May 6, 2016

Toshiba VP Tsunakawa to become president in June

Toshiba Corp. said Friday it will promote Vice President Satoshi Tsunakawa to replace President Masashi Muromachi as the industrial conglomerate aims to rebuild itself under new leadership. The company’s board of directors made the decision on Friday. The personnel change is expected to take ...

Apr 27, 2016

Toshiba reduces projected loss for 2015 business year

Toshiba Corp. has said it plans to book an asset impairment loss of around ¥260 billion in its results for the year to March 31 by writing down the value of its U.S. nuclear power subsidiary Westinghouse Electric Co., which it acquired in 2006. ...

Toshiba to tap ex-medical chief Tsunakawa as new president

Apr 24, 2016

Toshiba to tap ex-medical chief Tsunakawa as new president

Struggling electronics giant Toshiba Corp. is preparing for Corporate Senior Executive Vice President Satoshi Tsunakawa to succeed President Masashi Muromachi, company sources said Sunday. With restructuring under 66-year-old Muromachi making measured progress, the company aims to rebuild itself in terms of both trust and ...

Apr 22, 2016

Toshiba faces ¥300 billion loss over Westinghouse

Toshiba Corp. plans to book an impairment loss of around ¥300 billion for fiscal 2015 linked to its U.S. nuclear power subsidiary Westinghouse Electric Co., sources familiar with the matter said Friday. The loss would be larger than anticipated. The struggling electronics maker, mired ...

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 ...