:
http://www.capacitorindustry.com/japanese-tech-giants-sony-and-panasonic-returning-to-profitability
