Toshiba sees finances improving after narrowing its business

Mar 18, 2016

Toshiba sees finances improving after narrowing its business

Toshiba Corp. said its profitability will improve in the next fiscal year as it scales back on products such as personal computers and home appliances. Operating profit will be ¥120 billion ($1.1 billion) and revenue ¥4.9 trillion in fiscal 2016, the electronics maker said ...

Mar 17, 2016

Canon agrees to buy Toshiba medical unit

Canon Inc. agreed to buy Toshiba Corp.’s medical equipment unit for ¥665.5 billion ($5.9 billion) as the world’s biggest maker of cameras seeks new growth. The deal will be funded by existing cash and borrowed funds, Tokyo-based Canon said in a statement Thursday. The ...

Mar 17, 2016

Toshiba sinks ¥360 billion into next-gen NAND memory

Toshiba Corp. said Thursday it will spend around ¥360 billion ($3.2 billion) over the next three years through fiscal 2018 building and outfitting a facility to produce next-generation NAND-type flash memory. The scandal-hit manufacturing giant is expected to discuss the possibility of obtaining additional ...

Mar 15, 2016

Scandal-hit Toshiba discloses additional profit padding from 2010

Toshiba Corp. said Tuesday it had overstated profits by ¥5.8 billion from fiscal 2010, an additional finding in a massive accounting scandal that has forced the company to restructure its businesses. Toshiba also said it will release its business plan for fiscal 2016 starting ...

Mar 9, 2016

Canon offers ¥700 billion for Toshiba medical unit: report

Canon Inc. is the leading contender to win the bidding for Toshiba Corp.’s medical unit with an offer exceeding ¥700 billion ($6.2 billion), sources said Wednesday. The offer puts it ahead of rival bids from Fujifilm Holdings Corp. and a grouping of Konica Minolta ...