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 ...

Sep 28, 2016

Toshiba more than doubles profit outlook as yen drives sales

Toshiba Corp. raised its forecast for first-half operating profit to ¥70 billion from ¥30 billion, crediting growth in storage and electronic devices for a more than doubling of its earnings outlook. A weaker-than-expected yen and sales of hard drives and smartphone memory are the ...

Jul 8, 2016

Three ex-Toshiba heads likely to escape charges over accounting fraud

The Tokyo District Public Prosecutors Office’s special investigation unit believes it will be difficult to charge three former presidents of electronics and machinery giant Toshiba Corp. over the firm’s high-profile accounting scandal, sources said Friday. The unit informed the Securities and Exchange Surveillance Commission ...

Jun 26, 2016

Corporate governance report card

Companies are making good progress in complying with the Tokyo Stock Exchange's corporate governance principles, but the proof will be in the pudding.

Jun 23, 2016

GPIF sues Toshiba for losses over accounting scandal

Japan’s $1.3 trillion Government Pension Investment Fund is suing Toshiba Corp. for losses on its investments after an accounting scandal sent the conglomerate’s shares plunging. GPIF is seeking damages of about ¥900 million, said Shinichirou Mori, a spokesman for the fund. The losses related ...