| Japan Corporate News Network |
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| NEC, Hitachi and Casio to Merge Mobile Handset Operations |
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Tokyo, Sept 10, 2009 (JCN) - NEC Corp., Hitachi Ltd. and Casio Computer Co. plan to merge their mobile handset operations. This will create the country's second-largest cellphone maker by shipments after Sharp Corp. The Japanese cellphone makers aim to boost profitability by consolidating operations to save money in a domestic market nearing saturation.
A consolidation of the three players would help lessen their spending on development costs and ride out the tough local market. This would also trigger an expansion overseas. That prospect encouraged the investors to snap up shares in the three companies.
Copyright © 2010 JCN. All rights reserved. A division of Japan Corporate News Network KK.
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