Jan 24, 2016

Toshiba to sell off most of its chip operations

Scandal-hit Toshiba Corp. has decided to sell most of its semiconductor chip operations to focus on its flash memory business, informed sources said. The operations to be put up for sale include the division that handles system large-scale integrated circuits, which are used in ...

The elephant in the room for Toshiba is nuclear

| Jan 16, 2016

The elephant in the room for Toshiba is nuclear

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Japanese press outlets often cover scoops from competing outlets, but it’s rare to build on a competitor’s story with original reporting, especially when the scoop is a few years old. In December, the weekly magazine Aera, which is affiliated with the Asahi Shimbun, ran ...

Dec 25, 2015

Toshiba fined record ¥7.3 billion over accounting scandal

The Financial Services Agency on Friday imposed a record ¥7.37 billion fine on scandal-hit Toshiba Corp. for falsifying financial reports. Japan’s financial watchdog set a Feb. 25 deadline for Toshiba to pay the fine. The company said it would pay the amount, adding, “We ...

Dec 22, 2015

Moody's lowers Toshiba's credit rating two levels to junk status

Toshiba Corp.’s long-term senior bond rating has been cut two levels by Moody’s Investors Service to Ba2, its second-highest junk rating, from Baa3. Moody’s also downgraded the short-term rating of the electronics company, the ratings agency said in a statement Tuesday. “We expect that ...