Tag - accounting-scandal

 
 

ACCOUNTING SCANDAL

Japan Times
BUSINESS / Companies
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.
Japan Times
BUSINESS / Companies
Dec 10, 2015
Toshiba to end TV production, shrink staff, sell assembly plants overseas
Toshiba Corp. is planning to withdraw from TV manufacturing by selling its factories abroad, a source has said.
BUSINESS / Companies
Sep 10, 2015
S&P downgrades scandal-hit Toshiba, with 'negative' outlook
U.S. credit rating agency Standard & Poor's said Wednesday that it has downgraded Japanese electronics company Toshiba Corp.'s long-term corporate credit to "BBB-" from "BBB," stating that confusion in its operations arising from "inappropriate" accounting may continue to have a negative impact on its earnings.
BUSINESS / Companies
Aug 27, 2015
Toshiba eyes appointing Shiseido adviser Maeda as board chairman
Toshiba Corp. is considering naming Shinzo Maeda, senior adviser to cosmetics-maker Shiseido Co., as chairman of its revamped board in order to improve corporate governance at the industrial conglomerate that's mired in an accounting scandal, sources close to the matter said Thursday.
Japan Times
BUSINESS / Companies / FOCUS
Aug 14, 2015
Toshiba scandal highlights need for diversity in corporate Japan
An accounting scandal engulfing Japanese conglomerate Toshiba Corp. has exposed how closed corporate culture, still prevalent even at globally well-known companies in the country, plagues corporate governance.
Japan Times
BUSINESS / Companies
Jul 30, 2015
Toshiba unveils more exec pay cuts over accounting scam
Toshiba Corp. has announced an additional round of punishments over its accounting scandal — pay cuts affecting 16 executives, including Chairman and President Masashi Muromachi — and the resignation of another executive.
BUSINESS / Markets
Jul 30, 2015
After rough bond performance, Toshiba seen facing more capital hits
Toshiba Corp.'s bonds were Japan's biggest losers this month, and the worst may not be over in the nation's latest accounting scandal.
BUSINESS / Companies
Jul 22, 2015
Troubled Toshiba to sell $1 billion stake in Finnish elevator maker Kone
Toshiba Corp. is selling a $1 billion stake in Finnish elevator and escalator maker Kone Oyj as the Japanese group moves to bolster its balance sheet amid a probe into accounting irregularities.
JAPAN
Jul 21, 2015
Probe finds that pressure by management contributed to Toshiba wrongdoing
Toshiba Corp. must correct at least ¥152 billion in pretax earnings over seven years after an internal accounting probe revealed the company overstated profits under pressure from management.
EDITORIALS
Jul 15, 2015
Toshiba's cooked books
Unless it's determined why Toshiba's existing governance mechanism failed to prevent accounting irregularities it will be difficult to prevent similar incidents in the future.
Japan Times
BUSINESS / Companies
Jul 10, 2015
Toshiba president pressed subordinates to improve profits
The president of Toshiba Corp., which has been embroiled in an accounting scandal, placed intense pressure on his subordinates to meet profit targets, potentially driving them to pad profits, sources familiar with the matter said Friday.

Longform

Historically, kabuki was considered the entertainment of the merchant and peasant classes, a far cry from how it is regarded today.
For Japan's oldest kabuki theater, the show must go on