In a bid to consolidate its expenses, Samsung is looking to sell its majority stake in a building located in Tokyo. The report by Wall Street Journal claims Samsung will most likely move out of the 27-storey building in Roppongi in Tokyo by end of March by selling an undisclosed share from its 57 percent stake in the building. The report also goes onto say that Samsung has already rented out space in a less expensive Iidabashi area in Tokyo.
Samsung’s move is seen to cut down additional expenses as the company is trying to swing back into record profitability it used to enjoy few quarters back. Furthermore, Samsung does not sell home appliances in Japan and trails the competition with just 6 percent of market share in November 2014, according to a market research report.
Samsung has also reportedly cut down on activities like teaching elderly how to use smartphones.
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