Jul 29, 2015

Scandal-hit Toshiba eyes retaining Muromachi as president

Toshiba Corp. is looking at the possibility of retaining temporary President Masashi Muromachi when it appoints its new management team next month as it regroups following an accounting scandal, according to company sources. Muromachi, who is also Toshiba chairman, tentatively took over the presidency ...

Jul 25, 2015

Muromachi to lead Toshiba recovery

Toshiba Corp. plans to have interim chief Masashi Muromachi relinquish the title of chairman to focus on the role as president, informed sources told Jiji Press. Muromachi will lead an effort to recover from the accounting scandal that rocked the industrial and electronics company. ...

Jul 21, 2015

Toshiba's accounting scandal among biggest in Japan corporate history

Toshiba Corp.’s ¥152 billion ($1.2 billion) accounting scandal, caused by top executives setting unrealistic profit targets, ranks among the largest in Japanese corporate history. An industrial group that makes everything from nuclear reactors to microchips and home appliances, Toshiba said Monday it must correct ...