Jan 18, 2017

Toshiba eyes spinning off flash-memory business

Toshiba Corp. is considering spinning off its key flash-memory business as part of efforts to make up for expected losses in its U.S. nuclear unit, a source familiar with the plan said Tuesday. Toshiba’s advanced NAND-type flash memory, which is used for devices such ...

| Dec 28, 2016

Tokyo stocks flat without trading clues

Stocks closed almost unchanged on the Tokyo Stock Exchange Wednesday, amid a dearth of major trading incentives. The 225-issue Nikkei average ended 1.34 points, or 0.01 percent, lower at 19,401.42. On Tuesday, the key market gauge gained 6.42 points. The Topix index of all ...

Toshiba stocks fall by limit as huge loss emerges

Dec 28, 2016

Toshiba stocks fall by limit as huge loss emerges

Toshiba Corp. stocks plunged by the daily limit in Tokyo as the once heralded U.S. nuclear renaissance is turning into a nightmare for the company. The shares fell by 20 percent to ¥311.6 in Tokyo, following a 12 percent drop Tuesday. Toshiba said it ...

Toshiba profit triples on asset sales

Nov 11, 2016

Toshiba profit triples on asset sales

Toshiba Corp. said Friday its half-year profit tripled, owing to cost reductions and the sale of its home appliances business, providing a boost to the firm as it tries to turn the page on an embarrassing accounting scandal. The vast conglomerate posted an April-September ...

Sep 30, 2016

Toshiba says uranium built up beyond company limit at U.S. plant

Toshiba Corp. said Thursday a buildup of material found inside a plant of its U.S. unit, Westinghouse Electric Co., contained an amount of uranium three times higher than the facility’s internally set limit. There were no safety consequences or any health or environmental impacts ...

Sep 29, 2016

Hitachi, Toshiba, Mitsubishi Heavy may integrate nuclear fuel units

Hitachi Ltd., Toshiba Corp. and Mitsubishi Heavy Industries Ltd. are considering integrating their nuclear fuel businesses, sources said Thursday. The tie-up could come in the spring. Their nuclear businesses have been in the doldrums since the 2011 meltdowns at the Fukushima No. 1 nuclear ...