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TOSHIBA

Some prominent private equity-related dealmakings in Japan in 2023 include the ¥2.1 trillion ($14 billion) takeover of Toshiba.
BUSINESS / Markets
Mar 25, 2024
Japan private equity deals jump in otherwise gloomy year for Asia
Japan’s momentum is expected to continue into 2024 as companies face pressure to improve shareholder value.
Toshiba went private through a takeover bid after a series of battles with activist shareholders.
BUSINESS / Companies
Jan 21, 2024
Management buyouts by big companies on rise in Japan
The total value of management buyout deals exceeded ¥1.4 trillion in Japan in 2023 to hit a record high.
In Toshiba, JIP takes on a sprawling company far bigger and more complex than any it acquired before.
BUSINESS / Companies / FOCUS
Dec 19, 2023
In buying Toshiba, JIP takes on corporate Japan's toughest job
While the fund has quietly built up a track record by carving out businesses from big manufacturers, Toshiba is more complex than any it acquired before.
Taro Shimada, president and CEO of Toshiba, will remain in his post after the company goes private next week.
BUSINESS / Companies
Dec 14, 2023
JIP-led group to have majority on Toshiba board after delisting
The delisting will end the conglomerate's 74-year history as a public company.
Toshiba and Rohm said Friday they will collaborate in the power semiconductor business, planning to spend a combined ¥388.3 billion to expand their production with one-third of the outlay covered by the industry ministry.
BUSINESS / Companies
Dec 8, 2023
Toshiba, Rohm to invest $2.7 billion to jointly produce power chips
The latest partnership is what the industry ministry has hoped for out of concerns that the country's power chip industry is too fragmented.
Shareholders arrive to attend Toshiba's extraordinary shareholders meeting in Tokyo on Wednesday.
BUSINESS / Companies
Nov 22, 2023
Toshiba shareholders approve plan to go private next month
The decision will allow a consortium led by JIP to buy all of Toshiba's remaining shares, marking the end of its decadeslong history as a public firm.
New Zealand's Richie Mo'unga in action against Argentina in the semifinals of the 2023 Rugby World Cup, in Saint-Denis, France, on Oct. 20
MORE SPORTS / Rugby
Nov 21, 2023
Mo'unga ready to forget All Blacks after Japan switch
Mo'unga has moved to Toshiba Brave Lupus on a three-year deal, meaning he cannot play for the All Blacks during that time unless eligibility rules change.
Toshiba said it is considering whether to release earnings results after it delists from the Tokyo Stock Exchange on Dec. 20.
BUSINESS / Tech
Nov 14, 2023
Toshiba posts ¥52 billion net loss before delisting in Japan
The figure in the reporting period is a reversal from a net profit of ¥100.66 billion the Japanese conglomerate booked a year earlier.
An attendee tries out the XR Catch game at the Sony Group booth at CEATEC in Chiba on Tuesday.
BUSINESS / Tech
Oct 17, 2023
Major Japan tech show opens with focus on sustainability
The major trade show kicked off on Tuesday, with firms keen to showcase how their latest technologies could contribute to creating a sustainable society.
Toshiba said the Japan Industrial Partners-led consortium had gained 78.65% of Toshiba’s outstanding shares through the bid, which began Aug. 8, paying ¥4,620 per share.
BUSINESS / Companies
Sep 21, 2023
Toshiba to go private after success of ¥2 trillion takeover bid
The Japan Industrial Partners-led consortium has gained 78.65% of outstanding shares, paying ¥4,620 per share.
Kioxia's Kitakami plant in Kitakami, Iwate Prefecture. Western Digital and Kioxia initially aimed to reach a decision on a merger in August, but discussions have dragged on as the companies tried to iron out details.
BUSINESS / Companies
Sep 20, 2023
Banks prepare ¥2 trillion funds for Kioxia-Western Digital merger
The moves towards a refinancing commitment would mark a step forward in the merger, which has faced months of delays.
Toshiba, which has know-how ranging from air conditioners and nuclear power equipment to semiconductors and quantum computing, sees a Japan Industrial Partners-led bid as a chance to regain its footing following more than a decade of scandals and management overhauls.
BUSINESS / Companies
Aug 7, 2023
JIP-led ¥2 trillion tender offer for Toshiba to start Aug. 8
A consortium led by Japan Industrial Partners will start a tender offer to buy all outstanding Toshiba shares at ¥4,620 per share through Sept. 20.
Japan Times
BUSINESS
Jul 7, 2023
Toshiba tender offer to be delayed until August or later
The consortium initially planned to launch the tender offer as early as late July, but it is taking time to obtain approval from antitrust regulators in certain countries.
Japan Times
BUSINESS / Companies
Jun 29, 2023
Toshiba shareholders re-elect board members promoting buyout plan
Some investors have criticized the buyout offer as being 'too cheap.'
Japan Times
BUSINESS / Companies
Jun 8, 2023
Toshiba backs JIP-led buyout in boost to deal’s chances
Since 2015, Toshiba has been battered by accounting scandals — suffering heavy loss — and came close to being de-listed.
Japan Times
BUSINESS / Companies
Jun 2, 2023
Japanese chipmaker Kioxia and U.S.-based Western Digital in detailed merger talks
The two companies are considering setting up a joint venture to integrate their production and sales operations, and Kioxia may hold the larger stake in the new company, sources said.
Japan Times
BUSINESS
May 12, 2023
Toshiba posts 35% decline in full-year net profit
The firm has said a planned takeover bid that is expected to take the company private will likely start in late July.
Japan Times
BUSINESS
Mar 29, 2023
Five former Toshiba executives ordered to pay damages over accounting scandal
Toshiba released a comment that it will examine the details of the ruling and make a decision on how to deal with the issue after consulting with its attorney.
Japan Times
BUSINESS / Companies / FOCUS
Mar 26, 2023
Rocky road to Toshiba deal raises doubts about a future comeback
The questions now are whether activist investors will accept the terms — and whether the firm can restore its former glory.
Japan Times
BUSINESS / Companies
Mar 23, 2023
Toshiba board accepts JIP buyout proposal, report says
The JIP consortium last month submitted a binding buyout proposal backed by $10.6 billion in loan commitments from major banks.

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