Japan's scandal-hit Olympus says it will sell its mobile phone unit to a domestic investment fund for $A647.86 million as the camera and medical equipment maker eyes a return to profitability.
The 53 billion yen sale of ITX Corp would be posted as a one-time gain in the firm's second-quarter financial report, but "the impact of the sale on our earnings is uncertain at this point", the company said on Friday.
The buyer was Japan Industrial Partners, which Olympus described as "one of (the) leading investment funds in Japan".
Olympus had reportedly purchased an increasing stake in ITX - once a technology start-up investor that later became a mobile phone retailer - over the past decade in hopes of using the investment to make up for losses central to its accounting scandal last year.
China's television regulator has ordered a crackdown on dramas about the country's battles with Japan during and before World War Two and demanded they be more serious, state media said on Friday, following viewer complaints about ludicrous storylines. (Reuters )
Shukan Post (May 24) conveys the difficulties experienced by other parts of the adult-entertainment biz in servicing customers from the communist nation.
A deri heru (“delivery health”) call-girl tells the tabloid that she is often requested to arrive at major hotels in the Shinjuku and Ikebukuro entertainment areas of Tokyo by Chinese visitors. (Tokyo Reporter)
Police on Friday said that a real estate company employee was stabbed by an unknown assailant in the lobby of an office building near JR Akihabara station. The man is currently in a serious condition in hospital. (Japan Today )