Jul 23, 2014

Toshiba may seek more than $1 billion in SK Hynix chip lawsuit

Toshiba Corp. said it may increase the damages it is seeking from SK Hynix Inc. over claims the South Korean semiconductor maker wrongfully acquired information related to memory chips. Toshiba filed a ¥109 billion civil suit in March with the Tokyo District Court after ...

Toshiba nearing Bulgaria nuclear reactor deal

Jul 3, 2014

Toshiba nearing Bulgaria nuclear reactor deal

Toshiba Corp. is close to striking a deal to build a nuclear reactor for a Bulgarian state-owned utility firm for about ¥500 billion, company sources said Thursday. The Japanese firm plans to build the reactor with output capacity of around 1.1 million kilowatts through ...

Apr 28, 2014

Japan Display shares fall

Japan Display Inc. shares plunged to 25 percent below last month’s initial public offering price in Tokyo trading after reporting preliminary earnings that missed its forecasts. Japan Display fell 16 percent to close at ¥672. That compares with the ¥900 IPO price before the ...

Mar 13, 2014

Thousands sue nuclear companies over Fukushima disaster

A class-action lawsuit against nuclear suppliers General Electric Co., Toshiba Corp. and Hitachi Ltd. has ballooned to more than 4,000 claimants seeking damages over the Fukushima crisis, according to the lead lawyer. The claimants, hailing from Japan and 32 other countries, including the United ...

Jan 31, 2014

Firms that made No. 1 plant sued

by Mari Yamaguchi

Some 1,400 people file a joint lawsuit against three companies that manufactured the Fukushima No. 1 nuclear plant, saying they should be financially liable for damage caused by its 2011 meltdowns.

Toshiba net profit down 29% on tax payments

Jan 30, 2014

Toshiba net profit down 29% on tax payments

Toshiba Corp. said Thursday its group net profit dropped 29.1 percent in the April to December period from a year earlier to ¥38.68 billion on increased tax payments, though sales expanded on robust demand for electric components. The major electrical machinery maker said its ...

Sep 25, 2013

Toshiba to give wind power generation a whirl

Toshiba Corp. is planning a major push into the wind power business. One of its wholly owned subsidiaries plans to acquire Sigma Power Janex Co., a spinoff of wind power operator Japan New Energy Explorer Co., or Janex, in mid-November for billions of yen. ...

Sep 13, 2013

Toshiba chief urges Eco-point relaunch

The government should start another Eco-point subsidy program for energy-efficient products to help prevent any consumption tax hike from triggering an economic slowdown, Toshiba Corp. Vice Chairman Norio Sasaki said. Considering the anticipated surge in social security costs and the Japan’s steadily worsening fiscal ...