Apr 16, 2016

Nearly 3,500 Toshiba workers apply for early retirement

Scandal-hit Toshiba Corp. said it has received applications from 3,449 workers, or 3 percent of its domestic workforce, for an early retirement program between January and March. As part of its restructuring efforts following an accounting scandal, the ailing electronics and machinery maker sought ...

Apr 15, 2016

Toshiba, Fujitsu, Vaio may abandon talks on PC integration

Talks to integrate the personal computer units of Toshiba Corp., Fujitsu Ltd., and Vaio Corp. are on the verge of breaking down, sources close to the matter said Friday. Negotiations have foundered on a range of disagreements, including the need for restructuring. The three ...

Apr 11, 2016

Toshiba, IHI receive orders for thermal power plant in Indonesia

Toshiba Corp. and IHI Corp. said separately Monday that they have received orders of key equipment for the expansion of a coal-fired thermal power plant in Indonesia’s Banten province. Toshiba will supply a steam turbine and generator, while IHI will provide a boiler. The ...

Apr 7, 2016

Toshiba to build railway parts factory in India

Toshiba Corp. will build a factory in India to make parts for trains following plans by General Electric Co. and Alstom SA to set up manufacturing facilities in the country after winning deals to build locomotives. The Japanese company will make train control and ...

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 ...