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 ...

Panasonic churns out 100 millionth washing machine

Aug 30, 2013

Panasonic churns out 100 millionth washing machine

Panasonic Corp. has built its 100 millionth washing machine since starting production in 1951 under the leadership of founder Konosuke Matsushita. Its output of washing machines has accelerated since Panasonic started production in China in 1992, with the last 50 million being manufactured since ...

Aug 8, 2013

Top firms' classified info leaked on Baidu

Large amounts of confidential internal documents and materials of major Japanese companies from the past two years are currently available for viewing at China's Baidu Library document-sharing website.

Jul 3, 2013

Toshiba buys Austrian firm to up infrastructure sector

Toshiba Corp. said Wednesday it has acquired a 76 percent stake in an Austrian energy management software developer to expand its infrastructure business in Europe. While Toshiba didn’t clarify the amount paid for acquiring cyberGRID GmbH, an official said it was “hundreds of millions ...

Toshiba boss foresees TV rebound

Jun 27, 2013

Toshiba boss foresees TV rebound

New Toshiba Corp. President Hisao Tanaka is confident the company can rebuild its loss-making TV business by slashing fixed costs and taking other restructuring measures that will make it profitable in the second half. Tanaka, 62, who assumed his post Tuesday, succeeding Norio Sasaki, ...

Toshiba sees profit hike on chip demand

May 9, 2013

Toshiba sees profit hike on chip demand

Toshiba Corp. on Wednesday forecast a 29 percent gain in full-year profit on higher demand for semiconductors and power equipment. Net income may be ¥100 billion for the year ending March 31, compared with ¥77.5 billion a year earlier, the company said in a ...